Mods - I believe this question is relevant because I don't know if our US Dollar will be the Worldwide Reserve currency after this is all over. Or if any current currency will be.
I do believe that Gold and Silver will retain their value no matter what we end up with so this brings me to the question. If you had $50,000 to buy Gold and Silver, what would you buy? All Gold? All Silver? 50/50 or some other combination.
Right now the premium on buying Gold is 4-6%, and silver is 15-20% if not more due to who the fuck knows. Probably because Silver has more potential to jump quickly. I'm not talking about getting rich though, I'm simply talking about holding value in uncertain times. I know a lot of you feel the same about precious metals and wanted input from people that realize Fiat currency doesn't last forever. My financial guys don't quite get it, they seem to think that the current dollar will last forever. I don't. Biden and the Fed is printing it into obscurity.
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20% Gold 20% Silver 20% GME 20% AMC 20% Cryptos
@ u/Saint_Duck
AMC will likely squeeze, but it will almost certainly pale in comparison to the GME squeeze for two reasons.
I am not saying AMC is bad. I think it is also a sound short term investment, but GME is an amazing short term and very, very good long term investment so is the clear choice at this time.
Cryptos are fiat currency backed by faith. When faith fails (and faith will fail eventually) they will be worthless. That doesn't mean there can't be short term gains made there, there can, but long term any crypto not backed by a physical asset will be worthless.
My advice is buy 40% GME, 10% Gold and 50% Silver.
If and when we go back on the PM standard silver will go back to being worth about 10% of gold by weight (instead of the 75:1 currently). Gold will also almost certainly be worth more in real buying power (maybe x5 or x10 of current) but silver will approach x30 or more. It is sound to buy both however.
GME is almost certainly the best investment you can make atm. You have to do non intuitive things with it to gain the most from it however. If you go that route I recommend reading r/superstonk. Click on the DD tab on the side and have at it. Learn all you can about it. Its really quite fascinating.
Just a matter of time!
AMC = Hollywood = CCP. I'm not giving those fuckers a dime!
100oz bars of silver aren’t as liquid and tradable as 1oz silver coins. IMO.
Agreed!
Yeah but you still want some small pieces for barter if SHTF, can't easily slice off little bits of your kilo bars. I'd say have have at least 100 of 1oz pieces and then focus on bigger bullion for the rest.
Plus you're holding a bit of history with a nice roll of Mercury Dimes.
Well 50k of silver is a LOT of silver. You’d need somewhere to keep it. I believe silver to be the better long term investment as it is currently devalued greatly given the mining and consumption rates, as well as the historical relative value to gold. (Consider the fact that from the Roman Empire, to the industrial revolution, the standard day’s wage for hard labor was 1/10 oz of silver).
But for me, 50k of silver would be too much. Given my space constraints I’d max out at 1k ozt silver (~$30k), and the rest in gold. Depending on how much space you have for keeping it, you may increase or decrease the amount of silver. It is worth noting that in the case of a collapsed currency, it will be much easier to trade silver on a normal transactional basis than gold.
All of that said, if you have 50k to invest, and don’t have any other investments, I would advise against putting everything into precious metals. Hedge your investments. Personally I like to keep a small amount in ETH, a bit in precious metals, and a good chunk of it in land/real estate ownership / high yield investments. Many would replace the crypto with or just add to the list stock market investments, but I just have an aversion to stock trading.
I had rather a lot of silver stored in some of these chests before my boat sank. The large chest will hold 50k silver at today's prices. I had the smaller two and they combined can hold more than 1000 oz in coins bars and jewelry. They are custom made for stackers and are quite sturdy as well as stylish.
https://www.3ja-gifts.com/%22slacker%22-coin-chest-3-sizes
Edited to say that only a stupid ape would store that much silver in pirate chests at home, even if it is awesome. I snort crayons and glue and don't give financial advice.
Don’t forget mining stocks.....dirt cheap right now.
Im doing $1k a month to gld/slv/urnm/lit/gdxj/silj pretty even split, $500 a month of real silver eagles and a 1/10 gold eagle, and $500 a month Solana, which I think is going to eat Ethereums lunch. BTC still has some value as digital gold imo but SOL is going to $1k and my crypto buy is for gains.
I also recently got a 10% jumbo and clawed and fought my way into my first house. Would recommend getting some property. Its a nightmare though. Look off the beaten path. We ended up with waterfront near Lake Tapps only 6% over by realizing I can take a train and didn’t need to compete in Seattle.
DISCLOSURE: I am an ape.
It really depends on your strategy. And given your question you are doubting.
