You should make a trip to Chinese cities, tier 1, tier 3 and the county level cities (while it's still possible for australians to travel there), and you will want to own silver and gold.
What's the future of silver look like to you?
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You should make a trip to Chinese cities, tier 1, tier 3 and the county level cities (while it's still possible for australians to travel there), and you will want to own silver and gold.
Florida Stacker
New Member
Silver for me serves two purposes. First, as a fun and enjoyable way to save real money. 2nd as a hedge against inflation. I have a personal spending hierarchy which spans 8 tiers and silver comes in 4th. Silver is very important to my personal wealth building and retention strategy and I hope it continues to stay below $20 USD for year or two longer so i can acquire even more of it!
My personal spending hierarchy
(Checking Acct., Cash Stack., Savings Account., Silver., Platinum., Gold., Equity., Credit.)
Thoughts?
My personal spending hierarchy
(Checking Acct., Cash Stack., Savings Account., Silver., Platinum., Gold., Equity., Credit.)
Thoughts?
Easy. Stack the way you want, and make it enjoyable. You have a strategy which is great for your personal life income this is very important for your future wealth growth. Do your own research in what you are happy to stack, as with me its been a fun journey learning, I hope it's the same for you and good welcome to you
JOHNLGALT
Well-Known Member
"My personal spending hierarchy (Checking Acct., Cash Stack., Savings Account., Silver., Platinum., Gold., Equity., Credit.) Thoughts?"
I tend to like to get out of the dangerous red ones as much as possible & into 'REAL MONEY'.
Well, you did ask, lol.
So which servo takes silver for a tank of oetril
Or for that matter which Coles or woolies store takes silver in exchange for goods as you claim silver is real money you spend (it isn't in reality)
JOHNLGALT
Well-Known Member
"Or for that matter which Coles or woolies store takes silver in exchange for goods as you claim silver is real money you spend"
Do you have a reading comprehension problem brain-dead?
Yes, I claim silver is REAL MONEY, it is strange how you did not mention that I also claim that gold is REAL MONEY. Are you trolling for TPTB? Currency is what everyone is forced to use by the Governments to transact in. Nowhere did I say that we use gold & silver in everyday transactions.
I've answered this comment, but I can't be bothered chasing every RABBIT down a burrow, bye now.
p.s. "So which servo takes silver for a tank of oetril" Usually I don't buy a tank of oetril.
Do you have a reading comprehension problem brain-dead?
Yes, I claim silver is REAL MONEY, it is strange how you did not mention that I also claim that gold is REAL MONEY. Are you trolling for TPTB? Currency is what everyone is forced to use by the Governments to transact in. Nowhere did I say that we use gold & silver in everyday transactions.
I've answered this comment, but I can't be bothered chasing every RABBIT down a burrow, bye now.
p.s. "So which servo takes silver for a tank of oetril" Usually I don't buy a tank of oetril.
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My example applies equally to gold as well I think it is you with the brain damage as coles and woolies also won't take gold for payment of goids
Gold and silver stopped being real money several decades ago and nearly anyone that can remember it is dead or very close to it
If you can not use it in everyday transactions it is not real money it is that simple.
It is an asset no more no less
The four functions of money: a means of exchange, a store of value, a measure of value and a method of deferred payment.
It's the function of a measure of value which limits its daily use. Goods and services aren't priced in gold.
I started buying silver and gold as a small trading sideline many years ago. Mostly as a hobby. Most other hobbies are a 100% loss apart from the enjoyment you get from it.
Buy PM’s doesn’t lose 100% and at least for me I get a lot of enjoyment from my smallish pastime.
Meanwhile all the drama in the world that concerns me is counter but the usual rise in the value of my smallish pastime. For me a good countermeasure.
Today being a case in point with a warring Arab friends pushing the price up by 1.8% as I write this.
Buy PM’s doesn’t lose 100% and at least for me I get a lot of enjoyment from my smallish pastime.
Meanwhile all the drama in the world that concerns me is counter but the usual rise in the value of my smallish pastime. For me a good countermeasure.
Today being a case in point with a warring Arab friends pushing the price up by 1.8% as I write this.
Exactly which us wht it is no longer real money like I said earlier anyone that can remember using gold or silver being used as real money is dead or very close to it
Gonzo
Active Member
So my dilemma.... I have a sizeable stack and a little spare cash on the side. The dude that got me into silver has offered me 20kg at spot.... spot price today is roughly when I listened to him and started buying before averaging down vis this forum over the last few years. Do I buy now or wait?
Indeed which way will the price go. If you don’t have much time and you don’t want to think about it then buying 20kg at spot is no so bad. If this is a small addition then not much of an issue especially if you are keeping this long term.
If on the other hand you are doubling your stack and have shorter term objectives then I would wait until a clear direction in price movement has been re-established.
So silver spot is circa AUD840.00 and ABC are selling 1kg bars for AUD880.00...(assuming they are 1kg bars), that's AUD800.00 cheaper than retail...nearly one free bar.
A spot deal is a good deal imo (under spot better of course). What does buying them do to your portfolio average oz cost???