Dynoman said:
I have been in panic buying mode for the last few months. Every spare cent I can get my hands on is transferred into Silver. I happily forgo common luxuries in favour of the white metal. It's a bit of a standing joke in my shared accommodation situation. Oh are you onto Baked Beans again D....That time of the month is it ?
Particularly, I found my self feeling a bit low towards the end of this month. Lost my usual spark, feeling lethargic and a bit washed out. Then I realised it's because I can't afford anymore silver until next pay day and some other financial priorities are tapping me on the shoulder.
Yes, I certainly push it to the limits. With the sacrifice comes the reward of seeing my stack grow rapidly over a short period of time.
So I have to say it to the group "My username is Dynoman, and I'm a Silver addict"
I've been stacking a year and only reached about 10% of my desired first stopping point. Life gets in the way of our stacking choices and it's very easy to get carried away in the moment and panic when spot moves up quickly.
I know it, we've all been there and it's frustrating for those who only have a limited income.
I personally don't think there's anything wrong with your ideals on stacking though. Skipping a dinner on just something small to buy an extra ounce is actually commendable.
But as with all things, you require a balance.
Facing the reality here gents, unless you're a big time trader with many thousands of ounces to your name, the eventual break out of silver isn't going to set you up for retirement. Oh you may get a nice little profit on the speculative trade, but I doubt the majority of us are going to quit our jobs and go sip mai thais down the beach for a living once it's said and done.
You have to be practical about your stacking choices and put aside that guilt when you buy a take away coffee instead of hitting up the instant, because it saved you 5 grams in silver.
It will just burn you out a lot quicker and sap your motivation.
Just like going on a very strict diet or exercise program is not sustainable long term, so does stacking beyond comfortable limits as well. You need to kick back, relax, take a little time out and admit to yourself that it's okay to not spend every single spare cent on silver or you'll kick yourself later.
Fact is, many of you are going to wish you had more in the end anyway when it eventually moves, no matter how much you have at all.
So accept that some weeks there will be no incoming silver at all. That's life and we all have other commitments. The moment you put aside everything else and only spend your income on metal, you need to reassess.
I've been stacking a year now and my stack has moved up and down over that time. I peaked at 240 ounces in silver last August after a mad rush to buy in the first 6 months but a life event kicked my stack back down to under 100 ounces. It hurts, but that's life.
But what that event allowed me to do we take stock, reassess and realise that no matter how much you want to buy, life will still bring things up and you have to deal with it. Putting aside a little fiat to cover the bumps is by FAR preferential to having to liquidate your precious stack when you don't want to.
So buy a little here, a little there and be content and focus on the long term.
Stack sizes will come and many of those here with the larger stacks got there through a long term, consistent vision than a feeding frenzy on peaks.
MOST of the silver I have gained so far this year came purely from gifts and I'm content with that. First quarter is always a shocker for anyone with school age kids and you just have to roll with the punches.
You will absolutely not last in this game if you go hell for leather and burn yourselves out. Keeping a few bob in the account for the odd deal here on SS is actually highly advisable and will satisfy the craving for metal (and the hunting instinct) you gatherers have.
Slow down. Treat yourself to a nice meal or a good evening out. Get back to balancing out your life and you'll be stackers next year, the year after and the year after that.
Even in the last year I've seen too many people fly through here like a shooting star and then burn out.
That reminds me, where the hell IS Kenny lately?
In hindsight that was a good point. A friend kept badgering me to get on it. I thought he was a bit out there & then finally the penny dropped.
