Realcent.org

Is it just me? Or does anyone else have this problem?

Although I’m fortunate enough to have an emergency fund stashed (maybe about three months of expenses)… it came at the cost of severe deprivation. Another way to say that would be delayed gratification. Put off buying those things you really… really want… but don’t really need. Sometimes it takes the wisdom of Solomon to discern the difference.

So now the problem is… we’ve just seen a fairly good-sized dip in the spot price of silver. And now here come a bunch of big flippers with listings of $1000 face Mercs, or $1000 face Franklins… make reasonable any offer.

Do I further deplete my stash of fiat for this “false” emergency? If I do so, in order to make an offer… what if a real emergency comes along?

I hate these internal conflicts! Frickin’ temptation!!! Argggh!

You didn't buy them at 13.5x. Why would you buy them at 15x? (or whatever). Hold onto your FRN reserves. In a crisis or reset you WILL need them. Build up a new separate FRN war-chest for further future PM buys.

(But then again who am I to give advice to the big dog whose stash is where Adam Young banks.)

Th difference between a want and a need is, if its in Walmart or Home Depot, its a need. Everything else is a want.