Ok let me previce this question with this statement….I am “all in” in silver. I have been stacking for about 2 years now after being brought into the “light” and seeing that the collapse is coming…With that being said, i have asked this question on a few other forums and noone really has a straight answer, so hopefully Doc will take a stab at it…Why do people like Doc exist?? What i mean by that is, if this collapse is coming and its pretty much a mathematical guarantee that it is, then why is anyone in the “know how” selling their silver. Why do PM dealers exist. Mike Maloney and Doc and all these others talk about how silver is the greatest investment in the history of the world. Shouldn’t Doc, Maloney, Apmex..etc just close shop, hoard all their silver and wait for the collapse??? This always confused me when people are saying that the dollar will soon be worthless and to sell all paper assets yet these are the same ones selling their PM’s for these same worthless dollars…never made sense to me…could Doc, Anthony or anyone enlighten me?? Thanks in advance for your responses…..and oh yeah, KEEP STACKING!!
The inventory of SD is only a small fraction of the Doc’s and I’s personal inventory. We can sell the metal and replace it in the same day. The prices we buy it from our suppliers is much better than you can get personally (unless your Eric Sprott!). Every dollar we make in profit goes right back into additional inventory. We still have day jobs and we still invest into our own personal inventory as well on a regular basis.
Doc and I both love to run this website and educate others. SD Bullion just supports the operating costs of the site in a legitimate way (instead of begging for donations, subscription services, or gimmicky affiliate deals). We also like to think we are draining some of the vaults of the Big Banks who are manipulating the silver market (in reality we are just a pesky little fly).
Well, I for one am very glad you let me join this little Church of Silver and share your enthusiasm for the truth.
I have to be honest with you though: Right now I’m between jobs. I used to make decent money – then the real estate marked did what it did and I’m a poor guy now. Thank God, I’m old enough to qualify for a few crumbs of Social Security each month as well as a little Air Force disability. However, I’m striving really hard to get a decent marina management gig – hopefully, outside the USA. I’m shooting for Panama or Costa Rica, as those are two stable, gringo-friendly nations with a rapidly growing population of ex-pats from the States and Canada.
So I’m being honest with y’all: I’m between jobs right now, and I’m still buying a couple ounces of silver a week. Just wait until I get a good paying job, and I’ll kick my silver acquisition into overdrive!
As for this site, I like the people here. No paranoid bloggers into calling each other names or engaging in juvenile e-fights. Just like minded guys and gals looking ahead. Thanks for allowing me to join your Church.
Perhaps they exist because its the only ethical currency left. Fiat, with all its associated corruption is finished. They are doing the right things: Stack themselves, educate others, and sell. Its a great idea to help pull silver off the market and shut down the corruption by default. Its too bad that the public can’t wake up. When the collapse happens, the public will be in trouble. Try to get your family and friends involved in stacking before its too late!
One must have make a wage in one way or another. The Fed note is the currency by law. You have to pay taxes in it. It may be possible for someone like Chris Duane to “walk away” from the paradigm but for the vast majority it’s not that simple. You gotta work to buy the things you need. Why not buy and sell metal as one work if it finances your private stack till this fiat charade comes to it’s ugly conclusion? Good work is where you find it.
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
" Nice Shootin' TEX!
I am thinking avoid the ASE's (I have some) as they are prolly tracked by Big Bro... at least the bulk purchases, as I started out with. But that went down in Lake Monroe, stupid of me to take the stack with me on vacation! You are best off buying with cash, and junk is usua... "Reply To: EBAY: ASE's at 40% PREMIUM
Call it a Petit Mal, mild stroke, or just a temporary lapse of sanity, but I went against my junk coin roots last night. Earlier, I had stated my preference for junk. This remains true to this day, but last night I purchase some silver from Apmex that in no way can be considered junk:
... "Reply To: EBAY: ASE's at 40% PREMIUM
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.