I sure hope the owner has invested in an education, as well as a safe deposit box. As a coin hoarder, I would love to have such a stash. But, if all of your money is in PM, how do you sleep at night? Wouldn't you always be afraid of someone stealing it? Actually, younger people getting into PM stacking is starting to make more sense to me, since I have been reading a lot more about how they on the whole are less likely to have credit card debt as well. Seems to me they were traumatized by the dot-com and housing bubble crash in their formative years, and for all of the 2000's they saw PM going up. So, in their minds, the only answer to "real wealth" is physical PM. For me, I saw PM going up then crash spectacularly, then spend 20 years doing nothing. I guess that is the baseline for my opinions on PM. It makes it more understandable to me where they are coming from. However, just like I was wrong in the early 2000's when I saw PM going up thinking it was unsustainable, I would argue their world view that only PM is a valid source of wealth is also wrong. We all have upbringings that affect us greatly, sometimes more than we know.
Yes Chris, the problem is their time frame is too short. They do not have the whole picture. The young folks are making their best decisions they can with their limited information. The only real cure is more spins around the Sun. It got so frustrating seeing the "ponytails" arguing with the "greybeards" when Ag was in the forties. The train wreck was obvious, and many tried to warn. Of course it was not to be. Hopefully, most folks were still dealing with only small amounts of wealth at this point in their investing careers. If so, there will be time to learn and rebuild. I do agree with you, that even investing wrong, is better than not investing at all and ****ing it away in beers instead. Man, when silver was in forties and I took my short position, it was the biggest softball I have ever seen in my entire investing career. All that was needed to do was to bend over and pick up the hundred dollar bills. Well, that op is over but there WILL be a next time. Another time and a other place and I hope our stacker friends will be there for it. Cheers, Mike
