We’ve been “all cash” for years now....inflation eats into the value quite a bit more than the 1/2% we earn, but it beats the sh*t out of the potential huge losses.
When I was managing my now-dead parents’ Schwab account (they both had dementia) - which was mostly stocks - I got sick and tired of the monthly swings - up $4000 one month, down $7000 the next - that I put it all into Schwab’s cash accounts...just a month or two before the meltdown.....not only did I begin sleeping better, but I probably saved the estate two or three hundred thousand bucks.
Good deal. I need to get off the roller coaster.
“Why hasn’t the white metal budged at all? A few years ago it reached close to $50/ounce and it’s now stuck in the $20 range.”
I claim no special knowledge of investing or finance. Personally I believe that silver is currently staying at around $20 due to Divine Providence allowing us just a little more time to get ready.
If you’re looking to make a quick profit, buying a $1000 face value junk silver bag for $16K might not be the best strategy. On the other hand if you perceive the great danger our entire financial system is in and are concerned about the dollar being massively devalued, I don’t think you can go wrong with 90% silver coins.
In the early 1960s a quarter would buy a gallon of gas. That same pre-1965 quarter will still buy a gallon of gas, and I believe it will do so for the foreseeable future.