Why Most Stackers Fail

Discussion in 'Bullion Investing' started by FryDaddyJr, Mar 30, 2021.

  1. juris klavins

    juris klavins Well-Known Member

    Reminds me of the classic Richard Pryor comedy skit about drinking:
    (Drunk guy in a bar):"...baby, I'm buying everybody in here sumpin'...gimme a beer, for everybody, one ** beer, ha...whoo!..." :yack:
     
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  3. Cheech9712

    Cheech9712 Every thing is a guess

    That live version sucked. You can do better. I’m following you!!!!!!!
     
  4. Cheech9712

    Cheech9712 Every thing is a guess

    No not with metals. You have no opinion to change your future. It’s like mom telling you to go to bed. Locked in a room till the sun comes up. Ma has all the control
     
  5. Cheech9712

    Cheech9712 Every thing is a guess

    !
    @furryfrog02
     
  6. Cheech9712

    Cheech9712 Every thing is a guess

    Buddy Epstine. (Jed Clampit)
     
  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I think you mean Buddy Ebsen.
     
  8. Cheech9712

    Cheech9712 Every thing is a guess

    Most of you members hoard useless coins. You all need to learn how to collect. Your missing out on a lot. I got a case of Vermont quaters. Won 241 W’s in one case. Do you really want 200 Vermont W’s. You guys don’t even know how to return the favor. Sent out over 100 plus freebees and received 4 gifts in return. Hoarding sucks. Learn how to make long time friends like @Kentucky advance others collection
     
  9. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Maybe I’m just slow, but I don’t get your meaning.
     
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  10. slackaction1

    slackaction1 Supporter! Supporter

    Me either Toughcoins, I reread it to see if I missed something.. but everyone left and I am still at the bar.. USELESS coins you mean like a bent or damaged coin I spend them and dont collect damaged unless it 64 or older, hole, or even toned coins. but some of my JUNK silver could be under useless I guess but sure looks nice 40 stacked inside a tube... selling 200.00 plus
     
    Last edited: Apr 10, 2021 at 10:10 AM
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  11. crazyd

    crazyd Active Member

    I am never quite sure what all the differences are between terms stackers, collectors, savers, investors, etc.. I like to collect and I like having a form of emergency savings. When I collect I often pay a premium for a PM coin I love to look at. When I am thinking savings its basic uncirculated AGE/ASE or maples at the lowest premiums I can find (not these days). For me "investing" for 401K and Stock market, although most of my silver and gold has appreciated reasonably well.

    As far as the emergency savings part I am fortunate/lucky enough (so far) that I have not experience a significant enough financial emergency to liquidate my silver and gold. However I have seen enough economic recessions and personal/job loss among friends and family to sleep better at night knowing I have some PM's that could help me for many months. I suspect I may get well into retirement at some point and sell off most of it.
     
  12. Cinco71

    Cinco71 Member

    Going to have to agree with @crazyd here in that I'm not going to obsess with getting the absolute best price down to a penny on every last coin I own. I collect them with the bonus being (compared to most other things I collect) they should maintain a significant portion of their value. I refuse to be checking the price of silver every morning when I'd rather just have coins that I like looking at, that have a bit of historic or artistic value, and later in life they'll either get sold or handed over to someone in my family who'll appreciate them.
     
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  13. lordmarcovan

    lordmarcovan Eclectic & avid numismatist Moderator

    Stacking?

    C'mon, how hard can it be?

    You put one down right there.

    Stack another one on top of it.

    Stack yet another one on top of that.

    Repeat.

    Boom, you're a successful stacker.

    Oh, you mean make a profit?

    Ha. Who says that has to be one of the rules of success? ;)
     
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  14. slackaction1

    slackaction1 Supporter! Supporter

    Never could figure out how you can fail stacking money..
     
  15. Gam3rBlake

    Gam3rBlake Well-Known Member

    I had to sell a couple of 2015 American Silver Eagles today. No biggie though since I have tubes of them.
     
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  16. FryDaddyJr

    FryDaddyJr Junior Member


    if it all gets stolen for one, compared to say a few hundred thousand in a vanguard dividend account
     
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  17. FryDaddyJr

    FryDaddyJr Junior Member


    you should have watched the video
     
  18. slackaction1

    slackaction1 Supporter! Supporter

    I DID watch... same stuff as I have read before and made some of the mistakes on video. But get stolen??? Well I will take my chances.. 401k have had one since Employer starting contributing with 25 cents on a dollar up to certain percentage.
     
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  19. -jeffB

    -jeffB Greshams LEO Supporter

    For the sake of fairness, I should admit here that I've actually had a 401(k) stolen. My first post-grad-school employer started playing fast and loose with financials, including failing to deposit 401(k) contributions we'd had withheld from our wages. We did get most of that back in the bankruptcy, though.
     
  20. medoraman

    medoraman Supporter! Supporter

    I agree with @ToughCOINS post. Most fail because they concentrate too much on stacking, not enough on the rest of their financial life. If you store too much of your money in one asset, if you get into trouble you have to sell whatever the market is. Invest in yourself first, then investments after you have savings to cover a car accident and other things in life.

    Another reason they fail is that they start when too many people are talking about pm, like now. Then they lose interest until the next crisis comes along, missing out on years in between when prices and premiums are down. Best time to buy any asset is when no one else wants it, worst time is when its "hot", but like most small investors in other things, too many pm investors do just the opposite. Slow acquisition over time is the only guaranteed good way. If you have great foresight and can time effectively, good for you, but it's not easy to recommend to others.
     
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  21. FryDaddyJr

    FryDaddyJr Junior Member

    there's a youtube channel called Silver Joker. This guy CAN'T go one week without buying silver and it's usually haphazard stuff
     
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