Holding on forever

Discussion in 'Silver' started by Slimey, Oct 22, 2019.

  1. dragafem

    dragafem Well-Known Member Silver Stacker

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    Some people buy paintings and antique items.I guess you would never ask them why they are not selling only if they hold precious metal....
     
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  2. ozcopper

    ozcopper Administrator Staff Member

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    ^ congrats on 5000 posts dragafem :)
     
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  3. dragafem

    dragafem Well-Known Member Silver Stacker

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    Thank you.It was 5000 some days ago but I deleted some sales posts and now its official :).Took me a while to get here :)

    Comes to mind I remember when some member hit a "milestone" either in posts counts or trade feedback numbers they did a special in a trading section.Well you cannot do that anymore when the new norm is spot+free post(free packing and free seller's time) and you lucky if you can sell at spot :rolleyes: Anyway back to the topic ...
     
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  4. JOHNLGALT

    JOHNLGALT Well-Known Member

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    From me as well, gee, that's about 1/2 way between dedicated & addicted.
     
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  5. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    There is a way to reap the benefits of gains made on PMs without ever selling it in your lifetime. Buy properties to rent out and use the PMs as securities against mortgages. After mortgage is paid off the silver is still yours.
     
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  6. Slimey

    Slimey Active Member

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    I suppose it is like having a life boat while drifting upon the sea of uncertainty. My parents came out of Europe after World War 2, much like a lot of our neighbours, and the thing they had in common was the value placed on the smallest items. That bit of steel could come in handy someday, that scrap wood may serve a purpose etc. It became about collecting things which may help, economically, no matter how small. It is what bred from having nothing to begin with.
    That generation is almost gone now and the one that followed and were witnesses are getting old. The latest generation has no concept of having nothing or worse still, having what you have taken away from you.
    I wonder if you could accurately gauge the age of Silver Stackers that you would find that a lot of them fall in the later age bracket. That would be the generation that might not have experienced upheaval but experienced the aftermath of it and had the lessons of the importance of a security net instilled into them from an early age.
     
  7. JNS

    JNS Active Member Silver Stacker

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    Being good, accomplished and doing the right aspects of clean living is an enough life practice. I work, pray, exercise, sex, eat with discipline and live normally contented.

    I will never sell, it's my obsession. I worked harder in pursuit of obtaining pieces, with an extra work as a great challenge to make in discipline.;)
    Incase i will release any thing, that means i have more than enough. The proceeds will take as advantage of buying other more i need.

    I will not give to my children as well, but if they ask for it, with a promise that they will take care to improve and pursue. I will award them all.
    In the worst scenario, if only in a matter of life and death of a family member, or in a poor health condition, of course i will release them.

    It is my hobby, a collection with dedication, things that i enjoy on this life time. As long as it doesn't affect our daily life, i feel nothing to worry about.
    Many advocates of philosophy or new generation will laugh to me, but i will oppose the prevailing thoughts or wisdom they will say.
    I am still in mid 40s and i am willing to spend 40 more years doing the same thing again and again.

    I enjoy it, I am happy and I love my obsession at all.... ready with undertaking of holding them forever.
     
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  8. Gonzo

    Gonzo Active Member

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    I hadn't thought of this but then the thought of someone potentially taking my stack away scares me. If you do do this, do you need to deliver your stack to them to make sure you don't sell it behind the bank's back?
     
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  9. JOHNLGALT

    JOHNLGALT Well-Known Member

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    NO, If somebody - (Gov't, or another THIEF tries to do that, JUST KILL THEM, BECAUSE THEY ARE STEALING YOUR LIFE'S WORK, OR YOUR TIME (VALUE) ON EARTH.).
    Don't play the PONZI FIAT game @Gonzo think outside the (PONZI) box when valuing your Labours worth.

    Do not, I repeat, Do not measure you wealth in FIAT PAPER, or DIGITAL FIAT (which the THIEVES have used to steal the value of your life's labour from you).
    FU**!NG [email protected] @FF. _JOHNLGALT.
    p.s. You may want to buy GOLD or SILVER with their useless fiat currency, while you can. Just a suggestion (because I am not an investment adviser, just a bloke who left school before the age of 14 & edumacated hisself in the way of the world).
    RANT, STILL GOING apparently.
    If BOSSY PANTS HAS SOMETHING TO SAY TO THAT, TALK TO THE HAND SHEILA.
    T.TO THE HAND.JPG
     
    Last edited: Oct 24, 2019
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  10. Slimey

    Slimey Active Member

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    Do not measure your wealth in fiat paper.......do it with a 1953 Fiat.....over a million clams here....drool, drool.

    upload_2019-10-24_22-46-36.png
     
  11. dozerz

    dozerz Well-Known Member Silver Stacker

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    buy all the things, worry about what you're doing not someone else.
     
  12. madaw1

    madaw1 Well-Known Member

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    The greatest mountaineer all the time Reinhold Messner have said: The wonderful things in life are the things you do,not the things you have!,however if your things are stacking and collecting you are fulfilling your life and ad the end of you life you've go something / often precious/ to be proud of.
     
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  13. Revils

    Revils Active Member Silver Stacker

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    And if you only hold me tight, we'll be holding on forever
     
  14. Slimey

    Slimey Active Member

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    Congratulations Revils, that is probably the first time 'Bonnie Tyler' has been quoted on Stackers......makes a nice change.
     
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  15. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    You will probably have to give the bank your stack to hold as security and then get it back after loans been paid off. You would need to put in contract that if bank loses your PMs through theft or whatever they would have to replace it with the same PM and not cash.
     
  16. Slimey

    Slimey Active Member

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    This was discussed in 2012 and it is a dead end street

    Using Precious Metal (mainly Silver) as collateral for a home loan
    Discussion in 'Silver' started by Cinvalo, Dec 11, 2012.
     
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  17. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Buying PM's is part investment diversity and part insurance. At the end of the day I'm not investing / stacking with a view to generational wealth transfer (ie leave to the kids) as that is something that does not apply to my circumstances but I most certainly can appreciate those with children who want to provide some level of security for them in the future and if circumstances were different, so too my outlook.

    As it stands I'm about what level of value / investments do I need to be able to jump off the corporate merry go round: ie when do I get to the "Enough" point in years old, investment value held so I can enjoy my life the way I want to with the ability to fund it through to the grave....and if there's a wee bit bit left over once I kick off, then lucky for someone.

    I may never sell my stack and will keep accumulating (as and when value appears) as part of the investment portfolio but it's there to be used in need...one way or another.


    upload_2019-10-25_9-13-40.png
     
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  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    in a TRUE SHTF scenario gold / silver will be shiny garbage almost worthless
     
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  19. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I think you're talking about Armageddon, with the total collapse of society. I'm thinking of a depression and high inflation scenario, like we're already seeing in some countries.
     
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  20. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Thanks, I didn't see that coz I was not a member here then.
     

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