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

Gold is currently priced at about 65% of its record high. Silver is currently priced at about 35% of its record high, although it you want to ignore the spike to almost $50 in 1980 that came and went in a flash, there were several weeks in 2011 when you could easily have gotten above $40 without having to thread the needle. That makes silver currently worth less than 40% of its practical all time high.
Either way, seems like silver has more upside potential, as it has long since recovered from the downward pressure caused when its chief industrial use - making film - disappeared. Plus the cost of entry into the market is less. A 50 ounce bar of silver will cost you about $900. You can only get about six-tenths of an ounce of gold for that.

 

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I'm new here and I'm old. I think that as long as they're putting away some money, no mater how, it's a great thing. I buy 100 ounce RCM bars to "stack", but I still buy some coins just because I like the way that they look. As long as You're stackin', You'll have some money when You need it. Plus, chicks dig hguys with money, even if it's hoarding silver.
A lot of old millionaires died with a house full of Silver Dollars. Maybe put some into gold when Your stack makes it difficult to get in Your house. Also, if You fill the sink with it, You can't do Your dishes.

 

The Godfather stacker--LaVere Redfield had 400,000+ silver dollars stashed away in his mansion.

Pretty good book about him too for anyone interested.
https://www.amazon.com/gp/aw/d/1626...e+Redfield&dpPl=1&dpID=51qtmKBemRL&ref=plSrch

 

Just so we know, 'nines, when you assume room temperature, what color mounting frames do you want for the Longnine Hoard silver?

 

What's it to you? You'll be punching out long before I do.

 

And you'll be checking out WAAAAAY before the dollar does, and way after ALL non-Keynesians have died off.

 

My financial advisor recommended 20% of my assets should be in precious metals, but I guess you know more than he does.

 

I think there's a good chance he knows more than we do.

No guarantees, though, that all that extra knowledge is true.

 

20% seems kind of high.

 

That's quite a stunning number. Do you think he recommends this for all his clients, or was there something specific about your situation that caused him to recommend it specific to you?

 

I don't know what he recommended to his other clients, that's probably private information. For me though, he recommended the 20%. Other recommendations were Treasury Notes, bonds, stocks, CDs, and a bank Money Market Account for liquidity.

Keep in mind, I bought silver at $4 and gold at $300, so precious metals have done well for me.

 

By precious metals, I'm referring to collectable coins, not rounds or bars, but it's nice to have the silver and gold content as a backup to the fluctuating coin values.

 

I'd offer to bet you on that but the pay-off to me would just be another keynesian gas-bag.

 

My investment guy says no more than 10 percent in PMs. I'm not even close to that. He and I both take a conservative approach.

 

Keep in mind, I'm a "Senior Citizen", so he didn't set up a long term plan for my retirement.

 

I suppose I have to acknowledge that I'm also a senior citizen. IMO, what you invest in and how much you put into each investment is partially a product of your age -- the younger you are, the more time you have to ride the ups and downs that all markets experience, so you can afford to be less conservative.

 

The best thing I ever did was, as an educator, I had the equivalent of a 401K. That has really helped supplement my income.

 

Howdy,

This makes a difference. I've mentioned before that the elder Baron Rothschild stated a few hundred years ago that to protect oneself from economic misfortune, you should have 1/3 of your wealth in securities, 1/3 in real estate, and 1/3 in rare art. This latter category could be equated with rare coins if you do your due diligence. [er, works for me, teehehe]

Your adviser is suggesting 20% vs. 33% by the Baron. He seems fairly prudent to me.

and so it goes,

peace,

rono

 

I had to hit the like button on this simply because it made me laugh. But it is SO wrong.

 

Seems like you have a very conservative financial advisor. That seems like a very high percentage of assets in the corrupt digital world. I would hate to think that 80% of my assets could be wiped out by a reset of the online world. Real estate and PMs are the only way to go. Keep a few FRNs back for short term emergencies.