Keep enough buffer fiat to live, but stock up on Physical Silver while You still CAN 💕
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Keep enough buffer fiat to live, but stock up on Physical Silver while You still CAN 💕
Is 5kg enough?
There's no simple answer for a question like that. What are your needs, how many dependents do you have, how much income and savings do you have, how risk-averse are you, etc. etc.
I know, I was just curious about your use of "enough".
Well, general thoughts:
You'll want enough for daily use, shopping, unexpected expenses, and so on, but for how long? A month? A year? A lifetime? You've got to decide about that on your own. Clearly, how much wealth you have available will be a major factor in your decision.
You'll also want something for savings as opposed to just daily living. If you have wealth beyond being able to eat paycheck to paycheck, and if you don't expect the fiat we now use to survive, how will you protect your savings?
Plenty of other things can be used for that (ammo, vodka in glass bottles, etc -- anything there's a strong market for and which doesn't go bad) but precious metals have stood the test of time for a reason, and thus deserve strong consideration. Having a mix of assets is common advice.
dependants
You're welcome.
50oz per person minimum
Well, 5kg is about 160oz, so guess I'm good. Btw, how did you get at that minimum amount?
A few years ago I saw a video where a guy broke it all down. It seemed to make sense at the time. He was using numbers from the depression and relating them to our situation with the massive debt. Just know that every bank in the US and maybe the western world is backed by a very small amount of silver and plenty of silver paper. When it explodes silver will rise faster and further than bitcoin. (I Hope), haha. I was there when the hunt brothers tried to corner the silver market. That was just the fake media. They were trying to expose all the corruption in banking. I've been planning a long time for what appears to be happening now. Good luck.
When you say "faster and further than bitcoin"........is that hyperbole, or is there some metric that leads you to believe that will be the case?
Hoping you're right, fren.
I've seen various answers on the "how far will silver go" question. Not sure which one is most accurate.