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 Replies: 12 / Views: 2,514 |
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New Member
Canada
36 Posts |
Do people stack silver other than investment or "teh apocalypse is coming". Do people stack silver just to collect and for fun? Edited by mehguy
10/22/2015 5:43 pm
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Pillar of the Community
United States
7390 Posts |
Mostly for investment and/or a hedge against the collapse of world fiat currencies. Just look at what happened in Greece. Their economy collapsed and all banks closed down only allowing something like $600 to be withdrawn from atm's... now imagine how happy gold and silver stackers in Greece were/are relatively speaking during that crisis and even today!
Now, zombie apocalypse type synarios are debated. Some say a useless metal will still be useless and others say that it will be needed when things settle down and an established bartering system is put in place but most would rather have guns, ammo, food & shelter for immediate needs
Edited by Cascade
10/22/2015 3:16 pm
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Pillar of the Community
United States
814 Posts |
Not counting my numismatic items, I have only a modest silver stash, the whole of which fits into a tupperware sandwich container (for now). I do it for the fun and enjoyment of it, and becuase it's pretty. And it's something nice to pass on to my children some day. I don't buy into the whole SHTF thing, although I do enjoy that it represents "real" money from a time gone by.
Edited by hcmusicguy
10/22/2015 3:38 pm
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Valued Member
United States
374 Posts |
For fun! I just like that pearly white finish that all they have compared to the rather drab clad coins.
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Valued Member
United States
214 Posts |
Its a good hedge against inflation, and its fun to collect.
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Pillar of the Community
United States
4333 Posts |
The hedge thing. I don't have to prep, 'cause my neighbor does :)
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
6478 Posts |
It is unrealistic to buy for the apocalypse. A communistic state will take place.
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Pillar of the Community
United States
3843 Posts |
100 ounce bars make great door stops and even better paperweights!
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Bedrock of the Community
United States
10038 Posts |
@SilverStackerKId Which is why stackers also appreciate the freedom we have to protect ourselves by owning guns. Clyde Bundy scenario hopefully would kick into play. If I had been smart enough to stack as a kid, my money from from the 70s would still have close to its original buying power. Imagine... I used to wait for the special at K-mart when candy bars went on sale at ten for a buck (and that was even 10 years after silver was not issued). I don;t know - even as a kid it seemed a dollar was not too hard to get. A least easier than it seems to be for a kid to get the equivalent in today's money. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
Canada
3049 Posts |
Hedge against inflation and for GSR swaps
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Pillar of the Community
Australia
7096 Posts |
I don't stack as per se but over the years I have "accumulated " quite a lot of what I call scrap silver coins. I sometimes get stuck with a cleaned or damaged coin via an ebay buy and I also every now and then buy the odd bulk lot to sift through. I should sell it but never seem to get around to it and besides the grandmiscreants (and Myself) love to handle and play with these coins. IF the spot price goes "Ballistic" (which I doubt will happen) I may part with these few Kg's But at the moment these old Silver coins are far too much fun to part with  |
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Pillar of the Community
Canada
576 Posts |
I'm in two places on this, I like to hold some silver just to have. The other is a semi numi thing. Old silver has been interesting and I love to collect it. Been downsizing lately with plans to start purchasing proof Libertads in various sizes but I can't find anything with in reason.
Liverpool
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Bedrock of the Community
United States
11951 Posts |
Not sure why I do, pretty sure I am never doing enough.
If we are doing it for numismatics or investment or TEOTWAWKI
I think it really does not matter, because if we stack enough
we will have all reason covered.
If we do it for a lifetime, we might end up with a huge coin
collection and/or a big pile of wealth.
Edited by GR58
10/31/2015 8:29 pm
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Replies: 12 / Views: 2,514 |
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Posted 10/22/2015 3:37 pm
