What to do ? What to do ?

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SilverStacker

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My last silver purchase was a 10 coin $71 oz welcome to the company 1st time buy. By the time I got it silver was $93. I knew silver was going higher and was going to stay much higher. Every metric by which I figure which, starting in Jan 2025, told me silver was going to go higher and higher and keep that price "other then occasional very minor dips" and I was spot on all year so I bought by the thousands of $$ with 90% of it spent between $29 and $50.

I dont know what I spent but I have a large manila stuffed with receipts and the smallest amounts being maybe 10 coins along with a fair amount of 10oz'ers and 5 oz'ers. I'm guessing $XX K. of silver and maybe $XXK of gold. Basically I traded my spare cash languishing in low interest accounts and savings accounts and bought silver and gold with them. In effect I traded my paper for metal tho I did keep my well paying deferred accounts up and running because I wasn't about to pay the Govt. 20% of them in tax's.

I'm not saying this to sound like a big shot because I'm sure I'm a little fish in a big pond here but I didn't know squat about metal and ended up doing pretty good for once "I blanked out the amounts cause they dont matter but its 5 & 6 figures. But now I'm wondering what in hell to do now. Silver is expensive "for me" yet I know its assured to go even higher but since I figured I'd never sell an oz since its a legacy investment when does one stop buying ? Plus the rocket has the market so SNAFU how easy is it going to be for your loved ones to re-sell even .999 in a saturated market without taking a big back of spot hit, if in fact they can even find a buyer ?

In the big picture is the retail market and the refinerys even relevant ?
 
I don't see much p2p sales outside of shops.
 
You got in at a great time. The greatest bull market in the history of the metals. If your out of buying power then sit back and enjoy the ride. If you have more buying power then buy and keep buying. There will come a time when the dollar price will no longer matter. All that will matter is that you have ounces. Ask those in Zimbabwe who lived through hyperinflation there when 100 trillion wouldn't buy you a cup of coffee but the tiniest amount of gold could feed a family for a week.

Will that happen in the US? Hard to say. Either it does or they backstop the dollar with an outrageous gold and silver price. Either way we will all be happy to have some ounces.

500 ounces of silver is the 1% now.
 
nickndfl said:
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This is excellent. I'll be spreading this around to some friends. SilverStacker, I'd use this as a guide and keep buying til it hurts,..... more than it hurts now.

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nickndfl said:
I don't see much p2p sales outside of shops.
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I do,...... this group on X and I think the same group on FB and there are some others too. Lots of people posting what they've bought and sold between themselves. I haven't been involved (I don't need to) but I do know of someone who has.

https://x.com/peer_metals

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Honestly, and it may sound silly with bullion, but I just miss buying the coins and mooning over them. I just enjoy the coinage, and am somewhat bitter to be priced out of the hobby. Yes I'm excited about the rocket and am certainly sleeping better my loved ones have an extra parachute for when I go cold but I miss the trips to me LCS and/or waiting for those packages to arrive.

On the one hand the GSR might get to a point where I just fold up shop and finish my lifes run with a small pile of gold in my safe but the truth is I just love silver. I love its history. I love the way it looks. I love the artisan pieces I bought. I love my collection of world coins. I even love my 90% crap, but good heavens a single pre-65 half dollar coin has a current face value of about $40 in silver ! Just one coin ! Even those crummy peace dollars have a $85's worth of silver in them currently. And the train ain't slowing down either.

When it was $95 I just knew I should have loaded up. 10 coins easily, I knew where it was headed. But my buddy wanted to wait until end of month to get the cash. So 5 days from now I bet you it will be $125 spot alone, a $30 mistake I saw coming. At least ! Crazy times indeed. Right now I think a few ASE's a month and leave it at that.
 
Bought a few 2026 ASE's. Very nice coins but expensive. I'm sure silver is going to go higher because the world is going to hell. Right now we have an armada in the Persian Gulf and nearby waters. Silver back up to $110, where it always should have been. Congrats to all who loaded up on physical while the going was good.
 
Again I'm happy for all the old timers who kept the faith going back to he '70's when the metal was $1.39 an oz. I have a friend who started then and right now he's sitting on a mountain of metal that could choke an elephant. He kept buying at $4 and $5 oz during the 20 year stretch when Ag was wandering thru the under-valued wilderness. He saw something the rest of us mostly didn't and it made him easily a Silverback Go-rilla, at the least. For him emptying the safes and doing an inventory is mostly a day long job.

Good for him. Good for all of you. And I'm sure you are out there, secure in your online invisibility. The refinery choke will eventually loosen since silver is the metal of the next step of human technological evolution. Already were seeing the finger prints of the Industrial/technological/consumer/military demand as huge buyers and investors are writing blank checks to ensure future delivery and damn the price. Because nothing conducts like silver and nothing aids in storing energy like it. Lithium-Ion is the past ; Its demise is pre-ordained. Our kids will see a future where silver/solid state finally starts freeing us from internal combustion/fossil fuels.

