Question?

Discussion in 'General Precious Metals Discussion' started by Wellsy, Aug 27, 2021.

  1. Wellsy

    Wellsy Well-Known Member Silver Stacker

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    What % of Australia's 26 million population do you think is currently stacking physical Precious Metals?

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  2. yuripuka

    yuripuka Well-Known Member Silver Stacker

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    Less than 0.1% at a guess

    But what do I know.
     
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  3. Darwin

    Darwin Well-Known Member Silver Stacker

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    At present? Possibly up to 1% (due to people becoming disenfranchised and disillusioned with the idea of fiat currency).

    Up to about 20 months ago? More like <0.5%, although that's only a guess. I'm sure there are those who are living off the grid or who prefer to remain under the radar somewhat who happen to have stockpiles of various items - after all, much of Australia is so empty as to be virtually uninhabited - but again, I'm only hazarding a guess...
     
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  4. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Between the numerous Aussie bullion dealers (and Perth Mint) there must be 100k++ individual customers in order for businesses to stay viable? So... ok, less than 1%.

    Meanwhile in Germany...

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  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    I also would say about 1% of the population here in Australia could be classified as precious metal stackers/investors to some degree.

    But out of that one percent, I would say that only one in ten could be classified as hardcore stackers who stack as if their lives depended on it.
    ( Like you and me Wellsy );)
     
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    The combined total of the silver stacker meetups or thereabouts lol
     
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  7. madaw1

    madaw1 Well-Known Member

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    Most of the people I was talking to have no idea what is physical Precious Metal stacking. I would tent to agree with @hardyakkagold that would be less than 1 percent of population....
     
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  8. PMCollector

    PMCollector Well-Known Member

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    Well let's see, there's 101 odd stackers online minus the bots so that makes it what 80? haha..
    Nah, I'd estimate around 1% of 1%, very tiny population, if this ever grew seriously, the price would be much, much higher, not to mention in the 60's, just gold represented approx 5% of global financial assets, by 1980, gold's share was down to 2.74%....from memory, there is now much less than 1% of global financial assets in precious metals... again if that grew to what I would have thought would be a more reasonable number say 2-3%?) the price I believe would be much much higher. Another fun fact, just roughly while I type... the world population is around 7.9 billion, there is about 244 metric tonnes of gold, above ground and known underground, that equates to around 30 grams per person. So less than 1 ounce each...

    But I think it's growing. Despite what ppl say bout cryptos taking away from precious metals, i think its other way around, just not very clear to see in that way at moment.
     
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  9. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Less then 1% which is good for the rest of us that do stack! :)
     
  10. dozerz

    dozerz Well-Known Member Silver Stacker

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    yeah less than 1%, suspect its also decreasing, kids today collecting nfts.
     
  11. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    "What % of Australia's 26 million population do you think is currently stacking physical Precious Metals?"

    The clever ones! ;)

     
  12. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Thanks for the compliment, Holdfast.

    Pity my wife doesn't agree.:D
     
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  13. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Women have been stacking PMs in the form of jewellery all their lives. My wife has about AGW 10oz of gold in her jewellery box going back over 40 years we’ve been together.
     
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  14. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    And let’s not forget the Indian population.
     
  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Not to mention the cowboys.
     
  16. dozerz

    dozerz Well-Known Member Silver Stacker

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    wait, theres cowboys riding around now staking silver?
     
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  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Neither does mine. ;)
     
  18. dozerz

    dozerz Well-Known Member Silver Stacker

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    good point, there is a tradition in asian communities to stack which maybe growing.
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I havent met any other stackers in the US bedside my lcs and my son haha.
    My sons dad in law has been talking about buying some gold and silver and asking us questions about it.
    That family comes from a lot of S African cattle money and they have alot more wealth to preserve than I ever will.
    I'm surprised they dont already have a family hoard stashed away or at least know the importance of having the solid savings.
     
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  20. JulieW

    JulieW Well-Known Member Silver Stacker

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    25 million or so inhabitants of the continent.
    1% is 250,000, also described as a quarter of a million.

    So this is a viewpoint:
    18% of investors and 1.42% of the Australian population owned two properties. 5.5% of investors or 0.43% of Australians owned three properties. 2% of investors or 0.16% of Australians owned four investment properties. 0.8% of investors or 0.065% of Australians owned 5 investment properties.​

    I'd optimistically say 10,000 PM enthusiasts per state - 60,000 or so, meaning perhaps 0.25% of Oz residents, or thereabouts.
     

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