I do PM for the long haul. I don't do savings accounts, 401 , crypto currency is Bitcoin etc. I want tangible assets that eill pay me big 15-20 years down the road. I like the mercury and Roosevelt dimes . Ive got over 250 plus rolls. Silver is the most undervalued commodity on the planet.
On great points my friend well done the only thing you forgot I think was the fact that once you start stacking it becomes an overwhelming addiction you can never ever get enough😂🤣
If you tell one person about your stack, you may have told one person too many! You never know who that person will tell, and so on. Good point Silverback!
i seen so many stacks left behind in emergencies due to weight. i have move a ton of my silver stack to gold just to be able move my wealth quickly if needed.
Store I separate burn proof containers so if there's a fire your puddles don't mix. Metals are quite easily recovered after a fire if contained and if you know where they are at
I may very well be over 1,000 ounces stacked in 2 years. I'm not boasting... this scares me. Not the weight, but the decision. I bought into hype that it was gonna go to the moon YESTERDAY Lol. It was a knee jerk reaction to videos on youtube. I thought about selling some a few times. In hindsight, $35 would have been very good, as my average is around 27 - $28. But this also feels like a knee jerk reaction. I'm more inclined to hold and see what happens. Because my gut says we're going much higher in either 2025 or 2026. Had I used that cash toward my mortgage, I believe it would be paid off right now. I could probably sell the entirety and pay it off now. But I get the feeling that I sell it, then the price bounces hard 😂 So now I'm more in a holding period, paying my mortgage off HARD! I've decided to keep it as an emergency fund outside the system. To which I add at a MUCH slower pace. And if the ratio ever drops below 60:1 I can trade some to gold. RUclips also recommends me financial advice videos that I never considered before. Like high interest savings accounts, investing, etc. So this has all been a very good learning experience. So, I guess no regrets.
@@mattmatt6572 For people who knows how to play the game, debt can create wealth. It is stupid to get into consumer debt, but smart to use debt to obtain asset. Instead of selling silver to pay off his mortgage, he can sell that silver to obtain a second home for rental income. The tenant pays for your mortgage and the left over cash flows can help you pay off your own mortgage. Not investment advice, just something I personally would do. Also the benefit of tax write off.
There is nothing negative about silver. I will stack it tonthe rafters. Folks best be parking there fiat into something tangible. It is a long term situation. You stack it up with some gold fractionals and put it back for a rainy day 10 plus years down the road. My house is like fort knox. Then if they get through that then more than likely you will be eliminated by one of the neighbors because everyone looks out for one another down my street.
I waited until I was 110% positive I was financially stable enough to never have to sell my precious metals because I had to instead of when I wanted to. Unfortunately that was not until I was 55 years old. I am now 60 and can't wait to spend some of my metals after I retire.
I've been stacking since 1963. You learn as you go. I learned to have all my bills paid before I started stacking, so that you don't have to sell off some of the silver to then pay monthly bills. Save cash along with silver, for emergencies. Paying premiums on silver, then selling it to repair your car is one step forward and 3 steps back. Also, find multiple places to sell before you just buy and buy and buy. Don't rely on one local coin shop to buy from and sell to. Craig's list, ebay and Facebook, sometimes, have much better deals on silver, than your local coin shop. Lastly, don't tell ANYBODY that you are a big stacker even in casual conversation. Be safe. If they can follow you home or know your home address, you're compromised.
"The LORD is my rock, and my fortress, and my deliverer; my God, my strength, in whom I will trust; my buckler, and the horn of my salvation, and my high tower." Psalms 18:2 KJV
The way to reduce the risk of getting attached to your silver is to only buy "secondary market" (not vintage) generics and sovereign culls, i.e. ugly silver.
I do PM for the long haul. I don't do savings accounts, 401 , crypto currency is Bitcoin etc. I want tangible assets that eill pay me big 15-20 years down the road. I like the mercury and Roosevelt dimes . Ive got over 250 plus rolls. Silver is the most undervalued commodity on the planet.
On great points my friend well done the only thing you forgot I think was the fact that once you start stacking it becomes an overwhelming addiction you can never ever get enough😂🤣
@@ericreen6168 Very True. 🤣
Absolutely ☕️☕️☕️
I agree with all you've said. As a stacker I've come to the same conclusions but still stacking.
@@walterswanson3867 I love stacking. It's so much fun.
If you tell one person about your stack, you may have told one person too many! You never know who that person will tell, and so on. Good point Silverback!
Thank you
Great video....appreciate your ability to tell both sides of the story
@@MikeGold22122 Thank you. I appreciate it.
i seen so many stacks left behind in emergencies due to weight. i have move a ton of my silver stack to gold just to be able move my wealth quickly if needed.
@@LoveMeGold33 very true
Where the hell??? How many emergencies have you seen silver left behind.? Gtfo....
I know of one situation but it is quite different as it was a coin shop hit by a tornadoe. Makes for good medal detecting.
No you haven't
@ you do you boo. i know where my wealth will be in an emergency
Opportunity cost ALWAYS comes into play. Unfortunately, too many people don't think about them.
