Lots of silver "stacking," not so much gold stacking

I don't think most consider a mortgage "debt," in the sense that it was raised in this thread. The vast majority of Americans require a mortgage to own a home. Yet, despite their mortgage, still save and invest as they should.

Secondly, carrying a balance on a credit card to build credit is backwards. You improve your credit score through making timely payments, even if that timely payment is to pay off your balance in full every month. By carrying a balance, you are costing yourself money needlessly, and you are actually hurting your credit score by raising your debt to credit ratio. Ideally, you would use the least amount of credit extended to you as possible.

 

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When Costco used Amexp CC, I was always paid ahead with spare cash, and still got all of the points. Now that they use Citi, who only allows payment up to the amount and not more, I have to watch more carefully. There is no problem using credit if you don't have to pay charges, but the future is always changeable. Self discipline is a major key for all monetary decisions in life. Too bad Life isn't like some video games where you can buy more time, sooner or later you have no say in it.

 

Howdy,

I don't agree that gold stackers are smarter than silver stackers because they are stacking gold and I believe you concluded they were smarter as a class. Sorry, but I've seen too many people with serious money pour it down some rat hole or another. Having money doesn't make you smart. Wisely managing your resources and time makes you smart. Ever watch American Pickers? They've got some collectors that do so for various and sundry reasons and some are very bright and some are not. Ever sat next to some cretin at the blackjack table constantly peeling off $100s and losing his hide? Ever watch someone decide to buy into a restaurant franchise only to go tapped because they weren't customer service types?

Some reasons to stack more silver relative to gold are:

Cost. Yeah. Cost. Depending upon your situation in life and age, you may have limited resources for buying bullion. Do you realize how great a percentage of workers with a 401(k) option are unable to max it out.

Fungibility. Silver is much more readily disposed. ASE's and even more so, 90% fractional can be spend most anywhere on the planet. Gold is much hard to flip.

Gold/silver ratio riding 56-70 to 1 when historically, it's been ~17 to 1.

And for the kid, it's leverage. There is much greater leverage in the silver than in gold. This extends beyond physical bullion to the stocks and my favorite place to play - the junior silver miners. The leverage is spectacular when the bull is running. I played in the late 70's, went nuts from 2002 - 2011, played it last spring and am playing it now. Cha-ching.

and so it goes,

peace,

rono

 

I only stack ASE's and here's why.

-I cant stack gold, like a lot of people I would say, because its very expensive. I love collecting coins as I've always had and this way, I can get a bunch of different pieces to enjoy as with gold I would have maybe 1-2 coins. Silver is a cheap mans investment. I don't use credit cards, I pay with money that is my own, I usually spend a couple hundred a month, it's not a lot, but its fun as hell and beats stacking nothing. I also only stack ASE's because it will be a lot easier to dump if the time ever comes rather then trying to sell a hundred different types of silver. If maples and pandas weren't such a high premium i would buy them too though because they are beautiful. I think government mints will always be easier to sell then the 1 off companies. There are knowledge silver stackers out there from our years of collecting coins I would say like me, everyone is different.

 

Hey guys, potentially my fault if you missed my point and got offended. I don't think investing in silver is stupid. I think it's very smart. I don't think gold investing is smarter than silver investing. However, because silver is so much cheaper it leads to two things: it's easier for any old country or mint to make it, and it's easy for any old person to buy it.

This leads to a higher likelihood of someone having a very varied stack of random junk that doesn't command high resale value (ie a bad investment) and has the potential to attract more people to invest in it because it is so much cheaper than gold.

The combination of these factors lead to large numbers of people with ugly hodgepodge stacks of silver that aren't worth much, owned by people who may not be as to really afford it.

Yes, this can happen with gold too, but I believe it is much more common with silver.

I think people with big stacks of maples and eagles are smart, whether those are silver or gold.

 

I dont see why it even matters, let people do whatever the hell they want to do

 

When I buy on credit card it's because of several factors:

I can get cash back which lowers the cost
I'm NOT paying any premium to do so (or I pay with cash)
I'm floating the buy for 30 days while my cash works for me now
I'm paying it off with zero interest accrued.

I stack gold and silver, I don't discriminate. *I Stack Wealth*

I also stack real estate, diamonds, gift cards and anything else of high value that I know I can turn a profit on at some point. I even stacked synthetic motor oil this year since I had an opportunity to turn it into cash. I didn't need anything else from the dealer, and had to burn up a loyalty card.

There are always good and bad investors in every realm, and to identify them by the type of investment isn't realistic.

There are many that did the same thing with real estate, stocks, and all kinds of other silly things. It's not the investment, but the investor that is at fault.

Silver is more accessible, and easier to purchase in smaller amounts. Generally this leads to the smaller and less sophisticated investor, since gold carries a HUGE premium on small quantity. So there are more silver investors I'd think (could be wrong, but...all the junk silver stacking says otherwise).

More investors good and bad would lead to a larger portion being seen making bad decisions.

Happy Stacking!

 

It's like guns, cars, booze, or pills. Sometimes a little mentoring and oversight at the beginning can be a good thing.

 

As an example. Look at this crap! It is definitely eclectic. lol. It's all over the place. It's just random stuff. And it goes on and on and on. It's almost hoarding.

Can you imagine if this guy finds himself in financial difficulty or if he dies and his spouse or kids need to sell his stuff? What a pain!

 

Speaking of leverage, the best investment would be to collect 10 100 oz bars of silver, and sell 100 people 100 oz bars of paper silver.. The US government did it with paper money, and the paper silver companies do it, why not the general public as well? If everyone calls to collect, get a bailout!

 

I think he goes way overboard it's filling a need that isn't there within' the person themself. It's good to take a step back from this and do something else it can be too fixating it's a nice trip but I wouldn't want to Marry it.

 

Oh yeah that will be me in about 25 years =)
unless I lose my job which could fairly easily happen...

 

I admit, I'm a hoarder. But I am a man with a plan...

 

Stacking is fun. My girlfriend caught me going through the safe for no reason last night though. She got a good laugh.

 

I hate it when I'm playing with my silver, forget to lock the door, and someone walks in.

 

FWIW, I regularly see posts here pointing out bullion deals on eBay that match or beat anything available directly from the dealer -- and you can pay on eBay with a credit card with no surcharge at all.

 

Yeah, boohoo, cataloging and selling all that silver, what a chore....waaah

 

The least he could do is spend and save wisely and stay organized.

Now here's the way to do it:

 

Stacking by definition is hoarding, it's people hoarding silver. Yes ASEs and Maples are the most liquid and easiest to sell with some Aussie versions a close second, but even a stack of those is just hoarding those when you think about it. There is also the possibility that that person just collects silver so they like variety much like a numismatic type collector. I really am struggling to find the reason for the criticism

 

A smart person would watch the ratios. Currently silver to gold is about 70 to 1. I have seen it at 40 to 1. I'll start selling silver and buying gold once it's past the 50 to 1 mark.