hoarding silver what's a decent amount of a hoard?

What's a decent amount of a hoard? I got a measly 1 lb of silver in junk silver and 1 american eagle...yea I know it's not close to a hoard. Which is why I ask so I can get a goal for myself. :whistle:

 

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To me a hoard would be enough to effect the silver price if you were to sell all of it at once or by keeping it forcing the price of silver to jump.

A few million dollars worth of silver should to the trick.

 

there's nothing decent about hoarding. LOL! """grab all you can."""
how do you define your limits?
is the sky falling?
you want more than the guy next door?
or are you trying corner the industry?
what can you afford?
what are your reasons for hoarding?

 

prices are going up would be a decent reason I think for hoarding
what are your reasons for hoarding?

 

i think it's better to hoard when the prices are low.

btw, I don't hoard. I invest and collect.

 

I try to do just the same but "hoard" is a universal word everyone gets

 

not to eveyone

Which one of you is which Hunt Brother.

(Anybody remember their hoard...ere....investment?)

They tried to get ALL of it

 

Actually, a few billion didn't work last time.

But they could not get Kodak to give up their stash. Seems other folks needed it for their X-ray machines & such.

 

Like Crusty said, hoarding has a certain connotation that some hold to it as an effective term.

So are you a market mover? Are you out for the lowest over spot price by only buying junk silver, scrap jewelry, flatware, recycled silver nitrate from film, shot, leaf, and such, planning to send it in to an assayer? Or do you want bullion for physical investment and nice numismatic coins for your collecting desires, willing to pay bullion and coin dealer premiums?... and/or are you into PM funds in a retirement account, ETFs and mining stocks?

You need to define your reasons and know when to get in and out of the PM other than you just happened to notice the cost of the PM is low. Do you know of the PM's market volatility? Do you know how much you can and are willing to spend given the volatility? How long you will attempt to hold your hoard? How will you sell it and to whom? Will you know when to sell it? Are you hoarding to make the price increase and will there be buyers when you are ready to dump? There's homework to be done to define your personal reasons otherwise you may be spending on something without much of idea of what you are doing with your money and if you throw all your money into hoarding physical that could be dangerous as an investment strategy. I offer no answers, just caution.

 

I thought they did.

 

Yup! The Hunt's billions were all lost trying to do that.

 

well...you are correct to the extent they got in big and got out BIGGER.....Back when greed still under development.

 

who are or were the hunt brothers?

 

and what happened to them too! sorry for the reposting

 

Try wikipedia and google as well as CT. :thumb:

 

Back before there was "Madeoff" there was "Bunky"

Just the factshya:

 

I have heard 50 oz of silver and 1oz of gold for every year old you are. THis works well with dollar cost averaging and I am waaayy behind.

 

1,450 ounce of silver and 29 ounces of gold? :bigeyes:

I'm not even started really!

1 lb of silver, 1 eagle,1 gram gold bar. I better start soon!

 

so the question now is, will you buy yourself in junk? or at a premium? JK

 

does premium really mean more $$$

meaning if $50/oz silver is that ms 70 proof really going to be worth alot more then junk
I understand the grades mean something but beside the grade premium is the silver price increase going to bump up the value 3-4x what it is now?
like a ms70 is say $300 now at about $15 silver when it hit $45 is that ms70 going to be worth about $900? or still around $300 or maybe $400

keep in mind this is all an example of what I'm asking not actual prices I think or believe in