I’ve always wonder if there were other kids of my age who keep their savings in gold, silver or copper instead in fiat currency. The topic ” How many girls own and/or hold silver vs. the guys? ” encouraged me at making this topic. Also, it would be interesting for me to know cause that way, I’ll know that I’m not the only person of my age buying silver. At my age, it’s hard to convince people that the dollar is not money (see topic ” “Should I really tell the truth about “Money”?” result: “) and that you should not keep your savings in dollars.
Sumkid. Very interesting. I also wondered about that too. What age people start stacking etc. Last few years has been such eye-opening years to me that learning more about money and financial, so naturally, very curious of how and what age others came across to precious metal investment…
I’m sorry to admit that I was pretty much a complacent sheep until a couple years ago… my “politicial” awakening I guess I can credit to becoming aware of Ron Paul during his run in 2008, and REALLY waking up after that (unfortunately). In the course of that awakening, I’ve started to read a ton on money, currency and economics, learned about “sound money”, and of course that eventually led to PMs and stacking. Sadly, I was in my late 30′s when this started, and just entered my early 40′s over the last few years… so I’m not “old”, but I sure wish I’d “woken up” years ago!!!
Thinking about my old neocon self, I’m actually sickened at what I used to hold to be “THE TRUTH”. And you can’t force people to wake up or come around to this point of view or anything unless they’re open to it. All you can do is plant seeds, ask leading questions that hopefully get them to go investigate and learn on their own. The system is just too powerful setup to keep them fat, dumb and happy to fight it head on.
aragornsos. I think its better to wake up in any age than NOT and NEVER wake up – I don’t really think there are no such thing as “too late to be aware of what is*really* going on in the world”. I am early 30s, and only aware of the money, politics and economics last few years, and I must say, it has been such a fantastic journeys!!
I was in my mid 30′s before become aware of the specifics of the manipulation exerted by Elites, before the journey of education I used to call the paradigm of our economic existence - ”Program Plus” a version of the “consume, be silent, die” tag of earlier times.
I was into my 40′s before I started investing then saving in Silver and Gold.
It wasn’t long before my kids wanted some Silver of their own, they started with 10 oz bullion, once they got more money saved they trade them to me for some Luna 1kg Perth Mint coins. They’ve been holding silver since around the $18/oz mark or from when they (twins, one of each) were 8yrs old.
I envy them in a way, my father was a pretty course man and never got out of the trading hrs for dollars thing, he was a hard worker and I got that from him. During the decade of the ”naughties” I went to as many “Get Rich” seminars as I could, learned about property and tax and never looked back.
My kids learn these lessons from me and they’ve already experimented with their own money making ideas, they actully got in strife at school a couple of months ago, they were turning about $15 worth of icing sugar, citric and tartaric acid and flavors into sherbert and selling to kids at school. They made around $80 out of it before the head master put an end to it. He reckoned it looked bad having kids selling “white powder” at school. Oh well.
My daughter has a horse now so pretty much all her pocket money goes there, she still has her 1kg coin but the young feller buys every now and then off ebay and is upto around 40oz now.
I was in my late twenties when I first started collecting silver quarters until someone broke into my house and stole them all and I had quite a few pounds worth. After that I stopped not knowing the value until a couple off years ago and I’m now 66. If only I had continued (Sigh)
I am 30 so not too old but my 8 year old son already has somewhere around 10 ounces of silver and 20 ounces of copper in a few one ounce pieces but mostly pre-1982 pennies which are 95% copper I believe. I just bought him a few of these silver coins for his birthday….*He loves WWII history not the Nazi’s. That makes 3 generations of stackers tearing down the system one ounce at a time
I was 12 years old (1967) when I started collecting silver coins. I still have the collection of silver dimes and quarters I put together out of circulation. I am 56 now. Something you may find interesting is a comment I left on another post:
“In a world that is crumbling under financial chaos created by government counterfeiting and illegal deficit spending,…”
“As government continue to inflate currencies and spend money they don’t have, conditions will go from bad to worse. And since you can count on our government’s short-term-patching approach to continue, it is only a question of how much longer it can avert total disaster by coming up with new schemes.”
“Converting dollars into items which hold the best prospects for retaining a good portion of their values after the crash is one possible approach to the long-term problems the government continues to create. These items could be gold. silver, works of art – anything that might be in demand at a time when people refuse to take worthless paper in exchange for a loaf of bread.”
Does any of these quotes sound familiar? These quotes contain rhetoric that we hear all the time in recent articles and commentary. Contemplate this, these quotes were from a book called “Looking Out for #1″, by Robert Ringer, copyright 1977. I remember reading it when it was first published, was buying silver at the time and continued to do so, and I am still waiting.
I was about 13 years old (1987-88)when I got into coin collecting (6-7th grade). I began my love for coin collecting when my mom used to bring me and my younger sister to visit the local library. I picked up my first coin collecting book and thought it was really really cool. I bought my first Morgan Silver Dollar in 1988.Then a Silver Franklin half Dollar and so on.
I stopped during my High school and college years. I began my interest again in coin collecting at about 25 years old (after college). This was also the time I politically awoke which was during the WTC tragedy.
