1 ounce silver coins is poo level investing. Firstly silver is shit and secondly you pay a huge premium to the metal value when buying these coins. GLD calls is the chad move, IV is still super low so you can get them cheap.
/pmg/ - Precious Metals General
Jason Stewart
Joshua Diaz
$20k in precious metals, in a post collapse scenario is what we think of today as multimillionaire levels of wealth. You could buy real estate with that, scoop up peoples assets for pennies on the dollar paid in p/m and they'll be happy to sell them to you for that just so they can eat.
Thats worst case scenario, I don't know if it'll get that bad. But best case scenario is they hold their value against inflation more or less and if you get bored in a few years you could sell them an invest in something else.
user, THE WORST THING YOU COULD BE DOING RIGHT NOW IS SITTING ON CASH
We're basically guaranteed at least some quantity of inflation coming any second when (((they))) try to print their way out of the coming/current economic slowdown.
Ask yourself... How much faith in the (((system))) do you have, right now?
Eli Rogers
Should I get the rest gold? I have 330 ounces of silver
Elijah Garcia
reminder that you lose like 20% whenever you buy or sell PMs lol
buy $10K worth of gold and now you have $8k good job retards haha
Charles Jenkins
Definitely. Realistically we will see gold at $1600-3000 in the next 18 months, very little downside. You won't become a millionaire without leverage though, I would get a few calls for leverage, like I said the IV is very low. A jan 2022 at the money call will net you 700% profits if gold goes to $3000.
Elijah James
$GLD
Ayden Edwards
If this happen i unironically take loans and max out my credit card to buy as much as possible in the time frame.
Nicholas Nguyen
Honestly user, if it was my money, I would get 20-30% Gold max, just in case it REALLY moons hard. I'd be 70-80% into silver, in 1 ounce pieces.
I say this because they're easily divisible for small purchases, and unlike what people say, the premiums arent more, or much more than 100 ounce bars. The cheapest 1 oz rounds I found a while back, versus the cheapest 100 oz bars, it was like a $10 or $20 difference between the two, buying 100 rounds or 1x 100oz bar. Get on sdbullion or provident metals (they're usually the cheapest) and look around if you don't believe me.
Its totally worth being able to divide them up. Especially if the government someday makes it illegal or places special taxes on selling bulk silver, which they might define as being more than 50 ounces, or 100 ounces, if things get really bad and they try a power grab as things fall apart.
Then what are you going to do?
If thats too much of a percentage in silver for you fren, maybe get some Platinum. Its a high value metal like Gold, but hasnt increased in price like Gold has. If I didnt want to be 80% into silver, I'd buy:
20% Gold
20% Platinum
60% Silver
Now you have all your bases covered. Small silver rounds for daily transactions, plus bigger "chunks" for larger purchases of bigger assets AND to have all your bases covered if silver underperforms.
Julian Powell
>1 x 2020 Britannia One Ounce Silver Coin = €32.84
>buying anything more than 3€ above spot price
ngmi, your reptilianica shitcoin should be worth 18€ max.
Ethan Harris
my humble stack I just bought for a little over 11k