Time left ?

SmallTownCoins · November 20, 2014 3:42AM

If you were in your low sixties, (age wise) would you be stacking Silver ?
Is there time left ? Random thoughts ?....

MGLICKER · November 20, 2014 3:46AM

<< If you were in your low sixties, (age wise) would you be stacking Silver ?
Is there time left ? Random thoughts ?.... >>

It is a great store of value at any age. Cost average is the way to go.

guitarwes · November 20, 2014 4:13AM

What would you rather be buying at that age? Stocks? Metals? RE? Long Term Care Insurance? What are you goals from there on out?

If it were me and was financially secure, I'd trade dollars to buy time off with my family and make some memories.

BAJJERFAN · November 20, 2014 4:21AM

<< What would you rather be buying at that age? Stocks? Metals? RE? Long Term Care Insurance? What are you goals from there on out?

If it were me and was financially secure, I'd trade dollars to buy time off with my family and make some memories. >>

Stacking silver wouldn't/shouldn't be a 24/7/365 kinda thing.

mariner67 · November 20, 2014 4:25AM

<< What would you rather be buying at that age? Stocks? Metals? RE? Long Term Care Insurance? What are you goals from there on out?

If it were me and was financially secure, I'd trade dollars to buy time off with my family and make some memories. >>

Absolutely my plan also Wes! Could not agree more!
I lived thru and perticipated in the big PM run up in the early 80's and waited 30 years for the next run.
There is nothing that makes me believe the next big run up won't be the same....in another few decades.
It is not different this time.

johnny9434 · November 20, 2014 5:19AM

if the price is right yes. cost average works best

Baley · November 20, 2014 6:53AM

<< If you were in your low sixties, (age wise) would you be stacking Silver ? >>

it depends on many things, how's my health? how much silver do I already have? What percentage of my total assets is in silver bullion?

<< Is there time left ? >>

it depends.. how's my health? Do i have patience, or am I a patient?

<< Random thoughts ?.... >>

If you are having a hard time trying to decide whether or not to do something, how about trying to do it for a little bit and see if you like it?

jmski52 · November 20, 2014 12:55PM

If you are having a hard time trying to decide whether or not to do something, how about trying to do it for a little bit and see if you like it?

I Agree with Baley!!!!

At these price levels, and given the state of the financial system I'd say that silver is a reasonably good bet to utilize as a savings vehicle, with a potential for an upside run in the next 1 to 10 years.

The thing is, it does depend on other variables such as your total net worth, and how soon & how quickly you will need to cash out.

You wouldn't be starting at the peak of $50/oz., so that's the good news. Silver is very unpredictable, so that's the bad news. $16 an ounce is not a bad entry point.

mrpaseo · November 22, 2014 3:03AM

Right now, I am stacking... when I am sixty, I will be stacking... When I die, the stack moves on to my kin. Everything that I am, every thing that I do, is so my kin can have a better life... I gave up searching for happiness long ago... Now I live for one reason... to ensure my child is happy.

mhammerman · November 22, 2014 3:39AM

Agree w/mrpaseo. In my opinion, the sixties are a good time to stack a little, especially now while all's quiet. I'm still waiting for the GREAT GOLDEN NORTH AMERICAN BISON to reappear like it did a few years ago. If that metal spike comes back, the stack gets sold and the kids are going to have to settle for CD's. The trick to stacking is getting a little at a time, over time, with discretionary income.

RedTiger · November 22, 2014 3:45AM

No commentary, just a story: I have a friend, mid to late 60s, net worth low seven figures (maybe $3 million) with about maybe 45% in stocks, 45% in real estate, 5% in collectible cars, 5% cash. A couple of years back, one of his relatives got his ear and talked about the need to have some precious metals. My friend bought $1000 worth of 90% silver halves, just in case. This was added to maybe another $1000 worth of 10 ounce bars that he had inherited. This was when silver was higher at $32/$33, so his $1000 purchase is down about 50% in round numbers now. His real estate and stock holdings are both up substantially since that time. He has little interest in adding to his silver position.

BAJJERFAN · November 22, 2014 4:49AM

<< No commentary, just a story: I have a friend, mid to late 60s, net worth low seven figures (maybe $3 million) with about maybe 45% in stocks, 45% in real estate, 5% in collectible cars, 5% cash. A couple of years back, one of his relatives got his ear and talked about the need to have some precious metals. My friend bought $1000 worth of 90% silver halves, just in case. This was added to maybe another $1000 worth of 10 ounce bars that he had inherited. This was when silver was higher at $32/$33, so his $1000 purchase is down about 50% in round numbers now. His real estate and stock holdings are both up substantially since that time. He has little interest in adding to his silver position. >>

He's probably not too worried about a SHTF scenario either. Seems like most here are stacking for a different reason than your friend might be.

If one can't afford a down payment on a piece of property, it's going to be difficult for them to stack real estate a few square yards at a time.

BBN · November 22, 2014 8:41AM

I'm adding between 1/4 and 1/2 ounce a month in gold and also silver is bought with extra change here and there. I'm 44 and hoping to not ever have to touch this, but at the very least, if I'm debt free, and this country goes belly up or social security, my IRA or my pension are somehow trashed, at least I'll have something. I'm liking my diversification. And heck, I'd love to buy some land an acre at a time.

Time left ?

Comments