How much silver do you have?

Log in or Sign up to hide this ad.

Oh dude, you seriously do NOT want to go THERE, trust me. I was coming out of my "playing soccer" phase and getting ready to make a cross-country move that then never happened. So that year I had to answer a gazillion "I thought you were outta here" questions at the beginning of the school year. Had I moved, I might have been an SEC fan rather than a Big 10, no, 11, no, 14, fan.

 

That makes you absolutely the exception to the rule. WELL OVER 90% of commodity speculators lose their shirts - not a sound plan for any 14-year-old's future.

 

And then there was the sad story of a co-worker of mine who was convinced to put his home equity into silver at $50 an ounce.

I always admired him for not hanging himself.

 

I had a friend and (photo business) good customer that built a fortune during the 1980's run-up. When it all went super-bad later, he blew his brains out in his garage with a .45.

 

Kurt was never 14. He went right from pre-teen to middle age.

When I was 14, I had accumulated a few hundred Morgan dollars from gambling at pool.

Chris

 

Well, aren't you just a ray of sunshine today, lol.

 

Just put in on the pile with all the other reasons I believe "stacking" is "idiocy on parade".

 

Actually, you're almost right. I DID go right from pre-teen to middle age, spent several decades there, had a near-death injury, and have been rolling the clock backwards ever since.

 

Man! That sounds awful. I feel bad for him. My brother shot himself through the mouth in February 2005 because he pretty much hit skid row.

 

Regarding .999 silver, I only have the 1997 U.S. bullion coin for my type set. Otherwise, I currently have around 6 pounds in various common/semi common U.S. coins.

 

Damn! Sometimes my lucky guesses don't feel so good.

Chris

 

Don't worry about it. I'll soon be 27 and know what a 65-year-old knows. I'll have it made!

 

I'd put both a 529 college savings plan AND a highly liquid emergency fund WAAAAAAAY ahead of dabbling in silver, which is both illiquid and dripping with transactional and storage costs. Silver starts out in a HUGE hole.

 

The absolute WORST thing to do is get hooked on an ideology about PM's. This is a path to CERTAIN ruin. It NEVER ends well for anyone other than the guy who wrote the content on the website you read and sold you the fabulously valuable metal in exchange for your nearly worthless fiat currency. WAKE UP, VICTIMS!!!!

If you emotionally can't just as easily sell as buy metals, you're ALREADY a victim chasing doom.

 

How much silver? Probably way too much to carry if the zombie apocalypse ensues.........


And welcome to the forum, dear young fellow.

 

Around 1977 when I was about 14 the coin shop in the mall didn't want to sell me so many scrap morgans for $10 each. You know what happened, I was back a year or two later selling them for $28. Now I have about 3% of my net in physical silver. 2 days before Brexit I sold my 3x long silver ETN and bought 3x inverse ETN. Very bad . lol

 

I'd hate to find out if anyone I know bought into those Gold/Silver rollover IRAs during the gold/silver runup the other year.

 

When I was 14 I was chasing women (actually young teenage girls) in my fast car (1967 Chevrolet Chevelle SS with a 413 Big Block engine) on the strip in West Texas. The only coins I was interested in were quarters so I could play PAC-Man at the local 7-11 or Handy Hut!!!! Ah...those were the days.