What Did You Add To Your Stash Today?

I like your stash, lets all keep adding if we can.

I would like to hear what people's motives are to have a stash and regularly add to it.

My collection is roughly 1/3 ancient coins, 1/3 modern collectable coins, 1/3 silver/gold bullion bars/rounds/coins. Current economic conditions are concerning, inflation, about 31 trillion dollar USA national debt, the Fed printing money, Ukraine war, energy problems, other nations deep in debt and may default. Some believe it's wise to stack silver/gold bullion thinking their prices will rise, at least do better than the stock market. This year silver has dropped much like stocks, gold has done better falling less than half of stock indexes.

There's Youtube channels like Wall Street Silver, Kitco, Stansberry Research and others that have financial guests predicting bad times ahead, like the Great Depression or worse. They've been recommending stacking silver/gold as protection in a worst case scenario, banks failing, hyperinflation.

Many of the bigger banks are massively deep in derivatives, trillions of dollars, their hard assets don't come close to covering their paper trades, similar to market crash 2007-2008. The Fed bailed out banks from the real estate debacle. People were upside down on their mortgages, lost their homes. Current law Dodd-Frank is supposed to limit the Fed bailing out banks, we'll see. Recently the Bank of England had to bail out Britain's pension funds. Big banks manipulate commodities markets. JP Morgan has been fined about 920 million for metals manipulation and several employees convicted of spoofing silver/gold prices.

Nobody knows the future. My financial advisor recently sent me a report saying there's been about 27 significant bear markets in stock history. The market has always recovered with time. Still in his opinion people should have about 5% -10% of assets in precious metals.

A lot of stackers are losing trust in the financial system. The past couple years I've added some cash to my home safe, have several months of food, got more ammo, bought mostly bullion silver/gold, few collectable coins. In bad times, people may be more inclined to trade, barter silver/gold bullion and I might have to sell at a bigger loss my modern collectable coins or my ancient coins. If SHTF never happens I'll be very glad with that.

Here's a link to banks that have the most derivatives, JP Morgan has over 57 trillion.

https://www.usbanklocations.com/ban...vatives.html

According to this article, as of last summer JP Morgan, Chase and Citibank owned 90% of gold and other metals derivatives. It's mostly just computer numbers contracts, not nearly enough physical gold, silver, etc. to cover.

https://wallstreetonparade.com/2022...l-u-s-banks/

Newest add.

Hmm! Maybe I will pick up that Canada 1/4 oz.

today, just 2 1942 AU type 1 nickels:

my only motive for having a stash is to put my money into something that will (presumably) hold value relatively steadily, for my future, whatever that may be. I don't like holding large sums of cash, it is too badly needed and at the moment not flowing as I would like for it to be. cash gets spent, fast. metals just sit & retain value (mostly), same with collectible coins.

additionally, I don't care for having money in a bank. I can be my own bank & banker.

i can liquidate the stash at any time. of course, this plan presumes that there are no great calamities or catastrophes that would render the stash worthless.

stash, stack & collection are all basically the same thing to me, largely.

Finished purchasing a 1970s Canadian Olympic set. My LCS will sometimes buy foreign silver and offer me a good price. Back in November he bought the set and offered it to me for $620 (I think silver was about $20 at the time). I bought the first half in December and the second half today. The appreciation in silver made it quite a bargain -- JM Bullion is today offering $17.70 US for each of the $5 Canadians, and $34.16 for the $10 Canadians.

Also I dug through the foreign silver bin, and bought: Germany--1876 2 Mark (Baden); Canada--1953 quarter; 1950, 51, 64 dimes; Lebanon--1952 50 piastres; and Mexico--1844 Zacatecas 4 reales (holed); 1940 1 peso; 1977 100 peso. Total $49.