And the big banks and Govt.'s know it. Ag is the next step in the great time line of human technological evolution and it will advance at an exponential rate. This ! is whats driving up the price of Ag ; Its the future of it and it was sitting there staring at us for oh so many years.
 
I started my journey in non-mainstream exposure in 2000. It is amazing the rabbit holes one could go down searching around the Internet. All that information has been long since scrubbed, at least I can't find it doing searches.

Began buying PMs in 2002. Don't know what my average price is when all is said and done. I did buy silver on its way up at around $38 too, the last time it touched $50 in 2011 then crashed. I never sold, but it wasn't easy hearing friends brag about their gains in the stock market. I was pessimistic about economy, and was surprised how they were able to keep it together by kicking the can down the road for so long. One friend became quite wealthy with his early Apple stock purchase. But I just kept accumulating PMs when I could.

There was a lot of "wasted" money in difference unsuccessful ventures and one scam. I wish I would have just stuck that money in PMs instead...

But with all my mistakes, I have to feel grateful for what I have. Although the speed at which it rose also makes me a bit uneasy. I think all of us stacker knew it was coming, but the pace, I wasn't ready for that.
 
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"Pace" ? What "pace" ?



More like Scottie getting us an extra warp number to catch up to the Borg ship with.
 
Viking said:
But with all my mistakes, I have to feel grateful for what I have. Although the speed at which it rose also makes me a bit uneasy. I think all of us stacker knew it was coming, but the pace, I wasn't ready for that.
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I'm really wrestling with that. My net worth, right now - I was adding it up last night - is shocking to me. ESPECIALLY allowing all the idle time I had 10-18 years ago, between various jobs.

Numerically, it's like I never took that time off.

But, relative to prices of life's needs, it's like...I'm a XXXionaire, but that doesn't MEAN anything anymore.

I could still buy a condo with cash, if a good value emerged...except, now, there's all kinds of issues in actually GETTING the cash! You're a suspect taking YOUR money out of YOUR bank; you're treated like a felon trying to DEPOSIT money into YOUR account. Carrying money down the road is now a task fraught with risk. Not so much from carjackers, but from the Po-Po...they see a minor irregularity on your car, they pull you over, and search and seize.

Rule of Law? WHAT law?

Same issue with renting. My income, which nominally matches my father's when I was in high school...and me, on a partial pension!...now no longer qualifies me for ANY apartment rental. Most leases of modest apartments are nearly half my monthly income. That's a red flag for "landlords" (management-company clerks) who now have a categoric reason to disqualify me. Next!

Years ago, deals could be done - offer a large deposit, or post a bond, or produce a good credit score. Which I have, along with zero debt. Today, it's all formulaic and corporate.

So my choice, should I have to move in the near future, is gonna be a $3000/month residence hotel, or my car.

And...what if I'm robbed? The chance is really, really slim. It's FAR moar likely that President-ess AyeOch or whatever Circle-D clown takes the off-white house, declares a bank holiday and then begins systematic de-banking. But I could be robbed, same as I could be killed.

Then, what.

So much for all this nominal exploding wealth...

Sorry to be what I am...

Eeyore.
 
They rent out cabins in the private community where I am building in the Ozarks. Try it. If you like, build a place. Cost of living is fairly low there.
 
If you've ever been there, what are the people in Fruitland like? It's over in that knot there sticking into Illinois.
Some of my people from there in the 40s
 
one issue with metals right now is liquidity .... in the past it has been easy to move metals back and forth to cash ......and it was easy to move cash in and out of banks........i assume each one of us in this thread hold a relatively significant amount of our "savings" in PMs no matter how tall or short the stack is and that can bring significant fear, lack of easy liquidity makes that worse.......i always keep powder dry but as i see liquidity drying up for metals at the moment i think its prudent to maintain a safe level of cash liquidity for life in general

i am sure like everyone 3digit silver is exciting and a bit scarry .....over the last few days i have come to mentally adjust to the 3digit revaluing and am much more comfortable with this level..... i think us old stackers have been beat down to expect sub 30 silver for decades, i am past that now we just need the rest of the old timers and infrastructure to catch up so we can regain appropriate liquidity levels

i scrolled several mainstream market tv channels the last couple of days and gold and silver were being mentioned like never before.........i think we are not the "lunatic radical fringe" metal bugs anymore
 
Viking said:
They rent out cabins in the private community where I am building in the Ozarks. Try it. If you like, build a place. Cost of living is fairly low there.
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I know...we discussed this before.

But I'm still suffering from Normalcy Bias. Remember the model of Minnesota Nice? It's gone from Minnehaha, but it continues here. I've discussed with other gun-people, at the range, what it will look like if, as and when. The agreement is, people here will largely try to take care of each other. That is, once we get out of the Woke cities (a "city" here is a little different - Bozeman, Great Falls and Missoula are cities, but not huge by any means).

