If you have the means I recommend more than 1000 ozs.
Perhaps 1 1000 oz bar
Perhaps 10 100 ox bars
Perhaps 1000 Eagles/Maples
Perhaps 1000 oz pre 1964 coinage
Perhaps 1000 ozs of assorted Silver items - there's all kinds of cool stuff out there like Perth Mint products, kilo sized coins, Pandas, Koalas, Kookaburras, Sovereigns, Philharmonics
Once you experience holding real money you will understand that it is never a good idea to not have enough REAL MONEY. If you pick up a 1000 bar your back will quiver if you aren't real stout. Try moving around $1M worth of silver and you will understand how intrinsically undervalued it is. 1 M of silver would take a FORKLIFT. When its all over you can put 1M silver on a small hand dolly.
Don't buy all at once. I like to buy small amounts at regular intervals and do big buying when price dips hard 20% or more. This strategy will be fool proof all the way to $100 and beyond. Another thing is when you have a big stock winner - convert some profits into gold coins or silver bars. "Building your cash position" I like to call that.
Lots of good reasons to buy 1000 ozs of silver now. People spend $37k (or a LOT MORE) on frikken CARS.
A car that loses value the day you drive it off the lot. A car that is worth less than half what you paid for in just 3-4 years. A car that ends up being worth 10% what you paid in 10 years.
Cars lose value quite similarly to the way fiat currency loses value. I guess that's my point. Silver does the INVERSE and with lots of leverage.
u tell me..found this on another board from ssri-silver standard resources..no spam.
i was looking into getting into a bank but not now.
The FED is protecting the banks... Continue to blame it on the home mortgages that were levered but NOWHERE NEAR THE TOP 5 BANKS...
No one is Innocent buyers government policies and FED led Banks. But face it folks housing was up to close to 20% of the economy.. The policy promoted investment in an expense.The bottom line is 41% of the PROFITS CAME FROM THE FINANCIAL sector. The top five banks were primary in forcing policy to cause this.. surly more than homeowners and government... Government just gave these guy what they wanted.
The FED is giving the flame thrower to the arsonist. Not only that but JPM is profiting as the food stamp processor.. IMO this insolvent immoral bank should be liquidated just like the other top five... These guys are taking over with Blackrock and others from AIG and the Vampire Squid.