We sold our house 6 weeks ago or so ago (significant cash out) and moved across the country, and we decided to rent for a bit and gamble that the market would collapse more. But we hate renting and we are already capitulating and putting an offer on a house we found and love. Even with our cash the mortgage will be about the same as before, due to the interest rates. So now we will be gambling that the interest rates will not continue up for long, and that they will decrease below their current level within a couple years. It feels wrong from an investment perspective, but it feels right from a life decision perspective, and it feels right from a security perspective (owning a place we can secure, and where we can grow a garden, etc.), and in the event of a currency crisis it would be bad to be super long cash. Side note: we don't have kids or pets, so it's just my wife and me; and we both have family nearby.
What would you do? And why?
I have silver, but I wish I would have bought so much more before the premium went up so high. I'm fixing to potentially get an /SI contract though, if I'm lucky enough to get one last rooster tail down.
However, read The Last President (Ingersol Lockwood) when you get a chance. In the end, silver goes sky high, and then collapses, and then gold soars. I'm certain those books by him are more than just some meaningless novels.
No I just mean the premium; the difference between the spot price and the coins. For example, the spot price is like 19 bucks or so, but it costs about $37 to get a silver eagle. Just a few years ago if the spot price was $19 a silver eagle would've costed $23.