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cravethatcoin

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  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
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