Stacking Philosophy - I don't get it
- Thread starter stackerND
- Start date
wrcmad said:
Yes, very similar to what I tried (and failed) to express in the early hours of this morning. We have to do something to justify staying in this 5-year bear market - especially in a product with limited liquidity and wide buy/sell spreads (for us small fry).
Usually the ones celebrating a drop in price also hold it as an article of faith that PMs will go bananas-To-Infinity-And-Beyond.. and soon.. but how much actual buying they do on the dips is anyone's guess.
Money, get away
Get a good job with more pay and you're O.K.
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream,
Think I'll buy me a football team
Money, get back
I'm all right, Jack, keep your hands off of my stack.
Money, it's a hit
Don't give me that do goody good bullshit
I'm in the hi-fidelity first class traveling set
And I think I need a Lear jet
Money, it's a crime
Share it fairly but don't take a slice of my pie
Money, so they say
Is the root of all evil today
But if you ask for a rise it's no surprise that they're giving none away
"HuHuh! I was in the right!"
"Yes, absolutely in the right!"
"I certainly was in the right!"
"You was definitely in the right. That geezer was cruising for a bruising!"
"Yeah!"
"Why does anyone do anything?"
"I don't know, I was really drunk at the time!"
"I was just telling him, he couldn't get into number 2. He was asking why he wasn't coming up on freely, after I was yelling and screaming and telling him why he wasn't coming up on freely.
It came as a heavy blow, but we sorted the matter out."
Get a good job with more pay and you're O.K.
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream,
Think I'll buy me a football team
Money, get back
I'm all right, Jack, keep your hands off of my stack.
Money, it's a hit
Don't give me that do goody good bullshit
I'm in the hi-fidelity first class traveling set
And I think I need a Lear jet
Money, it's a crime
Share it fairly but don't take a slice of my pie
Money, so they say
Is the root of all evil today
But if you ask for a rise it's no surprise that they're giving none away
"HuHuh! I was in the right!"
"Yes, absolutely in the right!"
"I certainly was in the right!"
"You was definitely in the right. That geezer was cruising for a bruising!"
"Yeah!"
"Why does anyone do anything?"
"I don't know, I was really drunk at the time!"
"I was just telling him, he couldn't get into number 2. He was asking why he wasn't coming up on freely, after I was yelling and screaming and telling him why he wasn't coming up on freely.
It came as a heavy blow, but we sorted the matter out."
Jim4silver
Well-Known Member
yennus said:
It all depends on what the market does. There is no one right answer for all people in all PM markets. For example, if silver goes to $100, those with cheaper bullion who bought more ounces than the semi numi's folks will do better. Fancy coins lose premiums as the price goes up. I watched this happen into the run up to 2011 where I saw premiums on many semi numi's coins all but disappear relative to the percentage move up. In other words, a coin that at low levels went for double melt was not double melt when silver was near $50, thus the premium could not keep up with silver's move.
If on the other hand silver languishes at these levels for a long time or goes lower, those with semi numis coins will beat those "stacking" low premium bullion assuming the semi numi's stuff didn't cost an arm and a leg.
Just my opinion.
Jim
mmissinglink
Active Member
Well put, Jim.
Since there are so many possible variations on what type of silver product is purchased when and by whom and what your personal goals and predicaments are as well as the state and conditions of the world around us....there's no one right type of silver to buy.
Human psychology rather than history tells me the silver will be valued by plenty of people for the foreseeable future. History doesn't ensure the future but human minds don't change so easily and so that's what I'm counting on to know that the silver phoenix will rise once again. For as long as modern societies have been around I would venture to guess, people collect things they see as valuable. Included in this is old, scarce, aesthetically appealing, popular, or historically relevant things. Since I don't think this is going to change much in our societies, I believe that some portion of people will forever want to collect coinage. Coinage made from PM's seems to be very popular with many people who do buy coins....not surprisingly.
And this is coming from someone who rightfully argues that silver has zero intrinsic value (only intrinsic characteristics or properties) and that silver doesn't function as money today for the vast majority of people in the world.
I wish silver did function as money but in the same way then, I'd also wish that Santa Claus was real. I am a realist so I can not just pretend just because I like it.
.
Since there are so many possible variations on what type of silver product is purchased when and by whom and what your personal goals and predicaments are as well as the state and conditions of the world around us....there's no one right type of silver to buy.
Human psychology rather than history tells me the silver will be valued by plenty of people for the foreseeable future. History doesn't ensure the future but human minds don't change so easily and so that's what I'm counting on to know that the silver phoenix will rise once again. For as long as modern societies have been around I would venture to guess, people collect things they see as valuable. Included in this is old, scarce, aesthetically appealing, popular, or historically relevant things. Since I don't think this is going to change much in our societies, I believe that some portion of people will forever want to collect coinage. Coinage made from PM's seems to be very popular with many people who do buy coins....not surprisingly.
And this is coming from someone who rightfully argues that silver has zero intrinsic value (only intrinsic characteristics or properties) and that silver doesn't function as money today for the vast majority of people in the world.
I wish silver did function as money but in the same way then, I'd also wish that Santa Claus was real. I am a realist so I can not just pretend just because I like it.
.
