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a person having 300 oz of silver is that a lot
coinsscollect
Posts: 103
or just a decent amount
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Be happy with what you have and keep stacking
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equivalent right now. Optimistic people should favor silver in the long run
and oil in the shorter run. Pessimistic people should favor gold. Most
should have some exposure to all three. (or other "wealth assets")
Cash is becoming increasingly risky and paying lower and lower dividends.
As always people need to look to their own situation and what's right for
one will be very wrong for another. The best bet is to look at a distribution
that you personally feel comfortable with. This should generally be things
that produce wealth and return a dividend. Risk adverse people might make
money more slowly but in the long run it's much safer.
I like silver. I consider it the best long term investment on the ingenuity
of man. Right now it appears more like a coiled spring than it has since
about 1975. Everything seems to be falling in place and there's huge pres-
sure built up. But of course there are no sure things, and this goes double
for silver in the short run.
I'd say 300 oz is a lot of silver for a regular fella. I had 200 and thought it was a lot.
Then I learned Monex won't store it for you unless you have more than 1000 oz. So I guess 200 (or 300) oz isn't really "a lot" for an investor.
--Severian the Lame
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
<< <i>It's fine if you have 1/4 that much in gold and 1/10th that much in platinum. In fact, it's very good. >>
So you advocate having $78,000 worth of gold and just $5,000 in silver? I dont agree with that ratio at all!
Age... 20's: yes... 30's: kinda... 40+: no
And then there's that issue of income, net worth, and personal goals...
From my perspective... NO
you realize that it will never make you rich if it doubles in price
200-300 ounces is what i was flipping on ebay every 3-4 weeks a
while back along with other forum members here. that is what i mean
by jaded. before i thought it was a lot... then after a while you realize
you need a lot more to make decent money selling it. holding it you
need a ton to make some decent money.
<< <i> 20% of their wealth in precious metals >>
I had 20% in PMs in 2007. Since then my house equity has been wiped out, my company stock went from 22 dollars to 10 cents and the few stocks I kept have bitten the dust. Somehow I had the B***s to keep what is now a huge percentage of my worth in the PMs and every day I am waking up a lot happier.
Obviously 300oz is a huge amount to some and nothing to others. Hang in there , the ride is not over.
300 ounces to some of the people here is a drop in the bucket.
<< <i>cladking - so if someones net worth is 1 million US fiat dollars, then $200,000 should be in precious metals, oil, etc? >>
I'm not Clad but, if you had a million dollars I would like to see you in 150 k in physical silver/gold and 50-100k in pm/oil/ag stocks. That's just me.
I'm anxious to hear Clad's response as well.................MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>300 ounces is a sizable position for the average american in my mind. but one quickly becomes jaded with that small amount when
you realize that it will never make you rich if it doubles in price
200-300 ounces is what i was flipping on ebay every 3-4 weeks a
while back along with other forum members here. that is what i mean
by jaded. before i thought it was a lot... then after a while you realize
you need a lot more to make decent money selling it. holding it you
need a ton to make some decent money. >>
What he said^^^^^^^^ 300 ounces is way more than most people have but I don't consider it near enough.
<< <i>cladking - so if someones net worth is 1 million US fiat dollars, then $200,000 should be in precious metals, oil, etc? >>
...Or equivalencies.
A small basket of oil stocks are almost fully equivalent to owning oil itself. Oil
producing property might be even more than equivalent to oil. In fact all invest-
ments have some properties like oil. The value of aluminum is closely correlated
to the value of oil so aluminum "properties" can count somewhat as oil as well.
Of course some of the energy needed to produce aluminum could come from ot-
ther sources so you have to take each case individually. Owning property in
downtown Dallas would satisfy some of the need for oil. Oil shale rgar could be
profitably worked at $300 per barrel would count as well.
It's not simple and one has to find a mix that's right for himself. A younger pro-
fessional man would want to skew all his investments to higher risks and rewards
where someone who's retired wants to go with safety. A younger man might
satisfy some of his gold holdings with Chinese gold mines while an older one might
want ETF's or physical.
With all these investment you might want to use the commodities markets rather
than income producing means or safer ones. I don't see a problem with this despite
the higher risk but would strongly advise against any oof these markets which have
defaulted or appear capable of defaulting such as silver. Even this is OK for daily or
hourly moves but silver is too volatile and too controled to safely plan beyond the
moment.
Normally oil wouldn't be a part of the 20% people should put aside as "insurance".
It is today because the world is emerging from a financial meltdown that quite poss-
ibly had tight oil and high cost oil at its root. It might not be possible to overcome
this problem and the only way to muddle through is with far higher oil prices.
Normally 20% is a little high to have in "safe" investments but these are extraorni-
nary times. Every indication is that currencies will come increasingly under pressure.
(even the Swiss franc, yen, and yuan are not immune) All investments will need to
return more than the decrease in the value of what they are denominated in to break
even.
There are alot and are going to be a lot more great opportunities as it becomes clear-
er in what direction we're headed. When things start stabilizing in a few years then
it will be time to take on more risk. I've said it before and will again; it's riskier being
out of the stock market than being in it. Stock picks can already start getting away
from the high dividend and toward the higher risk but keep some powder dry since
it will be clearer soon and there is still some risk on Wall Street.
Camelot
<< <i>It is only half as good as 600 ounces. >>
Unless silver goes to $3 then it's twice as good.
Results do vary.
Lafayette Grading Set
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I knew it would happen.
<< <i>Just keep stacking and don't worry what others think about your 300 oz. To some thats not a lot but to you that might be a lot so be happy and just keep stacking more and more. It will add up
I agree, I didn't mean to belittle the fact that you have 300 ounces of Silver as I think it's great that you have way more than most people do. If you are comfortable adding to your position then you can keep looking for bullion whenever you have some extra cash or when an interesting piece of bullion is available, there are many bars that are scarce or even rare so sometimes you can buy something at bullion and flip it for a nice profit.