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Silver stacking, perfect timing

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    mritchie77's Avatar
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    I do a lot of pre '64 US coins. I work at a bank and various forms of silver come in all of the time. I have picked up several thousand in silver since I started working at a bank, all for face value. It helps that I am a coin and paper money collector and know what to look for. I have about one thousand in older US currency '34 and older that I have stockpiled as well. I also pick up special serial numbers, uncurculated currency (after '34) and others that I flip on ebay and my coin dealer. Helps but cash in the pocket for the other collections as well. I originally started scrapping to help pay for my graded currency and coin sets but 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.

    Never got into electronic trading of silver or other metals. My dad is still sort of a doomsday prepper and always said that if you didn't have physical access to it, that it was worthless. I tend to agree. I'd keep my stash at home in an expensive vault, but I live in an apartment so for the time being it is all in a SDB at my work.

    Last edited by mritchie77; 07-30-2016 at 05:53 PM.

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    ItAllAddsUp is offline Metal Recycling Entrepreneur
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    My dad is still sort of a doomsday prepper><>>>>

    You say that like it is a bad thing. Anytime someone questions hard currency I simply say got back to 1933 and put $10000 in paper currency into a box and $10000 in face value of gold coins and then you can keep one box. Which do you keep?

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    HipoGear is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by mritchie77 View Post
    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..
    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

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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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    Quote Originally Posted by jiffy117 View Post
    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...
    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.

    Quote Originally Posted by submarinepainter View Post
    I have always wondered how to stockpile antibiotics , reading on prepper sites it could be worth money, ???
    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

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