Any silver stackers on the board?

bnorth · #1 07-05-2020, 04:08 PM

Quote:

Originally Posted by Snapolit1

Granted these bars are kind of cool, but why not just plow money into a ETF or fund specializing in silver, and not have to worry bout storing bars in a shoebox in your garage and having to sell them some day?

Because when the worlds economy tanks everyone will automatically know silver is worth something. I know when paper money is no longer good I would happily trade food and water for silver because it is so cool and extremely useful.

Snapolit1 · #2 07-05-2020, 08:02 PM

Quote:

Originally Posted by bnorth

Because when the worlds economy tanks everyone will automatically know silver is worth something. I know when paper money is no longer good I would happily trade food and water for silver because it is so cool and extremely useful.

So when the world economy tanks and pandemonium sets in, you are going to walk to the nearest Subway sandwich store (which will be open and have food) and hand a silver bar to some guy in exchange for a few 6 inch subs? Or there will be gas at the nearest place miraculously and the guy happily take a silver bar?

No, I don't get it.

The UK is in its worst economic situation in 300 years. Are there people in pubs in London paying for pints with silver bars?

bnorth · #3 07-05-2020, 08:39 PM

Quote:

Originally Posted by Snapolit1

So when the world economy tanks and pandemonium sets in, you are going to walk to the nearest Subway sandwich store (which will be open and have food) and hand a silver bar to some guy in exchange for a few 6 inch subs? Or there will be gas at the nearest place miraculously and the guy happily take a silver bar?

No, I don't get it.

The UK is in its worst economic situation in 300 years. Are there people in pubs in London paying for pints with silver bars?

I don't get it either. If you go to a prepper site many there can explain(LOL) why silver with be a valuable commodity if everything else fails.

For normal people I could see the coolness of having some silver bars laying around. I know a lot of people with a few of them, nowhere new investment amounts.

Mark17 · #4 07-06-2020, 01:06 AM

Quote:

Originally Posted by bnorth

I don't get it either. If you go to a prepper site many there can explain(LOL) why silver with be a valuable commodity if everything else fails.

For normal people I could see the coolness of having some silver bars laying around. I know a lot of people with a few of them, nowhere new investment amounts.

It's diversification. I see it as a bit of an insurance policy against having everything in digital wealth.

You need some cash of course. Rental real estate is next in my humble opinion. Then stocks. Then tangible assets like vintage cards and metals. And have a pantry full of non-perishable foods, ample supplies of soap, toothpaste, TP, and so on.

Hold some mix of these things and you're about as well fortified as you can be to head into the future.

vintagetoppsguy · #5 07-06-2020, 09:11 AM

Quote:

Originally Posted by bnorth

I don't get it either. If you go to a prepper site many there can explain(LOL) why silver with be a valuable commodity if everything else fails.

For normal people I could see the coolness of having some silver bars laying around. I know a lot of people with a few of them, nowhere new investment amounts.

No matter how much silver I own, I will never look at it as if it's an investment. If one is buying silver as an investment, they are surely to be disappointed. For me, it's diversification and an insurance policy as Mark mentioned. I take a look at everything that's going on within our government where the Treasury printing presses are turning nonstop, and then I look at the massive amounts of debt and I can't help but to wonder how much longer can the house of cards continue to last before it all comes crashing down? Do you think we can really sustain that long term? What is your fiat currency backed by? A promise? Silver has intrinsic value and it's been a form of currency of over 5000 years. I don't put all my money into silver. I have my 401k and HSA that I fully fund, as well as a separate brokerage account and other smaller investments too. I don't put all my eggs in one basket. Silver (or other metals) aren't for everyone. If you don't like it, stay away from it. Don't buy it. But because you don't get it, don't knock me and anyone else for it.

White Borders · #6 07-14-2020, 04:07 AM

I'm not really a silver stacker and I'm not really into numismatics, but I did pick up a couple of Morgan dollars in an auction yesterday.

bbcard1 · #7 07-14-2020, 09:18 AM

An ounce of silver costs about the same as a lot of the commons I collect and is about as much fun to look at if you get if from a country that makes cool coins.

vintagetoppsguy · #8 07-14-2020, 09:46 AM

Quote:

Originally Posted by White Borders

I'm not really a silver stacker and I'm not really into numismatics, but I did pick up a couple of Morgan dollars in an auction yesterday.

Would love to see pics. I don't own any Morgans right now, but I do have a lot of off-condition peace dollars that I bought just for the silver content.

Quote:

Originally Posted by bbcard1

An ounce of silver costs about the same as a lot of the commons I collect and is about as much fun to look at if you get if from a country that makes cool coins.

I love looking at the artwork on some of the coins and rounds from foreign countries. I don't personally buy them because of the high premiums associated with them (I'm more about weight, not collectability), but they sure are nice to look at.

packs · #9 07-14-2020, 11:21 AM

Old coins are probably the sole source of silver that I have. I inherited a coin collection from an uncle, who inherited a large portion of it from my grandmother. I would never sell any of the pieces because of the family connection but my grandmother kept a stash of about 50 (mostly peace with some morgan) dollar coins with her for her entire life. She grew up in the depression and the fear of being left with nothing never left her. Most of the peace dollars are from the 20s and 30s but mixed in are some morgan dollars from the turn of the century. My uncle told me that while she was growing up, my grandmother's family kept them stashed under a floor board in their apartment. When she moved out of the house, her parents gave her the stash as a wedding gift.

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