Anyone else stocking up on silver now?
- •Just closed out another tranche of those APMEX 100oz bars, got 'em for a decent premium all things considered.
- •Been building my silver hoard pretty consistently this year, especially after seeing how quickly things can unravel.
- •My portfolio's always leaned heavily into precious metals, probably over 40% of my 3 million is in physical and paper gold/silver.
Just closed out another tranche of those APMEX 100oz bars, got 'em for a decent premium all things considered. Been building my silver hoard pretty consistently this year, especially after seeing how quickly things can unravel. I mean, after 30 years on the Street, you get a good nose for these things, and the current economic tea leaves are looking a lot like '08, just without the subprime smoke and mirrors this time.
My portfolio's always leaned heavily into precious metals, probably over 40% of my 3 million is in physical and paper gold/silver. I know some folks think that's too conservative, but frankly, I’ve seen enough cycles to know when to batten down the hatches. This isn't about getting rich quick, it's about preserving wealth during what I suspect will be a pretty nasty downturn. The Fed keeps trying to jawbone us into believing everything’s fine, but out here in NYC, you can practically smell the uncertainty in the air.
I hear some pundits talking about silver as "the poor man's gold," but I've always seen it as a crucial industrial metal with increasing demand. Diversification is key, even within the precious metals space. What's everyone else's strategy looking like right now? Are you leaning more into gold, platinum, or, like me, seeing the undervalued potential in silver at these levels?