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Don't Understand Why People Stack Non 999 Silver

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Valued Member
United States
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 Posted 06/16/2015  7:51 pm  Show Profile   Bookmark this reply Add BullionPirate to your friends list
What about the sunshine rounds and bars that have the neat mintmark si or whatever its called? I'm sure somebody could figure out how to do it, but it's not something that can be done by hand
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 Posted 06/16/2015  8:23 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list
@BP, That's what I recommended too; sunshine rounds with mintmark si.

However, people still believe 90% silver is harder to fake ... go figure. I guess we really need to have some members who worked at mint facility to share some thoughts on counterfeit difficulties.

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 Posted 06/16/2015  8:32 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
We are not sating it is impossible to fake 90% silver. We are saying it is easier to spot fakes by sight, rather than weighing and doing acid and magnet tests. Plus, you think everyone is going to have one of those cards? And if you have one, is someone going to trust that yours is legit, it is not a matter of logic in a dire situation. People don't always believe in things.
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 Posted 06/16/2015  8:45 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list
There isn't an easy way to test silver now; however, since silver price is so low; it is pretty hard to purchase a fake from most dealers. If Silver becomes highly sought, the most recognized form might be the first victim of counterfeiters. It is just a risk/reward consideration. That's why there are many fake numis on ebay, too.

So for now, I don't see any edge on 90% silver, at all. Other than the "history" hype or numis value sales pitch.

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 Posted 06/16/2015  9:17 pm  Show Profile   Bookmark this reply Add Arkie to your friends list
Why limit it to 90% silver. I've picked up plenty of foreign silver (.835, .720, .640, .300, even .100) at 5 or 6 for a dollar. Got a 1962 peso for 20 cents today. Have picked up a Swiss 5 franc for the same price. Hard to beat.
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 Posted 06/16/2015  9:18 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
You still fail to see what 90% has to offer? Wow. We have explained it already.
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 Posted 06/16/2015  9:19 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
Good prices,

I think we are talking about silver alloys on general.
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 Posted 06/20/2015  3:49 pm  Show Profile   Bookmark this reply Add BullionPirate to your friends list
I don't know if I can post a youtube link, but this is why I think junk silver will be more or less useless in the even of the dollar collapse. most people don't understand pm values

http://www.youtube.com/watch?v=FSqA1dRgfbA
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 Posted 06/20/2015  7:22 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list

Quote:
I don't know if I can post a youtube link, but this is why I think junk silver will be more or less useless in the even of the dollar collapse. most people don't understand pm values
I understand that only two to three percent of the population own silver, so, silver wouldn't be of much use to most people either way.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
06/20/2015 8:53 pm
Valued Member
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 Posted 06/23/2015  02:42 am  Show Profile   Bookmark this reply Add BullionPirate to your friends list

Quote:
I understand that only two to three percent of the population own silver, so, silver wouldn't be of much use to most people either way.


I agree
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Canada
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 Posted 06/23/2015  10:13 am  Show Profile   Bookmark this reply Add Liverpool to your friends list
Wheathunter. Your entry reflects my thoughts on this topic.
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 Posted 06/24/2015  12:17 pm  Show Profile   Bookmark this reply Add tkbslc to your friends list
If you really want to prep for a doomsday scenario, stockpile canned food, water and toilet paper. I think a nice jumbo roll of Charmin will hold value much better than silver after the apocalypse!



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 Posted 06/24/2015  3:00 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list
It may take a long time, if ever, in a doomsday scenario, for silver to ever to be a currency.
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 Posted 06/24/2015  7:59 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list

Quote:
Don't understand why people stack non 999 silver
You do not need to.

People stack/hoard what they want be it food, foreign silver of various ASW, U.S. 40%, 90%, or .999 silver whatever they feel like stacking/hoarding it is their choice. Any reason they give for stacking/hoarding what they do is valid for any number of circumstances.

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 Posted 06/24/2015  9:33 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list

Quote:
If you really want to prep for a doomsday scenario, stockpile canned food, water and toilet paper. I think a nice jumbo roll of Charmin will hold value much better than silver after the apocalypse!
Don't forget cheap whiskey and tobacco. Folks would use oak leaves over Charmin, and skip lunch and dinner, just to keep control of their vices!

Sorry, I'm getting a bit off-topic
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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