Anyone else seen this video!?! Extreme silver hoard.

Ok guys, own up to it. Which forum member is this?

[video=youtube;vtg08jhQ1p4]http://www.youtube.com/watch?v=vtg08jhQ1p4&sns=em[/video]

 

Log in or Sign up to hide this ad.

Not sure about "extreme". Its a nice hoard, bigger than mine, but if I ever was "serious" about wishing to hoard silver at the expense of buying ancient coins and gold, eh. Stayed tuned, could be me in 30 years.

I would label an extreme hoard something like the Redfield or Binion hoard of silver dollars. THOSE men could hoard!

 

Too young to be Doug.

 

Well yeah extreme would be taking it too far if we added actual hoards like that. But for this to be a small personal hoard buried out back somewhere, well im guessing there arent too many of us up here with stacks like all that. I could very well be wrong though. IM hoping one day mine will reach those levels, but at what point do you stop collecting random silver coins and just start converting most everything up to 20, 50, 100 ounce units. In other words is it necessary to have 200 1 oz bars when you also have 200 generic rounds and 500 government bullion rounds. Or would the better play be to have 6-7 100 ounce bars and the rest divided up to smaller units. I mean he obviously had more than enough dimes, quarters, halves, and morgans to barter with. Guess he just enjoys them as coins.

 

Some people, (I will include myself in this to a point), simply love silver. Back when it was only $4 an ounce, going out and buy a couple of rolls was not that great of a luxury purchase. I would like silver to be back there, where I would just buy a couple of rolls for fun on a whim. Its getting there, if the premiums on junk would drop back to normal its just $150 and change for a roll. Not too bad to buy a roll for funsies once a month for something to do.

I would actually like to buy a whole mess of world gold, but personally believe gold has further to fall at this point to get back into line with what "fair value" is in my mind. Get it around $1000 an ounce, and I will be buying up misc world gold just for fun. I still remember when I could buy roosters and the like for $69. Those days will never come again, but for $200 or so they would be fun purchases.

I guess my point is for people like this, they are not buying to "survive" something, they buy it and hoard it as their way of life. Its just what some people do for enjoyment. TBH, looks pretty dang fun to me too!!!

 

I was thinking "Green18"...

I like his "Kooka-bears"!

Poor fella...I hope he doesn't plan to retire soon. He made the video January 18, 2013 and here's the silver chart since then...$32 to less than $22. :so-sad:

 

Yeah. Most guys like this I know, (and I do know some guys with at least this much PM), usually are "hard money" guys who basically have ALL of their money in PM. Anyone thinking how "cool" this would be should always remember today, reading this post. Imagine if YOU had all of your money in PM and were about to retire this year. How good would you be feeling right now? Pretty upset? Same can be said of those wishing to retire in early 2009 and had all of their money in stocks, or mid 80's and had all of their money in farmland. NEVER have all of your money tied up in only one asset class. NEVER.

PM WILL come back, just like stocks and farmland came back. However, that does you no good if you need the money NOW, and cannot wait for 5-10 years, right?

I have said it before, it just feel weird saying this here. I am used to trying to tell people in stocks to diversify, that they should be buying PM and land. It just so happens on CT its the opposite, too many people like PM too much, and are TOO far diversified away from traditional investments. Oh well, same argument works both ways. In the 2000's I was really glad I owned PM, in the last 5 years I am really glad I owned farmland, and this year I am really glad I kept stocks. Spread your bets around and you shouldn't get hosed totally come what may.

 

Truer words have never been spoken! :thumb:

[video=youtube_share;HX0fIi3H-es]http://youtu.be/HX0fIi3H-es[/video]

​

 

From the youtube comments.....

What if something happens to his friend? If his friend is the only one who knows where it's buried and he kicks, the old man is going to spend the rest of his days with a shovel.

 

Perhaps some of these fellas could help him look...

 

I don't think I have a friend good enough to say, "Yeah, help me take inventory of all this silver and then go bury it some place where I do not know where it is at."

 

More to the point, if he isn't the inheritor of the land and there is nothing documented in writing, well he is SOL. The land and anything buried on it belongs to the new owner, simple as that. Sure hope he has a written contract specifying the arrangement and the temporary nature of the storage. And let us not forget that gent in Nevada whose wife had a boyfriend who killed the husband just so they could loot the buried vaults of silver.

 

If you bury your PMs (on your land), but someone else owns the mineral rights, can you dig it back up again? :scratch:

 

Mineral rights pertain to geologic minerals. I do not believe they would apply to lost property, unless that lost property is silver ore. At least that would be my argument if i owned the land but not the mineral rights. I do not own any land though without mineral rights.