Had a guest over tonight and showed him some 50c pieces and a 10 oz pm bar he wants to buy 1 immediately. And we all know once you buy 1.... Anyway good deed for the day is done
Don't feel bad, I am so old, that I forgot that advert. Hopefully, it was an AU ad and didn't show in the US.
i'm from singapore and i'm old enough to know that ad! but people say i look young so we must be still young.
how did you convince him? everytime i mention to someone to "buy silver" they ask whats that or what do you mean. lol. not sure how im meant to explain it to them
i think people love the 50 cent pieces. they think - hell they were just worth 50 cents and now they are worth heaps. That is an easy way for people to understand pms retaining value and fiat losing value.
I've converted about 5 people in the past few months and they've all either bought gold/silver or have definite plans to: * The guy sitting next to me at work * Another guy at work a few desks down * My father * A guy at the real estate agent (when I sold my house) * An old American friend (through Facebook) It's not that hard to convert them, you just have to point out how crap the stock market and the real estate sectors are. No one disagrees with this, and their immediate reply is to save their cash in a term deposit. That's when you tell them about inflation and tax eating away almost any gain. The thing that clinches it is when you tell them how the price of gold and silver is going up and WHY it is going up (i.e. as long as the global debt problem is not solved, their price rise is assured). Finally, you tell them that purchasing gold/silver is actually opening a "savings account" in gold/silver that is going to earn them much more value than a bank deposit. When they click that they are "saving" in gold and silver (and not "investing"), then they see the sense in what I say and it seems less risky to them. Remember to tell them that putting your money in a term deposit is a greater risk!
also converted 3 people into stacking silver and gold.......2 cousins and 1 business colleague......they started small.....caught up with each of them recently....hehehe....and that bug has gotten hold of em!!!!!....still buying - still stacking!!!! success!
Converting others will lead to a monetary Network Effect Just substitute a silver/gold coin/bar instead of the telephone below http://en.wikipedia.org/wiki/Network_effect
No Luck here! My sister would stack but she doesn't have any money and after three years of stacking my wife begrudgingly admits that the silver hasn't lost us any money. She looked at a banner ad when I was on the forum and it was one of those "Silver to hit $250 by the end of the year " type adverts so now she has stopped nagging me to take profits everytime silver goes up a dollar. Even the members of the coin club don't seem too interested in stacking silver and it is only a small departure for them. I keep bringing in the latest rounds (was hoping to have some dragons for tonight!) but other than the existing stackers none seem too interested. Having said that one of the members has two complete sets of all the Australian Sovereigns so they are kind of stacking subconciously.
where again do you have your numismatic meets? and the guy with 2 complete sets of all the Australian Sovereigns is definitely a stacker !!! wow
Tried getting one friend into it.. he thinks it would be cool, but he wont start i bet ..everyone else..including family members..thinks its a joke and stupid. and how i am not smart for doing so..
I managed to get one good mate into it. I dont like the use of convert though, has religious connotations, like we are the Mormons of the investment world
The potential gains on the dragons finally sealed it for my parents. Tehy had been buying kg bars occasionally and were happy with the run up to $49 but now they are keen when i told them what they are selling for on here. The questions started then...
I managed to get my father on board pretty quickly, and last month with the US downgrade my older brother jumped onboard too. My younger brother is open to stacking but not enough yet to take the plunge Also got another friend who so happened to feel prompted to get into gold about 2-3mths ago but didn't do anything. Met up with him about a mth ago and now he's fully committed
I've given up on my brother. He's too keen to pump his money into his investment unit in Sydney. He says he wants to diversify his investment and have his mortgaged home in Perth and the unit in Sydney. I think he's a silly boy. But then i know that i'm not saving the equivalent of the second mortgage so maybe i'm the silly one.
what would most consider a stack? No need to know anyone on heres personal stack but just interested to know what people think? 50oz? 100oz? 1000oz? % of coins to bars etc?
