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Anyone stack silver?
Posted on 6/5/20 at 8:55 am
Posted on 6/5/20 at 8:55 am
Over the past few years I have started collecting silver in small amounts, but with the uncertainty with COVID I made a 10k investment in silver. I bought several 100oz bars and lots of small 1 and 10oz bars plus some bag "junk" silver coins.
Anyone else invest during this time? Anyone have a reason to not invest in silver? The price is very steady at the moment and I am hoping for another bump in silver prices.
Just looking for any other silver suckers like me.
Anyone else invest during this time? Anyone have a reason to not invest in silver? The price is very steady at the moment and I am hoping for another bump in silver prices.
Just looking for any other silver suckers like me.
This post was edited on 6/5/20 at 9:34 am
Posted on 6/5/20 at 9:27 am to Vood
I’ve stacked silver and gold 1 ounce coins since 2007. It’s not a huge position, probably 250 ounces of silver and 22 ounces of gold. I haven’t bought silver in probably two or three years now but will buy an ounce of gold only about once a year. I’ve finally learned to not bet against the Fed. Because while I still believe that inflation could be a real problem in the future, the WORLD is in a race to the bottom to devalue their currencies. One of them has to be reserve currency, why not still US dollar on top?
The budgeted money I’ve dumped in G&S have been allocated to equities, even more so since March. I’ll probably keep going in that direction.
The budgeted money I’ve dumped in G&S have been allocated to equities, even more so since March. I’ll probably keep going in that direction.
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