What's your bullion end game?

I think the PM's will be there when I need them, and that's what they are for.

 

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Stacking that amount at your age is awesome. You'll have a room full when you hit 68.

 

That is where my own head is. I have silver coins left to me by my spouse, by my parents, and by my grandparents. None of them do I sell. Instead I have been adding to the collection. I don't see it as having an end. Whatever the best price of that day is, that is the price I will try to acquire them at. I am a long way from 1,000 lbs of silver coins, and have less than a tenth of that, but I think 1,000 pounds of negotiable silver coins is a very decent goal for any person who wants their grandkids to someday be able to decide if they can afford to eat.

Regarding those here and elsewhere who decry silver not being money, they are correct, at present. Money is a concept. It is whatever the current ruler of the country you are in says it is, coupled with what the rest of the world agrees it is worth. History shows us that in many, many, countries when economic conditions get bad enough for lonly,g enough sometimes (violently, sometimes not) a change of government may follow. Even in the history of the US we see that in the transition times from Wilson to Roosevelt when Roosevelt narrowly evaded an armed coup (go look up 'the office plot' and General Butler if your own HS teachers didn't bother to teach you about that little US history tidbit). Often after a change of government or significant instability the currency of that country goes through a re-evaluation, or changes. Now you can take a chance and decide 'Bitcoins' are where you should put your money and hope the ISP provider running the server doesn't go down and everything just vanish, or you can put your spare change into something with an intrinsic value that will still have (allowing for market fluctuations of course) a similar intrinsic globally agreed upon value after the transition, or 100 years from now if you are taking the generational view as I am. Only two or three types of 'no longer being made' investments come to mind. Land with a good water source (which is becoming rarer), and bullion. Is it possible someday one of my kids will decide he or she should sell it all to buy a new car which will lose value the second they drive it out of the showroom, or perhaps develop a substance abuse problem and begin swapping two or three MS 70 slabbed Eagles for $10 bags of rock or ice? Sure. I hope they turn out smarter than that however, and I hope their own children stay as smart. For me, silver acquisition is a generational acquisition. All that being said, if I ever buy a $250 face value bag of silver coins and find out some twerp missed an 1804 silver dollar in the bag, heck yeah, I would sell that one, buy a new car, and another bag of silver too, probably.

 

Saving it up for the grandkids. I wont have much to pass down besides memories,wisdom, and hopefully a nice stack of silver.

 

Doug's Gultch
http://www.google.com/url?sa=t&sour...0fqieAdhw1Po8qovQ&sig2=CF3eNZcCzMmCv-Lr9y7jLQ

 

This is an excellent 30,000 foot view of global economics and the currency belief-pattern paradigm. As you said, money is a concept. Currency is currency until the issuers are no longer credible. In our case, it may come when a threshold of people realize that our government finesses the global markets in order to keep the bread at $1.29 a loaf and interest at 4.125% and the Dow above 15k and the money printing without end. It would be a shift in consciousness or a breaking disillusionment. Either way, if currency dilutes to nothing, gold is still gold and silver is silver. Their value is inherent. It even pre-dates humanity's ability to melt them into even more desirable things.

After that long side note I would add that silver and gold are "sticky". At least for me. That Starbuck's coffee has become not a $5 purchase, but a quarter of the cost of one ASE. That's my brain of late. That performance muffler for my truck is really 16.25 silver libertads, so my truck still has the stock pipes. And on and on.

 

Wow. That's flipping awesome.

 

Yeah it is. Here's something else about the
concept of money you might like. It's a long read
but more than worth it.
http://www.aynrand.org/site/News2?id=7429

 

Thanks. I'll read it.

 

ayn rand .org?

honestly?

 

i will most likely accumulate enough to give it away as birthday and Christmas presents to my children and grandchildren, as my grandfather did for my mom and aunts, and probably would have done for me if he would have lived long enough. Continue the tradition! but still keep enough to be able to sell off as needed in my later years. Same with my coins, my collection will be my children's inheritance, and their children's inheritance, and by then some of them will be worth thousands and they can do what they will with them, but i would hope that they would continue the tradition and collection... all of this is just me assuming what may happen in like maybe 10ish years when i do have children, but it is a nice thing to plan out

 

being that i'm 16, i should have plenty of silver when i'm older.
Wealth Preservation

 

What do you prefer? Obama.org?

 

why do you even say that or reach that conclusion? most people outgrow rand by the time they are 12, paul ryan not withstanding.

 

Well, you hate freedom and love the government, so it seemed like a fair guess. And 12? Seems a little young.

 

I hate freedom and love the government? what rabbit hole have you lost yourself in?

 

i know this isn't my argument but how are you coming to these conclusions??????? this is getting dumb..

 

You've said as much before. But if that's not true, why are you so dismissive of Ayn Rand? Just don't like her writing style

 

I love the government as well. They deliver my coins when I order online

 

Don't the premiums from the mint editedk though?