I am new to this website and this forum in particular. I have a question about how much silver to get and then move on. For the last 2 years i have been “all in” with silver and getting as much as i could possibly afford, however I think it is very stupid to put all your eggs in one basket, whether it be in silver, gold, real estate, land,…etc.
I keep hearing people talk about once you have a good “foundation” of silver, then it is ok to diversify and start investing in other options. Of course i will still add silver here and there but my Million dollar question is, what is considered a good foundation?? 250 oz’s, 1000 oz’s, 2000 oz’s…etc ?? Any input would be greatly appreciated.
Hard to say Silverking16. Not the answer you’re looking I’m sure. Are you completely out of debt? Do you need to buy your own food or can you grow, hunt or ranch your own? Are there others that will need your help when SHTF? These and too many other questions. For some that are just getting started a target of 100 OZ. would be nice and make them feel safer. For others 250, 500 or a 1,000 oz. would be in order.
You do make a good point. When do you look at other options? A personal opinion (not that it’s correct mind you), If you have no debt, enough food – water – meds – supplies, etc. and “get me by cash”. then may be 500 oz. is enough. I’m not sure anyone can give you a correct answer. I’ll keep stacking but keep my options open to other opportunities as well.
One thing is for certain, as this is primarily a stacking site, I think you’ll find most will say that you never have enough. I will certainly agree. Sorry I couldn’t give you a hard number answer but I’m not sure there is one. Good luck and welcome aboard.
Silver King I have spent a huge amount of time wrestling with this question. Starting in 2009 I began converting to silver and gold on a regular basis. This was 2 years before starting my quest for information about PMs through Silver Doctor and the 20 or so other sites that speak to this question. It might not be wise to follow my lead of converting all FIAT assets to phyzz since that is an extreme example. I’m pretty OCD when it comes to money and decisions that involve these matters. I’m also 60 so there are reasons for converting or going ‘all in’ to PMs. My level of trust, or lack thereof, in the financial markets, brokerages or paper trading is just about zero.
At present we converted 95% of our paper assets to physical metals There is no need to disclose our level of PM in ownership but I can speak to how much you could convert to PMs if that helps. If you buy phyzz regularly in a manner that would fund a retirement plan you can accumulate a large amount in short order. If you bought 10-20 ounces of silver a month instead of buying into an IRA, you would dollar cost average upwards or downwards as the market price dictates. Within a year you could have 200 ounces or more. Silver and gold have trended higher over the last 10 years with one of the best value increases of all asset classes. It is likely to continue for the next 10 years. If you have an IRA that could be cracked open without too great a tax hit, you may want to forego the IRA route and replace it with personal physical accumulation. IRAs have way too many spying eyes on that fedeally regulated stack so if I was starting over again I would not disclose my retirement assets To the Man.
If you weight your purchases into the early part of the PM accumulation while prices are low you should get a better return or bang for the buck. Buy early, buy often and keep your eye on the total value of your stack as well as the total ounces as a percentage of your net worth and liquid assets. It would not be surprising to see an early adopter accumulate 5,000 ounces of silver in 10 years if the investor started with one large purchase which is then topped off regularly. Once you start stacking it gets to be a habit seeing your ounces accumulate regularly. Many of the readers on this site buy regularly at whatever level they can afford, me included. It is fun to handle and manage a form of wealth that is both beautiful to look at and well as valuable to your well being.
Thanks for the responses guys…I have roughly 300 oz’s now and i just wasn’t sure if that was a nice amount and start to concentrate elsewhere. I guess as everyone says, ill just keep getting as much as i can and still try to diversify in other options as well. Thanks again, i look forward to being a prt of this community!
As a blue-collar working man who must manage paying the rent, putting food on the table and keeping the lights on, here’s my perspective on saving in silver.