I'm situated. Now, the Ozarks also have good people...but we already SAW, with the hurricane, and with the New Palestine train wreck and subsequent deliberate eco-disaster...the Circle D Party-Of-Government has their focus ON the mountain people's regions.

IMHO they intend to stamp them OUT.

This of course can change with collapse, but - so fur - things aren't so dangerous here. Our danger is the exploding cost of real estate, thanks to Californicators. That, IMHO, will normalize - especially once the infrastructure becomes wonky and it's not practical to Zoom into Corporate while living in Lincoln, Montana.

I don't know, but right now, doesn't feel - yet - like the time to move. If I get made homeless, that will change, fast...but for now, seems like sitting tight is the bet plan.
 
Viking said:
They rent out cabins in the private community where I am building in the Ozarks. Try it. If you like, build a place. Cost of living is fairly low there.
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i live in the ozarks (born n raised) ......do you mind sharing approx what part you are intrested in?
 
Ya, tried to get my brother to move, but he is comfortable where he is. In Saint Paul, MN! A stone throw away from the shit going on in Mpls.

We really don't have a tornado worry. And I have an underground place to go if needed.
 

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You are very fortunate.

If I were your brother, I'd be on that, like, yesterday. Underground bunker? I have no illusions about walking out six months After, but yes, it's a fine place to take a respite if things go sideways fast.

Unfortunately, I'm not your brother. I have no claims on you or your resources.

And fortunately, there are places out here I can run. Garnet, Elkhorn, Bannack (which might be a little crowded - too close to the highway and now a state park). But you get the idea.

I'm taking this one day at a time. Moving is, both costly - all the packing and Y'all-Haul trucking - and, dangerous (carrying my boating-accident site with me). And it's one-way. Can't undo it without YUUGE cost.

When there's a question on action, the best plan, lacking more information, is the one expending the least cost and energy.

Which is the deciding vote. Keep it an unresolved question, for now.
 
Viking said:
In AR. 36N 93W. Between Harrison and Omaha.
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I was stationed at Little Rock AFB. Use to fish Greers Ferry Lake all the time. Crappies the size of Buicks. Really good bass, wipers, and yes walleyes. At one time it held the world record for walleyes. No a lake in TN did but Greers held the last few 20+ lb'ers. Probably because the locals had no interest in walleyes. I once tried to get them to stock with Muskie but they said, "but they'll eat all the Baaaaas". LOL. Good people ; Good times. I can't get the old lady to move to AR. or I'd be down there right now.

We never had a problem with the Locals but some military did. We showed respect and didn't hit on a girl unless we knew she was free. I loved the country music and we used to hit the Local joints around the base dancing with the Locals. I was down there when that ICBM blowed up.

Good times. It was a good time to be young. Loved AR. .
 
I am about a 4 hour drive north of Little Rock. Close to the Missouri boarder.
 
We here forwent living in the moment to secure the future.

 
Viking said:
In AR. 36N 93W. Between Harrison and Omaha.
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thats in the heart of things down there...very pretty country ....
Viking said:
I am about a 4 hour drive north of Little Rock. Close to the Missouri boarder.
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your down in dueling banjo territory ....lol ..... its ok my family tree has no branches ....LOL.......
 
I have Arkansas roots. Crime Bluff in the 60's early 70's. Wilson in the late 70's.
 
I have some cousins that lives around Cabot. I've visited several times. Nice country.
 
Goes to show the market is rigged. Too many people were getting rich who were not supposed to get rich. This is a scary test run for when they shut the banks down and go electronic. I wonder who besides the banks and treasury were in on it? It's not normal.
 
just relax.....buy as it confirms a upswing.....i want to see how foreign markets react ....and possibly how monday goes as we still may see shockwaves....do not want to buy on a deadcat bounce.........fwiw 78 was a level the chartist were pointing to as a correction level and we hit it so that seems good that it bounced off of it ....

just my opinion
 

will be intresting to see how the traders reports come out .......possibly JPM profit took on their physical? ........i really want to see the overseas action sunday night....but it certainly has a odor to it
 
The engineered shorts just stole from a bunch of longs .
 
Bottom Feeder said:
remember how a dime used to buy a dollars worth of stuff?

ain't about nothin
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Couldn't agree more. I'm glad to be done with any kind of serious stacking. I might buy an occasional small trinket or two but it's done with my spare change. Mostly just watching with amusement from the cheap seats.


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Rehashing a post of mine from another older thread on the subject, for a bit of perspective.


On Jan 22nd 1980 it fell just under $8, and another $3 the next day.

.....and in 1980 dollars, that was huge.

Just to further the point, $8 in 1980 is like $31 today.

The total two day drop adjusted for inflation, would be $43.25



On the chart above, we're down about $35.

Honestly, I'm only surprised a pull back took this long.
 
They took the algo to the high end in order to maximize gains shorting because they won't get away with a big dump like that again.
 
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