- Silver stacking, perfect timing
Metal Recycling Entrepreneur
|
I've been stacking silver and other metals since February. I'm up 22% on my lot for the year. Leaving my 401(k) in the dust.. Bought just ahead of the steep increase we have had lately.
Any other stackers out there? If so what is your favorite to acquire?
|
$100 bills
BUYING ALL COMPUTER SCRAP WORKING OR NOT
CHECK OUT MY BUYERS THREAD http://www.scrapmetalforum.com/scrap...nic-scrap.html
https://getjunk.net/Knox-County-TN-0...Recycling.html
|
Thought about getting into gold and/or silver stacking..
Sadly.. Like everything else- there are fakes out there.. even long-termed, seasoned jewelers have been burned by fakes.
So I decided to end my "stacking career" long before it ever got started.
I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!
Cash In The Trash
|
A lot less risk in FOREX than buying random silver ...
Of course the only physical silver I own are keyboard mylars and bits from circuit breakers !
|
|
Whew.. I've traded Forex.. talk about walking naked into a dark room and realizing you are in there with hundreds of people looking to shoot you.
I moved to Currency Futures and the risk is only slightly less.. there are forces and controls in the market that none of us are privy too.. and it is a dangerous place. I know from experience and "ticks lost"
Nothing quite like getting up for the London Open, looking to get into your position and have the market whipsaw you 50 ticks before you can blink your eyes. If you are smart.. you have your stop-loss in place and take your lumps.. if not- you return to bed for the rest of your night in the fetal position!
True Stories!
Cash In The Trash
|
|
The link I gave above also has copper, gold, silver, platinum and palladium .Originally Posted by sledge
FOREX is an ... interesting "game" to play.
One minute +$600, the next minute -$120 than all of a sudden +$80 .
|
|
I studied it heavily for about 5 years, "paper traded" for 3, went "Live" for a while. Good days and bad.. but more a$$kickings than "huge wins" so as a business decision. I parted ways with it.
Metal Recycling Entrepreneur
|
I have lots of $100 bills..... Vet bill, Power bill, Rates bill, Fuel bill, lots of bills......
Metal Recycling Entrepreneur
|
Silver Eagles, Canadian Maples, and old junk silver 90% US coins. Been buying small amounts fon years. Some of my early buys were pretty high cost so I am still averaging down. Last fall my seller I had been buying from stopped selling because prices were so low. Had to get a new dealer. Missed the real bottom in the gold market. No spare $ at the time.
|
I stack, jiffy. With the Au/Ag ratio over 60, Ag is the better buy right now. I buy Au and Ag, bullion and junk, and numis. Don't let people talk you out of using PM's to make and store wealth. I buy from a LCS, I buy from ebay, I buy at flea markets and garage sales and pawn shops. Become familiar with what you like and what you buy. Get a good set of calipers and a gem scale and a RE magnet. Don't bet any more than you are comfortable to lose on any transaction. I stack for my retirement because I have no other vehicle I trust at this time. I have a 401K and a Roth and a brokerage account, but I don't trust the markets and I don't trust the government. If you can't hold it, you don't own it.
PM me if you want me to answer questions or point you in direction to help with your interest.
Todd
|
|
I often joke that if someone steals my wallet, they will find is three one hundred dollar bills.... and they all need to be paid by Friday.
Last edited by t00nces2; 07-30-2016 at 08:57 AM.
Experienced Scrapper
|
I do a lot of pre '64 US coins. I work at a bank and various forms of silver come in all of the time. I have picked up several thousand in silver since I started working at a bank, all for face value. It helps that I am a coin and paper money collector and know what to look for. I have about one thousand in older US currency '34 and older that I have stockpiled as well. I also pick up special serial numbers, uncurculated currency (after '34) and others that I flip on ebay and my coin dealer. Helps but cash in the pocket for the other collections as well. I originally started scrapping to help pay for my graded currency and coin sets but I have since decided to funnel all of my scrapping money into LendingClub where I am getting a steady 9% based off of a formula I came up with over the past six months.
