Gold and Silver Stacking

Hardline said:
I been stacking silver for the last four years. I Just recently bought a kilo on a $67 dip.
Click to expand...
I have not really bothered to look into this too much but do you have the actual silver in your possession or is it just a piece of paper?
 
IF the financial system collapses, will anyone care about gold and silver?
Or will food, fuel, cigs and booze and drugs be worth more?
 
gtb1943 said:
IF the financial system collapses, will anyone care about gold and silver?
Or will food, fuel, cigs and booze and drugs be worth more?
Click to expand...
If it gets to that point everyone is screwed. Even doomsday preppers.
Silver is skyrocketed not because of economics, it's because of supply and demand. The economy is trending the right direction now and the first quarter will boom.
 
Hardline said:
If it gets to that point everyone is screwed. Even doomsday preppers.
Silver is skyrocketed not because of economics, it's because of supply and demand. The economy is trending the right direction now and the first quarter will boom.
Click to expand...
I have over the years observed the preppers and the survivalists
preppers want to be ready to live in reasonable comfort for a year or two but after that they are lost
Survivalists are willing to live like a stone age tribe as long as they can
One wants comfort for a period and then nothing
one wants existence no matter the price
If I was to do something, I would combine the two; you can live relatively primitively but still decently if you plan and act well

I am always amused by those that claim even if society falls gold will matter
I imagine a few fools will think that gold means something no matter what but most will ask this question:
Can you eat gold? Will it heat your home? can you wear it? Will it keep you warm? if not, then it is meaningless. Now the addicts will sell anything for a fix, be it drugs or booze or whatever. Gold will become a useless shiny metal.
 
Merged threads since the topic was pretty similar and with the same people responding in it.

There are many reasons it is good to invest in silver and gold

The value may dip or stay steady for a time but it eventually will go up and go up a decent amount.
One of those investments that you can physically keep at home or in a secure location.

No worry about yearly taxes. If you sell for profit later you do pay taxes, Capital Gains...but one could just sell it to another and neither bother reporting it.

Which leads to getting a decent amount saved up in either and not having to worry about reporting it.

Silver and gold are valued all over the world and you could use it to purchase something or find somewhere to sell it for whatever form of cash is in that country.

If it all came down to a doomsday type scenario. It might become a collapse of government/law. But it also does not automatically mean that gold or silver would no longer be viable.

You can buy it in many places. Pawn shops typically will have it and one of the few things that they will buy and sell for the actual value of it.
You can actually order troy ounce bars online from places like walmart.
You can have jewelry as part of your collection. The individual silver or gold will have value, as will some possible gem stones contained. If you buy the jewelry you might be paying more for the craftmanship and name of the company but eventually the price of silver and gold will rise and you can still make a profit. You can also melt it down to make ounce bars. My wife had enough broken pieces of gold that she had a new ring made out if the scraps.

Fast forward to the 9 minute mark. Crazy expensive sets of cards but if you hit the right player and the right insert...big value.
 
BrAinPaiNt said:
Merged threads since the topic was pretty similar and with the same people responding in it.

There are many reasons it is good to invest in silver and gold

The value may dip or stay steady for a time but it eventually will go up and go up a decent amount.
One of those investments that you can physically keep at home or in a secure location.

No worry about yearly taxes. If you sell for profit later you do pay taxes, Capital Gains...but one could just sell it to another and neither bother reporting it.

Which leads to getting a decent amount saved up in either and not having to worry about reporting it.

Silver and gold are valued all over the world and you could use it to purchase something or find somewhere to sell it for whatever form of cash is in that country.

If it all came down to a doomsday type scenario. It might become a collapse of government/law. But it also does not automatically mean that gold or silver would no longer be viable.

You can buy it in many places. Pawn shops typically will have it and one of the few things that they will buy and sell for the actual value of it.
You can actually order troy ounce bars online from places like walmart.
You can have jewelry as part of your collection. The individual silver or gold will have value, as will some possible gem stones contained. If you buy the jewelry you might be paying more for the craftmanship and name of the company but eventually the price of silver and gold will rise and you can still make a profit. You can also melt it down to make ounce bars. My wife had enough broken pieces of gold that she had a new ring made out if the scraps.

Fast forward to the 9 minute mark. Crazy expensive sets of cards but if you hit the right player and the right insert...big value.
Click to expand...

Gold in either coin form or ingot form will be good as long as anyone cares about gold
IF society collapses, you are better off with booze cigs and drugs to use to barter/trade for food, fuel, etc. People will always feed their addictions even over their own stomachs
 
Hardline said:
Anyone paying attention to the silver market?
Anyone stacking silver bullion?

The most I spent on a troy ounce is $41
My small 580 troy ounces is looking pretty good right now,

I'm no expert at investing but a lot of people are saying $100 an OZ by February.
I would love to hear others more knowledgeable chime in.
Click to expand...
This one aged well.
:flagwave:
 
I have a little over 10 pounds in silver coins. It might be more now since I continue adding to it. A result of being a toll collector for over 23 years. I had more, I should have saved it all.
 
gtb1943 said:
I have over the years observed the preppers and the survivalists
preppers want to be ready to live in reasonable comfort for a year or two but after that they are lost
Survivalists are willing to live like a stone age tribe as long as they can
One wants comfort for a period and then nothing
one wants existence no matter the price
If I was to do something, I would combine the two; you can live relatively primitively but still decently if you plan and act well

I am always amused by those that claim even if society falls gold will matter
I imagine a few fools will think that gold means something no matter what but most will ask this question:
Can you eat gold? Will it heat your home? can you wear it? Will it keep you warm? if not, then it is meaningless. Now the addicts will sell anything for a fix, be it drugs or booze or whatever. Gold will become a useless shiny metal.
Click to expand...
Preppers are targets for survivalists.....
 
Just about every online silver dealer I purchase from is out of stock. Luckily I bought 20 more ounces on the $68 dip before everyone sold out.
 
Silver down to $75

hope those that had it sold when it was over $100.
 
gtb1943 said:
Silver down to $75

hope those that had it sold when it was over $100.
Click to expand...
Keep it, and in a year or two you will be a fool to sell it at $100

Look up the average price of it per ounce in 2024. Just saying.
 
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