cravethatcoin

7 hours ago, Silvistone said:

Fortune and freedom are tell us that the property market has reached its limit and now a bad invetment

Do you think any companies that float stocks on the market will do well out of this resestion?

People have been saying the same for the last 30 years, it's never been true. If you believe it's better to go all in on metals that's a huge mistake.

I am not a property investor, I count my house equity as part of my net worth which is where I got the 60%. I tend to agree that those who have BTL with high leverage are going to be in for a huge shock. However in my case the house I purchased has been the best financial decision I've made. I have a £500/month mortgage, the price to rent the same house next door is now £1250/month, it was around £850/month pre covid. While a house is not technically a asset I count is as one in my case as I have a much cheaper living cost and I'm building up equity. I don't make a return like an asset but I make a substantial saving vs renting the same house.

Yes I believe the majority of business will proper as they always have. Those that fail will be replaced by new businesses, some of the best businesses were created during recessions.

The question is if you believe it's going to be a disaster for businesses then surely silver is going to see a huge decrease in demand? Not to mention both metals prices are manipulated anyway. Now I've reached my insurance goal of metals I'd rather hold the rest of my wealth in stocks (indexes) and work to pay off my mortgage.

11 hours ago, Silvistone said:

Can I ask you (if you dont mind) what ells do you make up the rest (80%) of you portfolio?

Stocks, property, crypto. I'm 60% property

There is no right or wrong answer to that as it's going to depend on your own portfolio, expectations, investment style, wealth, age etc.

Personally I like 10% silver, 10% gold. I see that as great insurance without limiting other opportunities. Both silver and gold while they are precious metals have very different advantages/disadvantages so I think they complement each other.

I think it's risky to go all in on any asset so i like to limit all of my investments.

6 minutes ago, Happypanda88 said:

 

Far better in 2015 LOL !! 😎 

Indeed it was! I am not complaining though. 50% tax free return in 6 years based on spot alone. Adding premium much higher. Also sitting on silver Birtannians I purchased at £16 each.

I would say it's too hard to make a recommendation as it would depend on your situation, goals, expectations, risk tolerance etc.

If you are heavy in crypto and low in metals then maybe it makes sense. If you have a good balance and can afford to risk the investment it's not a bad time to hold onto crypto. Certainly far off the highs.

I also use a spreadsheet. Nice and simple, see attached for a example of my spreadsheet (needless to say good times in 2016).

It's nice to look back on old purchases and see how they have performed.

I've been stacking since 2011 and have never experienced a time when I couldn't buy silver/gold. During the start of Covid there was certainly supply chain issues. A lot more demand and lower supply but other than that it's been consistent. Not sure if this is the case with other dealers/countries though.
 

Looking at the chart it looks very volotile. Also up very slightly on the year.

I'm also looking to get into mining stocks but some of the others are up 80% on the year so will pass for now.

4 hours ago, mr-dead said:

people where throwing $19k to buy a bitcoin so don't be so sure

My comment was referring to people not paying that right now for gold.

They were indeed, but Bitcoin and gold are not the same thing. Bitcoin had a huge buzz about it back in 2017 and people thoughts they were going to become millionaires by buying it. No one has ever had that impression with gold because it's a different kind of investment. I think most of the people including me buy gold for safety and to retain as much purchasing power as possible overtime.

The issue with comparing it to the debt is that we aren't on a gold standard so it's not relevant.

The price of gold is worth what someone will pay for it. Right now I think $2000 is about what someone would pay for it. No one will spend $10,000 or even $5000 for 1oz of gold.

Congratulations!

This prize draw is quite a cool part of the forum.