To keep things in perspective regarding the issue at hand, 15 % of your "wealth" portfolio is enough to protect the wealth thereof. Investing in silver (or Gold) for example, for the sake of acquiring profits is another issue. Of course speculation in Gold, Silver or other precious commodities will reap you profits provided you know what you are doing.
i disagree with 10-15% net worth... i believe your entire savings should be in silver/gold and whats left over in your checking acct to pay your bills... just my humble opinion :)
@chrisiden1 Humble as you may be, you are also wise. I agree 100%. I have been buying silver since it was $14.50/oz. I have almost tripled my $. I'm presently selling my depreciating home, ooouch, to invest my money in silver. I'll rent until the crash, then buy a house at GREAT depression prices. It's a no brainer. Look at what the billionaires and bankers are buying. They're all into PM's.
@luckydoug : About 15 % to protect your wealth value with. Apart from that, you might want to purchase more to make a profit with. Again; you have choice. Remember though, Silver is the more volitile metal and prices fluctuate. It can drive you crazy BUT if you have the patience and the nerve to roll with the punches, you can do well.
I know a very big strong guy who has soo much silver in a big solid chest, he can't even lift one end of the chest off of the ground at all. What in hell does he do when the SHTF?
@32937isready ... Just place it all in a safe place or ten, and wait out the storm. I suspect, that thieves will be on the roam as the system breaks down and they will want to rob people for their metals. An investment in a good quality shot gun and learn how to use it ( just point and fire) would be a sound piece of advice too !
@ovechkin100 Only time will tell if you did good or not.......I wouldn't consider that good unless silver goes up and it's withering away right now.... Very depressing!!
@kcrone1 ...Remember; Silver is a very volitile precious metal. It is like a "Roller Coaster" ride regarding price fluctuations, unlike Gold which is th emore stable of the two. I think the old adage: "All things come to those who wait", would adequately apply. There is no two ways about it, the Global economy is IMploding and paper $ will be come worthless ( I suppose you could ultimately, use paper $ to kindle a fire with to keep warm or use it in the place of toilet paper ).
I want to spark a debate about .925 coins and .999 coins. Obviously, .999 pure is more valuable than .925. However,...to acquire .999 you have to pay huge premiums. So let's start the debate,..at what point or price should one settle for .925 instead of .999? Where I live,..to acquire .925 I pay only about $2 above spot price,....no premiums no taxes,..very cheap. To buy .999 you pay almost double spot price including premiums, commissions, taxes and having to give ALL my personal info
Somwhere I heard you need $100,000 in PM's and that was said when Silver was $20 and Gold was $1200. My goal is to have 250K in Precious Metals by next year. Should have about 50% gold and 50% silver.
why only 10-20%??? If the point is to hedge against inflation, and if inflation rises the price of metals....Why wouldn't you want to keep 70-80% so you can profit off of hyper inflation?
@RJAE100 I think it's if the central banks decide to stop fucking up the economy and interest rates, people will save in banks instead of gold due to attractive interest rates. Property should be a huge chunk i think, but not many can afford property
To keep things in perspective regarding the issue at hand, 15 % of your "wealth" portfolio is enough to protect the wealth thereof. Investing in silver (or Gold) for example, for the sake of acquiring profits is another issue. Of course speculation in Gold, Silver or other precious commodities will reap you profits provided you know what you are doing.
orbitring 1 day ago
i disagree with 10-15% net worth... i believe your entire savings should be in silver/gold and whats left over in your checking acct to pay your bills... just my humble opinion :)
chrisiden1 1 week ago 3
@chrisiden1 Humble as you may be, you are also wise. I agree 100%. I have been buying silver since it was $14.50/oz. I have almost tripled my $. I'm presently selling my depreciating home, ooouch, to invest my money in silver. I'll rent until the crash, then buy a house at GREAT depression prices. It's a no brainer. Look at what the billionaires and bankers are buying. They're all into PM's.
Silver is the investment of the century.
Keep on stackin!
