Is now the time to stack? I might have FOMO

[McNoobie]

I've started stacking again (after selling all I had several years ago when the price was dropping like a stone 😐 ) and I've got less than 50 ounces. Is now the time to buy with the price going up at an alarming rate? Or should I wait to see what happens?

[TheShinyStuff]

Toss a coin. Heads buy, tails wait...

[Pete]

Absolutely time to buy when you have enthusiastic sellers lined up queuing to take your money.
What would you like and what are you prepared to pay ??
 

[StackerCollector]

Depends on your end goal, situation and income I guess. Do you want to have silver/gold to protect your money from inflation? Do you want to invest in pm long-term until retirement? Do you have enough savings on the side so you will never have to sell your pm in case of an emergency?

 

[TheApe]

Just buy a little every week or so.

I personally think PM's have a way to run. But FOMO is usually a terrible sign you are making bad move.

[DarkChameleon]

The price just fell back in a way that seems to say its going to rise further..its like asking if gambling is ok right now, its all a gamble, id say if you sold before could you sell there again and if so how much did you get, is it worth stacking to sell for the same percentage next time?, if your just investing then save up and buy an etf with your money, you know the cost and the sell, no collection thrill or prepper kick but its a set and easy way in and out.

[McNoobie]

8 hours ago, StackerCollector said:

Depends on your end goal, situation and income I guess. Do you want to have silver/gold to protect your money from inflation? Do you want to invest in pm long-term until retirement? Do you have enough savings on the side so you will never have to sell your pm in case of an emergency?

I'm thinking of using PMs as a hedge against inflation due to all the money printers going BRR at the moment. I have enough savings that I won't have to sell PMs in an emergency. And long or short term is fine as long as I can either make a profit of some sort or at least not lose anything.

And I no longer have FOMO. I got that under control!

[HillWalkerDundee]

I'm using PMs as an inheritance. I know exactly the average price per ounce, per coin and it is tucked away for the grandkids labelled The Emergency Fund, not to be opened until Armageddon.

[Roy]

5 minutes ago, HillWalkerDundee said:

I'm using PMs as an inheritance. I know exactly the average price per ounce, per coin and it is tucked away for the grandkids labelled The Emergency Fund, not to be opened until Armageddon.

But it will never be opened....they have been told by Grandad not to trust adults 😉

[HillWalkerDundee]

Lol. So very true. Don't ever trust grown ups.

[Pete]

3 hours ago, HillWalkerDundee said:

I'm using PMs as an inheritance. I know exactly the average price per ounce, per coin and it is tucked away for the grandkids labelled The Emergency Fund, not to be opened until Armageddon.

With all the government borrowing, massive debts and the damaged economies with more bad news still to come, how many years will it be before the tax collectors ( robots probably ) come knocking and ask you to hand over your stash ? Keep it well hidden !!

[HillWalkerDundee]

Lol. So very true. It is all physical with me. If they want it, it is under the cairn at the summit of Nevis, honest guv, trust me, I'm a grown up.

[HillWalkerDundee]

Mind you, i am thinking of doing a trip to the charity shops 

[DarkChameleon]

7 hours ago, HillWalkerDundee said:

I'm using PMs as an inheritance. I know exactly the average price per ounce, per coin and it is tucked away for the grandkids labelled The Emergency Fund, not to be opened until Armageddon.

So the first sports car tol ook nice but be a rusty wreck in reality then...lol.

[DarkChameleon]

4 hours ago, Pete said:

With all the government borrowing, massive debts and the damaged economies with more bad news still to come, how many years will it be before the tax collectors ( robots probably ) come knocking and ask you to hand over your stash ? Keep it well hidden !!

Theyll be turning up to your house with a metal detector, gpx5000 2040 version...lol.

[HillWalkerDundee]

4 hours ago, DarkChameleon said:

So the first sports car tol ook nice but be a rusty wreck in reality then...lol.

I dont get emotionally attached to pieces of tin (well, except my Rover 75s). I buy them third hand, run them into the ground and bin them. Current piece of tin as a run about is a 15 year old Honda Jazz. Boot doesn't unlock. Ignition is dangling and needs two keys to start it. :-). I won 't spend good money on a rapidly depreciating asset.

[DarkChameleon]

7 hours ago, HillWalkerDundee said:

I dont get emotionally attached to pieces of tin (well, except my Rover 75s). I buy them third hand, run them into the ground and bin them. Current piece of tin as a run about is a 15 year old Honda Jazz. Boot doesn't unlock. Ignition is dangling and needs two keys to start it. :-). I won 't spend good money on a rapidly depreciating asset.

Was on about your grandkids, not you.

[DarkChameleon]

Just now, DarkChameleon said:

Was on about your grandkids, not you.

Im the son of a former junkyard owner, my first car was an austin 1300 and had angleiron to stop it cracking like an egg..i could put my hand through the gap running right across the car ....my dads car was a rover 2000tc 

[Roy]

5 hours ago, DarkChameleon said:

I'm the son of a former junkyard owner, my first car was an Austin 1300 and had angle iron to stop it cracking like an egg..i could put my hand through the gap running right across the car ....my dad's car was a Rover 2000tc 

Are you Bill's lad?! 😂

(yeh, I know it's a P6 😉)

[HillWalkerDundee]

5 hours ago, DarkChameleon said:

Was on about your grandkids, not you.

Lol. They will no doubt be using some wimpy autodrive piece of plastic electric tat bought off Amazon for £1,000,000 in fiat rubbish with a vegan burger thrown in as an enticement.

[Rocky2000]

If there is a significant dip I’m getting ready for my last ever large purchase 

 

but just because the paper price dips doesn’t mean the real silver price will

[HillWalkerDundee]

3 hours ago, Roy said:

Are you Bill's lad?! 😂

(yeh, I know it's a P6 😉

 

8 hours ago, DarkChameleon said:

Im the son of a former junkyard owner, my first car was an austin 1300 and had angleiron to stop it cracking like an egg..i could put my hand through the gap running right across the car ....my dads car was a rover 2000tc 

The Rover 2000, the working man's Rolls Royce. A brilliant car.

[HillWalkerDundee]

20 hours ago, DarkChameleon said:

Theyll be turning up to your house with a metal detector, gpx5000 2040 version...lol.

I think they may well run into a problem with most metal detectors. We are talking with the local Council to develop some land so we can self build our forever home using steel shipping containers. 🙂

[DarkChameleon]

8 hours ago, Roy said:

Are you Bill's lad?! 😂

(yeh, I know it's a P6 😉)

Ill have you know i loved the gaffer...lol....no..but i never wanted for some death trap to drive in, if there was two weeks left on the tax that that was used and abused till the day of the crusher.

[Roy]

Lol! Those were the days, it didn't matter if you had an MOT or insurance, all that mattered was Tax.

Remember, this is before the Police had SCMODS