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Strong Silver Weak USD
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Typically, I would argue that taking out a loan for investing is a dumb idea however recent events have me thinking.

What if you took out a loan (which you could afford) and used it all to buy silver / gold?

My thoughts: * With BRICS and inflation we're looking at the dollar easily losing half its buying power. * That 12 pack of coke which used to cost $4, now costs $7 and will soon cost $11. * Even if silver isn't priced at it's actual value, it should at least maintain it's value compared to the USD today so if the spending power of the dollar halves then silver should double. * Taking these considerations, Imagine getting a $10k loan that you repay over 5 years for a total of $17k. If you dump it all in Gold and Silver it would likely be worth 20k in 5 years time.

I know a lot of people are buying PM with credit cards right now and for many it's a popular move however interest rates on CC are actually higher than most fixed rate loans so basically my question is why shouldn't we do fixed rate loans to buy silver?

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1 year ago