Will you still stack when (if) silver cost $6/oz?

Discussion in 'Silver' started by Cheepo, Apr 10, 2014.

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  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    At $6 per oz I'd create a life-sized cast silver statue of myself.
     
    willrocks, Dec 1, 2015
    #41
  2. Ghost

    Ghost Member Silver Stacker

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    "Will you still stack when (if) silver cost $6/oz?"


    Turtle Yeah!!!!
     
    Ghost, Dec 1, 2015
    #42
  3. silverbait

    silverbait Active Member Silver Stacker

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    $6 :)

    If ever happens can i please get at least 5000 oz thanks.

    The only problem would be hard to get them from dealers.

    Some stackers might need to sell as they would need the cash for emergency

    Roughly 5000 oz if silver is $6 aud :) I only need to spend A $30.000.

    Bring it on baby
     
    silverbait, Dec 1, 2015
    #43
  4. ultimacash

    ultimacash Well-Known Member Silver Stacker

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    Yes
     
    ultimacash, Dec 2, 2015
    #44
  5. systematic

    systematic Well-Known Member

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    If the banks want pm's they will do whatever it takes to make it worthless ...
     
    systematic, Dec 2, 2015
    #45
  6. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    that may be so but this was specifically about SILVER which is mostly recovered as a byproduct.
     
    Court Jester, Dec 2, 2015
    #46
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    I would look towards some silver items that are more use than just bars or rounds.

    I think that the premiums would go up on the legal tender coins to make it worthwhile creating the dies etc.

    I would think about getting some sterling silver flatware or some pre decimal.

    The sterling silver flatware would actually serve a purpose and even if silver dropped to $3/toz I will still get to use them. Sadly much of the cost is in the manufacturing and not the spot price.

    The pre dec should have a very low premium so I might actually get it around the spot price.

    I would probably sell some of my high premium silver numis and buy silver bars with the proceeds.
     
    Jislizard, Dec 2, 2015
    #47
  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Disregard.
     
    Holdfast, Dec 2, 2015
    #48
  9. SilverDJ

    SilverDJ Well-Known Member

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    Only a fool would pay 6% a year to store something that doesn't return a dividend, and has a very poor history of appreciating significantly in value.
    At that rate you'd be better off sticking to cash.
     
    SilverDJ, Dec 2, 2015
    #49
  10. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Where would you put your valuables then?
     
    SpacePete, Dec 2, 2015
    #50
  11. Cheepo

    Cheepo New Member

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    I think people used to put their PM in their walls, or then bury it in their garden. If you pay 6% a year to store your PM you are better off with alternative investments, such as housing.
     
    Cheepo, Dec 2, 2015
    #51
  12. Ghost

    Ghost Member Silver Stacker

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    If I had that much silver lying around I'd tile the floors with it or build some really uncomfortable furniture...
     
    Ghost, Dec 2, 2015
    #52
  13. The Crow

    The Crow Member Silver Stacker

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    ^^^
    Would be cool to make some of the stools in Antalon's post
     
    The Crow, Dec 3, 2015
    #53
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