I have talked about buying silver for several months now. I was mocked by several here on FR, but I have stuck with it.
All I know about investing is diversification is good way to hedge your bets. Beyond that, for most of my life my money was tied up in staying alive.
“I have talked about buying silver for several months now. I was mocked by several here on FR, but I have stuck with it.”
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I get mocked by some at my workplace. I don’t care.
We, my spouse and I, are debt free, mortgage free, maxing out our 401Ks, contributing to a brokerage account, have almost a year’s expenses in a HYSA and have been stacking for 20 months. None of the people that mock me have any one of those above-mentioned conditions. It’s not that I make more money than them or have a high combined household income. No, it’s because we live below our means and we save.
We view our metals not as an investment rather it is a place to park money. If metals crashed tomorrow, I wouldn’t be happy, but it would not make us homeless either. We are going to order 20 oz of silver tomorrow. This purchase will allow us hit our 2025 PM stacking goals. We started buying silver spot at $26.00/ounce, gold at $2600.00/ounce. Our philosophy is to have 15% of our portfolio in cash, 7% of that in a HYSA or money market, the other 8% in metals. Lose one and you are not crippled.