I've got a bit of a problem with silver

I

Ihateyou

New Member
Something has become more and more of a problem.

I don't have a massive stack by a long way but one of the main reasons for stacking silver was the "out of the system" easily mobile money storage.

The stuff weighs a tonne, it's not really possible to chuck it in a bag and go, it would slow you down far to much.

I think I'm going to have to go down the gold route, but to me it seems over priced :(

Now if you don't need to move it it's not a problem (and probably never will be) but it's just something to think about.

Not really any point to this post but it is something I didn't think about before stacking.
 
You sound like my bother in law, a good man.

So he is buying those little 1/10 oz of the fair haired child, and paying those healthy premiums that go with them.
He realizes that if (when) fiat does the swan dive, a one ounce coin will be hard to break for, whatever it is he needs.
Yeah, that 1/10 ounce that he is buying for only $150 will be much easier to spend.
Might only be $300 then.

I figure he will be coming to me to swap his stash for some of my junk quarters or halves.
He will be paying high premiums again, to get my low premium silver.

Silver price is volatile. I take that to be good.
Silver is undervalued, at 60 to one compared to the fair haired one, when it should be 16 to one, by multiple accounting methods.

So $10000 in silver weighs about 30 pounds (plus container). $100k, 300 pounds.
How much does 6 months in food weigh? Heck of a lot more than 30 pounds. Two pounds per day, per person, food and water, about 300 pounds. And the space is much greater.

How about those other precious metals, brass and lead. Those 50 cal ammo cans are no lighter with brass and lead - with 10% the value, by today's purchase - compared to silver.

I've heard and seen a lot of advice saying switch to gold, I just can't bring myself to do it, not yet.
Once I cross over 300 pounds in silver, might make sense.
I've got a ways to go.
Until then, I'll grab those ammo cans and run if I need to.
Two cans - $20k at $20 spot - is no problem.

JMHO, others will disagree.

~~~
Edit to Fix some math errors.
And my 50 cal ammo can with $10k silver weighs in at about 45 pounds with a combo of junk and .999%, and capsules/container.
 
Yeah, that's a real tough problem to have :)! But seriously, I think having both is a very good move. I haven't looked at the Gold price in Pounds i.e. I'm talking out of my ass, without having done any research, but I don't think the gold price is too high!
 
Yes that's right - big drawback of silver. Maybe wait until the ratio of silver to gold is more in your favour before you convert. It is possible to buy silver in an unallocated account if you are prepared to trust the merchant. No storage or insurance fees if unallocated pooled silver account.

Gold is so wealth dense and transportable
 
Silver is only a problem for thieves.
The thief Khadaffi also opted for gold, and indeed he had to run.
And since the thievery now spans the world, where are you gonna run to, haha?
I can just look at my EU region. In some past one could park his money/whatever in some other country. Then the thieves started to work together more closely. "Tax harmonisation' they call it. The "Single Market" they call it. If private companies would do the very same they do governments would sue them for price fixing. But that 'harmonisation' is the very same: it eliminates competition between governments.and forces a certain tax level.
So those arguments against silver and pro gold, they're repeated alot, but the real arguments for them, are hard to find. I think some like to promote gold above silver. I know central planners do haha.
 
Ihateyou said:
Something has become more and more of a problem.

I don't have a massive stack by a long way but one of the main reasons for stacking silver was the "out of the system" easily mobile money storage.

The stuff weighs a tonne, it's not really possible to chuck it in a bag and go, it would slow you down far to much.

I think I'm going to have to go down the gold route, but to me it seems over priced :(

Now if you don't need to move it it's not a problem (and probably never will be) but it's just something to think about.

Not really any point to this post but it is something I didn't think about before stacking.
Click to expand...

You need to give us a clue to your definition of "massive" as you say it weighs a tonne yet also mention chucking it in a bag.
If you have a stack that fills a fridge and weighs 100 kilos then I would call this massive but if you have 200 ounces in silver then this fits inside a desk drawer.


Not sure why you think gold is overpriced.
It has been a bargain recently and there is no 20% VAT added in the UK.
With a typical gold / silver price ratio of 60:1 you will solve your weight and flight problem stacking gold.
Stack one ounce Krugerrands for the cheapest gold and buy sovereigns if you can as they are in higher demand.
 
If you have a problem with silver, feel free to ship it to me! I have the Powah to tame it! :D
 
^^^you have enough already :p

Didn't even think about the inconvenience of moving silver until I moved house and then had to move interstate. Was an utter pain in the arse!

Now buying unallocated silver instead as it's obviously a lot easier to 'own' it and also to sell it.

Definitley not a bad problem to have but make sure you've stocked up on the more essential things like food and water. And works of art.
 
Multiple stash points in different locations that can you return to should it be needed or if the main location is compromised ?
 
Gold overpriced?
Silver follows gold.
If gold falls, silver will fall percentage wise, even more than gold.
 
Hundred year price chart for silver and hundred year price chart for gold.

Worth "googling" :)
 
Try figuring out how to get your stack from Aus to the UK lol. I just had to convert half my stack to gold and I am still over weight on my cabin bags lol. Even so, I think if you are expecting FIAT to crash you need silver in spendable sizes. Like 1 and 2 oz. And you need gold in fractions. Both will be essential for food and for bribes. If you are only interested in investments you already know what to buy.
 
I don't forsee many situations where you would need to run off into the wilderness with a backpack full of gold.

The safest place in a SHTF scenario is home.
 
swoydaz said:
Hundred year price chart for silver and hundred year price chart for gold.

Worth "googling" :)
Click to expand...
Let us know how it looks at the end of the next hundred year chart
 
House said:
^^^you have enough already :p

Didn't even think about the inconvenience of moving silver until I moved house and then had to move interstate. Was an utter pain in the arse!

Now buying unallocated silver instead as it's obviously a lot easier to 'own' it and also to sell it.

Definitley not a bad problem to have but make sure you've stocked up on the more essential things like food and water. And works of art.
Click to expand...
What kinds of art do you buy?
 
For portability and for tax reasons, I find buying allocated silver through GoldMoney and BullionVault better.

You don't have to carry it, it's great for moving the value of the silver across boundaries, and it avoids VAT (I live in the UK).
 
Personally IMO, if youre thinking youre going to need to 'bug out' and take your silver with you ... youve already lost. Hell at that point, if its that bad, you'll likely not survive anyway. In the real world, and in the actual ream of possibilities, about the hardest time youre going to have with a massive silver stack is when you move like metioned above.

I think the question you need to ask yourself is, why are you collecting silver? Is it to preserve wealth? To save? To speculate/invest? For doomsday? For me personally im investing into silver as a way to save money, at least hopefully. Provided silver doesnt tank, which ive been waiting to happen for years now.
 
ewells said:
I think the question you need to ask yourself is, why are you collecting silver? Is it to preserve wealth? To save? To speculate/invest? For doomsday? For me personally im investing into silver as a way to save money, at least hopefully. Provided silver doesnt tank, which ive been waiting to happen for years now.
Click to expand...

Doomsday is not why I'm stacking, just a insurance policy/ savings account.

However if I ever needed to move it, i.e. flood/ fire/ local unrest/ feel like moving country etc etc you couldn't really do it in a hurry.

Its just something I never really thought about :)
 
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