Define stacking

2ltdjorn · December 10, 2011 6:55AM

What is stacking, what can be qualified as stacking?

jmski52 · December 10, 2011 7:12AM

You buy some bars or coins made of precious metal. Then, you do it again.

Overdate · December 10, 2011 7:18AM

Put one coin on top of another. Continue until the pile collapses.

Baley · December 10, 2011 7:33AM

Stacking: to place items one atop the other

Overdate, I see from your sigline that you think 90% silver coins are worth 35 times face value... How much would you like to buy? Unlimited quantities available at that price

Overdate · December 10, 2011 8:41AM

Baley, my sigline was created last April when 90% silver actually was going for 35 times face. I'm too lazy to change it.

How long is your offer good for? I might take you up on it in a couple of years!

piecesofme · December 10, 2011 9:02AM

My def. of stacking is buying anything with money that is totally and completely in surplus of what you need to live on.
Some people buy multiple vintage cars, dolls, chairs, stained glass and on & on & on.
If it's something you enjoy doing and the purpose of it is to have something to fall back on in the event circumstances go bad for you, that's stacking.

I know a guy that buys 1 oz. of Silver a week, no matter what the price is because he is using expendable income to do it, and he likes doing it...I consider him to be a stacker.

I know a guy that buys just to sell and then takes the profits from those sales to buy something to stack...he's a stacker

I know a guy that only buys when he feels his metal of choice is at what he thinks is the bottom and then he loads up...he's a stacker.

All jmho.

derryb · December 10, 2011 10:29AM

<< You buy some bars or coins made of precious metal. Then, you do it again. >>

And you keep doing it on price dips and don't freak out and sell.

Consider it hoarding.

Darin · December 10, 2011 2:11PM

I'm a stacker but I'm pretty lazy about it, so I'm a slacker stacker.

pursuitofliberty · December 10, 2011 3:22PM

I think of a stacker as someone who acquires and holds things ... either by the form of a collection, or even a random pile of similar items

On this board, it seems to define those who are acquiring and holding physical PM's

Whether it's a 1/10th oz of Au at a time, or a 100 oz of Ag ... no matter the form or size ... if you are buying, and then buying again, and then buying some more ... and then doing it again ... you are probably a stacker

I buy a little PM's several times or more a year when I have extra FRN's, and I hold it as an form of savings or insurance ... rarely selling ... so the "stack" grows

I am a PM stacker

I learned how to do this because for many years before I started stacking Au and Ag, and still today, I also buy coins when I have extra FRN's, and I hold them as part of my collections (because I'm a coin addict) ... selling far less than I buy ... so the collection grows

I am a Coin stacker

Now, if I was buying and then selling most all of what I bought, I guess I would be a dealer ... although, if I was stacking up a little pile or collection on the side, I could be a stacker as well ...

yet if I was trading paper contacts on the COMEX or through the ETF's, and never taking delivery or holding physical, I would NOT be a stacker, I would be a trader

As for me, once I get my paws on something physical, and decide I want to keep for a while (usually this is a decision I make BEFORE I buy), it becomes part of the stack (or the collection) ... so my mentality is more that of a stacker, both in my PM holdings and in my coin collection

asheland · December 11, 2011 12:15PM

I'm a stacker.

derryb · December 11, 2011 2:27PM

My wife stacks old, out of date, useless magazines. Says she might need one in the future for a recipe. Her hobby is cheaper than mine.

mkman123 · December 11, 2011 2:58PM

Derryb could your wife be a hoarder?

jk

Stacker is someone who buys physical no matter the Amt and holds onto it

OzzyAndy · December 11, 2011 5:02PM

<< Her hobby is cheaper than mine. >>

Thats what my wife says with her magazines. However, if we ever needed to liquidate, I'd probably get more than what it cost me where as she'd get close to nothing.

Kd5ddo · December 12, 2011 1:44AM

They will keep you warm if you build a fire out on 'em... Well, for a few minutes at least. And if they are not glossy pages then you have some TP in a SHTF situation. Yeah, don't use the glossy pages...

cohodk · December 12, 2011 2:32AM

Define stacking

The (mis)understanding of accumulation with impunity.

Baley · December 12, 2011 2:44AM

Stacker is someone who buys physical no matter the Amt and holds onto it

And you keep doing it on price dips and don't freak out and sell.

If you buy it, hold it, and NEVER sell, pray tell: What financial good has it done you?

Kd5ddo · December 12, 2011 3:55AM

Stacking to me (relative to metals) is the storing of PM, generally with long time horizons.

The use of PMs for flipping, quick trades, or holding them for other short time periods, is not stacking.

Solo · December 12, 2011 4:18AM

<< Stacking to me (relative to metals) is the storing of PM, generally with long time horizons.

The use of PMs for flipping, quick trades, or holding them for other short time periods, is not stacking. >>

I agree with that. I would also add that true "stackers" are ones who buy with only melt price in mind. I post on several bullion related boards and I catch he77 every time I recommend modern mint products like UHRs, spouse coins, burnished eagles, etc. as 99% of those guys view coins simply in terms of melt value. That's fine with me though as it means less competition on the things I like. For example, I nearly begged some of my forum friends on another board to buy the 25th anni sets in the first place. Needless to say the few who listened have all thanked me repeatedly

.

Kd5ddo · December 12, 2011 4:36AM

<< I would also add that true "stackers" are ones who buy with only melt price in mind. >>

A great addition to my previous post, and I wholly agree. I am 99% a stacker, that 1% is for the pretty stuff that I cherish like Gollum... My precious ones...

erickso1 · December 12, 2011 5:00AM

I like to stack things that have a collectible value and a pm value. Things I can stick in my SDB and forget about for 20 years. 2009 UHR. A set of the 25th anniversary's. Unopened GSA Morgans. $50 AGE's. Silver proof sets purchased below melt. Stuff like that.

And I hope to keep adding to these things going forward. Maybe in different amounts, different metals, different designs, etc.

At this point, that is how I go about my stacking. May not fit w/ others definitions, but it fits mine. Things that lie outside of my core coin collection. As Ron Popeil says " set it and forget it ".

edited to add : I don't consider these things what I collect. I collect commems and am building a set of them.

Konahead · December 13, 2011 12:04PM

<< 

<< You buy some bars or coins made of precious metal. Then, you do it again. >>

And you keep doing it on price dips and don't freak out and sell.

Consider it hoarding. >>

Oh my god, my wife is right i am a silver/gold horder!

. They are going to put me on that damn show.

Define stacking

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