Kurt, lighten up , every one is trying to get back on track, don't create more unwanted discussion. So let it go all of you.
Well that definitely got interesting.... Some people man, some people... Anyway, I just wanted to say that I personally invest in PM, the ones I can hold, because I am also a coin collector, and they go hand in hand, literally! Unlike most stackers, I do not believe a "end of the world" scenario is going to happen, instead I take more of a realistic approach. I believe silver is going to go up simply because of the fact that Solar is going to become king. And if you know anything about solar, it uses a lot of silver. With that being said I don't think i will have to look very hard to find a buyer.
The silver institute does keep re-enforcing that promise, but since the silver is the most expensive part by weight vendors have been finding substitutes, and aluminum seems to be the most considered as one. Silver does a better job, but twice the amount of aluminum can do as well at 0.6% of the price of silver. There are also metallo-organic compounds being researched that have similar effectiveness. So stacking silver with that idea is like doing so when film photography was on the way down. Collect for the enjoyment and not for expectation of gains. https://www.pv-magazine.com/2015/08/18/natcore-swaps-silver-for-aluminum-in-solar-cells_100020645/
I dont ever expect to make a profit, but I guarantee I wont loose money. Its like a savings account for me.
I have a few gold eagles to tinker around with, but if I want to make a really major buy (for me) in either gold or silver, I'll likely use an exchange traded fund. Easy in, easy out.
I' ll never liqudate for cash. Every coin and metal bar I buy will be gifted to my many children someday. Never having to worry about "buying too high" gives me alot of freedom to buy what I like. Do I want the value to go up? Of course. That is important. I feel as though I'm in good shape regardless, having bought a few thousand ounces last Winter just before it crested $15 per oz. The kids will take it one day. Maybe some will save it, maybe buy a car, or a house down payment. That's my exit strategy.
My parents will leave me a small amount of silver -- maybe $50 FV of silver coins, all common, without any special sentimental value. That's nice, but I sure wish they'd spent it at FACE VALUE on Apple stock a couple of decades back.
Few thousand ounces? Daddy is that you? Im pretty sure im your long last son HAHA. My parents didnt aren't gonna leave sh$#
Jim, I have disengaged this forum as requested. I have tried to register in the other forum and am unable to post still after a day. Am I not allowed there either? Thank you.
Tommy, perhaps an active partitipant of that forum will see and comment or one of the admins. I am not associated with it as this forum takes most of my available time I hope you find enjoyment there. Tommy, no one, including myself requested you to disengage, just that the rules does not allow each member to deem what is acceptable, You still have your posting ability as shown by your post above showing a quote of my post to you. Jim
I'm not expecting Armageddon so PM's are simply a savings (store of wealth) means for me. I'll probably sell them as needed/wanted as I grow older or pass them on. In the event something big occurs (world war, zombies (lol), cashless economy, etc.), I'll spend them just like money (medium of exchange) and already do at times.
I buy as a hobby. I trust in history that silver will likely spike a once or twice before I'm worm food. (Full disclosure: history was never my best subject.). I'll sell during the next spike and start over. I'm looking to buy more but not at the current price. If the GSR go below 30:1 I'll trade for gold. Should none of that happen I'll pass it on. One last thing. When teotw hits and food, medicine, ammo, and booze, are the only things of value I will my 1oz silver rounds and use them a skipping rocks. Always thought they are the perfect size and shape.
Thank you Jim. I do not mean to keep posting here as I realize what's up here but I was advised to go to the other forum and I have. I registered 2 days ago with no ability to post still and no explanations. Posting here has been the only way to get any type of response. Direction please and then I'll leave you all alone. Please and thank you.
This doesn't work. Not only are you not able to post but no explanation is even offered. Need to stop referring folks to this non working site.
If you confirmed your email it clearly states your registration needs to be approved by an administrator. Stop being so dramatic on multiple threads and learn to have patience....