quote author=philipma1957 link=topic=178336.msg62819778#msg62819778 date=1694272121]
I grabbed some silver.
I am stacking more btc.
Why silver? Physical silver comes at a premium you can't recover - it's nearly CA$10 an ounce on ounce coins right now (25%) and you'll get spot when you sell unless you're brave enough to do it privately but it's not worth the risk imo. Are you a closet prepper Phil?
I buy from sellers I know on btc talk
I grabbed 40 oz for 988.
which is 24.65 an oz
just A bit over spot.
I am looking to have four investments
silver
btc
fed bonds
real estate.
I do have some of each along with mining income and pensions.
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It's nice to have trusted sellers here and that's a decent price. I'm still choking on silver I bought when my eldest was born... my thought was that it would cover a year's post-secondary tuition acting as a hedge against inflation. Nearly every stock index has done least 3x since I bought that silver. I would have been better off to pay my mortgage down... or put it into almost anything else but it's pretty and shiny. Likewise it's just a part of my investment mix. Maybe the next 5 years will be good for precious metals and bitcoin.
@jojo ha!
Brass and lead should always be part of any investment strategy; especially when you're the bank.