Ideal number of ounces

I can tell you live in the Tri State area.........you devil.

 

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No.

Too much depends on something you haven't provided: Purpose. Specifically, what are you trying to accomplish by buying silver?

Once we have purpose, it would still be difficult to give a number because it's also relative. What would be enough to satisfy a 16 year old earning minimum wage would probably not be sufficient to satisfy a person earning a six figure income.

Unless your purpose is related to the physical benefits of silver (i.e. Making silver bullets, or using it as an antibiotic, or for water purification), then it's likely also based on the price of silver. So is it best shoot for 500 ounces of silver, or $7500 worth of silver? If it is the latter, do you adjust your investment if the price of silver falls? ...and if it rises?

If you're looking to set a goal, first determine your purpose. Then determine how much silver will be required to accomplish that purpose, and that should be your goal.

 

Dow Jones, I'd also suggest getting a new avatar...

 

Say 15 ounces Ag for every 1 of Au?

If you were a super doomer, maybe cycle 15% of your savings into PMs by Dollar-Cost Averaging on schedule or incrementally buy on retracements: Silver under ~USD 16.50 and Gold under 1200.

When buying, I'd look at a Five- and Ten-Year chart of the Ag/Au ratio and grab whichever looks relatively cheaper. Silver @70-100 ounces per 1 Ozt Au? Cheap. Don't forget the premiums.

 

OP, do you want to own PM as a hedge against other investments, or because you want to collect it? If to collect, then buy what you want, but only use hobby money, not investment money. If it's to hedge other exposures, then it will depend on both the other asset types and amount. I do 5-10% in pm, but that is because I have a lot of assets in very volatile stocks.

So, like most things, it depends.

 

I also recommend the 5-10 % in pm also, but 75% of that in mining companies and 25% in bullion for myself. I have real estate and other skills.

My Bullion has gone down with everyone else's, but the mining stocks are up 20 % in last quarter, but can be volatile as medoraman says.

 

I too try to follow that strategy, Jim. I used to have a lot invested in gold mining owned by my employer, but when Santa Fe sold off their mining interests, we were forced to sell it.

 

Done

 

I am inclined towards the "hedge or off set." You must have had a good day if you carried minning stocks yesterday. All of them did well some better than others.

GGGoldcorp Inc. (USA)
AUYYamana Gold Inc
KGCKinross Gold Corp...
ABXBarrick Gold Corp...
SLWSilver Wheaton Co...

 

You could ask the Hunt brothers. I think prosecution point is somewhere around 80% of the world's reserves.

 

Hmm, a concrete bunker with its own water supply. Guns and ammo, of course. Your own buried supply of gasoline.
Silver and gold, because people will want something real in exchange. Fiat paper money is a modern invention.
How many tons is enough?
Actually, if things collapse that far, its going to be dog eat dog. If you have anything of value, you will be a target. Best chance at survival would be to build a bunker in the middle of nowhere. People=Enemy.
And zombies? I don't get it

 

WAY TO GO YOUNG MAN!!!!!!!!!!!

 

I can't give you a specific number, but I can give you a specific answer: As many ounces as you can afford to lose.

It defeats the purpose of acquiring metals if you are ever forced into a situation to sell when you don't want to. The only way to avoid this is to never require that money back.

I've heard people say a year's equivalent of your salary is a good benchmark. Of course it's good to set goals and achieve milestones, but I don't strive for any specific magic number. I suppose 1,000 ounces is a nice round number, a lofty goal, and a great sized stack, but to me it doesn't seem like enough to retire on unless the price ratios revert to historical norms.

 

i started around the time i was 8

i used every single dollar i got to search through halves from the bank, sold the 40%ers and saved up the money i got for them to buy 90% silver for well below spot at the flea market around the time the recession hit. i sold most of it in April of 2011, but have been re-acquiring since then and now have around 250 oz.

 

The amount of silver would depend on your age and like a previous responder stated, it would depend on your present income level. For no particular reason I think an once per day would suffice. Therefore, if you expect to live another fifty years, eighteen thousand ounces might be a reasonable goal. My choice would be pre1965 US silver coinage, simply because it is recognizable to the vast majority of people, whereas ASE mean nothing to them. Assuming our current economic system goes belly up, having small denomination easy-to-identify coinage will be a good idea. Think ahead to when your physical condition precludes working and you need to have someone do things for you.

 

How much of what depends on your goals. It seems to be the default here that the intent is in anticipation of economic/social collapse? Or some similar catastrophe that would make reduce us to the barter system and make silver suddenly highly valuable.
Given a hope of surviving something like that, silver is a good bet. Its far cheaper than gold and available in a large variety of sizes and purities. Excellent for exchange on a regular basis and/or small purchases. Do you think you are going to get change if you buy a loaf of bread with a 1/10 gold?
I just wonder, how long before the locals figure out you have a stash? How long do you live after they find out?
Maybe your best insurance is to have a lot of kids, boys who can shoot.
Anyway, another thought is, is the next crisis Armageddon? There are signs of this. So, who is going to survive that anyway?
Anyone have experience at this? What's the best method of disposing of your stash at a profit? After all, this is done in ultimate hope of a payoff, right? So how do you go about cashing in on your efforts?

 

Well I look at it this way, Gold / Silver ratio for most of history was 1/15.

I remember reading that soldiers were paid 1 Oz of silver a day or thereabouts.


So if you think you need to survive for a few years....then 1000 Oz is a good target, long term. Now say you have it and the ratio reverts back....now you have a good stand....but I too think brass is important also.


Here are some links to put into perspective..

http://en.wikipedia.org/wiki/Denarius



And a good read on wages etc...

http://ancientcoinsforeducation.org/content/view/79/98/

 

My goal is to leave my kids at least 10k ounces of silver but hopefully closer to 100k ounces of silver and 100-500 ounces of gold.

 

10,000 * 16 = $160,000.00
500 * 1200 = $600,000.00
$160,000.00 + $600,000.00 = $760,000.00

Holy crap thats a lot of money! do you even keep any fiat?