Never got into electronic trading of silver or other metals. My dad is still sort of a doomsday prepper and always said that if you didn't have physical access to it, that it was worthless. I tend to agree. I'd keep my stash at home in an expensive vault, but I live in an apartment so for the time being it is all in a SDB at my work.
Last edited by mritchie77; 07-30-2016 at 08:53 PM.
Metal Recycling Entrepreneur
|
|
My dad is still sort of a doomsday prepper><>>>>
You say that like it is a bad thing. Anytime someone questions hard currency I simply say got back to 1933 and put $10000 in paper currency into a box and $10000 in face value of gold coins and then you can keep one box. Which do you keep?
Experienced Scrapper
|
|
I didn't intend to say that as a bad thing. I would agree with him on most things: I know how to live off the land (grew up on a ranch), don't like paper money, have an ammo stash, and know how to make ethanol for SHTF. I was merely framing the quote to make sense. While you and I might agree on this, many people would label us as "crazy" so I don't try to praise being a prepper the first time it is brought up.
|
|
This topic always comes up and to me the gold, silver, etc is basically worthless....I highly doubt the economic system will collapse before I'm dead (I'm 39)......Therefore I stack $100 bills which I can turn around and buy anything I want at a moments notice........If there was an economic collapse the gold and silver to me would still be worthless as the only commodities which will have any value are gasoline, food, weapons, ammo....etc.....Oh well as a hobby or LONG term investment I could see buying gold or silver but personally I will continue to stack the Benjamin's......To each is own and I wish everyone the best of luck.......I also am not a doomsday prep person as I feel the world will not be much different when I leave it than it is now.....
Experienced Scrapper
|
|
I can see that Mike. I see it more of a long term investment. I have purchased some of my silver but for face value I just see it getting more and more valuable as I get older (I'm 20 right now). I'm more focused on moving back across the country (IL back to TX) with my wife and trying to start a career in finance. On the topic of the original post though, I keep a spreadsheet of all of the coins I have (type, denomination, silver value) and lately I updated it again to see the new price. Needless to say I was happy as the last time I had checked silver was at $14.50 an ounce.
|
Jiffy, I just want you to know I am not trying to derail your thread. A 22% gain is very impressive. I want to highlight other investments.
Knowledge and diversity are the primary focus for investment and survival in my mind. Food, shelter, and clothes are the first priority followed by commodities. I invest in gold and silver, but only that I can physically touch. I am invested in the stock market, but do not count on it. As others have said, I have a stash of cash for emergencies. No I am not a doom day man.
Now the most valuable "stacks" I have are my family, health, canned goods, cattle, horses, gasoline, diesel, garden, brass, copper, aluminum, ammo, and guns. I would not trade these "stacks" for all the gold and silver this forum could provide. Transportation will not be a problem with the horses, beef will be readily available, and the weapons will provide wild game. The best investment was listening to other people and comparing their thoughts. At age 99 sitting in a nursing home, I may have a different perspective.
Please understand I am not critiquing those that invest in metals, only providing another view that people in the city may not understand or appreciate. I do not care what gold and silver is valued at, I care about waking up to the next sunrise.
Give back more to this world than we take.
Metal Recycling Entrepreneur
|
Yes diversification...
Metal Recycling Entrepreneur
|
|
I agree with the AG being the better buy. Its easier for silver to double in price than gold.. I also bough some platinum as that is quite undervalued I feel. Bought that near bottom as well. Part luck, part reading the cards.. I knew with world going to sh!t that PM's would become quite popular again. Then Brexit was a nice gift that pushed silver above $20 mark. Now my concern is when to sell, but I feel there is plenty of growth to go. I bought from eBay and JM bullion. The trick is where to convert it back into cash. If I sell it on eBay I take a 15%+ hit, if I sell to local gold shop I take a 20-30% hit. If I sell on CL I risk getting scammed or mugged. So I sit and wait...
|
I have always wondered how to stockpile antibiotics , reading on prepper sites it could be worth money, ???
Old dogs care about you even when you make mistakes;
God bless little children while they're still too young to hate
There are currently 1 users browsing this thread. (0 members and 1 guests)
|
Browse the Most Recent Threads
On SMF In THIS CATEGORY. 
OR 
|
Posting Permissions
Register To Reply
Bookmarks