What you call USD is Federal Reserve Note. The current dynamic as I understand it relating to gold and silver, is that the SPOT prices are being used to prop up the Fed Note.
They are once again trying to establish the petro dollar, thus creating artificial demand. With the artificial demand, the price of the dollar increases against other currencies.
By creating inflation, a interest rate hike is in the works. thus creating an artificial demand for dollars. allowing it to rise against other currencies.
A regulatory framework is in the works for crypto, to suck it into their system, they control. So, for the short term crypto may sound like opportunity to make a couple of bucks.
The Great Reset is in the works. It requires a transport from the current system into something more controllable, where normie access to the system is heavily curtailed for their own protection (you'll own nothing and will be happy)
The spot prices are not the reflection of the true price. Meaning, your exchange now for say 1880 FRN + 6% premium for an T.ounce, is a bargain. The same goes for Silver, just below 28 FRN+ premium.
Whatever you therefor choose to buy, whether gold or silver, HOLD, HOLD, HOLD.
This is your insurance policy.
Some say, you would do well to put 10% in precious metals. I dunno. If the whole system goes to shit, expect the SPOT-price to go down as well, but the premiums would then skyrocket. So, the current price is a bargain, and even IF the spotprice would go to zero, it is totally irrelevant as it is about the physical on the open market: what are people willing to give.
Currently I have 25% in PM, looking to increase that to 50%.
But I also consider alt stable coins. Like those of the Perth Mint. Two advantages. 1. They are ready to be used within a payment system. Two: I can request delivery for the coin amounts, because they are 100% tokenized gold and silver. Why, because I intend to setup a roadmap from crypto to PM and vice versa.
A portion may be allocated to prepping. If you have not already done so, consider your vulnerabilities and remediate. You could even consider cutting yourself loose of the energy companies by researching and building a reasonably simple generator to power your house (21 odd kW, with a flywheel, an electro motor to spin it, and an altenator) I belief there are systems out there between 2 - 5000 dollars. And with the rising oil prices/ energy prices combined with the insecurity of delivery, this may be a great investment, as it will safe you dependency and money.
on the other hand, there are some tiny funny specs to look at. In those terms, I would consider to put a few hundred in GME and lay it aside. Just for the fun of it and let's see what it does. Just consider that GME in the past 6 months has gone from 90 to anywhere now. I would expect a little pullback in the 280 - 260 range in the coming days/ weeks. So, there may be a nice window to acquire a couple of stocks. And then hold, hold hold. whatever happens. Just to fuck the hedgefunds sideways and see it may be double to quadruple. If you want to know more about it, as to why and how this works,
https://wherearetheshares.com/
Geared towards GME: simply do a search here.
The problem with taking delivery of the physical metal is storing, protecting, and using in a worst case scenario. Most precious metals mutual funds do not hold the metal, but rather hold stock in mining companies.
If you are worried about the worst case collapse of the U.S. economy I think land that is paid for and that you can farm makes much more sense. You can't eat gold.
On the flip side if your house burns down you still have puddles of gold and silver!
LOL
Actually a house fire might not even get hot enough to melt silver, just gotta sift through the ashes.
I think the answer depends on why you are buying.
If you are buying for wealth preservation, I would suggest 50 gold / 50 silver for only a percentage of your wealth. Not all of it. Saint Gaudens MS63+ for gold if you want to pay a premium for the rarity. Gold and Silver Eagles if you are looking for just the value of the metal.
If you are not buying for wealth preservation, I would suggest all silver. Silver eagles, morgans or junk silver. You can always trade for gold later if you wish.
Both gold and silver are incredibly undervalued. Both are good wealth storing investments in my opinion and I am invested in both. However, given everything I have learned about the two, it is my opinion also that silver has the greatest potential to increase wealth. My primary go to for gold and silver news is https://goldsilver.com/. The site aggregates news articles from all over the internet regarding gold and silver. The industrial, commercial, and investment pressure on the silver market, make it a time bomb in terms of investment potential. A hard case of WHEN, not if, that bomb will go off
I have listened to Mike Meloney for over 10 years and he has an excellent series called the hidden secrets of money on... youtube (I know, ewww screwtube?) I could not more highly recommend if you want to learn more about gold, silver, fiat currency, the fed, banks, etc...
In most cases, it's a store of value against inflation as said in all the commercials; the proof case is the exchange rate for silver to buy gasoline which remains fairly flat. I've heard steady chatter that silver remains more undervalued, so I'd likewise go heavier on that with a good supply of smaller-denomination chits to barter if SHTF, plus bars of either to hold as a longer-term store of value. Also, a few WSB posters have noted that the funds are manipulated more than bullion, so I'd stick with the latter if you have the means to hold it.