Keep in mind that right now we are the early adopters. Most of our friends and family have little if any silver in any form. And this extends to the population at large. They don’t understand the threat of the coming fiat crash. And if they do, they don’t see the potential upside to having physical silver. If you have just one ounce you are ahead of most of your countrymen, sad to say.
Beyond that one ounce? Well, for now I have to budget for food, rent, gasoline, girlfriend, and all the other usual and customary expenses associated with being alive. What’s left over is available for saving. I have a 6-month cushion of savings in Federal Reserve notes. Primarily, this is a reserve to cover an unplanned loss of a job.
In the past I would just keep on saving in FedRes notes. But now I divert all my excess dollars into silver and SHTF preparedness. I alternate months. June will be a silver-buying month for me.
I will continue buying until it becomes unavailable. At which point what I have will be the foundation of my future wealth. Whatever I have in ounces – be it 50, 100, or 500 – will be far more than the average citizen. I may not become a “silver millionaire,” but in my community I will be head and shoulders above most. I’ll be able to keep going.
Consider Chris Duane’s analysis: 1/10th ozt. of silver = 1 day of hard manual labor. How many days of labor would you like to have on hand when the dollar melts away?
If you’re comfortable with what you have in silver, start using those excess FedRes notes to buy things to make life comfortable (or even profitable) when life as we know it starts to break down. Make an assessment of what you’ll need and start to acquire those things now (with inflation, you know those things won’t get any cheaper).
I hope this helps. (my first post to the group — Hi everyone!)
Thanks again everyone. Jayjay good stuff. Yeah, i also follow Chris Duane and have heard about how back in the day just 1 oz was considered 10 days of work…Going with that theory, im in a pretty good spot. Ill keep stacking away and making my life as comfortable as possible for me and my family. Thanks guys. So excited to be part of the Silver Doctors family…Rock On!!!
SK… Good question… It’s probably one of the most asked and least answered from what I have seen… I understand why people use the calculations and methods they do to come up with oz’s over how many days but who is to say those numbers will work for the future… It really comes down to 2 things…. 1 is what can you afford to convert to metals and still live your life… 2 is your gut… You set goals, meet them and then adjust accordingly… There are some that buy monster boxes at a clip and some of us who convert 10 oz at a time… You have to follow your gut… I currently am 15 oz away from my goal that I set a year ago… I’m impatient and will likely do without something just to get to that goal in the next week… I buy convert every week… Sometimes 3 oz and sometimes more… If a nice chunk of fiat becomes available I make larger conversions… My gut is greedy and wants to set a new goal before I change things up… Guess time will tell… I personally only keep enough fiat on hand to take care of current items an day to day expenses… I use physical silver as my savings account… If I need fiat I convert however much I need to cover that expense and replace it as I can… Basically what I am getting at is if you have to scrimp to convert a couple oz a month lets say then it’s safe to say you aren’t going to set a foundation goal of 2500 oz… On the other side of that if you make a good living and have to look for things to spend fiat on you likely won’t be setting a 500 oz goal… Honestly I wish there was a way for people to be more open about what they hold in oz without showing there cards so to speak… Is 500 oz a good start?? I guess if it takes you 2 or more years to get there then probably not… If you get there in 3 months then keep going…LoL ….. Like others have said you never really stop stacking… When you wake up in the morning and have that warm and fuzzy feeling about your stack then maybe then you can par back some and add to the stack in other ways as you were thinking… Ok… enough rambling from me… Good question and comments from all… Happy stacking!
If a silver dime bought a loaf of bread or a gallon of milk, would you feel comfortable with 100, 1000 or 10,000 dimes? If a silver quarter bought a gallon of gas, would you feel comfortable with 100, 1000 or 10,000 quarters? If a silver half dollar bought you a hearty lunch, would you feel comfortable with 100, 1000 or 10,000 halves? If an ounce of silver bought a nice dinner for two, would you feel comfortable with 100, 1000 or 10,000 silver eagles?
