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 Replies: 52 / Views: 6,051 |
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Pillar of the Community
 United States
4008 Posts |
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You got that right, Ed! Considering my modest stack, I can only wish I had such problems! Stacks have a way of outgrowing the term "modest". Have faith. It will grow and become a mighty hoard one day... and probably sooner rather than later!  Quote:
Congrads to Ed and silverbug! when's the next 1000oz going to come ? :) Thanks, Pobox... hard to answer that question. I like the silvery stuff a lot but am leaning towards some gold for the next addition... and there won't be anywhere near 1000 oz. of that coming my way!  Still, there is some fiat in my CC account right now that wants outta thea...  |
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Pillar of the Community
United States
2168 Posts |
Ed what are your feelings on the amount of fiat cash and what type? Also how much to keep in a bank? Just wondering. With all the direct deposit and watching of cash used just not sure what to do! Again lucky you and with PMs dropping more again a good time to buy! Thanks!
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Pillar of the Community
United States
4008 Posts |
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Ed what are your feelings on the amount of fiat cash and what type? Also how much to keep in a bank? Just wondering. That would depend completely on the individual. What works for one may or may not work for another. I can only speak for myself on this. In fact, I have done a very poor job of this and am ashamed to admit how much fiat my wife and I have in our local CU. It's WAY more than we should have. I do know at least that much.  My biggest problem is that my wife is pretty protective of "her" money. We do have hers, mine, and ours as far as fiat is concerned. She inherited a good chunk of money from her Mom, who passed away in 2009. The good news is that I do keep some fiat in my safe in case we ever have a bank holiday or other financial disaster that cuts us off from our funds. Right now, that amounts to maybe $3500 or so. These bills are $50s and $100s. I am strongly considering ordering up $2000 in $20s and $1000 in $10s, though. Smaller bills could certainly have their uses. If I were doing a better job of this, we would probably keep about 5-10% of our money in the CU as cash for bill paying and immediate spending needs and the other 90-95% would be converted to gold. That would be more sensible than holding all this fiat. Have to work harder on that and present some convincing arguments.  Yes, PM prices are down right now and it would be a good time to "buy the dips". I am looking at buying some gold, which has just dropped below $1600 for the 1st time in a while. |
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New Member
United States
26 Posts |
congratulations ed. I have been working as hard as possible this year to discover bargains where I can. between all the out of the way antique shops I hit up in the country and a few lucky storage unit finds I am closing in on 400 oz this year. 1000, that will be a nice day.
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Pillar of the Community
United States
1454 Posts |
Surfer,
I started with zero in 2008, but after finally taking the advice of a writer on a site called survivalblog, which I highly recommend, I just kept buying on a regular basis. Now I'm sitting at 933 oz. and counting. It's just a matter of perseverance and prioritization.
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Pillar of the Community
United States
4008 Posts |
Thanks, SS. Your hoard is also coming along very nicely. By doing some careful shopping at a number of different places, you probably have a lower cost per oz. than I do. That adds up over time with either less fiat spent or more ounces acquired. Either way, it is good! |
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Pillar of the Community
Canada
862 Posts |
20oz here I come   (I have to include some Pt if you don't mind) |
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Pillar of the Community
Australia
7096 Posts |
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I have a very hard time spending money after so many years of building wealth. It just seems unnatural to be spending instead of collecting and building. With silver, though, it doesn't feel at all like spending. It's more like converting one kind of money into another kind.
 It's not spending money ,It's converting unstable money into a more stable currency |
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Pillar of the Community
United States
4008 Posts |
Oh my gosh, SB! That pic is so awesome, I almost licked my PC's screen! PMs! Yummm! |
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Pillar of the Community
Canada
1731 Posts |
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Rest in Peace
United States
9104 Posts |
Ever notice how the ppl who get 45+mpg can tell you their mpg to three decimal prices, while the folks getting 10-12mpg prolly can't tell you within 2mpg?
There may be a lesson to be learned here.
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Pillar of the Community
United States
4008 Posts |
Yeah, Fredd, there IS a lesson there. Those who get 10-12 mpg probably don't care what their mileage is and those who get 45 mpg probably bought that vehicle specifically to get that mileage. Yes, there is probably a general lessen here as well.  |
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Rest in Peace
United States
9104 Posts |
I always felt the time to be worried about mpg is when buying a new vehicle. Then you maintain it properly and spend your remaining time on something more reproductive.
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Pillar of the Community
United States
4008 Posts |
Glad to hear that your "reproductive" interests are still intact, Fredd. |
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Pillar of the Community
Mexico
1304 Posts |
Hhahahahaha...oh my...good catch.
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Replies: 52 / Views: 6,051 |
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Posted 05/08/2012 6:27 pm
