Today I Stockpiled...

Discussion in 'Markets & Economies' started by Eureka Moments, Mar 3, 2020.

  1. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    I have been acquiring madly! I’ve been offloading most of my silver stack in ratio trades, which seems like madness to most. Everyone’s eyeing silver as a steal right now because we’re at prices from less than a year ago :rolleyes: and the ratio is high. So people who are suddenly all in on silver again are happy to swap their gold out for something that’s falling in value :confused:
    Logic says buy silver, but I’m sticking with my “do the opposite” approach of the crowd. Buy when everyone is selling, sell when everyone’s buying. It’s going well so far, gold is UP 18% this year already, and silver is DOWN 19% so far this year in AUD. I want profit, not speculative promises of going to the moon one day.

    That’s not to say that silver won’t rebound or have its place in the high $20’s/low $30’s again, I’m still buying my silver Queens Beasts and Kooks for my collections, but it’s promised price surge is clearly not happening until we deal with coronavirus.

    Gold is safety, silver is speculation.
     
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  2. Ag bullet

    Ag bullet Well-Known Member

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    Ammo. Shoot meat to compliment the veges I grow.

    50 cent cartridge can provide 20kg of meat
     
  3. Krakked789

    Krakked789 Active Member

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    You're probably right and I'm generally big on going in the opposite direction to the herd. Fortunately I hedged my bets regarding gold and silver and didn't go all in on silver. I also think it can be risky to change tacks mid stride. For now...and I stress now... you've probably taken the correct course.
     
  4. Jason1

    Jason1 Well-Known Member

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    If you want profit you buy when its cheap not when its expensive,lol. maybe its not going as well for you as your saying if your not making profit.
    what you just described is called weak hands
     
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  5. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    A quick re-read, and you’ll see that I was quoting that silver is down 19% in spot price this year, not my own profit/loss. I bought my low premium stuff over the last almost 2 years since I started stacking, and I’m in the black on dollar cost average if I were to sell everything low premium for fiat right now. I’d only be down if I sold my high premium silver for fiat, but that’s still in the deep stack and I’ll hold that for a long term.
    I’ve chosen to swap out because my ratio is too heavy silver, and I want to catch the gold upswing.
     
  6. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Today I stockpiled fuel in case something happens and I need to flee to my rural retreat.
     
  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    The Perth Mint has a few 2020 silver Roos for sale.
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If you got the cash and space I highly recommend those portable tanks they use to refill heavy machinery. Can carry an extra 150L and refuel on the fly. Probably only suitable for utes though
     
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  9. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Back at the Ruski food importer
    They also sell meet as one of the partners is the biggest meet exporter to Russia
    I bough 2.2kg eye fillet for $84
     
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  10. SilverSurfer77

    SilverSurfer77 Well-Known Member Silver Stacker

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    I always by my meat in bulk these days and I think rump is the best value for money. My local butcher has whole vacuum sealed 5 star rumps for $16.99/kg and he slices it for free. The bride and myself then cut it down again to meal sized portions and vacuum seal again then stack it in the deep freezer.
    So ended up with 6kg of rump steaks for $100
    IMO rump is severely under rated when it comes to meat, everyone tends to always go for rib fillet
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't think you're going against the herd. Maybe the Silverstacker forum herd, but Main Street still don't know about silver! I still can't talk about silver on a Singapore investment forum without being viewed as an idiot. I can talk about bitcoin and crypto though.

    When Main Street takes notice, silver will be well over $30. Try searching for a report on silver bullion shortages on MSM, you won't find many, if any. But this isn't to say gold won't be rising in the near future or silver won't be falling to $9. It's just to mean silver is undervalued compared to gold and for those who can wait, you can make much more in silver than gold.
     
    Last edited: Mar 20, 2020
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  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    Today I stockpiled sleep because I can nap during work now
     
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  13. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    I’m a chef, and it staggers me when I see regular folk my age do stupid shit like buy an eye fillet for a braised beef stew (millennials, I know :rolleyes:)
    First of all, learn what type of cut is optimal for what you’re trying to cook. Then, learn to cook it PROPERLY!

    You’re absolutely correct, rump is seriously under utilized and can be a fantastic, cheap cut still with lots of flavour if you treat it right.
     
  14. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Good idea as i have a ute.
     
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  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Salt - Pool salt.
    Ok to eat, well, I've never been sick from it.
    Great for curing bulk meat.
    Great for keeping sewer pipes free of feeder roots.
    Good to keep freshwater fish healthy during winter so they don't get white spot disease.
     
  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Aged rump is one of the best cuts of beef you can get. Great on a flame grill.
     
  17. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Plebs.... I'm stockpiling these.

    It's who you know.... Lol

    IMG_20200307_184226_crop_73.jpg
     
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  18. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    That's what most folks liver looks like :)
     
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  19. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    I got cash from an ATM.
     
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  20. madaw1

    madaw1 Well-Known Member

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    Very wise man...
     

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