I wanted to collect Gold Coins during college, but I was pretty broke at the time and didn’t have economic collapse on my mind. Although I was aware of Gold and Silvers potential by 2005-6. I didnt buy until after 2008. I felt the crash wouldn’t come till at least 2010 when the baby boomers would start retiring. It came 2 years early. Originally I was Gun Ho about Gold and thought Silver wasnt as good of an investment because it was only $7 at the time. This was about 2006 and I was having some financial problems at the time. I always wanted to start a gold only coin collection since I was 13 years old. Now I am happy to say I have one
Well if that’s the case, then I’m glad that I’m not the only one who started to buy some physical gold, silver and copper at a young age. Too bad it’s not everyone who does the same financial actions like us.
I would say VERY FEW kids “stack” physical silver and/or gold. 1st: no $$$ to buy it, 2nd: Most adults do not stack due to lack of knowledge. If a kid stacked silver/gold, my guess would be it is because of a parent or other relative who introduced the stuff to them. i can tell you my 9yr old daughter is a “stacker” because I am..
I would love the idea of a 9yr old coming up to me & telling me they are stacker’s. That they decided to protect their financial future because they sense something is NOT right in our economy.
Sadly, most adults are clueless-even me sometimes..
@lowpro50 – my son is 8 and I get to hear from parents and teachers that are around him that he is the foremost knowledge on what coins are worth and what years of U.S. currency to collect and why. Makes me proud… I am getting him a couple ounces of the Ag for Xmas, he wanted an ASE and a new koala.
I agree totally. If you ask me the omission of monetary history from our schools is one of the greatest travesties.
The other day I got a few of my paper U.S. silver certificates out of the vault and compared them to our current Federal Reserve Notes. It was a little bit of an easy history lesson to grasp for him that Certificates were officially guaranteeing tangible assets of intrinsic worth while Notes were nothing more than debt printed, paper nothingness built on hope and a prayer.
It suddenly made just a tiny bit more sense what he hears dad and mom talking about at the dinner table with sound money.
I still have my first piece, a 20 gram Silver Producing Nations series, USA ingot.
Bought that at 15 yo and was collecting coins for some time before that. Not sure where the coins went, I had a few (several?) pre-65 Silvers and lots of other stuff. Quite a few foreign coins and some were Silver. My uncle (dad’s brother) went to France and gave me some French coins, some Silver in those for sure. The coin collection might still be with Dad’s stuff, he has old coins in the blue books and some loose. I kinda lost interest in coins as the usual suspects took over, (girls, cars, sports) but I wish my parents had encouraged my collecting more. You can be a good example to your kids, SK, when you have them! Great hobby.
" The formula to arrive at the price (of 90%) is silver spot price x .724. Example: Silver spot price is 19.84. So that price X .724 is 14.36 x face (each dollar). So ten dimes, four quarters, two halves would be (value) 14.36 per dollar. Now for the bad news (smile). Those who sell silver (l... "Reply To: Silver Eagles versus Rounds
" It looks like formula is .715 ozt per dollar face.....from my internet search.
So would one 90% quarter be $3.48?
At current silver price: 19.47 per oz.
(19.47 x .715) x .25 = $3.48
Just trying to figure out so I don't get scammed. "Reply To: Silver Eagles versus Rounds
" Where can a person with no much money get the 90% coins? APMEX looks expensive. And what's the formula for getting the price:
For a 90% silver quarter would it simply be the weight of the coin times .90? "Reply To: Silver Eagles versus Rounds
" I pray we never need to use our silver as barter. I enjoy a modest and reasonably comfortable lifestyle, and I would like to keep it.
In the attitude of complete disclosure, on my 8th birthday (a really long time ago)my grandfather gave me a 1923 Peace dollar. He told me to carry it always. An... "Reply To: Limited Budget.
" generic rounds will likely only have value to someone melting for another purpose. I have 2 generic silver rounds, i am going to keep them, but also know that only someone who really knows what they are doing would ever want them. Check ebay for relative prices. "Reply To: Limited Budget.
" Short and sweet!
90% is KEY choice. Its real money, and NOBODY is counterfeiting it. And you can use it ANYWHERE!
Two notes that should be of interest to all posters here: The Chinese have been given carte blanch to counterfeit ANY U.S. coinage. PCGS, who clearly for four decades were t... "Reply To: Silver Eagles versus Rounds
" I'm not against advertising, just surprised and disappointed to see paper being advertised on this site - a VERY anti-paper site. Makes zero sense. I usually click a few times a week on the banners to help the site's revenue (thus keeping it 'free' for us).
Sort of like getting a ... "Reply To: Selling 'paper' on SD?? Really? Rant.
" Silver Dollar - no harm at all man(?)! Just good discussion and nothing but opinions - it's all good! :)
Hopefully we'll never know how our silver, in any form, will be accepted in bad times and it will be an investment tool we get to sell and pay for a nice fishing trip.
... "Reply To: Limited Budget.
" I understand your point. Diversity is a good thing, to a point. I know the post is about limited budget. ASE`s and junk can be purchased in small quantities. Look around.
Times change. Generic rounds and bars had thier day, as did giant cell phones in bags, as did station wagons, as ... "Reply To: Limited Budget.
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.