How do all the old timers feel about "silver stackers?"

Yes it is. And often, it is accurate.

 

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The same can be said for any yes/no answer to that question--forever.

 

yeah when silver made its run to $50 gold was $1900 so that was 38 to 1. So 4 ounces of gold for 120 ounces of silver is nuts. Also silver held at $50 for a millisecond before it started getting crushed. I remember I saw it at $50 and a few days later I checked spot and it was actually in the 30's. In reality few are going to be able to get 30X when GSR is at 38 and really none are going to pick that exact millisecond to make the trade. Fact is trying to play the GSR will have most losing no matter which side they are playing as you are paying premiums both ways. Now if you can trade at 30X when the GSR is 38 then OK just as I would be happy to buy silver if I could buy a truckload today for $4 an ounce. Reality doesn't seem to wotk that way for me anyway.

 

So you are saying that I am lying? No, the fact is that I did make the trades I said.

The prices were so volatile back then that I was watching it continuously. I was lucky, perhaps, but then a lot of the success in these issues is due to luck. In the previous post I was rounding but I checked the records and I did sell ASEs at $48.80 and I had enough cash float to be able to turn it around and immediately buy gold. I was going from memory and it was not exactly what I said (which is why I said all numbers were approximations), but I made a huge profit in the trade.

I admit that this was a one-off chance. But it happened and it can happen again.

 

Howdy,

A few things.

First of all, there is having a stash of PM's as an investment. This is normally in the 3-10% range. More than this is speculation. Please note that speculation is fine, so long as you realize that it IS speculation. In the former, you're using your investment stash as a 'security blanket'. It's a store of wealth for times of economic uncertainty. The latter is a gamble that the POG and POS are going to appreciate. Both are fine and good and prudent - just keep them separate in your mind.

While I've watched the GSR for years, I don't let it run my life. It's one of several metrics like the Gold/XAU ratio that can give you a picture of what the market is doing. However, I never let them drive a decision. The reason I prefer silver as a speculative vehicle is because of its superior leverage. For example, back in the 70's when the Hunt Bros. were getting crazy, gold went from ~$250 to ~$800 or so while silver went from ~$4 to ~$50. Do the math. Gold went up 300% while silver went up over $1000%. This is compounded if you look at the mining stocks, particularly the penny or OTC stocks. My only 'home run' was Silver Wheaton SLW, which I bought in 2002-3 for between $2-3 a share. Before the bull run was over, it peaked around $43. And this is why I prefer silver over gold for speculation.

As for stupid, don't you dare take away my Right to be stupid. Too damn many laws designed to prevent people from doing stupid things. Ban the snot out of folks hurting others but let me have the option of hurting myself if I so choose.

Lastly, when it comes to wealth allocation, years ago I read a quote from the elder Baron Rothschild that to protect yourself, you should have 1/3 of your wealth in Securities; 1/3 in Real Estate; and, 1/3 in Rare Art. (I'll let the readers on this forum redefine 'rare art' as they see fit, teehehe). When you have a few moments, run your numbers but don't be surprised if the vast majority of your wealth is in Securities.

and so it goes,

peace,

rono

 

In the early 80's, the way to invest in silver bullion was pretty much to buy a 100 oz. bar. Now there are so many other products. So stackers of AME's, rounds and the like are just fancy ways of being a bullion investor. Am I really an old timer? Geez...

 

best price to use as the record high price of silver in 1980 is $49.45, which was the London Fix on January 18, 1980.

 

How old do you have to be to be an "old timer"?

 

More gray hairs than nongray hairs?

 

Not sure that works. I don't have any gray hairs. Mine are all white.

 

Oh, well, you shouldn't even be here, then. Off to the home with sakata!

Orderly, don't forget his walker and oxygen tank.

 

I'll take the Walker, but I doubt I'll need the oxygen.

 

I'll take a Walker and a Franklin.

 

i buy silver for my collection never stack as the price of silver most likely will never reach what 1980 prices paid in my rest of life time . i do get all the gold i can as that is the better pay out for me in the long haul and easier to sell as i have found out over the past 50 years of collecting i do keep some silver just in case but very little

 

All of you make sense and are correct! How can that be? It just confirms the axiom, collect/do what you love ... and love what you collect/do. It's as simple as that. No video needed.

 

Ok Mr. Kumbaya. Thanks for the love and flowers, man. Peace!

 

I'm an old timer, I started collecting when I had a paper route when I twelve in 1959. Do I stack silver? Yes and no. Keep in mind, back then, I bought silver at $4 an ounce and gold at $300 an ounce. I don't stack rounds or bars, I only stack silver coins, and ready for this... Silver Strikes. For those of you who don't know what a silver strike is, it is a casino issued chip that is .6 of an ounce of silver surrounded, in most cases, by a brass ring ($10 Casino Chip). The Casinos gave them as incentives for people to keep playing the slots. There is a whole group of people who collect them and there is a book out that lists the value of them. Some of the rarer ones comand quite a premium. They come in various denominations from $7 and up. At the last coin show I went to I bought a $200 one from the Four Queens Casino in Las Vegas that weights 371 grams. How many do I have? Too many. I have ten of the cardboard boxes, that hold two rows of 2"x2"s, full of them. I figure I can either hold on to them or if silver ever takes a dive, I can take a drive out to Vegas and either play them or cash them in, they do say on them that they are redeemable for $7, $10, and so on.

 

No Sakata Im not saying ur lying. I know great deals can be found if you put in a lot of time and effort hunting them but then it becomes like another job. Most people are not going to spend outrageous amounts of time and will therefore be paying premiums. I have said that before. Many people want to play the GSR but unless you want to invest a lot of time and effort you will probably be better off stuckung with whatever it is you originally bought.

 

Yes and Im happy to buy silver at $4 an ounce when I found a 1964 kennedy that I got for $2 which works out to $4 something an ounce. Also anytime I see it in the till Im happy to buy at face. Now some people can do this all the time like if you know a bank teller or some other way to get it, but most of us cant get a deal like that but very rarely. I think thats a different thing all together. Hes talking about silver stacking where some people are talking about CRH or some other way to get it way underpriced. Two different things. Most stackers are paying premium in fact a big premium to stack.

 

Yes so much easier to sell. I have a couple places I sell if I have to. Full spot plus a couple bucks for Gold. Maybe Maybe $15 an ounce for Silver. And 90% today Maybe Maybe 10x. Also when buying silver premium 10-15%. Gold premium is 4% tops.