I have a feeling this is a no brainer but I'd like to ask anyway. My wife and I have no children. We are both gainfully employed. We live below our means and prep continuously for the impending collapse. Our debt consists of a first mortgage of $63k, HELOC line of $50k with $12k owed and about $20k in student loans used to obtain a now largely useless degree. Total debt=$95k.
We did not begin contributing to our 401k's until late so there is only $40k total that we cannot access. No more contributions are being made. That $ is now buying physical. We started buying silver in the $6 range and gold at about $600. We could easily sell part of our stack today to be debt free but payments are easily made out of our paychecks and as long as creditors will accept fiat that is what they'll get.
Last summer we decided to go "all in" on silver and literally put every spare penny into it including short term savings. I have never regretted a minute of it even when I bought at $46 in May and watched it fall to $33. I bought all the way up and down and now back up.
For several years now I have wanted to tap the home equity to buy PM's but we are very debt averse. We did go through with the HELOC loan which closed last month and used $12k to purchase physical and a used scooter for $1400 that gets 105mpg for my wife to commute to work instead of driving a V6 ford truck. Our intent was to go "stupid in" on silver with the HELOC but now that we have it I'm apprehensive.
I'm certain that PM's are going higher and had I cashed the equity out when I could have got $125k I would have already been up nearly $200k, debt free AND had a much nicer stack of physical. So, the million dollar question is, given the parameters outlined would you go "stupid in" with the rest of the HELOC ($38k) at this time?