Jislizard said:
I tell myself that I am not buying silver at all, I am just converting from one form of money to another, like a foreign exchange but converting Australian money into international currency.
I see Australia dollars a bit like a store gift card, great if you want to buy anything from that store but not much use if I want to shop elsewhere, plus if the store goes bust (e.g. borders) I lose the money.
By converting it into silver currency I get to spend it anywhere and the whole world has to go broke before I lose my money.
Absolutely.
Being a real silver stacker isn't just a question of buying some shiny to put aside 'just in case'.
It's a complete and utter rewiring of your cognitive function. A complete understanding of the system, how it
really works and taking the active steps to protect yourself from the inevitable of our system.
The most practical example of this I can relate to for the layman would be the Matrix, when Neo awakens into the real world. Once you take the red pill, there honestly is no going back.
That said, I have to admit there's a number of 'stackers' out there who are yet to honestly take the red pill
Getting back on topic, I have to say that spending 'too much' on silver (and gold) comes back to your disposable income and cost of living. As long as you're not starving the kids or missing the rent/mortgage repayments (ie it's surplus cash after cost of living expenses) I don't think it matters what amount you spend on silver and gold, as long as you're comfortable with the amount spent and don't leave yourself short.
If you are in a situation where you are looking at your purchases with regret, perhaps scale it back or even take a break for some time and think it over. It's not a one way street, you can sell your metals as you require or come back to it later. Perhaps put the metal in a safe somewhere and forget it for a while or take a break from it.
I know when people first get into stacking you can easily go a little overboard. The 'just one more ounce' ideology is something that can sweep us all up, especially when you have a lower investment position (where every ounce really does count!). Just bear in mind metals have a very long history in humanity and will no doubt have an equally long role to play long term as well. I don't think the system is going to completely collapse tomorrow, you all still have more than enough time. Well over 99.99% of the population don't even have a single
ounce of physical in their possession, so I don't look at it like you're going to miss out.
Just understand that no matter how much you stack, someone is always going to have more. We like to compare notes here and get carried away trying to compete here in the stacking community but the reality is, the moment you close the webpage and get back to the real world, they have (literally) nothing, comparitively speaking.
So my advice is once you have an initial position that you're comfortable with, scale it back and just add ounces as you please. Don't go overboard or you'll burn out and regret it.
