Silver stacking, perfect timing

I've been stacking silver and other metals since February. I'm up 22% on my lot for the year. Leaving my 401(k) in the dust.. Bought just ahead of the steep increase we have had lately.

Any other stackers out there? If so what is your favorite to acquire?

Originally Posted by mikeinreco

$100 bills

I have lots of $100 bills..... Vet bill, Power bill, Rates bill, Fuel bill, lots of bills......

A lot less risk in FOREX than buying random silver ...
Of course the only physical silver I own are keyboard mylars and bits from circuit breakers !

Originally Posted by sledge

Whew.. I've traded Forex.. talk about walking naked into a dark room and realizing you are in there with hundreds of people looking to shoot you.
I moved to Currency Futures and the risk is only slightly less.. there are forces and controls in the market that none of us are privy too.. and it is a dangerous place. I know from experience and "ticks lost" [...]

The link I gave above also has copper, gold, silver, platinum and palladium .
FOREX is an ... interesting "game" to play.
One minute +$600, the next minute -$120 than all of a sudden +$80 .

Silver Eagles, Canadian Maples, and old junk silver 90% US coins. Been buying small amounts fon years. Some of my early buys were pretty high cost so I am still averaging down. Last fall my seller I had been buying from stopped selling because prices were so low. Had to get a new dealer. Missed the real bottom in the gold market. No spare $ at the time.

Originally Posted by jiffy117

I've been stacking silver and other metals since February. I'm up 22% on my lot for the year. Leaving my 401(k) in the dust.. Bought just ahead of the steep increase we have had lately.

Any other stackers out there? If so what is your favorite to acquire?

I stack, jiffy. With the Au/Ag ratio over 60, Ag is the better buy right now. I buy Au and Ag, bullion and junk, and numis. Don't let people talk you out of using PM's to make and store wealth. I buy from a LCS, I buy from ebay, I buy at flea markets and garage sales and pawn shops. Become familiar with what you like and what you buy. Get a good set of calipers and a gem scale and a RE magnet. Don't bet any more than you are comfortable to lose on any transaction. I stack for my retirement because I have no other vehicle I trust at this time. I have a 401K and a Roth and a brokerage account, but I don't trust the markets and I don't trust the government. If you can't hold it, you don't own it.

PM me if you want me to answer questions or point you in direction to help with your interest.

Todd

Originally Posted by t00nces2

I stack, jiffy. With the Au/Ag ratio over 60, Ag is the better buy right now. I buy Au and Ag, bullion and junk, and numis. Don't let people talk you out of using PM's to make and store wealth. I buy from a LCS, I buy from ebay, I buy at flea markets and garage sales and pawn shops. Become familiar with what you like and what you buy. Get a good set of calipers and a gem scale and a RE magnet. Don't bet any more than you are comfortable to lose on any transaction. I stack for my retirement because I have no other vehicle I trust at this time. I have a 401K and a Roth and a brokerage account, but I don't trust the markets and I don't trust the government. If you can't hold it, you don't own it.

PM me if you want me to answer questions or point you in direction to help with your interest.

Todd

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...

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?

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..

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.

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...

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.

Originally Posted by submarinepainter

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

I didn't intend to say that as a bad thing. I would agree with him on most things: I know how to live off the land (grew up on a ranch), don't like paper money, have an ammo stash, and know how to make ethanol for SHTF. I was merely framing the quote to make sense. While you and I might agree on this, many people would label us as "crazy" so I don't try to praise being a prepper the first time it is brought up.

I can see that Mike. I see it more of a long term investment. I have purchased some of my silver but for face value I just see it getting more and more valuable as I get older (I'm 20 right now). I'm more focused on moving back across the country (IL back to TX) with my wife and trying to start a career in finance. On the topic of the original post though, I keep a spreadsheet of all of the coins I have (type, denomination, silver value) and lately I updated it again to see the new price. Needless to say I was happy as the last time I had checked silver was at $14.50 an ounce.