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How Much Silver To Be In The Top 1% / 5% / 20% Of All Stackers?
WingedLiberty1957
Posts: 2,961 ✭✭✭✭✭
I just watched an interesting video of someone trying to figure out how much silver you need to be in the top 20%, 5%, and 1% of all silver stackers in the world. He did make some assumptions but what he did to figure this out seemed plausible.
It basically worked out to this:
To be in the top 20% of all silver stackers, you need around 50 oz of silver.
To be in the top 5% of all silver stackers, you need around 150 oz of silver.
To be in the top 1% of all silver stackers, you need around 500 oz of silver.
Just curious what you all thought.
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50 0z seems low
This was the video ... kind of an interesting way to calculate ..
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I'm not going to try and figure it out right now but his results seem off to me, JMO
boston
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Gut feel only... I think to hit the top 20%, a lot more than 50oz. would be necessary. I do not consider myself a large silver stacker, but I would pass that level very easily... Cheers, RickO
found this somewhere on the WWW
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1) the average citizen doesn't stack
2) the average stacker likely has less than 100 ozs of silver or a similar equivalent in gold
3) the serious stacker believes the Fight Club rule - that is .... the first rule of stacking is that they don't talk about stacking
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Bad transactions with : nobody to date
500 oz to be in the top 1%? That number seems low as that is only around $15,000 worth. One single monster box. I mean we are only counting those that have some silver to begin with. If someone has been collecting for years and decades, that number is not hard to achieve.
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Looks like a pyramid scheme too me
Global numbers, totally legit...
$15,000 worth? Try $9.500 worth. less than an I-Bond transaction. They don't call it gutter for nothing. LOL
The whole worlds off its rocker, buy Gold™.
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"They" don't call it "gutter". Only you do.
$15,000 worth? Try $9.500 worth. less than an I-Bond transaction.
Please reveal where I can buy a monster box of silver eagles for $9,500 and I will buy it right now. Maybe 3 of them. Or 4.
I knew it would happen.
Monster box. $9,500. I'm still waiting. Do tell! Where can I buy one for $9,500?
I knew it would happen.
Those numbers seem small. although I suppose the vast, vast majority of people have a handful of "silver" dollars and never even consider stacking.
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He makes a series of assumptions based on reasonable facts, and extrapolates based on those facts and some additional assumptions:
1) How much silver is there in the world
2) Subtract how much is owned by nations and large corporations
3) This gives us the amount of silver that can be owned by "ordinary" people
4) How many adults in the world who likely own some silver
He the applies the "Pareto Principle", which states that within a given population, 20% of the subjects are responsible for 80% of the outcomes.
In this case, he's using the Patero principle to imply that the top 20% of individual silver owners in the world own 80% of the available silver.
From there it's just straightforward math. 80% of the silver that can be owned by individuals is owned by the top 20% of those individuals. That top 20% figure equals about 50 ounces. And to be in the top 5%, you need about 150 ounces. To be in the top 1%, you need about 500 ounces.
Some faults with his logic:
We don't know that the Pareto Principle actually applies here. It's not a hard and fast rule, it's just an assumption.
Also, the figures about what is owned by corporations necessarily includes corporations that are owned solely by individuals--even individuals who have set up those corporations exclusively to be stewards of large precious metals holdings.
But the biggest flaw I can find is that he makes the assumption that all silver not owned by nations or corporations is necessarily owned by individuals. I have local dealers who own 100 times more silver than I do. And I know there are other regional and national businesses that are either not corporations or that would fall under what is seen as "large" corporations, who own 100 times more silver than my local dealer does. However, that would mean there are even fewer ounces of silver to divide between average stackers, so the amount you'd need to be in the top 10% or 5% or 1% might be significantly lower than what he's saying. Maybe 100 ounces to be in the top 1%?
Now I'm the one making assumptions.
--Severian the Lame
Silver is available in forms other than Silver Eagles....
Silver is available in forms other than Silver Eagles....
blitzdude says I can get a box of silver eagles for $9,500 and I'd like to know where. I'm just asking for clarification of an outrageous claim so that we can get better information in this blog.
I knew it would happen.
Some people grasp that fact but it appears others believe APMEX ASEs are the only form of gutter that exists. Crazy World! RGDS!!
The whole worlds off its rocker, buy Gold™.
Some people grasp that fact but it appears others believe APMEX ASEs are the only form of gutter that exists. Crazy World! RGDS!!
Some people make outrageous claims and then can't back them up with documentation. Kinda like saying that they can buy a monster box of ASEs for $9,500 when it's obvious that he's just blowing smoke for no particular reason.
I knew it would happen.
You're like a parrot that learned your first words; ASE, ASE, ASE. For crying out loud nobody's talkin bout ASEs cept U.....well U and the fantasy APMEX premium guy. Expand your mind, go out there and purchase yourself some cheaper gutter. LOL
The whole worlds off its rocker, buy Gold™.
If I had been asked to guess the percentages for just the folks who regularly post here on the PCGS precious metals thread I would have guessed as follows:
To be in the top 20% of all PCGS forum stackers, you need around 500 oz of silver.
To be in the top 5% of all PCGS forum stackers, you need around 1500 oz of silver.
To be in the top 1% of all PCGS forum stackers, you need around 5000 oz of silver.
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I'll take 500 oz for 9500$.
Guttter ?
It's a visual thing
G LI T T E R.
It is glitter, actually. Dip it and see.
For all us precious metal bulls, those are very sad (very low ounce requirements) results.
No wonder metal prices (especially silver) haven't moved much.
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It's some dudes youtube video. Not like its reality.............oh wait but apparently to many it is. Man, when did the de-evolution of the human race begin? I suspect it must of been sometime around Y2K. RGDS!
The whole worlds off its rocker, buy Gold™.
@JohnnyCache Was thinking the same thing.
Even Blitz is/has been a 1%.
Too easy to be in the top 1%.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
My LCS owner keeps his own stash. He has over 200 monster boxes. He is definitely in the 1%.
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That's how I roll. Loving me the SLV. RGDS!
The whole worlds off its rocker, buy Gold™.