You are very correct old chap. We should make a effort to keep out the riff raff and the commoners. After all we have a duty to uphold.
I probably should delete my previous post. Those of us in the 5000oz club are supposed to keep to ourselves.
Hmm, everyone losing precious cargo in a "boating accident"...don't you know a captains supposed to go down with the ship? But can't blame you, even the US Navy weren't able to keep their fairytale Osama treasure on board...
I have 1 x 1oz Silver 2011 Panda... but then I realized it was a fake so I have no holdings at all fuuuuuuuuuuuuuuuuuuuuuuuuuuuu.
As a matter of perspective, if all of the above ground silver was divided evenly with the population of the planet as it now stands, each person would get approx 1/14th of one ounce of silver. Additionally, through history, even a small amount of held silver made you wealthy. example : It's important to remember that whilst some will have more, some will have less, it's largely irrelevent in the grand scheme of things. For many of us here, we have a toe in the water at best and even if silver rockets to $500 per ounce, I'd daresay the vast majority of us will still be going back to work the next day. Whilst it's fair to say 'every ounce counts', you also have to look at the bigger picture as well. I'd rather have 50 ounces of silver and be 100% debt free for example than have 1000 ounces and 100k debt on my head. The problem with looking at this picture through the eyes of the affluenza afflicted is that you lose perspective on what silver is, what it's function or purpose is and where the future of it lies. I'd daresay less than one in a thousand Aussies have any silver at all, and even less than that understand the whole 'silver story'. What is more important IMHO is the rational logic which leads you to the path of being a stacker in the first place. Any opportunist can follow the herd into an investment class, but it's the ones to understand the fundamentals behind it that will be the ones to prosper in the end. The very last thing I'd want any newcomer to the site to assume is that if you're not one of the 'big boys' with 1000 oz and counting, you're neither a stacker nor should have pride in what you already have. I don't have 1000 ounces. I don't even have 200 ounces. I have even less than that and I've been an active stacker now since the end of 2009. Why so little? Because I only purchase silver on after living expenses through wages. My family's day to day needs come before investment choices and I refuse to be speculative with leveraged debt to buy more. For sure, if I went and maxed out lines of credit when I started in at under $15 US I'd have been sitting pretty now - but by the same token, I could have also lost and lost badly too with the debt hanging overhead. We all have lives and not everyone is in the same boat in terms of affordability. The world is going mad, the cost of living ramping up quickly and it's getting worse. When the paper game ends, there will be very few places to run and even those with a couple ounces to their name will be a whole lot better off than holding worthless fiat paper. Again, it comes back to the fundamentals on why you're a stacker in the first place. If you're placing your faith in an opportunity investment, then you're probably looking at precious metals (silver especially) the wrong way. Silver is the world's most heavily manipulated commodities market in existence. It's worth remembering this and if you're not sure whether you have 'enough', go back to the fundamentals on precious metals and their role in history. I know people with less than 10 ounces of silver and I know people who have over a metric TONNE of silver in their possession. They are all stackers.
I thought the ones with 10 ounces were called slackers? Just kidding! Agreed with everything that auspm has written. We all stack according to our means.
220 lbs (100kg) would make you a heavyweight, but your percentage body fat must be under 20% for it to count .... :lol:
this is all in good fun ... but to add my two cents worth - i'd have to say that club entrance should be determined by number of ounces...
