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 Replies: 33 / Views: 6,002 |
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Pillar of the Community
United States
3184 Posts |
Used to collect.....now just stacking
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New Member
United States
45 Posts |
I used to collect too, but have shifted to stacking. In the past I have cruised ebay looking for different bullion coins, from different nations and with different dates. Collecting has blown my spread out of proportion. I plan to buy as cheap as possible through quantity. |
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CCF Advertiser
United States
1533 Posts |
I'm a collector, but I'll pick up some rounds, especially anything with a classic design. Silver is not for investing for me. There is too much bulk with any amount of money I would consider investing. If I were going to invest in precious metals, it would be gold. $25K of gold fits in the palm of your hand in a polyethylene tube.
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Pillar of the Community
United States
931 Posts |
I buy bullion because as a kid, I always kept Buffalo nickels that I would get in change. I love the design, so I buy Buffalo Gold. It's sometimes a better investment than ETF's. I bought several Buffaloes of all denominations in 2008, and still have them, proof and bullion. You just don't make money like that on ETF's. Plus, I don't believe that the gold in storage nearly covers the stocks that they have sold. They have their own little FED, and with our government's blessing. |
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Pillar of the Community
Canada
3692 Posts |
I wouldn't buy metals to sell them as is. That's a mighty bad gamble in my estimation. Anyone doing it this way should not cry when it backfires.
I go day to day buying pure and selling alloyed at a markup as an industrial service. I did get lucky stacking at around 2010 when I caught wind of the whole stacking arguments and I sold a bit near the top. $40 was good enough for me, I'm not greedy, that was a bubbly price even back in 2012. It wasn't a heavy investment but it did put a dent in my college tuition and put me in a world where I can profit daily manufacturing precious materials.
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New Member
United States
45 Posts |
Collecting bullion is to set yourself up for heartache down the road. As long as milk spots are a future risk, I'll just stick to stacking.
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Valued Member
United States
493 Posts |
I was into collecting anything cheap silver first. Then, it was bars, I wanted 10 oz. bars but anything different was fine until the Panda bug hit, then when that was breaking the bank I switched to just accumulation until I met a 1000 oz. goal of silver, finished that goal up with 200 oz. of Walker halves, from here I'm going to try to stick to gold, as I am not renting another SDB. |
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New Member
United States
26 Posts |
Doesn't anyone collect bullion for emergencies such as if our currency is abruptly devalued (like a Doomsday scenario?)
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Valued Member
United States
467 Posts |
I do not buy bullion for emergencies. In a doomsday scenario, I have never envisioned that bullion is going to save me.
I have always said that if things get so bad the only way I am going to get to eat is if I have bullion, then I probably am screwed in so many other ways I am not going to make it anyway.
Like TMCD75- Libertads have hit me so hard that a lot of my bullion is more collecting than bullion anyway.
In doomsday, if some guy is telling me my I have to trade my 1998 proof Libertad for 10 bullets and some grain, I am going to be very sad and probably hungry.
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Pillar of the Community
United States
1068 Posts |
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Pillar of the Community
United States
4333 Posts |
Quote:
I have always said that if things get so bad the only way I am going to get to eat is if I have bullion, then I probably am screwed in so many other ways I am not going to make it anyway. You'd be further ahead than most. PM's are not for an 'end of the world as we know it', but for afterwards, when chaos subsides. Throughout history people have bought their way out of disasterous situations using gold as a payoff. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3789 Posts |
I did buy a roll of Kooks with the shark privy... I am not a stacker tho. I did it because I have never owned a roll of Kooks.
I dunno but sometimes when I like a silver coin a lot, I dont mind buying saying a sheet or roll, but I Do it because I really like the series or particular coin.
GOld is a different story. I just buy singles of what I like.
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Pillar of the Community
United States
5833 Posts |
Doomsday scenario?
I'd rather have food and water in storage!
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Pillar of the Community
United States
4211 Posts |
Me too macmercury~!
Not that I even thing there is even a REMOTE chance of me seeing this but my silver holdings would be the furthest thing from my mind.
I would want water, non perishable food, a generator, gun with some ammo, medical supplies, toilet paper etc. etc. etc.
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Pillar of the Community
United States
4333 Posts |
So, what you are saying is, have all of that, but no silver? huh?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 33 / Views: 6,002 |
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Posted 02/26/2017 4:40 pm
