Not a lot, but It's a start to my stacking journey :)
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You don't need much to be in the top 1%. About 60 ounces if all the Silver was divided equally among 1% of the global population. https://youtu.be/5jjT-AvBT_g?t=350
Interesting! I have about 350 troy ounces put back, and don't really think of it as an 'investment".... I have no intention of selling when it reaches some high spot price. No, I'm waiting for when the fiat currency is worthless (which is looking more possible with every passing day) and the only tender that will actually buy things is silver and gold.
It means that I just "forget" that it's there and don't watch the daily ups and downs of the spot price, especially since that spot price is in fiat dollars, and therefore meaningless. But the reverse is true too.... when Biden sent out "stimulus checks" I immediately turned that fiat value into real value, and bought more ammo and more silver with it.
I agree. It is not a get rich quick thing it is a wealth preservation thing. :)
Agreed... and even more, a "have spendable wealth when everyone else is reduced to poverty."
Thanks for the vid. I have 100 oz per family member at this time.
Can you elaborate? The top 1% of what? Those who own silver
If you took all the Silver in the world and divided it evenly among 1% of the global population each person would get around 60 ounces and 99% of the global population would have none.
So with an oz going for let's say $30 give or take, for 60 pcs, an investment of 1800.00 would payoff in the end?
Absolutely.
Inflation is not the price of items going up it is the value of your dollars going down. Inflation is sweeping the globe. The safest place to be right now is Gold and Silver. IMO.
oh yes
For the record the Scottsdale mint and jmbuillon are both safe buys?
Gentleman, thank you for the insight
Been a long time JMB customer, but their prices are pretty high now that AMark bought them out....hence, I've moved on to cheaper price/oz for other online retailers. Same with Apmex - too high prices, unless there is something specific I wanted and nobody had it. The only plus to Apmex is their autoinvest program, where you pick your products and they auto-ship them on a set day with a frequency of your choosing. Allows you to DCA - wish more retailers did this.
Scottsdale Mint is premo bullion and price reflects it, but their stuff is sweet. I bought from their site back in Dec and it arrived in either 4 or 5 days, when the posted lead time was 4-6 weeks, but wouldn't expect that kind of service again. If you want Scottsdale, buy it off of their Ebay store and you'll get fast shipping.
Any reputable online retailer is going to generally be a safe bet. Just want to make sure you're physically around for the package delivery, so you can minimize any need for customer service.
Never heard of Scottsdale, but JMB is solid. I'd also recommend checking out goldenstatemint.com Solid place also, but what sets them above in my book, the several orders I placed no sales tax were charged making a huge difference on big orders.
Scottsdale mint is good but I have heard horror stories about their delivery time. I have always used silvergoldbull.ca because I am in Canada. They have a U.S. site too. As long as you use a dealer that has been around for a long time you will be fine. You can also go to your local coin shop [LCS] and buy it in person.