No worries, that $28 in FRN's would have been useless to you when the time comes. I've been stacking for decades and give one oz with every Christmas and Birthday gift. It gives me the chance to explain why we need silver and to try and drive it into their brains that it isn't there for "want emergencies", it's there for actual shtf emergencies, and if we're lucky enough to never have to use it...pass it on to your kids and grandkids for when the time eventually comes. I can just see me giving my kids, nieces, and nephews hundreds of oz's of silver and they decide a new 4wheeler is an emergency.
Uncle? Is that you?
I think this is awesome! I also am a silver gifter to all the children in our family, only half of them actually get it and stack them…
No one can truly say. Some bullion collectors steer towards 90% Constitutional silver, due to it not being counterfeited and to its fractional nature.
Fine silver enthusiasts seem evenly split between generic rounds, bars and government minted bullion.
Since everyone is guessing as to how the bullion will serve them, the consensus seems to be diversification amongst all options, starting in the smaller increments.
I stack silver, but this is not the beginning of the silver explosion. Bad guys are still In charge of it. This slight rise is odd though. Usually they slam it down. Something else is going on. I could be wrong. I'm just not feeling this. Its nice to see it rise though.
Banks are buying gold so that's driving up gold prices. The common folk are starting to figure it out and buying silver. Fiat is dying amd people are not holding it as it's gonna be useless soon.
So, say we switch financial systems. Say I have a stack of $100 Bill's equaling 15k at home. You think that will become worthless? You dont think it will be able to be traded in somehow?
As long as they'll accept monopoly money for silver and gold, they'll be a bargain at any price. Worthless paper for silver all day long even at 50 an oz.
You might want to see how well livestock as an investment fared during the dustbowl. If you can't feed and water it you've got very quickly perishing meat, and if you're in that position you can believe a lot of other people are too, which further harms the price for it. For the cost of one meat cow I can feed myself for three years. In metal cans, so it's not going to spoil or be eaten by the mice and rats.
No more than only holding silver and gold would I only hold live stock. Even my son in law who has 1000+ head on his ranch has precious metals and a diversified storehouse of food and goods. That was theblesson his great grand parents left them when their live stock took a hit from drought. Couldn't grow enough food for the 200 head they had at the time. Lost them all, gold saved them when they started over.
Precious metals is not an investment, it's a hedge
It's much better for people who have not yet accumulated wealth to invest their time and energy building and buying things that will make them more wealth. Those who are already secure in their wealth generation may want to hedge against their investments with gold and silver.
IE, if the cattle prices fall, I may lose a lot of money on my cattle, but that's ok, I have reserves I can fall back on until cattle prices come back.
Bought a hundred oz yesterday at 26.
I was expecting 25 today.
Kek
I read that close to a years production was traded today and we still went up
Gold and silver are good, but steel and lead are severely underrated metals, until times of civil strife arrive.
My bartering stash includes cheap whiskey, tobacco and papers, and about a million lighters.
Me too and I have thousands of pot seeds one of the kids that works for me gave me.
Dont forget brass.
Got plenty of all of it. Lead was the first thing I got.
I bought 500oz at 28$. I'm no good at timing markets...
So I hold, and DRS.
No worries, that $28 in FRN's would have been useless to you when the time comes. I've been stacking for decades and give one oz with every Christmas and Birthday gift. It gives me the chance to explain why we need silver and to try and drive it into their brains that it isn't there for "want emergencies", it's there for actual shtf emergencies, and if we're lucky enough to never have to use it...pass it on to your kids and grandkids for when the time eventually comes. I can just see me giving my kids, nieces, and nephews hundreds of oz's of silver and they decide a new 4wheeler is an emergency.
Uncle? Is that you? I think this is awesome! I also am a silver gifter to all the children in our family, only half of them actually get it and stack them…
Excellent idea.
Still a bargain.
Go!!!
I can't afford to buy any more gold than I already have, but every month, I add more silver to the hoard.
Gold shall end FED.
Is it better to buy silver bars or silver rounds?
No one can truly say. Some bullion collectors steer towards 90% Constitutional silver, due to it not being counterfeited and to its fractional nature.
Fine silver enthusiasts seem evenly split between generic rounds, bars and government minted bullion.
Since everyone is guessing as to how the bullion will serve them, the consensus seems to be diversification amongst all options, starting in the smaller increments.
Source: Am bullion dealer
A pre 65 quarter is worth 4.88 as of yesterday. Half's worth 9.96, dimes 1.95. I just don't want to keep much fiat around.
I've found american eagle coins are sought after by all coin shops and pay the best prices. But they also cost the most.
https://twitter.com/RIFT_589/status/1765410266521518081
I have 60 pounds worth. Invest in the 3 B's/ Bullion, Bourbon, and Bullets.
I think it's supposed to be beans, not bourbon.
4 Bs…Bullion, Bourbon, Bullets, and Bitcoin
No bacon?
Ok 6 Bs…Bullion, Bourbon, Bullets, Bitcoin, Bacon and Boobs
But Beans?!
So hard squeeze inbound? Hopefully not….but?
I stack silver, but this is not the beginning of the silver explosion. Bad guys are still In charge of it. This slight rise is odd though. Usually they slam it down. Something else is going on. I could be wrong. I'm just not feeling this. Its nice to see it rise though.
Banks are buying gold so that's driving up gold prices. The common folk are starting to figure it out and buying silver. Fiat is dying amd people are not holding it as it's gonna be useless soon.
So, say we switch financial systems. Say I have a stack of $100 Bill's equaling 15k at home. You think that will become worthless? You dont think it will be able to be traded in somehow?
As long as they'll accept monopoly money for silver and gold, they'll be a bargain at any price. Worthless paper for silver all day long even at 50 an oz.
I prefer owning livestock over dead stock. Livestock makes baby livestock. Silver and gold, as far as I can tell, just sit there and don't reproduce.
You might want to see how well livestock as an investment fared during the dustbowl. If you can't feed and water it you've got very quickly perishing meat, and if you're in that position you can believe a lot of other people are too, which further harms the price for it. For the cost of one meat cow I can feed myself for three years. In metal cans, so it's not going to spoil or be eaten by the mice and rats.
https://history.iowa.gov/history/education/educator-resources/primary-source-sets/dust-bowl
Historically cattle are a wise investment, a good indicator of wealth.
The ONE time we started spreading out west and tried to plow our fields and ended up killing the earth -- lessons learned. Don't do that.
No more than only holding silver and gold would I only hold live stock. Even my son in law who has 1000+ head on his ranch has precious metals and a diversified storehouse of food and goods. That was theblesson his great grand parents left them when their live stock took a hit from drought. Couldn't grow enough food for the 200 head they had at the time. Lost them all, gold saved them when they started over.
Diversifying your investments is a good idea
Precious metals is not an investment, it's a hedge
It's much better for people who have not yet accumulated wealth to invest their time and energy building and buying things that will make them more wealth. Those who are already secure in their wealth generation may want to hedge against their investments with gold and silver.
IE, if the cattle prices fall, I may lose a lot of money on my cattle, but that's ok, I have reserves I can fall back on until cattle prices come back.