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Silver and gold stacking, when did it become so popular?
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<p>[QUOTE="dcau1, post: 1774761, member: 56645"]<span style="color: #000000"><font face="georgia">Back in 2008 I wanted to wanted some exposure to gold but had no idea how to do it other than to pick up a few gold stocks, which I never really held on to. The idea soon petered out and over the following three years or so never gained any traction.</font></span></p><p><br /></p><p><font face="georgia"><span style="color: #000000">I started stacking actual physical 14 months ago but have been interested in the metals for a little longer than that. The tipping point really was just seeing so many red flags appearing economically and realising that our current financial system is structurally flawed. I wanted some money 'off the grid' and felt like, as a responsible saver, I was being penalised through artificial interest rates that were propping up a phoney system and subsidising those irresponsible enough to be in too much debt (i.e. most people). I was getting out of the fake stuff and getting into something real.</span></font></p><p> </p><p><font face="georgia"><span style="color: #000000">Initially I just didn't have the knowledge and no one I knew had ever talked about it. There was a period where buying the actual metals seemed like a new and daunting process and not wanting to make a mistake delayed my first purchase. Where to store them? Which ones to buy? Which dealers could I trust? All the new terminology and different types of bullion; the pros and cons of each. Now it's second nature and something I can see myself doing for the rest of my life until I'm a crusty old man.</span></font></p><p><br /></p><p><font face="Noteworthy-Light"><span style="color: #000000"><font face="georgia">Over that time I have enjoyed watching the number of stackers slowly grow online and seeing the sentiment change along with the price, seeing the weak hands drop out as the price fell, instead of seeing it for the opportunity that it was as the strong hands stayed firm. At the same time I still like how it's a really niche pursuit, which most people have still never heard of. I didn't buy gold at $250/oz or silver at $4/oz but I still like to think I'm getting in close to the ground floor.</font></span></font></p><p><br /></p><p><font face="Noteworthy-Light"><span style="color: #000000"><font face="georgia">My sister recently had her first child. On the day of his birth I bought him a 2oz Year of the Snake and on every birthday he'll get another Perth Mint 1oz coin. I like how he'll be able to tell people when he's older that he was a stacker from the day he was born.</font></span></font>[/QUOTE]</p><p><br /></p>
[QUOTE="dcau1, post: 1774761, member: 56645"][COLOR=#000000][FONT=georgia]Back in 2008 I wanted to wanted some exposure to gold but had no idea how to do it other than to pick up a few gold stocks, which I never really held on to. The idea soon petered out and over the following three years or so never gained any traction.[/FONT][/COLOR] [COLOR=#000000] [/COLOR] [FONT=georgia][COLOR=#000000]I started stacking actual physical 14 months ago but have been interested in the metals for a little longer than that. The tipping point really was just seeing so many red flags appearing economically and realising that our current financial system is structurally flawed. I wanted some money 'off the grid' and felt like, as a responsible saver, I was being penalised through artificial interest rates that were propping up a phoney system and subsidising those irresponsible enough to be in too much debt (i.e. most people). I was getting out of the fake stuff and getting into something real.[/COLOR][/FONT] [FONT=georgia][COLOR=#000000]Initially I just didn't have the knowledge and no one I knew had ever talked about it. There was a period where buying the actual metals seemed like a new and daunting process and not wanting to make a mistake delayed my first purchase. Where to store them? Which ones to buy? Which dealers could I trust? All the new terminology and different types of bullion; the pros and cons of each. Now it's second nature and something I can see myself doing for the rest of my life until I'm a crusty old man.[/COLOR][/FONT] [FONT=Noteworthy-Light][COLOR=#000000] [/COLOR][/FONT] [FONT=Noteworthy-Light][COLOR=#000000][FONT=georgia]Over that time I have enjoyed watching the number of stackers slowly grow online and seeing the sentiment change along with the price, seeing the weak hands drop out as the price fell, instead of seeing it for the opportunity that it was as the strong hands stayed firm. At the same time I still like how it's a really niche pursuit, which most people have still never heard of. I didn't buy gold at $250/oz or silver at $4/oz but I still like to think I'm getting in close to the ground floor.[/FONT][/COLOR][/FONT] [FONT=Noteworthy-Light][COLOR=#000000] [/COLOR][/FONT] [FONT=Noteworthy-Light][COLOR=#000000][FONT=georgia]My sister recently had her first child. On the day of his birth I bought him a 2oz Year of the Snake and on every birthday he'll get another Perth Mint 1oz coin. I like how he'll be able to tell people when he's older that he was a stacker from the day he was born.[/FONT][/COLOR][/FONT][/QUOTE]
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