If you had 1000 dimes, how many days worth of bread and milk will that buy? Somewhere between one and five years worth depending on how many you’re feeding?
OK so you actually now have around 300 ounces. Sounds like you may be sitting on 500 dimes, 500 quarters and 500 halves which would be good. You should be comfortable with your level of 90% silver coins first and foremost. Having exact change and the ability to make change will be important. $425 face value in 90% will go a long way in a SHTF scenario. $1000 will go a whole lot farther.
Perhaps you’re ready to start collecting eagles, but no matter what specific variety of silver you already have, now that you’re in 300 high, I think you’ll find you’re addicted. So moving on may merely mean finer silver and then gold.
I would avoid silver bars bigger than 10 ounces because they’re too easy to tamper with and it may be difficult to get change if using one to purchase that loaf of bread.
Great way to look at it 40oz… that’s why I love this site. I’m a relatively new stacker and newish to the site (few months now), but I have decided to go as “all in” as I can with resistance on the home front, lol. I basically decided to do things like brew my coffee at home and forego all the crap I used to waste money on each week and put that into stacking instead. So for now, each week I’m trying to get anywhere from 2 to 6 (or more) oz, depending on how much “walkin’ around” money I can squirrel away and what we end up doing (going out for an extra lunch is nice, but that’s also generally 1 oz I can’t buy extra that week when all is done paying for the family, etc). Either way, I set smaller “manageable” goals for myself so as not to get overwhelmed and discouraged, and have already hit my first last month (plenty earlier than I thought too).
and it’s TOTALLY addicting once you start. I’ll probably never stop. Most of my stack so far consists of a combination of eagles and generic rounds. Once I hit my next goal point, I’m probably going to switch over to buying some Constitutional silver. My LCS allows you to rummage thru the bins and pick your coins, so I’ll be doing that for a bit in order to again slowly accumulate a stack of dimes, quarters and halves until I hit whatever goal I want for THAT. I’m one who still hopes for the manipulation to the lower prices to continue at least for a little bit longer, simply to get a bigger stack. but either way, I’ll be stacking no matter what. If I can ever convince my better half to see things ENTIRELY as I do, we’ll have a much larger stack, much faster. I have been debating what to do with an old 401K account from a previous job that’s not rolled over yet… the SD IRA option is looking mighty nice to me, but I’m also a bit uneasy with the prospect of having to figure out how to secure THAT much PM myself. Part of me loves the idea, part of me is nervous about the idea so for now… it sits with the bastiches @ Fidelity and I have on some level resigned myself to the fact that it may all go “poof” at some point. Will that suck? You betcha. That’s why I stack what I can and slowly work on the wifey to get her to understand why I’m getting more into preparing for the future, and understand that those paradigms we THOUGHT we lived under as we grew up into early-middle age, aren’t true.
300 oz? I’d love to be there, but won’t be for a while (unless she comes around fast ).
On the other hand, that stack I HAVE built up now, well… if silver does eventually shoot to $500 or $1000 per ounce as some experts predict may be possible, all bets are off and I’ll not care so much about losing that 401K, since my stacking will have covered most of that (and the stack still grows, so… ).
Hello all, my first post and eager and happy to be a part of the site.
Answer to the question of how much is enough. The SBSS videos say 1000 oz and its not a bad starting point but that even now is about 28k. Other things to remember…Guns closely chart the price of gold so picking up a gun or two isn’t a bad idea. A few acres of land before the price explodes to the upside. AG land is very cheap for taxes and one acre wont run you much depending where you live.
Just Remember like anything there will be a ‘time to exit’ and change the investment, to sell silver and buy something else. Maybe that is Gold…maybe Property…Maybe something new in the future. Don’t look at Silver as the ‘end all be all’ Its great and I’ve been stacking for a long long time Due to a coin collecting habit I got into from my parents. But eventually You will get more from selling it than holding onto it. That might be 5..10..25 years from now but it will eventually happen. Get some other things that ‘do stuff’ rather than sit there ‘while’ you stack. so if you have 200$ a month get a few oz…and a old rifle. or alternate…get some extra canned goods or long term food stuffs and silver. Keep adding to the silver pile while you keep stacking ‘other goods’ Books on farming or other such things are nice too…paper might be more annoying but your computer/ipad/kindle might not survive what is to come.
