Silver stacking, perfect timing

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Originally Posted by mritchie77

I have since decided to funnel all of my scrapping money into LendingClub where I am getting a steady 9% based off of a formula I came up with over the past six months..

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Lending Club is awesome. I have been playing with it myself for at least six years, maybe longer. I haven't added any cash to my account, but it is currently earning me 11.96%. At one point it was closer to 14% but I prefer the higher APR loans which invariably mean more defaults over time. I really should consider adding more cash to it but just paying the bills every month has been too hard lately.

Compound interest is amazing if you can get yourself on the right side of it ;)

I used to use Acorns, which would round up dollars and put them into ETF's but I'm pretty conservative in investing and wanted almost guaranteed returns. So far no defaults, but the lowest loan I buy into is B4 with 0 delinquencies in the last two years. As I get a bigger built up stash I might go riskier, but for now I am content.

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Originally Posted by jiffy117

I agree with the AG being the better buy. Its easier for silver to double in price than gold.. I also bough some platinum as that is quite undervalued I feel. Bought that near bottom as well. Part luck, part reading the cards.. I knew with world going to sh!t that PM's would become quite popular again. Then Brexit was a nice gift that pushed silver above $20 mark. Now my concern is when to sell, but I feel there is plenty of growth to go. I bought from eBay and JM bullion. The trick is where to convert it back into cash. If I sell it on eBay I take a 15%+ hit, if I sell to local gold shop I take a 20-30% hit. If I sell on CL I risk getting scammed or mugged. So I sit and wait...

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I have been thinking about how to sell and be safe. It just occurred to me a way that might help with the safety issue. I think I would advertise 5 or 10 OZ on craigslist. I would meet with buyers and make the deal. The deal would be small enough that the risk of getting robbed would be fairly small and you would be able to meet the individuals. I would probably make several deals to meet more than one buyer. It is my thought that you would probably come across at least one or two who would look and seem okay that would be interested in buying more and possibly larger quantities that you could arrange to make larger transactions at a later time.

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Originally Posted by submarinepainter

I have always wondered how to stockpile antibiotics , reading on prepper sites it could be worth money, ???

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Here is how to stockpile antibiotics. The top of the search should be Doc Bones and Nurse Amy if the search is the same on your page as it is on mine (that is the podcast you want), but I would imagine all the podcasts there would give you information you could use.... Antibiotics | The Survival Podcast

Excellent idea t00nces about doing a test sell. I know I would love to have a local spot/just bellow spot seller to buy from. Its a win win if you can find the right buyer.

Since I do not depend on my scrap money to make a living or pay bills, about 95% of what I get goes towards AU and AG. I get bullion, silver dollars, 90% junk silver. Time to time I also get some gold, but as stated prior silver has the best upside potential, especially since it is a precious and industrial metal.

I be looking good if the SHTF.

I warn against stockpiling antibiotics long term. Some degrade into lethal chemicals. Others will just hurt you belly very much. If you are serious, take time and learn the healing power of plants.

I invest in metals as an investment, as I don't want to take the time to learn how to play the stock market. If the world descends into chaos while I have a pile of silver and such then great, but my only plan is buying low and selling high. There is certainly many reasons for people to stack metals, your reason is the right reason for you.

If the world collapses I plan on making feminine hygiene products.. lol. I know at least 50% of the population will buy my goods.. and the other 50% will thank me.

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I used to use Acorns, which would round up dollars and put them into ETF's but I'm pretty conservative in investing and wanted almost guaranteed returns. So far no defaults, but the lowest loan I buy into is B4 with 0 delinquencies in the last two years. As I get a bigger built up stash I might go riskier, but for now I am content.

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You're 20 years old.....?? You seem to have had a lot of investment experiences in a short time.

jiffy117- Have fun with your metal investments. If you like doing it, have fun, and don't get burned financially, go for it!! I do own some Silver Eagles (haven't bought any 2016 yet) but that's just for play. I like the 60 degree angle on my wife's and my 401ks growth graph but then again I work for The Man so get a decent match. If I want to gamble more, the Iowaigans have a casino about a dozen miles down the road where I can blow some cash if I feel like it. If a truly SHTF event happens, then katie bar the door and all bets are off. The most carefully lain plans usually start changing as soon as the enemy is engaged for the first time...