Nabullion Dynamite said:
BeHereNow said:
I have friends who only buy ASE, maybe have some 90% junk they would not sell.
Here is what they would tell you:
'If (when) SHTF, American Silver Eagles will be universally recognized and accepted for goods. Some shiny thing with an image of a rattle snake, or buffalo, who knows. Be safe, buy ASE (or SLM/similar).'
They have a point IF - SHTF.
I have more SAEs than anything else, but less than half of my 1 oz are ASE.
I think ASE and similar are great for beginners. Get a few tubes and move on in other directions. Diversify.
If you feel confident no SHTF, then buy any cheap generic rounds to start.
Me, I think the global economy is going down the tubes, but may pull out - who knows.
Ok I understand. Problem I have if that me before I started stacking had no idea what one was or the differeance between a round struck with .999 silver and an ASE. I've shown some of my friends and family and they didn't have a clue what they even were besides silver. Maybe its just the group of people I know are uniformed but I think if SHTF the chances of running into someone In my area that could identify silver in the first place would be difficult.
I'm not confident in the economy but I guess it just matter what extent it goes to when SHTF. If it is something on the level on the great depression then I can see silver still being an asset, but if it is all out collapse there isn't room for an extra 40lbs in my bug out bag
Where are you going to "bug out" to?
Folks I know see SHTF days as hunker down, dig in, fortify.
Have what you need, just like the fallout shelters of the 60's, updated of course.
As for silver, word will spread very fast.
People in the Appalachians (some would call them hillbillies, rednecks, uneducated) know "old money" (junk) is silver. They don't know the specifics, but it won't take long to learn. ASE are just an extension of that.
If you are going for an easy flip of some silver, you will need a stacker to buy your bars and rounds.
If you are selling ASE or SML at a good price, all those people wanting to get in on the rising value of PM will be buying 'trustworthy' forms. and they understand national coinage better than ingots. You have twice as many potential buyer, IF the sheeple are buying PM.
Today, on ebay - what forms are easiest to sell?
I say the very first piece of non-jewelry PM bought by an individual - with casual interest - will probably be an ASE/SML.
I understood a heck of a lot about ASE before I understood squat about rounds, generics, limited mintage, bars, cards, etc.
In that, I think I am typical.
I have a few hundred ASE, for easy flips, or barter/buy IF SHTF.
I'll buy a few more tubes next year.
I like moderate or high premium for future flips to collectors if the economy is robust, and no SHTF.
I like just a few very specific cheap rounds, some limited issue.
As for the 69 cents over spot - why bother, you can have it. For the most part, only a stacker wants it. There aren't that many of us, in the big scheme of things.
Now collectors, they are everywhere.
Have a plan, and stay the course.
Lots of ways to stack, as
RCS said, no 'right' or 'wrong'.