Bargain Hunter
Active Member
Of course it is irrational if you are continuing to add to your position in gold and silver over time to wish for the price to rise because you would get less ounces for your money. Same thing as stocks or anything else. If I buy I hope the price goes down so I can add to my position at a better price. Yes ultimately you want the price to go up in the very long term so you can one day sell at a profit, but not when you are trying to accumulate. As Warren Buffett pointed out, hoping the price of an asset rises while you are buying more is akin to a motorist cheering on the rising price of petrol because he has half a tank of petrol in his car and the petrol in his car became more valuable. It is completely absurd
stackerND said:
Hi, Precious metals are complex standing on the state of volatile unpredictable changing world.
Got other investments in many forms, children almost finishing college in good shape and i am still at early 40s. Same i have my own house, few rental apartments and agricultural land enough to keep.
My primary goal is to avoid losing my money.
I keep stacking PM hoping someday it can be equal or more valuable that can be sold to provide more funds.
I always buy silver in various forms but mostly semi numis.
Gold is much easier to manage and easy to keep and incrementally increasing them once my fund is available.
Since its addictive, i avoid too much centering my nose in stacking. Doing so, the posibility of forgetting good things in life can not be enjoyed. Year by year, the discipline and good judgement in stacking will be learn by stacker at diff angles. Being happy to see the stack grows is a good sign of plus.
I was lucky that I never sell any of my acquisition since i started doing it.
If someday i will liquidate them, i just hope i sell them because i want to, not because i need to sell them.
I think it is important to know what is the investment goal is. I learned that a cash portfolio is always necessary in a quick draw, a straight cash generating assets and strong job security to be able to survive and evolve. If your investment goal is for long term, the issue in PM stacking should not to be mind at all. The prices not in your control and you cant do anything on this matter. Just continue in very conservative approach of acquiring stack. Special ingredients are not necessary at all.
One of the primary thing i used to watch is being healthy and fit to enjoy its worth for tommorow.
Don't let other people enjoy your stack
This is only my personal opinion.
JNS-FilipinasBullion
"I was lucky that I never sell any of my acquisition since i started doing it."
About 60 years ago I was told by a very astute Jewish customer that the golden rule of wealth is "NEVER SELL AN ASSET!" Once you have it keep it and use it to buy the next one by using the banks money to work for you.
And so it goes on and on.
Good advice.
OC
About 60 years ago I was told by a very astute Jewish customer that the golden rule of wealth is "NEVER SELL AN ASSET!" Once you have it keep it and use it to buy the next one by using the banks money to work for you.
And so it goes on and on.
Good advice.
OC
"A million dollars doesn't buy you much of anything"
About 43,000 ounces of silver!
OC
About 43,000 ounces of silver!
OC
yennus said:
There are still inherent risks in Numi's and they also swing according to other factors.
Collecting generics is tied to the spot market.
Collecting Numis is tied to the collectors market
They can swing together or separately
Be happy you have generics and hold onto an amount you can afford to.
You will be considered an investment guru by your friends if spot goes to the $40/oz level
Though i agree with OC.PM's are a hedge/store of wealth with profit potential.
REDBACK
Just stay clear of tulip bulbs if they are trading at multiples of the annual income of a skilled craftsman.REDBACK said:Wish i had of meet him when i was 12Old Codger said:
I wonder what assets today would be considered equivalent to tulip bulbs during the period of mania?
BulkCoins15 said:
He has a way with women, and he's just got away with yours!
Steel_Eyes
New Member
Here's a simple answer for the OP. I want PM prices low so that I can accumulate more silver and gold without paying too much. It's that simple. (Some of us don't have a high income but still stack as we can.) Now that silver is over $20/oz USD, I'm out except to buy new privateer rounds just to finish up that series (even though I've been somewhat unimpressed with the line after the first round). Any other coin/bullion needs to really be worth it, and I'll have to take advantage of presale prices (like the 2 oz Queen's Beasts, which finally became available in the US last week).
Right now, I only regret not buying an ounce or two of gold in January when it was so low. I figured it was going to go down to triple digits, but nope!
Beanie Babies? Wait, this isn't the 90s.
Downloadable content for a video game?
Right now, I only regret not buying an ounce or two of gold in January when it was so low. I figured it was going to go down to triple digits, but nope!
SilverPete said:Just stay clear of tulip bulbs if they are trading at multiples of the annual income of a skilled craftsman.REDBACK said:Wish i had of meet him when i was 12Old Codger said:
I wonder what assets today would be considered equivalent to tulip bulbs during the period of mania?
Beanie Babies? Wait, this isn't the 90s.
Downloadable content for a video game?
Why do thry want it to go lower? Because thry aren't selling right now and they know that it won't last.
I don't think anyone here wants it to go lower forever, but if prices are nose diving anyway for what's obviously a short term dip why not wish it goes really low and you get to buy more of what you like? Plus bigger dips and bigger buying stresses the physical delivery system.
I suppose people who are only numi and semi numi collectors could want it down and for it to stay down, but for most everyone it's like discount icecream, you put on weight when it's cheaper.
I don't think anyone here wants it to go lower forever, but if prices are nose diving anyway for what's obviously a short term dip why not wish it goes really low and you get to buy more of what you like? Plus bigger dips and bigger buying stresses the physical delivery system.
I suppose people who are only numi and semi numi collectors could want it down and for it to stay down, but for most everyone it's like discount icecream, you put on weight when it's cheaper.