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  1. Glenis

    Newbie needs advice on strategy

    20 years ago I decided it would be good to have a number of sources of income and a diverse skill set. I taught myself a few different skills that I enjoy. I'm an affiliate for Amazon and others, I have a web shop, I make stuff to sell. Nothing pays big but $500 here, $300 there, plus a couple...
  2. Glenis

    Newbie needs advice on strategy

    Thank you SlyGuy, SilverDJ and Alloy. There's a lot to think about. I'd hate to be part of a SHTF scenario and I think it relatively low risk, but I can't just plan for the 'best' possibility either. I don't plan to be heading for the hills lugging silver, but plans change. We'd rather stay...
  3. Glenis

    Newbie needs advice on strategy

    10 - 20% in metal - over and above the house is the plan. I wouldn't be so certain on banks failing - look at Deutsche Bank. All bank stocks have taken a hammering on the stock market this year. Aussie banks profitability must have decreased since they started implementing better lending...
  4. Glenis

    Newbie needs advice on strategy

    I've not really bought into the $150 ounce, or the $56k ounce, or the ounce of silver or gold to buy a house either. I do think there is plenty of room to move up from <$20. I have bought into the 'worst recession the world has ever seen' so silver and/or gold are to store value so we have...
  5. Glenis

    Newbie needs advice on strategy

    I can see a revaluation of gold coming, I believe that's how China is going to get out of the crap. China is also using gold against the petrodollar, the more it's worth, the better for them. Never underestimate the Chinese or Russians. Trump likes to make out he's got the upper hand over...
  6. Glenis

    Newbie needs advice on strategy

    Thanks for the welcome. It's only going up because I decided to buy. Within minutes of my purchase it will drop again. Joking aside, I plan to purchase ASAP. I'm heading to my nearest PM seller next Thursday - the first day they are open, I just want to be comfortable with my choice of...
  7. Glenis

    Newbie needs advice on strategy

    Really? - is this all easily convertible to fiat or tradeable? Bearing in mind Silver could be worth $14 oz or $150 oz. I'm trying to cover as many eventualities as possible including Not needing it at all SHTF where it may be traded for food, accommodation etc Selling off slowly for...
  8. Glenis

    Newbie needs advice on strategy

    you don't know my mother ;)
  9. Glenis

    Newbie needs advice on strategy

    I'm about to start stacking but we're starting late. We're in our 60's but not quite old enough to get a pension/superannuation. Mortgage paid, no debt. Cash in the bank and we're thinking it's a silly place to keep it given the current turmoil in the world. The purpose of stacking is to retain...
  10. Glenis

    Get set for the 'silver dollar' — an economic wave worth $20 trillion that's heading our way

    This is true but in NZ and Aussie we don't have that problem - apart from GP (doctor) visits hospitals and operations are free, unless you have health insurance and you can choose to pay for a better quality stay. In an ideal world I agree however it's not as easy as it used to be, there is...
  11. Glenis

    What happens to the price of silver (NZD/AUD) if USD crashes?

    And if I convert to USD then NZD?
  12. Glenis

    Get set for the 'silver dollar' — an economic wave worth $20 trillion that's heading our way

    The US may be different but the stats show that retired people spend much less than they do through their 50's when they are more likely to be buying the 'last car', last lounge suit, last set of white ware etc. They're not out there buying new golf carts and having manicures everyday. They swap...
  13. Glenis

    What happens to the price of silver (NZD/AUD) if USD crashes?

    I'm about to start stacking silver but I can't get my head around what happens to the price of silver (and gold) if the USD crashes. There has been talk of the USD crashing for some time due to money printing by the Fed, the potential to lose reserve currency status or a change from...
  14. Glenis

    Hyper Inflation - what happens to money in the bank

    That's not necessarily true. Many G20 countries have now included bail-in laws. In NZ we have a very clear bail-in, we don't even have an amount of 'safe' deposits ie some countries allow $250k before the bank helps itself...
  15. Glenis

    Hi from Rotorua, New Zealand!

    Just about to buy some silver (and maybe gold) and I thought I should look for a group of people who talk about it all the time so I can learn. This looks like the place :) If there are any Kiwi's who can recommend a good company to buy from it would be appreciated. I was looking at...
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