How Much Silver Do You Own?

Now here is a guy that knew what to say when it came to PM's, I think I will keep it the same way. for me.

A Carson City, Nev., recluse whose body was found in his home at least a month after he died left only $200 in his bank account.

But as Walter Samaszko Jr.'s house was being cleared for sale, officials made a surprise discovery: gold bars and coins valued at $7 million.

"Nobody had any clue he was hoarding the gold," Carson City Clerk-Recorder Alan Glover told the Las Vegas Sun, adding it was found stored in boxes in the house and garage.

Read more: http://www.foxnews.com/us/2012/09/1...xzz26m9nRIEk

Fortunately, there are many reasons for buying / investing / speculating in PMs. Paper silver and gold just happen to be among them. They are most useful to people who want to make money from the rise in PM prices but who do not want to store and protect physical PMs. Anyone with a retirement plan may be able to invest in PM ETFs, for example, but cannot buy physical PMs with that money. A lot of retirement plans are VERY specific about what can and can't be bought with that money. Anyone who invested their retirement plan in PMs in 1999 has a HUGE smile on their face today. No, they do not have physical PMs but what they do have is a 500% rise in their retirement money that can be used to buy physical PMs at some point. Not doing this probably means that the huge run-up in PM prices was not used to their advantage. Each to their own. That's the beauty of PMs and collecting them.

I have (around) $150 face 90%, about 60 ASE's/Kooks and such and a bunch more in my numismatic collection.

Last year, I went to a Los Angeles County's auction even and there was 2000+ oz of silver being auction off + about 100+ kind of various knives from a single man died a home, alone. His next of kin is an older sister in Germany..... in such case, the most that the heir can get is about 50% and the rest goes to taxes and fees (the auction house take at least 15% already). It's best to at least set up a will.

Speaking of which, I should do mine too, even though I'm only in my early 30s.

Speaking of silver hoard, I'm a tiny fish in the ocean compare to you guys.

Just about 50 oz, Morgans and Peace dollars; a slow but steady process!

Do my 40% JFK's count?

People tend to "snub" 40% Silver (but not as much as when silver was $4-$5 an oz, 40%'ers were worth barely more than face and yours truly was plucking handfuls of them out of circulation), but I think 40% JFK's and 90% Quarters/Dimes will be in big demand once silver is beyond $100/oz.