@@johnsanford3596 I agree 100%
Gold, Silver, and Lead. ❤
Store I separate burn proof containers so if there's a fire your puddles don't mix. Metals are quite easily recovered after a fire if contained and if you know where they are at
I may very well be over 1,000 ounces stacked in 2 years. I'm not boasting... this scares me. Not the weight, but the decision.
I bought into hype that it was gonna go to the moon YESTERDAY Lol. It was a knee jerk reaction to videos on youtube. I thought about selling some a few times. In hindsight, $35 would have been very good, as my average is around 27 - $28. But this also feels like a knee jerk reaction.
I'm more inclined to hold and see what happens. Because my gut says we're going much higher in either 2025 or 2026.
Had I used that cash toward my mortgage, I believe it would be paid off right now. I could probably sell the entirety and pay it off now. But I get the feeling that I sell it, then the price bounces hard 😂 So now I'm more in a holding period, paying my mortgage off HARD!
I've decided to keep it as an emergency fund outside the system. To which I add at a MUCH slower pace. And if the ratio ever drops below 60:1 I can trade some to gold.
RUclips also recommends me financial advice videos that I never considered before. Like high interest savings accounts, investing, etc. So this has all been a very good learning experience. So, I guess no regrets.
@@Handle_number_7 I wish you luck and hope everything will work out for you. Thanks for sharing.
People stacking when they are in debt is no different then borrowing money to stack. Wich is stupid.
@@mattmatt6572 For people who knows how to play the game, debt can create wealth. It is stupid to get into consumer debt, but smart to use debt to obtain asset. Instead of selling silver to pay off his mortgage, he can sell that silver to obtain a second home for rental income. The tenant pays for your mortgage and the left over cash flows can help you pay off your own mortgage. Not investment advice, just something I personally would do. Also the benefit of tax write off.
My interest rate and principal are quite low lol
So it has cost me surprisingly little to speculate.
Just keep holding it. It's insurance for JIC.
I got lucky a couple years ago and scored a 1100lb TR 60safe for free when my employer upgraded. It definitely helps me sleep better at night.
There is nothing negative about silver. I will stack it tonthe rafters. Folks best be parking there fiat into something tangible. It is a long term situation. You stack it up with some gold fractionals and put it back for a rainy day 10 plus years down the road. My house is like fort knox. Then if they get through that then more than likely you will be eliminated by one of the neighbors because everyone looks out for one another down my street.
Agree, personally I spent too much on silver and was forced to sell receiving a life lesson in the following hair cut. Love ZA
I waited until I was 110% positive I was financially stable enough to never have to sell my precious metals because I had to instead of when I wanted to. Unfortunately that was not until I was 55 years old. I am now 60 and can't wait to spend some of my metals after I retire.
@@wasillastacker At what age do you plan to retire?
I've been stacking since 1963. You learn as you go. I learned to have all my bills paid before I started stacking, so that you don't have to sell off some of the silver to then pay monthly bills. Save cash along with silver, for emergencies. Paying premiums on silver, then selling it to repair your car is one step forward and 3 steps back. Also, find multiple places to sell before you just buy and buy and buy. Don't rely on one local coin shop to buy from and sell to. Craig's list, ebay and Facebook, sometimes, have much better deals on silver, than your local coin shop. Lastly, don't tell ANYBODY that you are a big stacker even in casual conversation. Be safe. If they can follow you home or know your home address, you're compromised.
Thanks for sharing your insight. I appreciate it.
Your video came across my feed Very informative just getting back into stacking myself. Great video new subscriber here
@@OhSo_Interesting Thank you. I appreciate it
Excellent video!
@@hotheadedjoelhaha Thank you
Important discussion.
@@theHDP I agree
Gold has been currency for 5000plus years.
New to the channel, enjoyed the video
@@adscollection3106 Thank you. I appreciate it.
Awesome 👍
Thanks
Good video thank you:)
@@classicflo6616 Thanks for watching
Decent coin shop ain't going to run out of cash that's a very least I'll give you a check
"The LORD is my rock, and my fortress, and my deliverer; my God, my strength, in whom I will trust; my buckler, and the horn of my salvation, and my high tower." Psalms 18:2 KJV
The way to reduce the risk of getting attached to your silver is to only buy "secondary market" (not vintage) generics and sovereign culls, i.e. ugly silver.
@@johnsanford3596 Great plan
@@TheSilverBackStackeryeah if you want to end up paying taxes on generic silver.
Liked and sub’d
@@Eli-qr9hc Thank you
🐢🐢I like turtles. I found that stacking turtle eggs is much more profitable than silver and gold.
I eat the hell out of those.... nothing better.
I called your first stack a stack of collectables you got pissed you should show pics of your old stack to show what not to stack this time
I like the bars the best
You could be stacking Au
😂😂
Blah Blah Blah.
@@bazzadebear8012 😁
Silver is done…Put a fork in it!
what are you on ?
@@mikkelaagaard240 🤣
@@marcl7612 I would like to hear your thoughts on why you feel that way if you don't mind sharing.
Investing in silver is positive, but don’t expect to build wealth. It’s an insurance. It is important to diversify.
@@TheSilverBackStacker he don't have a answer.
Storage is my first issue too... once I get maye 1000 oz I will probably focus mostly on gold, maybe some platinum 👍🪙💰
@@coolbreeze6198 Great plan