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hoarding silver what's a decent amount of a hoard?
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<p>[QUOTE="krispy, post: 665807, member: 19065"]Like Crusty said, hoarding has a certain connotation that some hold to it as an effective term. </p><p><br /></p><p>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? </p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 665807, member: 19065"]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.[/QUOTE]
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hoarding silver what's a decent amount of a hoard?
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