Poll: How much silver BULLION do you currently own?
gecko109
Posts: 8,231 ✭
Im talking about bars, rounds, and 90% junk. Do not include your whitman folder of frankies and washies please. Stick to just bullion.
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Comments
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>Poll doesn't go nearly high enough.
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure. >>
Wow, wish I were in that boat. I have a measly 764 oz but I only started hoarding a few months ago. Sold all the silver I bought @ $5/oz when it was close to $20.
<< <i>Poll doesn't go nearly high enough.
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure. >>
It's my dillusional dream to own a ton of silver but I'm way, way short of this mark. and unfortunately, I will never get there.
I would love to say to people "I have a ton of silver!!" and actually mean it! (of course they wouldn't actually think I owned 2000 lbs of it).
<< <i>
<< <i>Poll doesn't go nearly high enough.
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure. >>
It's my dillusional dream to own a ton of silver but I'm way, way short of this mark. and unfortunately, I will never get there.
I would love to say to people "I have a ton of silver!!" and actually mean it! (of course they wouldn't actually think I owned 2000 lbs of it). >>
2,000 troy pounds would be 24,000 troy ounces. That's a whole lot of silver!
<< <i>
<< <i>Poll doesn't go nearly high enough.
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure. >>
It's my dillusional dream to own a ton of silver but I'm way, way short of this mark. and unfortunately, I will never get there.
I would love to say to people "I have a ton of silver!!" and actually mean it! (of course they wouldn't actually think I owned 2000 lbs of it). >>
People that actually have a ton, or even several tons, just don't go around saying "I have X tons of silver."
Nothing delusional about it at all, it just takes time. Some of us were fortunate enough to start building the hoard back when silver was just a fraction above $4 an ounce. I bought my first 100 ounce bar for the whopping total of $425.00 and I paid a premium over spot for that.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I also notice Sinclair never speaks of it as any worth.
<< <i>None...it will be absolutely worthless in the long run......... >>
Well there's confidence for ya. I might as well kill myself. Thanks.
Possibly....100-1000 years from now or longer. But what will definitely be worthless within 100 years will be the US dollar. Absolutely.
I'm more concerned about the next 10-20 years rather than 50-100 years away. Silver will not become worthless in the next few decades.
roadrunner
I also notice Sinclair never speaks of it as any worth.
You probably haven't noticed because you haven't been reading Sinclair very often or very closely. He in fact is quite bullish on silver, but gold is his main game. That's because gold functions as a central bank currency and has a role that silver does not have in these types of times. That's why gold has been outpeforming silver since March...and why JS sticks more with gold. But he has admitted multiple times that silver will trade at far higher values down the road...basically moving up along with gold. It could even outperform gold for short periods. But he has also said why he feels the gold price will eventually maintain 80-90% of its future peak value while silver may give up a large % of its gains.
roadrunner
<< <i>None...it will be absolutely worthless in the long run.........
I also notice Sinclair never speaks of it as any worth. >>
If 'the long run' means beyond our life time, then perhaps there is a slight chance....
but if 'the long run' means anytime before we die, then with all due respect, I don't know what you're thinking about.
I stand corrected then. I have only been reading what he is saying for a year.
Jon
<< <i>None...it will be absolutely worthless in the long run. >>
I think you may be confusing silver with the dollar.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
<< <i>Poll doesn't go nearly high enough.
I think there are many around here at well over 10,000 ounces.
Several at many multiples of that number I'm sure. >>
It's my dillusional dream to own a ton of silver but I'm way, way short of this mark. and unfortunately, I will never get there.
I would love to say to people "I have a ton of silver!!" and actually mean it! (of course they wouldn't actually think I owned 2000 lbs of it). >>
2,000 troy pounds would be 24,000 troy ounces. That's a whole lot of silver! >>
Well using your calculations I currently have a half ton of silver which is equivalent to 12,000 troy ounces. I've only got 6 troy ounces of gold along with numerous collector gold coins as I view Silver as a much better value than Gold, I also own 200 ounces of Palladium and 4.5 ounces of Platinum.