Oh, & invest in a big gun.
mkmason2002 4 days ago
PAPER MONEY LOSES VALUE EACH YEAR
kn9ioutom 2 weeks ago
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____ SILVER_SOUND_MONEY______ CAN RETURN_____ RONPAUL.2012
____ SILVER_SOUND_MONEY______ CAN RETURN_____ RONPAUL.2012
____ SILVER_SOUND_MONEY______ CAN RETURN_____ RONPAUL.2012
____ SILVER_SOUND_MONEY______ CAN RETURN_____ RONPAUL.2012
SilverNowPeople 3 weeks ago
My net worth is around negative $30,000. How much physical silver should I own?
luckydoug 3 weeks ago
@luckydoug LoL, hell double down, put $30K into silver brother!!!
kcrone1 1 week ago
@luckydoug : About 15 % to protect your wealth value with. Apart from that, you might want to purchase more to make a profit with. Again; you have choice. Remember though, Silver is the more volitile metal and prices fluctuate. It can drive you crazy BUT if you have the patience and the nerve to roll with the punches, you can do well.
orbitring 1 day ago
I know a very big strong guy who has soo much silver in a big solid chest, he can't even lift one end of the chest off of the ground at all. What in hell does he do when the SHTF?
32937isready 3 weeks ago
@32937isready ... Just place it all in a safe place or ten, and wait out the storm. I suspect, that thieves will be on the roam as the system breaks down and they will want to rob people for their metals. An investment in a good quality shot gun and learn how to use it ( just point and fire) would be a sound piece of advice too !
orbitring 1 day ago
i make 58 000 a year, and i have over 6000 worth of silver right now from buy in 1 year! wow i did good : D
ovechkin100 4 weeks ago
@ovechkin100 awesome budget
MyLineageII 2 weeks ago
@ovechkin100 Only time will tell if you did good or not.......I wouldn't consider that good unless silver goes up and it's withering away right now.... Very depressing!!
kcrone1 1 week ago
@kcrone1 you need to go outside and take a look around. this is NOT about the price of silver going up... come on now get with the program!
ovechkin100 1 week ago
@kcrone1 ...Remember; Silver is a very volitile precious metal. It is like a "Roller Coaster" ride regarding price fluctuations, unlike Gold which is th emore stable of the two. I think the old adage: "All things come to those who wait", would adequately apply. There is no two ways about it, the Global economy is IMploding and paper $ will be come worthless ( I suppose you could ultimately, use paper $ to kindle a fire with to keep warm or use it in the place of toilet paper ).
orbitring 1 day ago
This has been flagged as spam show
I want to spark a debate about .925 coins and .999 coins. Obviously, .999 pure is more valuable than .925. However,...to acquire .999 you have to pay huge premiums. So let's start the debate,..at what point or price should one settle for .925 instead of .999? Where I live,..to acquire .925 I pay only about $2 above spot price,....no premiums no taxes,..very cheap. To buy .999 you pay almost double spot price including premiums, commissions, taxes and having to give ALL my personal info
cloudskipper40 1 month ago
Somwhere I heard you need $100,000 in PM's and that was said when Silver was $20 and Gold was $1200. My goal is to have 250K in Precious Metals by next year. Should have about 50% gold and 50% silver.
Backtalk2u 1 month ago
@Backtalk2u You could buy a house for that much!
dyingtolive123 1 month ago
why only 10-20%??? If the point is to hedge against inflation, and if inflation rises the price of metals....Why wouldn't you want to keep 70-80% so you can profit off of hyper inflation?
RJAE100 1 month ago
@RJAE100 I think it's if the central banks decide to stop fucking up the economy and interest rates, people will save in banks instead of gold due to attractive interest rates. Property should be a huge chunk i think, but not many can afford property
dyingtolive123 1 month ago
500 ounces
charliehelyes 1 month ago
How about as much as I can get? I'm not stopping at 15% if I had that option.
bratlert 1 month ago
WHAT?
Where do you get off putting limits on how much of anything anyone SHOULD own?
That has a familiar communistic sound to it. It shouldn't even be a question.
onepoundpull 2 months ago
@onepoundpull There's nothing communistic about a suggestion, especially when it is in terms of percentage and not magnitude.
mrrobotica 1 month ago
100oz per home
superhawkn 3 months ago