Somebody can fact check this but...Warren Buffet doesn't own PM's now but used to own 40 million ounces of silver. I don't play in that space, cause I ain't gonna play chicken with billionaires.
elimination of non-mortgage higher interest debt should take priority over any PM investments. Your savings from paying off the debt will outweigh any PM short term gains and provide you with more funds for later PM purchases.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
10% on average seems about right, currently sitting upwards of 25% but not necessarily by conscious decision. No doubt those dollars would have better served in the market but I can only bring myself to sink so much into the great Ponzi scheme. I do count all Pre 33, slabbed, rare, MS etc. as "bullion" when calculating total value.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'm guessing the article was from a gold trader site and anecdotal. Gold is generally not where the uber rich put money for safety. If they actually are, then buy bullets because the end is nigh!
Found the article - Yahoo News so take it for whatever it is worth...
Just a handful, and just for fun. If I listened to all the doomsday sayers over the past 4+ decades, I'd have far less than I would now. But hell, I could have sat in the corner counting my pile of PM's, waiting for Armageddon.
I chose living and other fun pursuits. Worth far more than a nice stack.
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2% of what?
Once it got too heavy , I'm like,
"that's enough silver"
Even gold and platinum get bulky in amounts big enough to matter much
Copper in the form of pennies or novelty bars, i just dont get
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Somebody can fact check this but...Warren Buffet doesn't own PM's now but used to own 40 million ounces of silver. I don't play in that space, cause I ain't gonna play chicken with billionaires.
elimination of non-mortgage higher interest debt should take priority over any PM investments. Your savings from paying off the debt will outweigh any PM short term gains and provide you with more funds for later PM purchases.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
Yep, a number of inverse ETFs allow you to short various PMs. some of them offer 2X or 3X leverage.
If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong
10% on average seems about right, currently sitting upwards of 25% but not necessarily by conscious decision. No doubt those dollars would have better served in the market but I can only bring myself to sink so much into the great Ponzi scheme. I do count all Pre 33, slabbed, rare, MS etc. as "bullion" when calculating total value.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I used to store gold in 55 gallon drums, but getting a heavy rated fork lift was problematic, as they all leak oil on the white granite floors.
The problem with owning Amazon is that you have to keep buying lots of gold to maintain an even percentage. Which goes back to the first problem.
Found the article - Yahoo News so take it for whatever it is worth...
https://finance.yahoo.com/news/gold-high-net-worth-wealthy-hoarding-physical-gold-morning-brief-111534226.html
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I have a large hoard is all I’ll say. I buy large amounts when it’s low and hold it. I have always done really well with PM’s.
Just a handful, and just for fun. If I listened to all the doomsday sayers over the past 4+ decades, I'd have far less than I would now. But hell, I could have sat in the corner counting my pile of PM's, waiting for Armageddon.
I chose living and other fun pursuits. Worth far more than a nice stack.
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