Silver: OH This Is Going To Be Good...

@ trout1105: Yes, he has done very well so far. Hopefully silver stays on a roll, he has 16 and 14 year old daughters that are dependent on the price of silver to pay for their college since all of their college savings are in silver as well.

@ Ed_B: Yes, $30,000 is an impressive stack, but I still don't see you as a stacker. Earlier you said that you are holding 2% of your investments in silver. That would put your total investments at about $1.5 million. In that context you are only dipping your toe in the water when it comes to silver. If the price of silver crashes it won't affect your life much at all. It is not different than if you made a bad bet on a stock.

To me, a stacker is someone that has given up on other forms of investing and are holding the majority of their net worth in PM's. The man I mentioned above is a stacker. If the price of silver crashes he will lose his entire net worth.

Several years ago, before the GFC, a professional investment advisor said to me that it can be prudent to put up to 5% of your investments into bullion. He then clarified that by saying that the ovearall 5% could include stamps, coins, artworks as well as bullion. Depended on what the investor best understood and enjoyed.

I guess everyone has different descriptions of a stacker but I think that people that are building a 'pile' of PM to keep for a secure store of value are stackers. They basically are holding on for the most part forever or until/unless a time arises that the PMs are used as a method of pmt in dire times. Yes, some may be sold for a necessity but in general the PM is kept. The 'stack' starts someplace and you don't have 50percent of total assets from the start. I think its gradually acquired. Just my thoughts