Still stacking?

J

John7G

New Member
At what point will you start to be annoyed with huge price dips? I realize you view it as an opportunity now but somewhere between "I hope it drops to $1 and stays there 50 years so I can accumulate" and "I hope I get one more pullback to offload this last bit of fiat" lies your threshold of patience for the silver price.

Personally, I committed a huge % of my capital to PMs almost three years ago and have been mostly watching ever since, while dealing in other investments and pursuits (yes, those do still exist out there, and yes, they require fiat). I rarely trade, and never in big $ amounts. So, I'm not waiting for a final few buying opportunities, but instead waiting for the first sell signals.

But, I realize that's not the case for everybody and many people are still dumping fiat for real money. Congrats to those people on this opportunity. I'm curious, though. When will the majority of stackers be ready to see this thing finally blast off? If it blasted off tomorrow, would you be more satisfied or frustrated? Just trying to gauge sentiment here.
 
I would be frustrated.... Still wanting to grow my stack over the next few months. Then I am happy to for it take off.

I am very happy to have seen this latest pullback. It has given me an excellent opportunity to increase my position.
 
hello John, good point raised. Depends on timeframes and goals, mine hinge on my superannuation, so I've got an incentive to take profits and share with my family before I'm dead. So for me, 50 years is probably out of the question. I will be moving my PM's in the next 12 years.
 
For me this is more of a wealth store. Although thinking I should have gone more gold than silver currently :p

But I am saving for a large sized house deposit and silver satisfies my desire to spend my fiat on something, whilst also accumulating true wealth :)
 
I would only sell out of need (that includes securing a primary need like shelter).

So until I have enough, I'm not too concerned about how high or low it goes.
If it goes to DA moon great, I'll get things done sooner.
If it goes to $1, then I'll continue stacking, but in bigger quantities.

I see my PMs as being potentially passed down generations, so being patient is not an issue for me.
Also, I am one who wants what cannot be bought, so I end up not getting what I want and keeping all the money O_o.
 
I have learned to cop life on the chin. We have no control over what will transpire, so being pissed off or delighted it is childish and irrational. That's not to say people don't feel these emotions. If silver went to $1 tomorrow, great. If it goes to $80, great. when is the right time to be richer than the next person? If I don't make as much as someone with a 3000oz stack, so what? Good on them for succeeding and making their life easier. I try to take more delight in the success of others. It's easier to be happy that way because at any point there will always be at least one person who is happy with their situation- which in turn I can be happy for!
 
When I first decided to stack, I set out the target ounces to accumulate and the number of years to achieve said target. I buy at regular intervals whatever number of ounces my fiat buys therefore lower prices only mean I achieve my goals earlier so although I am barely into my first year of stacking I am currently 1 year ahead of schedule. If silver goes to $1 then I should be able to reach my stated goal in just another year instead of the original 25 years!
 
Ouch,

After you reach your goal in ounces, will you continue to buy on big dips?

I also had set a target number of ounces to own in both silver and gold, and my stacks haven't fluctuated much since those numbers were reached. I have no concrete time frame or price target in mind for selling, but more or less a "value" target (Mike Maloney's basic idea).

I'm mostly done buying now as I'm comfortable with the "value" I've got stored, and the focus these days is on enjoying the present and participating in the other opportunities that we've still got at the moment, tough as times may be. From my perspective, I'd like to see this credit (then currency) crisis resolve itself sooner rather than later, and to me, PM dips and USD rallies are evidence that economic agony is being successfully prolonged.

I guess silver would have to dip all the way back down to my cost basis before I'd start to buy more in bulk, because at that level it would represent the same "value" it once did to me. I doubt it will get that low, but you never know. In the meantime, forget the nominal price, these plunges in relative value (against oil, stocks, etc.) are not the kind of outcomes any of us ultimately want.

Regarding emotion... let's not pretend we're all nihilists here with respect to PM price moves. Wealth doesn't buy happiness directly, but in this day and age, it certainly facilitates it. Stored wealth = stored leisure time = time and effort available to spend with family/friends and in other *really* important activities in life. An assault on our financial well being is an assault on our overall well being, even if we'd like to think we've evolved enough to completely separate the two ideas from one another.
 
John7G said:
At what point will you start to be annoyed with huge price dips? I realize you view it as an opportunity now but somewhere between "I hope it drops to $1 and stays there 50 years so I can accumulate" and "I hope I get one more pullback to offload this last bit of fiat" lies your threshold of patience for the silver price.

Personally, I committed a huge % of my capital to PMs almost three years ago and have been mostly watching ever since, while dealing in other investments and pursuits (yes, those do still exist out there, and yes, they require fiat). I rarely trade, and never in big $ amounts. So, I'm not waiting for a final few buying opportunities, but instead waiting for the first sell signals.

But, I realize that's not the case for everybody and many people are still dumping fiat for real money. Congrats to those people on this opportunity. I'm curious, though. When will the majority of stackers be ready to see this thing finally blast off? If it blasted off tomorrow, would you be more satisfied or frustrated? Just trying to gauge sentiment here.
Click to expand...
You bought 3 years ago and didn't see $50 Ag or $1900 Au as signals? C'mon, what'd you buy most your stack for? at least half of those prices, a third for Ag. Now don't get me wrong, nothing wrong with wanting more than 100-150% 3 year returns, but if you were in it for the short-midterm you should have sold at least 25% for some nice profit.
 
