Bought my silver when it was $13/once. I am still ahead of the game. If silver goes that low again, I will buy more. Right now, I am holding on to it. If silver goes back up to $30/once, I will probably cash it in and buy more ammo.
Do you know if anyone on FR is pinging others on drop in price of silver/gold?
Good plan. One of the best financial decisions I ever made is buying siler at $7 an ounce. So many years though and it seems to be stuck so I’m thinking lke you, maybe exchange some for another asset.
DITTO. Personally 90 percent cash and 10 percent PM. Deflation is good for me because of cash is king. Question for fed reserve and US gov, can they allow it. Deflation means drop in home prices, the good mortgages held by the banks (after the gov brought the toxic ones) will become underwater, and with it the solvency of the US banks. God knows how deflation will impact the unseen derivative markets the banks are involved in with to prop up the economy and avoid deflation since the meltdown of 2008. Too many unknowns, picking up some more PM is not so dumb. Seems like China, Russia and India is buying the PM up as prices drop.