We all stack PM's for different reasons. The two reasons I hear more than any other is that it is a hedge against inflation and that the powers that be would not be able to touch this form of valuable because its physical and held by you personally. So how would you liquidate your stash in a scenario of the EDITED: Langauage violation in title and post! READ the RULES. Most people at this moment in time will not buy PM's because they would spend it on everyday essentials rather than a shiny silver bar. So honestly how do you think to liquidate it. Barter with it?
Shhhh. Don't ask silver stackers to plan this out. Their brains will explode. I think they're counting on black magic and incantations. The only EDITED you can count on is installing said F sideways under the outhouse. Then you need to worry about splatter.
Interesting how so many PM "true believers" haven't thought about the fact that it just might have been the existence of PM-based money that MADE the proverbial Edited every few years, huh? Maybe PM's aren't the remedy, but the disease.
All my PMs are in Colloidal form. So they're as liquid as they're gonna get. But when the zombies attack, I'm afraid I'm gonna have to leave the PMs behind and only carry lead encased in brass. Any demise in civility one is going to have to realize carrying tons of PMs just isn't going to work well when one has to evacuate for safety. So, why bother having them to begin with ? At least I can drink and cook with mine
I don't need everyday essentials. My only essential is buy more silver before it goes up. Silver is my essential, along with copper and lead, of course. And when the Edited you'll wish you had stacked more and worried less about how to liquidate it. Yes Kurt, like coins and other things I enjoy, stacking silver is a disease, but one that I can live with. lol
It is, as long as you're joking. Some people take that stuff seriously. Ever see pictures of agyria sufferers? Smurfs, except for size.
Yes, abbreviations, spaces, etc. doesn't change unacceptable to acceptable. You know where to find the rules, Read Doug's section on such.
Tough to answer, given today's smash and grab climate. I say hold it and wait for the crash. It won't be much longer. We should be in a war with somebody any day now with large scale famine not too far behind. Be patient and watch out for falling rooftop human debris. Oh and don't forget, take PHYSICAL possession of your pms (as awkward as that may sound) and not some piece of paper 'promising' to give you 'more' versus that possession. Otherwise in the the end, all you'll have is that piece of paper and it won't be worth much more than Zimbabwe's once valued currency, and a more 'practical' use will avail itself for that promise of paper nothingness to be used for (hint: it relates to a seated position and has to do with the 'bottom' dropping out..literally).
Well I'd probably use something with high heat to melt my coins down to a liquid form. That's how I would liquidate it. Now keeping it as a liquid would be the hard part.
I recommend physical possession too. As in ETFs you probably pay a buy in/sell out trade fee. Plus quarterly storage fees and who knows what else. Those really raise your breakeven point. So if PM prices do NOT consistently go up over time ... you end up being upside down on paper PMs and it becomes a losing proposition.
I buy and sell throughout the year. I hope it goes up so I have more money for a vacation that year. If it tanks, well I don't have enough invested in it to hurt and I'll hang on to it for awhile. It's just fun to have possession of for me.
Smash and grab! Partake of it now, just like our corporate masters are showing us as an example! During the end times, it will be too late (except for those top tiered exploiters that have amassed such massive volumes of wealth that their very existence insures their continued being). We do just like they do. Invest in nothing or nobody. Just take, smash and grab. Deleted~ Political rant. Take it top partisanlines.com What you can't pay for now? Just dump the debt onto someone else. Not your problem. It's theirs. See how easy?