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Been thinking lately about increasing my ratio of p.m.'s, basically silver. My thoughts are that if I increase my ounce volume (less paper) and just maintain minimum cash for day to day expenses I could always sell off a chunk in a pinch. Thoughts???

wheeler_dealer wrote:Been thinking lately about increasing my ratio of p.m.'s, basically silver. My thoughts are that if I increase my ounce volume (less paper) and just maintain minimum cash for day to day expenses I could always sell off a chunk in a pinch. Thoughts???

That's what I do... have been since 2003. You might consider an emergency fund of a few months worth of bills paying capacity... the "emergency" being if there's a dramatic pullback you can buy more (if you can find it)

wheeler_dealer wrote:Been thinking lately about increasing my ratio of p.m.'s, basically silver. My thoughts are that if I increase my ounce volume (less paper) and just maintain minimum cash for day to day expenses I could always sell off a chunk in a pinch. Thoughts???

I like it, but I still would advise to keep a "rainy day/emergency" fiat stash somewhere. I have about $1,000, because tow truck drivers/ plumbers/ walmart don't take ASE's as payment, and places that could liquify your PM's are closed usually after 12pm on saturdays and on sundays. But besides that......Stack it high my friend!!!

-The Great

beauanderos wrote:That's what I do... have been since 2003. You might consider an emergency fund of a few months worth of bills paying capacity... the "emergency" being if there's a dramatic pullback you can buy more (if you can find it)

Great minds must think alike...

-The Great

I agree with converting more cash (savings) to PMs and am in the process of doing so myself. I have an emergency fund (cash) at an easily accessible location and plan to move funds out of a savings account (embarassingly low interest rate) and into physical silver and possibly a little bit of gold. PMs are easy to liquidate in most cases so the only real issue is potentially taking a loss if the price happens to be down at the time of liquidation.

Whether it is PM's, real estate, stocks, or some other investment all of your non-emergency funds should be in them, period.

There is zero benefit to cash. It just sits there and reduces it's value. That's all it does.

Have enough to pay whatever your short term payments plus emergency are and that's it. Period.

There is no logical reason to do otherwise. Find whatever investment(s) you like and put your money where it won't just dissolve.

barrytrot wrote: put your money where it won't just dissolve.

Great minds. +1

beauanderos wrote:

barrytrot wrote: put your money where it won't just dissolve.

Great minds. +1

x2..... that's a great quote. You might see it in my Signature sometime soon. Barrytrot in there with Abe, Tom, and Henry...

-The Great

CLINT-THE-GREAT wrote:

beauanderos wrote:

barrytrot wrote: put your money where it won't just dissolve.

Great minds. +1

x2..... that's a great quote. You might see it in my Signature sometime soon. Barrytrot in there with Abe, Tom, and Henry...

-The Great

Lincoln, Jefferson, and Ford?

beauanderos wrote:

CLINT-THE-GREAT wrote:

beauanderos wrote:x2..... that's a great quote. You might see it in my Signature sometime soon. Barrytrot in there with Abe, Tom, and Henry...

-The Great

Lincoln, Jefferson, and Ford?

YUP!!! Check out my signature under my post!!!! Lincoln, Jefferson, Ford, and Barrytrot

-The Great

beauanderos wrote:

wheeler_dealer wrote:Been thinking lately about increasing my ratio of p.m.'s, basically silver. My thoughts are that if I increase my ounce volume (less paper) and just maintain minimum cash for day to day expenses I could always sell off a chunk in a pinch. Thoughts???

That's what I do... have been since 2003. You might consider an emergency fund of a few months worth of bills paying capacity... the "emergency" being if there's a dramatic pullback you can buy more (if you can find it)

Yes, you really need at least 2 to 3 months of living expenses in cash. It's just common sense and prudence. If you want everything else in silver, gold, or any other asset class, that's entirely your prerogative and no one has any business telling you whether or not its a good idea, but don't chance not having cash for immediate needs. Cash is king in the near term.