flat-footed, blind-sided, with our pants down, without a plan. One coin dealer I talked to some years ago said he was around for that 80′s run-up, but he’s not particularly friendly — let’s just call a spade a spade, he’s hostile and arrogant — but his saying that made me realize there’s got to be others carrying the wisdom for our little community. I know things are somewhat the same now, only way different, but is there someone out there who can clue us into how things went before, maybe as a starting point?
This topic was modified 1 year, 1 month ago by Precious.
I’d like to tie in the question how to deal with (somewhat) numismatic silver coins and bars. Do we need to swap those before the peak, or better after (presuming same price corrected for inflation)?
My simplistic idea is that approaching a price peak, premiums on everything will drop, making a proof 1oz .999 coin with certificate exactly as valueble as a beat up one that is still exactly one ounce. Both will go into the melting pot, as that’s what your silver is needed for. Apart from a few fools buying silver for investment at what later will be considered a top.
I also suppose the cash for silver places will become more competitive as prices skyrocket and people are reluctant to take a bad price. Yes, it would be good to know what was paid in 1980 (premium %) for .999 .925 .800 etc.
Our junk coins/artefacts stack, which moment to sell that? Before, on or after the peak?
Next time will be different from 1980 in some ways:
- Internet : anyone wanting to sell silver can look up where and for which price to do so. Current buy-back prices are somewhat inventoried, but this will likely improve. BTW, there is just a few % spread here in Europe between cheapest seller and best buyer.
- Possible (hyper)inflation coinciding with the nominal or relative peak? If inflation catches up with silver’s ascend…how long to wait?
- possibly a stock/real estate crash, something to keep an eye on. Crashes are buy signals. 1980 was far from a crash it seems?
Might want to not waste time and jump on the stock wagon (transition from Kondratieff winter to spring? – look it up). BTW, my current plan is to go into real estate directly out from silver. This happens to be in line with Kondratieff cycles. Hoping we’ll get a clear coinciding peak in silver and a bottom in either stocks or real estate. Where the latter 2 are located, doesn’t really matter much. If real estate in Eastern Europe happens to bottom…I’m in! Fertile land, good workers, preferable climate and landscape (I’m a winter guy)
I’ve tried to sell a few bars and coins on a craigslist kind of site, and it’s not easy to get a good price. Especially when you have numbers to sell.
Here’s an interesting tin foil hat thought. What if part of the grand scheme is for the various governments, having scooped up as much silver and gold as they can, allow the prices of PMs to rise vigorously. Once a certain price is hit and even the long term patient stackers sell their precious metals at whatever price seems to be a good strike point for the sales. There is a sales price for everything.
The governments mandate that the PMs can only be sold through authorized outlets, aka government stores. This allows TPTB to catalogue all the sales, inventory the metals and register the sellers, forcing automatic tax burden with assumed capital gains.
Once a significant amount of privately owned phyzz is routed through to the various governments, the freely traded market for these metals is locked down. Even smart stackers are suckered by this ruse, thinking the coast is clear, only find that they have given up real money for FIAT.
Theyll know this happened if the government then lowers the boom on the citizenry and forces everyone into the paper, digital and electronic currency market and are thus able to control every aspect of the lives of the people . The real money is gone forever. That will be an “Oh No” moment in the lives of stackers but it would not surprise me if this took place. Many countries have strict controls over sales, taxation and transfer of gold and precious metals.
Well alcohol was once forbidden in the US, and that didn’t keep people from getting drunk. See what drug bans have accomplished.
Perhaps black market will offer a solution, or illegal exports. Surely not all governments can get away with such policies. Some have actual critical voters, and weak armed forces. That’s where you’ll want to sell your stack. Not easy for sure.
Point well taken XCS. Good people will find a way bad people too. But trying kill a precious metals market would take some serious work. One thing that makes silver and alcohol different. You can brew up alcohol and almost any container. Silver? I’ve never tried brewing the stuff. Anyone got a recipe for silver gin?
The reality of this legal illegal trade can be seen in China. The state mines product 360 tons. The ‘illegal’/ capitalist miners produce an equal amount. I heard it’s smuggled out of the country but who knows.
