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 Replies: 38 / Views: 4,987 |
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Pillar of the Community
Canada
1723 Posts |
I thought I would post this video. Haven't seen it around here yet and even if it is, I thought It would be a good reminder of why we do it (Stack). A brush up for those of us that have been doing it for a while and for those new to stacking on why we do it and better understand our current currency system in a manner that is easy to understand. There are 5 episodes...start at 1. They are about 30 min long so pace yourself. CHEERS fellow stackers. http://www.hiddensecretsofmoney.com/ |
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Pillar of the Community
United States
1653 Posts |
It's a sales gimmick for a website that sells gold and silver starring the owner of the website that sells gold and silver.
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Pillar of the Community
 Canada
1723 Posts |
In a way sure it is... but the basics of what they are talking about are still true. Basically everyone here that stacks silver does it for the very reasons explained in the videos. Hyped up or not, the system is flawed and people that are involved or looking to be involved in silver and gold and other PM's stack ecause of the bare basic reasons explained. Of course it is still DYOD but this is a good place to start. With all the ups and downs and sideways movement in the economy and in the PM markets, its nice to brush off all the mumbo jumbo and get back to the roots of the problem.
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Bedrock of the Community
13014 Posts |
What problem exactly? Every single problem the current system has is the exact problem every system of money has had since the start of civilization. In fact pms in money create more problems than they solve.
Arrows right it's a sales pitch. If they believed their own pitch they wouldn't be selling anything.
The fact that places that make these claims are more than happy to sell you their metals for dollars tells you all you need to know about how much they believe their own statements.
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Pillar of the Community
United States
1796 Posts |
As they say (with my own parenthetical):
"More money (and it doesn't matter what kind!!) more problems."
Stacking may be fun (which is why collect "junk" silver coins), but one never knows where commodities will go. Gold & silver might even go the way of aluminum (precious metal one day, tin cans the next).
If you're going to do it, do it because you enjoy it. Don't do it because you've drunk the kool-aid on a sales-pitch mentality. ;-)
Edited by SteveCaruso
12/18/2013 1:10 pm
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Pillar of the Community
United States
3789 Posts |
how can something be "Education" when its a sales pitch? Thats pretty biased I would say.
So I suppose no matter what they tell you to buy PMs lol
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Pillar of the Community
Canada
1723 Posts |
Ok then.... so based on the comments thus far... gold and silver are not real money that people should own. It does not act as a store of value. And when a monetary system collapses or is reformed... gold and silver are not something you should own. Ok got it.
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Valued Member
United States
380 Posts |
Prices are low. BUY, BUY, BUY,.
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Valued Member
United States
410 Posts |
Correct. Gold and silver are commodities and are traded on commodity markets. They are not money and likely will never be used as money again. When a currency collapses it is replaced by another currency or the currency of a stronger country. Plenty of currencies have collapsed in the past 50 years. None have been replaced by gold and silver being used as money.
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Pillar of the Community
United States
3789 Posts |
gold and silver should be viewed as assets and that their values come and go like other assets. Rotation by the large financial firms and funds decide what assets are in favor.
gold and silver have had a nice spectacular run. It is now over. Once an individual can grasp that simple concept then it is easier to move on to other assets.
However, using scare tactics and silly theories about currency collapse should not be a reason to be buying gold and silver.
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Rest in Peace
United States
4078 Posts |
The key words Samsnate said, Quote:
...Education is key Is this not the start of the CCF Motto? Let's not kill the messenger.  |
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Bedrock of the Community
13014 Posts |
JSH summed it up nicely. Theres simply too many people and too much money in the world to ever use them as money again. Either the metals would have to be revalued to a point where the content in coins would be so miniscule it wouldnt even matter or they would have to be confiscated world wide which wont happen. There would also have to be a fixed value placed on the metals that can never change to prevent coins from being hoarded. Its just simply practical to try and make tens of trillions world wide out of it.
As long as you have military might your currency has value since currency is and always has been backed by the military muscle of a country.
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Pillar of the Community
Canada
1723 Posts |
Quote:
They are not money and likely will never be used as money again Never said it would but I think that it will still always hold a high value. Quote:
When a currency collapses it is replaced by another currency or the currency of a stronger country. Agreed.... and I think owning PMs is a good thing during a time like that Quote:
gold and silver have had a nice spectacular run. It is now over. Once an individual can grasp that simple concept then it is easier to move on to other assets. Not talking about the bull right that has played out the past few years. Agreed that is over for now I'm not talking about getting rich either but PMs protecting ones wealth during a transition time where there is little faith in currencies and where to put your money. My Opinion. Edited by samsnate
12/18/2013 4:40 pm
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Valued Member
United States
410 Posts |
Gold will only hold a high value if enough people believe it has a high value. I personally see interest in gold declining in the future as the generations that remember currency tied to PM's dies out. I see little interest PM's from my generation (Gen X) or my younger co-workers (Gen Y). However, the USA will not set the trend for gold, it will be countries like India and China driving the markets. One of the biggest dangers to gold prices is India developing an effective and trusted banking system.
Silver is an industrial metal and traditionally trades as such. The recent bubble was an exception to the rule.
Personally, I don't see PM's as a good store of wealth if one fear the collapse of a currency. Again, history shows us that people do not turn to PM's when a currency collapses. They commonly turn to bartering and other strong currencies. If one fears the collapse of the US dollar or US economy I would want to be invested all over the world. There is very little chance that the entire global economy will collapse at the same time. Locally I would want to have goods and services that are useful to others as well as a paid for home to live in. You may find a buyer for gold and silver but they would only be a middleman that would sell to other parts of the world. Expect to pay a huge premium to these people or if you have the connections become one of these people. Even in economic collapses people make money!
Silver is an industrial metal and traditionally trades as such. The recent bubble was an exception to the rule.
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Pillar of the Community
Canada
815 Posts |
The bottom line in stacking is that it's long term. You need to consider the bars/coins/etc as an RRSP, something to mature over 30, 40, 50 years.
If the jump up over $32, and the drop to $19 bother you that much, IMHO, you should not invest in precious metals. Small term change in value is just noise.
If you want to flip, that is a different thing. You cannot feasibly be a stacker and a flipper at the same time. A lot of flippers end up becoming stackers, but you cannot serve both masters at once. If you are not willing to sell all of your bullion at any time provided you make a decent profit, you are a stacker. The silver is either a means, or an end. Never both.
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Pillar of the Community
United States
3789 Posts |
@Anjohl...
aren't you glad you glad I am NOT a betting man? If I recall you were trying to force me to make a bet.
Sorry but every time I hear someone say "I am in it for the long term"... that spells disaster when its talking about an asset thats falling hard, and furthermore a commodity.
A commodity you CANNOT invest in. You only speculate on commodities. Period. Putting large amounts of money into commodities is a very bad idea, policy and I hate to say it, but there will be a LOT of regret in the years to come.
Finally, even IF prices find a floor, the next step is that silver and gold do NOTHING for decades going forward. Yes, I said that. That is a scenario that is entire real and possible. That is NOT a great return for your money over the long term.
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Replies: 38 / Views: 4,987 |
Posted 12/18/2013 11:32 am
