We are playing a dangerous game, aren't we?

Yeah coins with numismatic value are dangerous but putting a huge percentage of your net worth into silver isn't at all!

I don't care what anyone does with their money but it sure seems like a lot in the stacking community are partially brainwashed. I was watching a coinweek video the other day and one of the recommended videos was titled "Why silver won't reach $100 an ounce in 2018". Way to go out on a limb!!!!! But the sad thing is a lot of these people who literally take their paycheck and turn it into silver rounds really do have expectations that are that absurd.

It's sad because if they would take their big savings mentality and put it into something with an actual long term track record of growth (like the stock market perhaps) and just use a small portion to get their PM fix in these kids would be millionaires by the time they're 40. Instead they'll run out of room to store this stuff by the time they're 25 because storage becomes a huge issue long before the value becomes substantial.

 

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Partially?!?!? He says "Partially"???!!

 

“The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets. We have seen the 2018 low for gold,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional Numismatists Guild (PNG)."

This was when gold touched $1241. So much for that. "True believers" HAVE TO spew this garbage. It's marketing.

 

Agreed. And possibly the argument was framed incorrectly from the OP. Should have read " "oh stay away from all the slabbed bullion coins and they are dangerous"?

 

I'd like to see silver really drop to the point it closes down the stacking nonsense.
Same with gold.
I'd also like to see jail time for those who predicted $5K per oz. gold.

 

you mean that radiation is not dangerous?

gee.

 

Speaking of dangerous, do we REALLY want to consider criminalizing "stupid"? I don't think we have the cell space.

 

A good bit of it is not.

 

I want to know when the mint is going to produce a 5oz gold puck ?

drive the stackers crazy then. Or the numismatics ... or just everyone on "why"

If silver/gold prices totally crashed to 2/3 of current prices I'm curious on how it would affect the psychology of stackers. Would they keep buying .. or stop ?? I would think they would keep buying for some reason to decrease the overall price of their stacks.

But it doesn't take much of a safe to stack a boatload of silver and be safe (secure about the anti-theft) about it. This was discussed in another thread ad-nauseam.

 

Stackers stack. It's what they do. Silver is approaching 1/3 of its top price, not 2/3. Stackers stacked then, because "it was going to the moon". Now they stack because its cheap, as if...
Ackers-stay are umb-day.

 

I think you meant "decrease the overall cost basis of their stacks". For sure! If I could get my CB below $15 I'd be pretty happy.
I don't think silver can drop 2/3 from here... below what it costs to mine it. I could be wrong.

 

There’s no reason why silver could not breach the cost of mining it. That’s just like oil and agriculture commodities.

When prices crash, oil companies quit drilling and turn down the production spigots and farmers plant more profitable crops.

Silver miners will just quit mining until prices are more in their favor.

 

Yup, WAAAAAAAAY more than enough in weak hands in stacks.

 

Just a passing thought. What if, and it’s a huge if, all of this silver in silver coins being stashed away hit the market in huge quantities?

Would buyers simply discount their offers to take advantage — or would it crash the spot price?

 

I am quite sure the spot market would throughly collapse.

 

So the death penalty then...

 

Interesting... So then we could completely get rid of the Bullion section, you're saying?

 

I stack, but I'm also a pyschopath who takes inspiration from the stereotypical miser, rubbing his scrawny hands over a massive pile of coins. I can't afford to do it with $100 Bills.

Watch out for me on the next episode of "Hoarders".

 

Nah, the place is good for laughs at times. The 'mud slinging' at times is fun to watch.