Good sized stack?

Butch said:
Got some bad news for yer Booty. If silver went to five hundred thousand dollars an ounce the cost of the average home will be in the millions. No one is going to make a fortune out off silver. We will hopefully make some but don't hold your breath.
Click to expand...

Id like to graciously disagree.
 
null said:
renovator said:
Yippe-Ki-Ya said:
lol - just read the heading and thought i could post a REALLY nice pic!!

for some reason my brain read "rack" instead of "stack" :lol:
Click to expand...
Your a sick man yippee ....the medication not working ?
Click to expand...

Here ya go, hopefully this is the beginning of the cure:
http://image.made-in-china.com/2f0j00ZeaENhAGksky/Warehouse-Rack.jpg
Click to expand...


Hey null how did you get a picture of my silver warehouse??now I have to move it:grrrrr
 
BootyBandit said:
1ounce will buy you a house in future
Click to expand...


At that rate of exchange I think I'll use my stack to buy Haiti. ;)

5,000 ounces is my idea of the type of stack to assemble before retirement.
 
Not sure about silver, but a "minimum" good sized gold stack would be 1oz for every month you plan to spend in retirement. This assumes you've managed to acquire a PPOR along the way owned outright.

So if you plan at retiring at 65, and expect to live to 90, better start stacking those 300oz of gold now.

Assuming a 45 year working career, for many people that's a very realistic stacking target of 6.67oz per year - basically 1/2oz a month into retirement savings. For many other people, it's an exorbinant amount :/

At the current GSR, that's 15,000oz of silver... numbers get even scarier when you look at your current age, and work out how many oz/month you need to save to reach that goal. I'm in the 1oz/gold/month range as a savings target already to catch up. Currently that's not happening.
 
pancakes.jpg
 
goldpelican said:
Not sure about silver, but a "minimum" good sized gold stack would be 1oz for every month you plan to spend in retirement. This assumes you've managed to acquire a PPOR along the way owned outright.

So if you plan at retiring at 65, and expect to live to 90, better start stacking those 300oz of gold now.

Assuming a 45 year working career, for many people that's a very realistic stacking target of 6.67oz per year - basically 1/2oz a month into retirement savings. For many other people, it's an exorbinant amount :/

At the current GSR, that's 15,000oz of silver... numbers get even scarier when you look at your current age, and work out how many oz/month you need to save to reach that goal. I'm in the 1oz/gold/month range as a savings target already to catch up. Currently that's not happening.
Click to expand...
Thats a realistic amount to live on as long as gold doesnt take a nose dive compared to the cost of living.
 
renovator said:
goldpelican said:
Not sure about silver, but a "minimum" good sized gold stack would be 1oz for every month you plan to spend in retirement. This assumes you've managed to acquire a PPOR along the way owned outright.

So if you plan at retiring at 65, and expect to live to 90, better start stacking those 300oz of gold now.

Assuming a 45 year working career, for many people that's a very realistic stacking target of 6.67oz per year - basically 1/2oz a month into retirement savings. For many other people, it's an exorbinant amount :/

At the current GSR, that's 15,000oz of silver... numbers get even scarier when you look at your current age, and work out how many oz/month you need to save to reach that goal. I'm in the 1oz/gold/month range as a savings target already to catch up. Currently that's not happening.
Click to expand...
Thats a realistic amount to live on as long as gold doesnt take a nose dive compared to the cost of living.
Click to expand...

Agreed.

A diversified portfolio is important especially one that provides an income stream.

An income stream means more fiat for stacking and everyday expenses, instead of slowly selling your gold to provide for living expenses.

I'd be very weary of relying solely on PMs for retirement as one cannot predict future prices (20-30 years down the track) with 100% accuracy.
 
I'm not going to have much more than 400 ounces by the time it's too expensive to stack. I'm pretty happy with that amount.
 
Ilikemetals said:
I'm not going to have much more than 400 ounces by the time it's too expensive to stack. I'm pretty happy with that amount.
Click to expand...

No gold?
 
goldpelican said:
Not sure about silver, but a "minimum" good sized gold stack would be 1oz for every month you plan to spend in retirement. This assumes you've managed to acquire a PPOR along the way owned outright.

So if you plan at retiring at 65, and expect to live to 90, better start stacking those 300oz of gold now.

Assuming a 45 year working career, for many people that's a very realistic stacking target of 6.67oz per year - basically 1/2oz a month into retirement savings. For many other people, it's an exorbinant amount :/

At the current GSR, that's 15,000oz of silver... numbers get even scarier when you look at your current age, and work out how many oz/month you need to save to reach that goal. I'm in the 1oz/gold/month range as a savings target already to catch up. Currently that's not happening.
Click to expand...

