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<p>[QUOTE="doug5353, post: 2224707, member: 73555"]Glad you asked. It makes sense to "stack" the smallest unit of silver you can, so that a vendor or speculator doesn't have to try to "make change," which could be a deal-killer. Today, at Kroger's, a loaf of bread costs from $1 to $1.25, and that's roughly the value of a silver dime.</p><p><br /></p><p>Way down the line, you walk in with a silver half, and the guy says, "I can't make change for a half; I'll give you one loaf of bread, a jar of grape jelly from 2017, and a jar of peanut butter..." Meanwhile, he's thinking, "Take it or leave it!"</p><p><br /></p><p>Remember the whole purpose of stacking is not to make money, although you might, if you're lucky. It's to preserve the purchasing power of the money you already have, as well as an <u>alternative way</u> to hold capital other than depreciating paper money. </p><p><br /></p><p>There's folks on CT who think they're smarter than the good citizens of Greece, Turkey, Germany, Hungary, Bulgaria, Zimbabwe, Argentina, China, etc., etc., all of whom have seen their paper money go <u>virtually worthless</u> at some point since the 1920s. And these same folks have <u>zero control</u> over what happens. </p><p><br /></p><p>A stacker simply believes that the average person is better off with a substantial part of his liquidity in precious metals instead of paper promises-to-pay. The middle class has already taken a BIG haircut since 2007, and it can happen again. The goal, in simple terms: prepare, but hope nothing happens.</p><p><br /></p><p>Anyone here with Hungarian grandparents? Ask them about 1946-47, when it took over a quadrillion forints (their monetary units) to buy a loaf of bread, and prices changed four times a day.</p><p><br /></p><p>Despite the "strength" of the American economy, there are already some deflationary trends, such as the falling price of oil, copper, aluminum, and coal. In the worst case, first you get deflation (which destroys commerce), later you get hyperinflation (which destroys households).</p><p><br /></p><p>One last point; in the past 3 months, the premium (for 90% silver) has gone from $1 to about $4, spot compared to retail. See Apmex or Provident. Why do you think this happened? And a month's wait for delivery. This is the new normal.[/QUOTE]</p><p><br /></p>
[QUOTE="doug5353, post: 2224707, member: 73555"]Glad you asked. It makes sense to "stack" the smallest unit of silver you can, so that a vendor or speculator doesn't have to try to "make change," which could be a deal-killer. Today, at Kroger's, a loaf of bread costs from $1 to $1.25, and that's roughly the value of a silver dime. Way down the line, you walk in with a silver half, and the guy says, "I can't make change for a half; I'll give you one loaf of bread, a jar of grape jelly from 2017, and a jar of peanut butter..." Meanwhile, he's thinking, "Take it or leave it!" Remember the whole purpose of stacking is not to make money, although you might, if you're lucky. It's to preserve the purchasing power of the money you already have, as well as an [U]alternative way[/U] to hold capital other than depreciating paper money. There's folks on CT who think they're smarter than the good citizens of Greece, Turkey, Germany, Hungary, Bulgaria, Zimbabwe, Argentina, China, etc., etc., all of whom have seen their paper money go [U]virtually worthless[/U] at some point since the 1920s. And these same folks have [U]zero control[/U] over what happens. A stacker simply believes that the average person is better off with a substantial part of his liquidity in precious metals instead of paper promises-to-pay. The middle class has already taken a BIG haircut since 2007, and it can happen again. The goal, in simple terms: prepare, but hope nothing happens. Anyone here with Hungarian grandparents? Ask them about 1946-47, when it took over a quadrillion forints (their monetary units) to buy a loaf of bread, and prices changed four times a day. Despite the "strength" of the American economy, there are already some deflationary trends, such as the falling price of oil, copper, aluminum, and coal. In the worst case, first you get deflation (which destroys commerce), later you get hyperinflation (which destroys households). One last point; in the past 3 months, the premium (for 90% silver) has gone from $1 to about $4, spot compared to retail. See Apmex or Provident. Why do you think this happened? And a month's wait for delivery. This is the new normal.[/QUOTE]
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