The Phillipines government has strong laws against ‘bootleg’ gold But most of the PI gold is ‘illegal’ It’s said that 10% of the gold in India is smuggled in. The government and central bank has taken noticed and can;t to jack about that trade either. Maybe it’s best to settle on the good saying that when government tries to control something the people find ways around the repression. Best to you.
Suppose silver did reach $500 but then you saw indicators that the US govt would revalue the dollar by adopting some form of gold standard, either through a type of gold exchange or that it would back its sovereign bonds with gold? Would you sell your silver at that point or would silver’s price be reflective of its unavailability by then – even against a revalued dollar - as all the big buyers would have purchased the vast majority of the physical? I am thinking of the moment when I would redeem my stack so any ideas would be great.
There are alot of people out there who believe that the market is fixed. Assuming it is, wouldn’t it behoove the banksters to run silver/gold down to the ground, scaring holders to sell at any price they can get. Later they would make a killing selling it at much higher prices. The other potential problem would be that silver may be needed as money during a hyperinflation scenario. At the end of hyperinflation, they may institute the ‘Amero’ (new currency) forcing you to trade one fiat for a new fiat or one based on the gold standard. There are so many directions this could go. When is the “best” time to cash out then. Maybe never.
Those of you that are discussing prices where to sell have lost the plot completely with what we are doing here. The Dollar will COLLAPSE and all fiat currencies tied to it so how retarded would it to be to sell a hard asset for any price of worthless paper dollars. I guess some people can’t get out of the mindset of the old paradigm that paper money is worth something or that you aren’t losing 10% of your money parked in paper assets. You guys are playing with fire. I wouldn’t sell a single ounce for a trillion dollars but if my 2-3 ounces of silver can buy 5 acres of land I am going to switch that silver for land and make it produce food.
Look at how when one ounce of gold in Weimar Germany got up to Billions of Marks (their dollars) they sold all their gold and silver only to see the currency crash and not exist so they had to use that paper currency they made on their gold be worthless fire kindling.
The goal is as the world is finding true values and most assets are highly overpriced and once they start to drop drastically and silver and gold are on their way up in a huge rhino horn thats when you jump into other under priced assets.
IF YOU ARE INTO STACKING AS AN INVESTMENT PURPOSE TO MAKE DOLLARS THEN YOU ARE GOING TO GET ROYALLY SCREWED. IT’S SIMPLE DOLLARS ARE PAPER BACKED BY NOTHING AND ARE LOSING THEIR VALUE EVERY DAY. TRADE MY SILVER FOR DEBT BASED FIAT PAPER MONEY NEVER!!!
All anarchy mean is without government or state- it doesn’t necessarily mean mass confusion and chaos. So is this the end result of buying metals…?.-
….to sit in your bunker polishing your silver eagles and cleaning your firearm?
Not that in and of itself is a bad idea but I think we better get working together on how to survive without (their) currency (notice I didn’t say money..). For in the end if you think you will sell your silver for their currency then you have already lost all of your effort. The whole point is not so much to sell for their currency- but to USE IT as money.
Better still, get rid of money all together ( notice again I said money this time for we could use let’s say energy as a currency)-and work to provide access to all of the needs of life TOGETHER… for ultimately that is what we are trying to do- survive…. so why don’t we all help each other to do that? Instead we fight over how much the thing is worth and who is stacked higher- thinking that those who stacks are higher will have the cute girl and a full food bank…. not so. Society will just find you and take from you like they are taking from you now.
Think this through a bit more people. If we are trying to walk away from a crazy system we better make sure we aren’t getting suckered back into it- or create the same thing all over again with a different name plate. This is about stepping into a new way of being not trying to game the current system so get to see the mast of the Titanic as it goes down…with us on it- knowing that we beat the other ones who are already on the bottom.
There is a saying and i not sure where it came from: ‘It’s better to rule in hell then to serve in Heaven’- better make sure that’s not running in the background in your head..
Just a question that some may have been wondering but haven’t asked.If you still have a mortgage and silver goes into the stratosphere. Would it be a good idea to trade the silver to pay off the mortgage or do they wait and see what happens when we come out the other side? It seems that if what happened in Zimbabwe happens here, one could easily pay off a mortgage with a billion dollar note. Just throwing it out there. Any thoughts?
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