[ Investing ] Open Question : If I have debt, should I sell off my precious metals? - TheWorldTimesNow

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Monday, November 19, 2018

[ Investing ] Open Question : If I have debt, should I sell off my precious metals?

I have roughly $7k in credit card debt. I make more than the minimum payment, but 1/2 of my payment each month is just the interest. I also have about 200 ounces of silver. I know the metal is down in value right now, but someone is offering me $15 an ounce so that could be $3000 towards my credit. But my concern is silver finally spiking again... but of course I have no clue if or when such a thing will happen. Should I hold onto my silver or focus that asset towards my debt?

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