End Answer is ‘there isn’t enough’ Keep going a few here and there will never hurt as you start to add the other things up. Body Armor? Gas Mask? Water Filter? These things can get expensive too. I recommend investing and buying into things that will be a positive investment ‘regardless’ what happens.
Depends on the kind of ag (or agricultural) land you’re talking about.
Hello everyone, I’m new here. I’ve visited several other silver and gold forums and for one reason or another, they turned out to be cliques, or infested with guys looking for past enemies to pop up, and thinking I must be one.
Okay, I spent close to 35 years brokering Farm & Ranch real estate in Colorado. I also developed several parcels into subdivisions and sold lots at retail to residential or commercial buyers. Even if I’m not an Einstein in real estate, I learned a couple things over that time.
If you want vacant land as an investment, I’ve found the best thing to do is shop around for a good deal on AG-zoned parcels located just beyond the current band of high development near a larger city. Let growth overtake you and boost your property values up faster than the rate of inflation. And AG land that’s vacant but has good grass can be rented out for pasture for cattle. Let your renter maintain the fences, windmills, etc. And being in real agricultural production will keep your property taxes extremely low – your pasture rent will more than cover your taxes and insurance.
Nice to be here. Please don’t assume I’m someone from your past. I’m not an ex-wife or the IRS. So relax.
I think it’s a really hard question. I’ve asked it on other forums: ”When to say when?” – or, how much silver is enough? I’m coming to the conclusion that silver is obviously wealth. And I have never met a wealthy man who would say he had enough money. And so it goes – One foot in front of the other. Fifty ounces is a good goal to start. Then double that. And then 100 ounces isn’t nearly enough – go for 500. And so on, and so on…
Welcome to the forum Xizang. Good comment about real estate. A few years back, I purchased the vacant parcel behind my home, it has a barn surrounded by pastures. After a small investment of sweat-equity in fencing off the pastures & cleaning out the barn, I rent it out for ‘self-care’ horse boarding.
The owners tend to their own horses and I just collect the rent, which covers the biggest part of the monthly mortgage.
While buying, holding & flipping real estate has worked for you in the past, now it seems more sustainaable to derive income from a piece of property as I am doing.
As long as the real estate can carry itself. Right now, I’m looking for a marina or similar waterfront business property, that can produce enough positive cash flow to make its own payments. It can be found, just a little more rare in this economy.
Meanwhile, I like gold and silver, as they are so much more portable than real estate!
" If everything collapses, then who is going to power up the Internet? Not everyone will accept precious metals right away for payments after the collapse so by that time, the Internet will disappear as well. "Reply To: Will The Internet Be Up?
" It still cannot be used like "normal" currency. I can't take it to the bank and use it like a 100$ bill. There was a guy who wanted to pay his bills so he tried to exchange a few 20 for 20 coins at his local banks and they won't take it even if it is legal tender. The Royal Canadian Mint told him... "Reply To: Candian $100 silver coin
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" Thanks for the replies guys. It does feel good to know that there are a lot of other people out there that think just like I do. One thing I know is that the average person has a very hard time buying something that is going down but find it very easy to buy something that is going up. Just look ... "Reply To: My Faith in Silver is Just About Broken
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I feel your pain. I agree with your analysis in all respects. I stacked in 1979-1980 til the cartel broke the Hunt Bros back. It took THIRTY years for silver to recover.
I came back into stacking April 2011 when it was apparent USA and West in general were failing rapidly. I knew PMs ... "Reply To: My Faith in Silver is Just About Broken
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