Keep enough buffer fiat to live, but stock up on Physical Silver while You still CAN 💕
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (13)
sorted by:
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.