Silver is up 30% in the last 3 months

Yeah, I'm not advocating to go out and buy any, just looking to see if this could be forecasting other moves in the market.

I own 60 ounces of physical silver in eagles that I was able to pick up for less the $15 each, but probably will never sell them. Like you said, the premium when you buy and the discount when you sell is just stupid.

exactly lol at anyone with gold in venezuela. The basic premise of all the goldbug forums is that in a SHTF situation, like venezuela, you can barter with your gold. LOL if some guy tried to trade me his gold bar for a loaf of bread in venezuela id take my gun and take his gold and his clothes and the man would be naked on the streets of caracas

Damn, just checked it and it's hoovering around 19.5. Got involved with it back in 2011. I think I need to get to 22.5 to break even.

The rhetoric back then was "100 ounces of silver to buy a house". My arse. I can't even buy a decent front door with 100 ounces now.

It's seem prudent, and a balanced portfolio, to own 100% of what you are anticipating to retire with in the form of intangible paper. We all learned this when we owned some high yielding bonds back in 2009. And various other time throughout history, which always seems to repeat itself.

Outside of people's personal residences, this is precisely what the majority of people do. All the while claiming to have a balanced portfolio. Usually, heavily weighted with one assets class. Equities.

Certainly many advisors recommend to never take possession of a commodity or tangible asset, strangely making an exception for owner occupied real estate. As if the sale of owner occupied real estate wouldn't necessitate replacement if you actually needed a place to live.

But most advisors that seem to balance capital preservation along with growth do recommend broad asset classes, including precious metals. I don't see many recommending having high percentages allocated, but most seem to recommend some small percentage.

So I guess someone on here is going to need to explain to me how my taking possession of silver, at price points as low as $6 per oz, is foolish, given the relatively short time period the value of this at current spot, less resale premium, is over 3X what I had paid for it.

Or how I am foolish owning at least some percentage of many asset classes.

Or how it is logical to make the argument that my house is a growth investment asset, becuase if I sell it, wouldn't I need to somehow pay for replacement housing? Notwithstanding that I could downsize, and show some sort of realized gain. After expenses of two transactions. Which make the premium of silver seem pretty slightly more acceptable.