Take a look at the run-up in silver in the 70's, I think it was the 70's, a lot of people got burned when it came tumbling back down. I have not been following the markets much, but with the various artificial run-ups going on right now, you have to wonder is it just a pump and dump for metals, like for the gamestop or for Hive?
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It's an alternative method of holding cash for me primarily and I'm not a buy-sell sort of dude...More, buy no sell really. 😁
Faith was all about increasing our holdings and I wasn't about to shoot her down, it's cool she's getting involved as usually it's my thing and she just leaves me to it.
To be honest I think the recent increase will come back somewhat, maybe not all the way back, but a little... Considering it's unlikely I'll sell any I'm ok with that. I'll just buy a little more. Last year sucked as supply wasn't there and I'd lost 20% of my income because of the pandemic so I'm getting back on track this year. With kilograms.
Eventually I'll sell it all though, to help furnish my life in retirement, or maybe to fund some of that year off we're planning? It'll get used eventually and $100USD/ounce will be welcome at that point. 😉
!ENGAGE 25
A cost averaging thing is not a bad way to go and as part of a retirement account it make a lot of sense.
I'm closer to retirement, and end of life, than I used to be...It happens. And so I have to think logically and pragmatically. I feel we have a reasonable strategy although if you have a spare million to offer me I'd not say no to it. 🙄