If I was to start again in December 2022...
HTML-код
- Опубликовано: 29 сен 2024
- In this video, I talk about what If I was to start again...
Just thinking out loud really my thoughts and showing my Journey.
I am not a financial advisor, this video is for entertainment purposes only.
email: averagestacker@hotmail.com
It’s 34c here in Melbourne tomorrow
Great video.. I would not trust banks to save your money.. banks are shutting branches all around the country.. some banks are starting stop people withdrawal all around the world.. Blackrock again.. 2008 here we go..
Yeah, i hear they are rapidly shutting banks on the high street, tbf its also shops closing down too. But yeah I also am fearful for the future...
They are pushing digital currency to fuck us all in the long run
2 uploads in under 3 days, what a treat. Thanks AS 🤝
haha, thanks you sir, will try and keep it up, but as im not buying much its abit difficult to think of topics. So I just go with the flow. haha
Interesting topic you touched on AS. With interest rates going up, keeping a higher ratio of one’s portfolio as cash might not be a bad idea. Cheers 😊👍🏻
Liquid cash possibly, but who knows. We all love to spend it tbh.... lol 😁
Hey send2georgie. How you doing Big Dawg?
@@constitutionalstacker5701 doing good CS. Thanks for asking! ✌🏻😊
The trouble is, unless you can time travel into the future, no one really knows if this is a good time to buy physical precious metals. Also time frames and age are important factors aswell. The Gold price has always seamed expensive, until it rises.
Yeah, no one knows. Thats why its important to sort your foundations out before buying and getting into previous metals. 😃
@@averagestacker 100%
If you sell your proof coins to a merchant they simply do not care what the mintage, finish or which box it comes in, they pay bullion only. I think therefore you have to think about where you are going to sell it. A lot of proofs may only fetch bullion on ebay too. You are correct though interest rates are beginning to look slightly interesting.
Yeah, I completely rule out selling to dealers, wrong or right, only the time I need to sell will prove the correct decisions. Yeah them interest rates are looking juicy 🤣
How long have you been stacking man.
Coming up to nearly 2 years so not long. Thanks for stopping by, appreciate it.👍
Ooooooohhhhhhhhhhh. You started in 2021. Very nice. I'm actually really excited to know that there are so many of you out there that are within the first 1 or 2 or even less to stacking. That literally makes my heart happy. People ARE waking up!!!!
it worked 😁, thanks buddy. Appreciate it and I think there are a few that stack but as with the hobby its best to keep a low profile. How long have you been stacking for?
@@averagestacker Boom! Since 2008-2009. I've had two YT channels. Though the first was a flop mostly. This one is only a few months old. I don't know if you've seen my videos much but as I have evolved in my years of stacking I take a different approach than most. Some love it, some hate it. I hope all get something out of it. I've just tried it so many ways, and while I think they'll all pretty much a win, this is where I have ended up. I'm a bit unorthodox to most overall I would say.
@@constitutionalstacker5701 I don't think I have sorry, but will check you out now. lol. That is a long time to stack, right after the financial crash too. So you seen the highs and lows. 👌
@@averagestacker Thank you. I do see the highs and lows. See for me, when I started i was poor. Like POOR! I couldn't save a dime and I mean literally. I thought gold and silver meant rich. So I found a way to buy some. What I learned is this. I valued it. I wasn't going to sell it to buy stupid crap. I also learned watching the price daily and it not changing much that I wasn't going to get rich, though if I would have held two of my stocks years later (2 years ago) and gotten emotional and sold I would be. But see, over the years, I have built some gold, not a lot, but thousands and thousands of ounces of silver. I don't even know how much if I'm being honest. Now because I understand markets as much as one can I think, I buy stocks, usually do okay, sell out and buy money with it. I'm probably going to do okay in life financially but the more I acquire the less I feel I have. I just keep grinding. I feel metals are my safest long term bet, though I'm terrified of CBDC.
And sovereign here not being pure also carry tax so I don’t buy anything not pure
Must be a awesome stack collection you have, I like pure things too 😀
@@averagestacker yes I like the 9999 & 9995. Yes I’ve got a little bit but I’m only new to stacking as I’m only just over 2 years into it.
Proof coins in Australia have GST on them but silver and gold bouillon are free from tax so we aren’t as keen on those and we’re not paying VAT on silver non proof
Ah didn't know that, I assume GST is gold silver tax on proof coins? Yeah if had a choice of free tax then I would also take that route as usually cheaper.
@@averagestacker goods and services tax so like your VAT
@@roxysdadstacking9968 Thanks for letting me know
I find it interesting that you stated that bank interest rates have some appeal at the moment. I always compare interest rates to the inflation rate and presently that would indicate a negative real interest rate. If the inflation rate is at 11% and the interest rate is 5% on your savings then you're guaranteed to lose 6% of your spending power should these rates remain the same for a 12 month period. Whether precious metals over or underperform in a certain year really doesn't concern me too much because when they do have a price surge as they last did in 2019/20, they will make up for any lost time or previous underperformance. So, if in a particular period of time PMs underperform, it only increases the chances that they will outperform in the coming period. As for saving in a bank account, I would only consider this as a good choice if interest rates were well above the inflation rate which is highly unlikely to happen. Also I would have to look into the method of calculation of the inflation rate too make sure it's not understated which it could very conceivably be.
That is very true, but if prices stagnate for PM I reckon its better to have your money grow through interest rate savings rather than stagnate, but no one knows how PM will do, PMs could increase but its also true it can decrease but if your money is in currency your money digit is actually increasing although buying power decreases but you cannot do nothing about because of the printing machines and inflation. Which I think is very much underestimated, I believe the true figure is around 20-30%. Just by looking at my weekly shopping spending since last year. Probably best to have cash atm, cash is king as they say...
@@averagestacker If you think real price inflation is at 20-30% then that really means that paper currency is losing 20-30% in a year. If a bank compensates that loss by 5%, then it's a terrible idea to hold cash in this form. Clearly you understand this from your comment but I think you are not fully trusting in the ability of PMs to protect against inflation. I think it's because you're looking at the recent short term stagnation of PM prices. My argument is the longer PMs stagnate, the greater their eventual gain in the next up-leg on the charts. No-one knows when that up-leg will come for sure, but unless the money printing stops, one can be certain that it will come. I choose to sit in PMs and be patient. If there is a pullback then so be it - Sitting in cash anticipating further stagnation after PM prices have already stagnated for over 2 years is the higher-risk play imo.
@@matthewedwardsRHS True true, however 5% increase to the pot is better than it losing in value or staying the same ish. Also it is also liquid enough to move into other types of investment quickly ie property. I do think im looking at it in the short term but patience is what is needed with PM. I always have to keep motivated and remind myself why I started to stack in first place. How long have you been stacking for?
You're right. I have mentioned it too though. If you're sitting on cash and don't trust the market, you can make a higher savings yield while waiting to make a metal purchase due to higher loan rates for the loanees paying more to be in debt. Though you are right, it does not compete with inflation.
Great video.
Thank you sir, thanks for stopping by
1st💯
Thank you sir 😄
Hook up with shootfish/shorty we don't mind promoting another RUclipsr to get the hobby our for more people to see
Appreciate that, more than welcome. Thanks👍