Stacking on the Way Up

         Gold has been making new highs in 2024, and we are only one quarter into the year. Silver has been lagging in price action, but I prefer stacking at a lower price. To me, 1 oz of gold = 1 oz of gold, and 1 BTC = 1 BTC are analogous. You get them not necessarily because of the inflated dollar value but the purchasing power they may retain.

         Granted, if the Federal Reserve lowers interest rates, that USD value may go down. With the CPI and core inflation showing no signs of depreciating, the Feds lowering the rates will be more or less financial suicide. That's my opinion anyway. However, that's another topic altogether.

         I managed to obtain some Caribbean-themed coins at a slightly lower premium. The red panda you see is actually from Chad. I was surprised by the level of detail on each coin. Overall, I was content with this batch. I got the order in right before the recent bump in prices. Given my budget, I imagine the next order will include fewer ounces of silver.

         I had to hit the random roll as well. I got a Maple Leaf, a random silver bar, and a coin from Papua New Guinea. I looked through different exchanges' inventory, and it looks like Papua New Guinea also has pretty coins. At the rate gold is going, getting a 1/10oz coin or bar will become cost-prohibitive for me in the future.

         Nah, I'm exaggerating. I'll rebalance a few items and make things work. I think it's worth stacking more from crypto to precious metals until the end of the year and reevaluating where we are at the macro level. We are near that exciting time in the cycle again. This is no financial advice, of course.

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