How long have most of you been buying and stacking silver? Anyone getting fed up and looking to offload at all? Honestly thought prices would of been higher by 2014 myself.
Two years. Will offload about 50% of it when I need the cash to buy investment properties and actually make some money for a change
THE TRAIN IS LEAVING THE STATION! IT'S GOING TO DA MOON! $50 WILL NEVER RETURN! Money for nothin' club grabs profit. OMG DEFLATION! Drama. FRIGGIN' MANIPULATION BY THE CARTEL! OMG 2008 WILL COME BACK! I'M OUT! Panic selling. Money for nothin' club rushes back in. WOW! UPTREND! I FEEL IT'S TIME TO BUY!
Sounds like your expecting silver to make you money. unless your flipping it constantly it's most likely never going to make you a serious profit. Silver should be a store of your wealth, not the source. Is there anything else that can make you money using the cash? if so then that's the go, but if your most likely going to blow it at the casino or something then keep it in silver.
Was really just interested in how what the average length of time most people here been stacking and how long they plan to keep doing so.
not according to your post of 2 questions and 1 statement How long? a few years. Fed Up? No. Did you? oh.. diddum's
Not long enough...started buying when price for silver was around $34 USD and it's been downhill since then. I've been at it for about 18 months If you bought common bullion before the market went into consolidation (dropping or consistently low prices), you will almost certainly lose money if you sell during the consolidation period. If you bought precious metal semi-numi coins or a hand-full of collectible bullion coins, you could be selling for a profit in the same period....emphasis on "could." Lots of collector coins can be purchased for less in the secondary market than what they were sold for by the Mint they were produced by. Perhaps the best advice is if you want to buy silver (and other precious metals) is to diversify if you can and never invest money that is not NEEDED to pay your necessary expenses into any type of investible product because all have risk associated with it as you are probably well aware of now. As a general suggestion (and this list will vary depending on your location and other factors) invest a little in blobs (common, non-denom bullion bars), a little in common bullion coins (like Perth Lunars, Mexican Libertads, USA America The Beautiful 5 oz bullion version, Chinese Pandas, American Eagles), and a little in higher premium semi-numis (like proof Perth Lunars and the "P" collector version of the America The Beautiful 5 oz series which seems to be fetching very nice gains in the secondary market for many issues in the series). I'm not suggesting any particular time frame....this strategy might be a 12 month or more strategy for many or most people. When buying precious metals, be mindful of additional costs like shipping, taxes, VAT, wire transfer fees, and whatever other fees (on top of the premium of course) that might be associated with the purchase. There's risk with everything you invest your money into....including precious metals products. Every market has its corrupted entities that gain the system for their own benefit often through illegal or unethical behavior. That tends to have an ill effect on the market though I'm not sure how much it affects every day prices. I'm moderate to long term bullish on metals. Short term....too hard to predict but always expect volatility. The .
8 years Stacked in the cheap years....now waiting.. The longer the basing , the longer to peak but more importantly.....the higher the peak. I am patiently waiting ....if this fall from the first peak takes 4 years then allow 4 more years to recover and then another 4 to the end peak. So about 2023 would be an outside estimate.
I've been collecting small numbers of silver coins on and off for a couple of years. Only this year have I started branching out and have bought some bars. I plan to hold for ten to twenty years unless the price of silver skyrockets relative to other assets (unlikely).
Top Post Greg, I agree wholeheartedly with you. As far as I can see I am buying anonymously after paying tax on my weekly pay. The small stack I have managed to accumulate I can sell anonymously at any time I like and know Government doesn't know I even had it. It is also a store of wealth and a forced savings plan as I cannot hold fiat for very long. If it goes up in value I will consider myself lucky if not I still hold real value. After 12 months of stacking silver and reaching my goal I can reassess the next 12 months. 6 months in only but am very happy with my progress Cheers Rick
Just about a year for me - little less. I'm buying some 'high' premium pieces to sell off in a few years - in case the economy recovers/stabilizes, but most of it will be in family possession when, I will not need such things. The funny thing is, if spot really does hit $50, that is when it will be hardest to sell off- anything. My averaging cost is close to $25/oz for the bullion and ASEs. If there is a slow climb to $35, more collector pieces may find their way out the door, and even some ASEs -or whatever I have that the market likes. A store of wealth, with the potential to increase fiat holdings, if fiat is useful. In the collecting market, good things bring good money. I understand why some people want the cheapest silver possible. I've got a few pounds of that myself. Like they say about storage of wealth, diversify. I honestly don't mind paying $32/oz with spot $20, for the right pieces. Not all of my purchases, but some. I will even be spending $100/oz for some true collector pieces, for family members. If fiat does not fail, collectors will have money to spend for nice silver. If fiat is really strong, plain old bullion will be cheap, bought to make into the high premium stuff. If fiat does fail, my high premium pieces (at $20 spot) will sell at inflated spot and still make me money. Or, so I see it. My crystal ball is no better than others. If I were in the uncomfortable position of having lots and lots of $35 silver, I would bite the bullet, pack it away, out of sight, out of mind. Easier said than done.
Oh! I've been stacking since 38 months. I plan to stack as long as I have spare fiat. How long that will be, I dunno. And I don't wanna know too, I rather prefer to die without knowing it ahead. So you have another sample here to calculate your average length from.
