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What is this boards view on stacking silver?
Posted on 9/27/22 at 9:37 pm
Posted on 9/27/22 at 9:37 pm
I did a search and didn’t find a thread on it.
I personally do, but I don’t have a large quantity. I started about a year and a half ago and try to stick with constitutional over bullion, but I do have a few silver rounds.
Am I correct in sticking with constitutional or do I need to add more bullion?
Also, what about Canadian 80% quarters, dimes, half dollars?
I personally do, but I don’t have a large quantity. I started about a year and a half ago and try to stick with constitutional over bullion, but I do have a few silver rounds.
Am I correct in sticking with constitutional or do I need to add more bullion?
Also, what about Canadian 80% quarters, dimes, half dollars?
This post was edited on 9/27/22 at 9:46 pm
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Posted on 9/27/22 at 11:27 pm to TiptonInSC
Complete waste of your cash. Period.
Been hearing it is headed to $50 then $100 “soon” for over a decade. The junk is 60% less than 10+ yr old highs.
Been hearing it is headed to $50 then $100 “soon” for over a decade. The junk is 60% less than 10+ yr old highs.
Posted on 9/28/22 at 5:48 am to PUB
IMO…. The economic doomsday scenario where Gold/Silver become currency…. one would be better served invested in land, ammo and physical assets that provide utility and inherent value
Also, PM’s are storage/theft risks with historically dismal returns.
Also, PM’s are storage/theft risks with historically dismal returns.
Posted on 9/28/22 at 8:53 am to TiptonInSC
Paper weights, no thanks
Posted on 9/28/22 at 10:45 am to SwampCollie
Sold by fear porn metal dealers at huge profits too
Posted on 9/28/22 at 11:38 am to TiptonInSC
If you want to invest in the metal because of projected industrial shortfalls that makes sense. First Majestic (AG) and Pan American Silver (PAAS) are solid options there.
Stacking is more questionable IMO. Suppose the doomsday people are correct? Governments can seize precious metals. They have before (including the United States)
Stacking is more questionable IMO. Suppose the doomsday people are correct? Governments can seize precious metals. They have before (including the United States)
Posted on 9/28/22 at 1:11 pm to molsusports
quote:Physical metals are still pretty worthless to most people outside of boomers. I know damn well most of the younger generation (<40) would rather useful items during some doomsday scenario instead of shiny rocks.
Suppose the doomsday people are correct?
Posted on 9/28/22 at 6:20 pm to PUB
Why have central banks been buying so much gold and silver?
Posted on 9/28/22 at 6:40 pm to TiptonInSC
IF there is a complete monetary collapse having some physical PM is probably not a bad thing. Something like junk silver would be what I looked into. But the others are right that land, ammo, guns and food are way more useful in that scenario. IMO, treat it as a hobby and not an investment.
Posted on 9/29/22 at 1:29 am to TheDude854
Yes or so we are told.
Maybe in the modern world, silver is nothing but an industrial metal in low demand with massive supply? That makes more sense than the manipulation conspiracy theories.
Maybe in the modern world, silver is nothing but an industrial metal in low demand with massive supply? That makes more sense than the manipulation conspiracy theories.
Posted on 9/30/22 at 6:50 am to TiptonInSC
I’ve got a sack of 1oz rounds father in law talked me into buying during the ‘08 crash right at $12 a piece. Shoulda sold a few years later for triple that but no. Haven’t given them much thought in a long time but looking at spot price they not doing too bad. Coming out of the present clusterfrick gold and silver should see a hard spike at some point. Maybe I’ll sell them then if I’m paying attention if not the kids can divvy them up
Posted on 9/30/22 at 7:16 am to TiptonInSC
Precious metals are a good safe haven in downturning markets. A good way to protect what you have accumulated when going through corrections, but not a viable investment IMO. The gold and silver markets have been manipulated (suppressed) since 1980 via the COMEX and LBMA so there is no real price discovery. This is done through; naked sell orders in silver futures, settlement in cash rather than requiring delivery of physical silver, collateral pledges of the same silver bullion in multiple loan and lease contracts (e.g., ETF's), "dark pools" used such as the US Treasury’s Exchange Stabilization Fund which is liquid enough to fund the suppression, and the J.P. Morgan's metals desk which is a sanctioned criminal enterprise.
I trade commodities futures, via a basket of 8-10 commodities using a momentum/trend strategy to go long or short, never neutral. If you back test gold and silver as I have, the trend patterns never behave and materialize quite like other commodities.
I trade commodities futures, via a basket of 8-10 commodities using a momentum/trend strategy to go long or short, never neutral. If you back test gold and silver as I have, the trend patterns never behave and materialize quite like other commodities.
This post was edited on 9/30/22 at 7:55 am
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