Debt to cause "Dramatic re-pricing"...Gold to $3000-3500 soon?
(www.kitco.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (49)
sorted by:
In reality, there's so few stacking trading fiat for PM is not much if a concern. Not long ago I saw somewhere that only 10% of Americans had any at all, and I have a hard time believing the percentage is anywhere near that.
So many people I've talked to agree that stacking is a great idea ... just not now. I want to buy XYZ, or I can't afford it because XYZ - meanwhile no problem getting take out every night at stupid Sysco prices.
I think it's not a popular idea (for so many reasons) but while most agree it's a noble idea, they won't even buy a single round... and part of that is by design (not popular with the herd... didn't read it's the thing to do on Facebook etc, TV didn't tell me it's a sure thing) and another reason is, people aren't motivated enough to seek out where to buy...IF and that's a big if, local coin shops carry anything, you're getting cornholed on price... many erroneously think you can just waltz into the bank and buy Ag/Au. There may be a few in the US still, but that hasn't been a thing since the 80s.
Just to illustrate the insanity of inflation... Gold was $1080/oz back when I started stacking seriously in 2014. It's now $2375/oz. Same with silver - $14/oz, now $28.xx/oz. Our buying power dropped 50% in just 10 years... and it was already pretty weak. Many look at stacking as an investment...I look at it as freezing the buying power of my money to preserve some of the generational wealth these rat bastards are stealing from us.
If you're planning on leaving a little something for your loved ones, consider stacking PM and giving them that instead if any kind if currency. The chances of it going down are very, very slim. I can't think of anything better to park money than PM. You hold it, you have it... It's unlike anything else. It's literally backed by itself... so while holding some crypto is good for practical reasons, it's not backed by anything and even if it was, nobody wants or needs "extra steps" to get right down to the "backed" part...
If you've never watched it, I highly recommend watching Mike Maloney's Hidden Secrets of Money. It's excellent and rated G, entertaining, educational and on point:
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc
"Many look at stacking as an investment...I look at it as freezing the buying power of my money to preserve some of the generational wealth..."
...which is my strategy exactly. No, it's NOT an "investment," as in, buy low and sell high. I stack physical silver (rounds, bars, ingots, and 90% pre-1964 silver coins) against the day that my dollars won't buy anything...or when it takes trillions of inflated dollars to buy a gallon of gas or a loaf or bread.
If that day ever comes, merchants will figure out damned quickly what amount of silver will buy what commodities. It may take a couple of weeks, but any business that wants to remain alive will figure out a barter system or die. That's why it's also good to have food, water, and ammo put back as well.
Yep...Spot on. Stacked plenty of brass and lead during the Obongo years...
Started with US coins, then moved to rounds and bars after I hit my number. I figured coins are going to have the best recognition by normies and merchants should the shtf and I have to resort to that.
I'm also digging the Valcambi snap offs for bartering higher value items should the need arise.
Not familiar with the "snap offs" but sounds like a good idea.
Re: https://www.silver.com/50-gram-valcambi-gold-combi-bars/