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<p>[QUOTE=&quot;doug444, post: 1925668, member: 38849&quot;]I would encourage you to buy nothing except junk silver -- dimes, quarters, and halves.&nbsp; If you buy bars or rounds, down the line you may have to convince someone that they are really silver, and not plated, and not Chinese fakes.&nbsp; If the dollar collapses over the next 5 years, and you need to &quot;spend&quot; some of your silver for food, etc., how is anyone going to &quot;make change&quot; for a 10-ounce bar??&nbsp; I like the &quot;loaf of bread&quot; analogy.&nbsp; Right now, a silver dime conveniently buys a loaf of bread (~$1.50 or so).&nbsp; Hyperinflation comes, bread costs $3.50 a loaf, and a silver dime will probably STILL buy a loaf of bread.&nbsp; <u>The only reason to stack silver is to protect the purchasing power of your dollar</u>.&nbsp; If you buy eagles, or graded Mint products, or bars, or rounds, you are not really a stacker.&nbsp; The premium you pay now (over melt) will vaporize eventually.&nbsp; In addition, junk silver is seldom faked or counterfeited -- it&#039;s too much trouble for the small amount of money involved.&nbsp; I would agree with someone who wrote that big bars may have the lowest premium of all, but the problem is using them efficiently in everyday commerce.</p><p><br /></p><p>I prefer silver to gold because I believe silver will double in price before gold does.&nbsp; Silver has a drawback, it&#039;s exceedingly heavy in large (stacker) quantities, and it takes up a lot of room, whereas you can hide an ounce of gold a thousand places in your home.</p><p><br /></p><p>I generally catch a lot of flack when I type out these paragraphs, but I don&#039;t care. </p><p><br /></p><p>Another point or two:&nbsp; you don&#039;t try to &quot;trade&quot; silver, buying and selling your stash every time it&#039;s up or down a buck.&nbsp; This does NOT work.&nbsp; The silver you buy, plan to hold it 10 or 15 years, until things calm down.&nbsp; Don&#039;t tell friends you&#039;re stacking PMs.&nbsp; Protect them the best you can from theft, tornadoes and hurricanes, and fire.&nbsp; If you decide to keep them in a safe deposit box, choose a Credit Union, not a bank.&nbsp; The drawback to a box is that it centralizes all your valuables in one location, and if something big happens, financial institutions may lock their doors, and you&#039;re cut off from your PMs for a long time.&nbsp; One last thing -- certain cash transactions generate a 1099 which then becomes part of your IRS or DHS records.&nbsp; Here&#039;s an example; in November, I opened a new brokerage account.&nbsp; I didn&#039;t like the service, and I didn&#039;t like the moron at the other end of the phone.&nbsp; In March, I closed the account.&nbsp; Two weeks later, I got an inquiry why I had opened and closed an account within a 3-month period, and never completed a transaction.&nbsp; This is not an uncommon level of intrusion in this country today.&nbsp; It&#039;s going to end badly.</p><p><br /></p><p>Don&#039;t believe me?&nbsp; Here it is, edited:</p><p><br /></p><p><b>&quot;xxxxxxxxxx (and all broker dealers) is required by the USA PATRIOT Act and the Financial Industry Regulatory Authority (“FINRA”) to perform due diligence, in order to “know our customers”.&nbsp; Because of these regulations, xxxxxxxxxx does periodic reviews of accounts and follows up with customers, if we feel we need more information in regards to account activity.</b></p><p><b><br /></b></p><p><b>Your brokerage account #xxxxxxxx was recently reviewed, and it appears that, since the inception of your account, you have deposited funds into your account, and subsequently removed those funds, with no trading activity at all. Please explain the reason for these cash transactions.&quot; </b></p><p><b><br /></b></p><p>That ought to sober everybody up...</p><p><br /></p><p>Good luck.[/QUOTE]</p><p><br /></p>

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