My Silver saved my life

Discussion in 'Questions & Comments' started by copperhead, Sep 15, 2017.

  1. copperhead

    copperhead Active Member

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    2107 was a year of expenses . Yet some how I kept stacking .
    As a saying goes the chickens come home to roost . Last week was D day for me
    I had house taxes to pay . I Had to Pay !! & don't need any more details then that
    I was short around $3200 . 4 days before D day I noticed relativity speaking silver at a high
    approaching $18 I figure I'll go Saturday to sell due to work during the week .
    Since I have an emotional attachment to any portion of my stack
    I make a few calls about a Loan using some silver as collateral .
    After hearing the terms I opt out , No point putting $6000 silver collateral out there
    for a loan that will have interest of $400 to $600 . A fast bank loan with out collateral
    was still 19% .
    So I sold off some silver and lent my self money . The purge consisted of Generic rounds that now I see
    have a point ( the first to go) The feeling of saving my home due to the wisdom of having silver
    is enlightening . I am Thankful for each and every silver purchase . Also to see how important every $20 bucks is spent in life forms a truth
    ( Try not to waste too much money)
    To celebrate today - I bought some eagles from JMB .

    Buying silver is one thing but when you finally connect it to a day when you sell some
    that is the day you see the hard work and diligence of the purchases .
    For me it also connected me to something humans have been doing and the feeling of
    having a pile of silver to sell for sustenance . I said to the shop owner as neat rows of 10 ounce high rounds were laid out for the count / How many years have people been doing this with silver ? He said Thousands !
    I don't put these words out with out some respect to any members with a portion
    of or most of there stack from the days of $40 per ounce . Remember - -
    A bird in the hand is worth more then 2 in the bush
     
    Last edited: Sep 15, 2017
  2. ozcopper

    ozcopper Administrator Staff Member

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    House taxes must be high in The States!
     
  3. copperhead

    copperhead Active Member

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    Depends taxes can range from $600 and UP and I mean UP so $4,500 per year is kinda normal
    If you mis 2 years paying house taxes the state can sell your home
    so really what do we really own .
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    It's true what they say. Don't pay taxes for a few years, and see who really owns your house.
     
    Seven of nine likes this.
  5. projack

    projack Well-Known Member Silver Stacker

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    19% bank interest is ridicules these days. I only receive 1% from Chase Bank on my USD. We used to call sharking that sort of profit margins few years earlier.
     
  6. copperhead

    copperhead Active Member

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    We own our silver as long as it does not get stolen .
    Cash is the bridge to the chattel we need in our lives
    but it always amaze's me when I need to sell some silver, all it takes is one phone call & come on down .
    Just the same I need restructure , I would rather not have to make that phone call any time soon
     
  7. Fat Penguin

    Fat Penguin Well-Known Member Silver Stacker

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    I used to pay $500 a month property tax in California, and $500 a month air conditioning in the summer months....oh yeah this was in 2002, shudder to think what it is now...
     

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