Convincing family and friends about PM

LADYBIRD said:
On the few occasions I have been daft enough to talk about buying PMs to family or close friends I have been given the metaphorical,
"That's nice dear" + *pats me on the head*
or the out and out,
"You're a fkn nutter!" + *bemused head shake*.
Consequently, I tend to keep my trap shut these days. :rolleyes:

Having said that, I wouldn't be here today, nor have the amount of silver and gold that I currently possess had I not cocked an ear towards my long-time ranting partner (ex-member Water&Food/MatrixOpals) when he kept going on about owning physical silver.

I guess him insisting that I join Silver Stackers was the key to kicking off my stack and though I am not a big hitter I still reckon I have done OK for someone on a very tight budget....which just goes to show that stacking is not just for the 'well-heeled'.

But yeah....keep it to yourself, if I were you. ;)
Click to expand...

I bet you sleep a lot better at nights. :(

Regards Errol 43

Ladybird. by way do you ever see any silver coins from the Faukland Islands?. I think they may well be minted in GB!

Regards Errol 43
 
Great thread, good topic, some excellent posts.

I've given up on 'convincing' friends and family about it. If the opportunity arises in conversation I try to spark an interest in it. Some have shown interest, if not, I don't push it. Saying that, my sister has now made her first purchase towards her stack from a fellow SSer. My nieces and nephew now get 1oz silver bullion for their birthdays. I tell them it is worth the same as the yellow plastic note I used to give them, and this way they can be their 'own' bank and save it for when they are older. They liked that idea.

My best mates know that I stack, but no one knows how much. Bad idea. My closest friend is moments away from borrowing a HUGE amount of fiat to buy a box apartment in central Sydney. I've tried everything to sway the decision. He accepts the fact that he will be paying off this loan until after his funeral. Not a life plan in my opinion. He is of the 'crowd' that the property will perpetually increase in value. I'm not about to ruin the best friendship I've ever had by going on about it.

At the end of the day as long as I am taking care of me and my loved ones then the stacking strategy keeps me happy and lets me sleep at night. I have found that worrying about everyone else and the herd mentality only drives me to distraction. And that's not a good life plan either.
 
tozak said:
I told them if they don't take this deal I would loose all respect for them and punch them.

I think about 1/2 now have all bought some but most don't really know why. I told them to hold onto it for 5 years and if it's not worth more I would buy it all back off them for their original purchase price so they can't loose.

What can I say, I'm a hard core Bull when it comes to Silver. I already bet the farm and all my assets myself so why not bet my friends and family at the same time. I figure I have spent over 5,000 hours studying Sliver over the last 6 years so pretty confident myself where it's going. If you want to listen I'll tell you what I know but if your not interested I'm not going to waste my breath.

One thing I do say though is Never to put in cash that they think they may need back with in the next 5 years as I don't want to see them have to sell out at a loss in 6 months time or something like that.
Click to expand...

This is the part most of the Ag numnutz miss ... they'll tell you they've lost x amount because the price dropped x amount... :lol:

hey Ernster - how you Bud? :lol:
 
Gold Kiwi said:
I've educated a few family and friends but it's up to them whether they take the next step.

I think my brother bought one ounce of gold and ten ounces of silver, but he just bought his first house, in Auckland (bubble city), despite me advising strongly against it. Face palm.

My parents trust my advice but have limited fiat to invest. They're about to make their second gold purchase.

The one thing I won't ever share with anyone (not even family members) is the size of my stack. It could result in a lot of jealousy if things turn out the way I expect. On the other hand, if the SHTF, I hope to be in a position where I can support my extended family as a result of my wise investment decisions. So in a way I feel like I'm stacking for all of them, even if they don't follow my advice.
Click to expand...

you'll be lookin like a genius compared to him pretty soon :lol:
 
toto said:
I don't bother any more because most people just don't want to know. They refuse to even contimplate it, or even discuss it. I don't speak to my brother any more because he got violent with me when I said central banks are buying a shit load of Gold, he flew into a rage and accussed me of being a conspiracy nutter, apparently if it's on the net it's not true. I decided from that night I'm not going to talk to any body about it anymore, they can't deal with it. If you don't look at it, it's not there.
Click to expand...

sounds as if your bro is a nutter for sure
 
wrcmad said:
I never advise family on investments. If it goes pear-shaped, dinner can be very uncomfortable.
Click to expand...

worldbubble said:
educate but don't advise
Click to expand...

thatguy said:
Provide info... not advice. Always say... "I can not tell you what you need to do, but this is what I did and here is why". Always suggest... NEVER ADVISE i.e "I suggest you do your own research as it may cost you if you don't"
Click to expand...

geewiz said:
"You can lead a horse to water but you can't make them drink" is my experience in this arena.

I mostly don't bother now but i've lead all my close family and close friends to the water, only 2 have drunk. Can't do more than that.
Click to expand...


Basically all of this.

With my family my approach has been to:
(a) buy them all a small amount of silver for Christmas and in the card provide them with a brief message about why I thought it was a valuable present and basic procedures about how to go sell it if they wished to get fiat to buy their own present.
(b) for the one or two who I know have actually had some physical (gifts from 20-30 years ago or whatever) I have done small additional things by talking about the likely current value (to which they go "Wow") combined with short spiel about reasons why the purchasing power has improved.

Remember that most people are in a different phase of life and hence stacking is not suitable for some in your family. My mum actually sold her gold coins a year or two ago to pay out her remaining debts before retirement so that her super + few hours work a month are enough.
 
"neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend you"

The fastest way to create disdain, envy and future problems in my experience. A bit like giving racing tips to non-gamblers. If they win they're happy if they lose it's your fault. If you explain why it's a good idea you're a conspiracy doom and gloomer. You're challenging their comfort zones most times. If you end up right and they lose all whilst you prosper they'll hate you for it.

I keep it general - hate the banks, protect yourself with real assets is about the extent of my contributions these days.
 
So how did that convincing family and friends to get into PMs work out ?
 
Took me a while to convince my wife( shes the only one I "had" to as she is my wife) at first she thought I was wasting our money, but then I bought some beer and peed infront of her. I then took a silver oz I had and took her with me when I sold it, and explained this one coin made us 4.85ish.
she just had to wrap her head around the fact its a form/type of savings account that we cant have stolen by the bank or government, it cant be frozen, hard for anyone other than us to know how much we have and how we spend it, we just have a high/low restrictions. Most ppl don't want to step out of their comfort zone, they are sheeple!!!
other than my wife who I married till the day I die(when SHTF she is my right hand man, she will be finding me the rocks to throw) id keep my mouth shut..less ppl know the less they can tell and I don't want ppl knocking my door down if things go south or even the wrong person found out. might I add I opened my mouth a bit...she researched it her self.
 
Yippe-Ki-Ya said:
Peter said:
Just as well you didn't convince them when it was near $50.
I nearly did.
Click to expand...

given that it's supposed to be a medium to long term investment, what would the problem be?
Click to expand...


ROFL ah Yippee.....some things never change.

Ever heard of buy low and sell high?

Even a monkey can work out "buy low" :lol:
 
Makro said:
at first she thought I was wasting our money, but then I bought some beer and peed infront of her.
Click to expand...

A bold strategy Makro. Last time I did something like that I took an ashtray to the head
 
You must log in or register to reply here.
Back
Top