That's actually a bloody good idea GP.

I never really thought about it in this context, but I think you're bang on.

I know I'm unofficially lurking nowadays, but I definitely wanted to post a thumbs up for that idea.

I will very unlikely ever hit such a target, but it IS a target. Me likey a lot.


For those focused on silver/gold for SHTF, just bear in mind that today for 1oz of Silver you can buy about 20kg of rice. So no matter how 'bad' it gets, you can (in the worst possible circumstances) get by on a lot less than the amounts thrown around here.
 
auspm said:
goldpelican said:
Not sure about silver, but a "minimum" good sized gold stack would be 1oz for every month you plan to spend in retirement. This assumes you've managed to acquire a PPOR along the way owned outright.

So if you plan at retiring at 65, and expect to live to 90, better start stacking those 300oz of gold now.

Assuming a 45 year working career, for many people that's a very realistic stacking target of 6.67oz per year - basically 1/2oz a month into retirement savings. For many other people, it's an exorbinant amount :/

At the current GSR, that's 15,000oz of silver... numbers get even scarier when you look at your current age, and work out how many oz/month you need to save to reach that goal. I'm in the 1oz/gold/month range as a savings target already to catch up. Currently that's not happening.
Click to expand...

That's actually a bloody good idea GP.

I never really thought about it in this context, but I think you're bang on.

I know I'm unofficially lurking nowadays, but I definitely wanted to post a thumbs up for that idea.

I will very unlikely ever hit such a target, but it IS a target. Me likey a lot.


For those focused on silver/gold for SHTF, just bear in mind that today for 1oz of Silver you can buy about 20kg of rice. So no matter how 'bad' it gets, you can (in the worst possible circumstances) get by on a lot less than the amounts thrown around here.
Click to expand...

Whittling away your capital to derive an income?

Think I'll keep the PM's as a hedge and let my properties generate the income.


C
 
hotel 46 said:
^^^ all good mate. each to his own. some of us cant afford them and some of us are over them and moved on. as long as you are happy thats what counts. wear the shoe that fits you. 20kg of rice fits me. :)
comfortably.

welcome auspm i feared we had lost you :)
Click to expand...

I should clarify, the properties that I allude to are yet to be purchased.

Gold is in a bull market cycle, property is going down the gurgler.

If you've given up on property and moved on then you're moving the wrong way.

C
 
Assuming inflation moves up in proportion, a $6,000 per month passive income will give you a decent life/retirement (today's dollar)

Putting that in real estate terms, you need to generate $1384.62 per week in rental income.

Assuming a standard 8% property management rate, that translates to $1495.38 per week. In today's dollar, that also translates to an investment portfolio of $1,495,380 (~1.5 mil) owned outright, excluding PPOR.

In today's silver price (@ $31.19/oz) you need 47,944 oz to make that happen.

@ $100/oz, you need 14,953 oz
@ $200/oz, you need 7,476 oz
@ $500/oz, you need 2,990 oz
@ $1,000/oz, you need 1,495 oz

Assuming silver goes hyperbolic without the world economy going into hyperinflation in proportion.

Too many assumptions I know. But just some numbers to work with.

Revlisify
 
revlisify said:
Assuming inflation moves up in proportion, a $6,000 per month passive income will give you a decent life/retirement (today's dollar)
Click to expand...

72k a year! Wow that is more than most peoples working income :)
 
revlisify said:
Assuming inflation moves up in proportion, a $6,000 per month passive income will give you a decent life/retirement (today's dollar)

Putting that in real estate terms, you need to generate $1384.62 per week in rental income.

Assuming a standard 8% property management rate, that translates to $1495.38 per week. In today's dollar, that also translates to an investment portfolio of $1,495,380 (~1.5 mil) owned outright, excluding PPOR.

In today's silver price (@ $31.19/oz) you need 47,944 oz to make that happen.

@ $100/oz, you need 14,953 oz
@ $200/oz, you need 7,476 oz
@ $500/oz, you need 2,990 oz
@ $1,000/oz, you need 1,495 oz

Assuming silver goes hyperbolic without the world economy going into hyperinflation in proportion.

Too many assumptions I know. But just some numbers to work with.

Revlisify
Click to expand...

Just don't forget to convert your silver into income producing property so you're not going backwards every month in retirement.

C
 
You must log in or register to reply here.
Back
Top