940palmtx,

Price isn't my only signal. Relative value is my primary signal. For most of my PM holding period, stocks have also rallied, real estate has been flat to slightly down (and even up in areas I'm targeting), and until the recent quarter oil had been up big, too.

Have the PMs been winners during that period? Yep. Are all-time highs good times to sell? Sure. But taken all together, relative values and the economic data in general tell me we're nowhere near the resolution to all of this. And that's what I'm holding for. 50% annualized returns are outstanding, but nothing compared to what these same assets have returned in the past, or appear likely to return in this current cycle.

Anyway, that's not the point. I was basically just curious to get the pulse of stackers regarding how close they are to being "ready" for the end game, and maybe what they view the end game to be. Some of the responses so far have been interesting because it seems like many people aren't even stacking for an end game, they are stacking for posterity. That's not my aim, nor am I against that strategy.
 
John7G said:
940palmtx,

Price isn't my only signal. Relative value is my primary signal. For most of my PM holding period, stocks have also rallied, real estate has been flat to slightly down (and even up in areas I'm targeting), and until the recent quarter oil had been up big, too.

Have the PMs been winners during that period? Yep. Are all-time highs good times to sell? Sure. But taken all together, relative values and the economic data in general tell me we're nowhere near the resolution to all of this. And that's what I'm holding for. 50% annualized returns are outstanding, but nothing compared to what these same assets have returned in the past, or appear likely to return in this current cycle.

Anyway, that's not the point. I was basically just curious to get the pulse of stackers regarding how close they are to being "ready" for the end game, and maybe what they view the end game to be. Some of the responses so far have been interesting because it seems like many people aren't even stacking for an end game, they are stacking for posterity. That's not my aim, nor am I against that strategy.
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Sorry for misunderstanding I thought you meant when was a good time to make money.
The end-game for me is retirement, just as all my other investments are.
 
Silver and Gold are money.

The only time you won't need money in life is when you're dead.

Hence I'll be a stacker for life.

Hence I'm 'still' stacking when I can afford to buy more.
 
Ah, it's been an exciting couple of days for me. I can't complain.

It certainly was a blessing to be able to cash out a lot of 1KG silver bricks early last week.

It's has also been a double blessing to see that the older Pandas haven't dropped in price (well... not yet anyway).

I'm using this time to stack as many 2011s as I can get my hands on. Their younger 2012 brothers should be coming out in a few months, which should give the 2011s a free boost :)

My condolences to those who have been hurt by the lower price in spot. I've been there, and it can sting like crazy when you really need/want spot to rise.
 
John7G said:
Regarding emotion... let's not pretend we're all nihilists here with respect to PM price moves. Wealth doesn't buy happiness directly, but in this day and age, it certainly facilitates it. Stored wealth = stored leisure time = time and effort available to spend with family/friends and in other *really* important activities in life. An assault on our financial well being is an assault on our overall well being, even if we'd like to think we've evolved enough to completely separate the two ideas from one another.
Click to expand...

My opinion of material wealth varies greatly to this. It is already widely established that wealth does not buy happiness, whether directly, indirectly or in some facilitative manner. It doesn't. From a Buddhist perspective, all emotions lie within the mind. The difference between a happy poor person and a rich miserable person lies within the depths of their mind. While ever you keep placing happiness in the outside world, that is where it will remain. Material wealth assists in the provision of education, health care, food, clothing and shelter. Above this, wealth only seeks to distract from central meaning of human life- and it has nothing to do with self.

I'm extraordinarily happy that you reached your goal and you are able to spend more time with your family and participate in activities that you wish to pursue. Those who are unable to spend as much time with their family or have lesser wealth should not deny themselves happiness, for each has a choice .. Even though it may seem impossible.

Peace.
 
yennus said:
It certainly was a blessing to be able to cash out a lot of 1KG silver bricks early last week.
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What is a blessing to some is a curse for others (says the buyer of one of your so-called bricks). Hopefully the Engelhard will appreciate as fast as those Pandas though. :P
 
auspm said:
Silver and Gold are money.

The only time you won't need money in life is when you're dead.

Hence I'll be a stacker for life.

Hence I'm 'still' stacking when I can afford to buy more.
Click to expand...

..used to be money. Gold and silver ATM are akin to stocks or housing. Not too many people accept pms at supermarket. I don't think il be stacking for life. I think there will be ups and downs and who knows what govts will do to pms. They may make it a criminal offense to own it and have ways of tracking people who try to use it as currency. It's pretty stuff.. But I don't think il be holding mine forever.
 
John7G said:
Ouch,

After you reach your goal in ounces, will you continue to buy on big dips?
Click to expand...

I would if I got to my target early, say half the time instead of the original forecast. After that I would consider it on a case-by-case basis.
 
Ouch said:
yennus said:
It certainly was a blessing to be able to cash out a lot of 1KG silver bricks early last week.
Click to expand...

What is a blessing to some is a curse for others (says the buyer of one of your so-called bricks). Hopefully the Engelhard will appreciate as fast as those Pandas though. :P
Click to expand...

HAhahaa.... I owe you a great many thanks :) You have enabled me to get a lot of 2011 Pandas :)

Next drink is on me at Gloria Jeans :)
 
Ouch said:
John7G said:
Ouch,

After you reach your goal in ounces, will you continue to buy on big dips?
Click to expand...

I would if I got to my target early, say half the time instead of the original forecast. After that I would consider it on a case-by-case basis.
Click to expand...

hehehe... always go for the bArGaInS :)
Especially the PFOOOAR BARGAINS! :)
 
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