PSA to all anons considering taking a precious metals position: spot prices fell the past two weeks for PMs.

One suspect cause is sell off of paper GLD, SLV, etc. by traders to meet margin calls and/or maintain liquidity. Since this is all paper - no one is actually taking delivery of a PM - the """supply""" is increased without a matching uptick in demand and spot prices fall.

The net effect is Ag is down in the mid $14 range (so you're looking at ~mid $17's to pick up Silver Eagles) and the Gold-to-Silver ratio is over 100; that is to say it takes about 100oz's of Ag to buy 1 oz of Au. Take away from this ratio is Silver is currently cheap - very cheap - compared to Gold.

Personally I am aiming to pick up more Ag next week, hunker down, and then see what opportunities arise…ideally exchanging portions of my Ag for Au when the Gold-to-Silver ratio gets back down to 50/40/30.

Would also note the large PM dealers allow you to buy with a credit card, albeit at ~3% premium to cover the processing costs. Only mention this as an angle if you've got access to a CC promo (e.g. no interest on new purchases for 12 months or whatnot) or if you think the value of fiat will fall quick enough to justify holding the real asset…in other words by the time you pay it back the dollar would have weakened enough to justify whatever costs you had to incur to buy the PMs in the first place on the card.