Hey everyone, hope you are all doing well. I was wondering what people’s idea of a good stack size is? I know for whatever reason some people are so “top secret” about their silver but anyone willing to share thoughts on this subject, i would greatly appreciate.
I was only awakened to silver a few years ago so i was not fortunate enough to get in when silver was $10 and $15 an oz. I have an average purchase price of about $32. Because i just started 2 years ago i have been on a buying frenzy trying to build up a stack that i thought was good enough before directing any of my free cash elsewhere. I saw another member post that for you to be “in the game” when its time, that you should have a stack anywhere between 1000 and 5000 oz’s….I made a purchase at my coin shop last week which put my stack at just over 1200 oz’s…Do you think this is good enough to “move on” ??…Now i will obviously still sprinkle in small purchases of a few oz’s here and there but i was thinking of moving on from silver and from now on when i have a nice chunk of cash put it elsewhere. (please don’t ask where, i haven’t thought that far yet. Just trying to decide whether to move on from Silver). I have seen people on here write that they have stacks of 10,000 and 20,000 oz’s and that is AWESOME…But for the average guy such as myself that doesn’t have hundreds of thousands of dollars, is a stack of about 1200 good to go? As always, any thoughts are greatly appreciated. Thanks in advance.
Just saw your question, and its a GOOD one! I would say that you need to consider what inflation looked like in the 80′s (10-14%). The typical thinking out there is that if we would top out at that, it would be a holiday! Many are thinking of hyperinflation hitting us in the next 24 months. To answer your question, you may NEVER have enough. We as a nation have never been in this financial situation before. Remember, when silver goes parabolic (to three digits) AND IT WILL, the price of a loaf of bread may be 7 or 8 dollars in the morning, and 10 to 12 dollars in the evening, so while the prices of EVERYTHING go up, your stack of silver (price) will buffer you from being put in financial harms way. Now, I personally don’t put an amount of ounces that I need, I just keep stacking any chance I get. You should too. Please, don’t ever think you have enough!!!! Because you don’t know how long this financial nightmare will last. Remember your history (I presume you are (30-40s) what got us out of the Great Depression was WWII. Things today are different. While a World War is certainly a distinct possibility, the sheer devastation will make WWII look like a skirmish far, far away.
What I am telling you now is EXACTLY what I, and many of the people I know are doing: Spending money WISELY: Buy Guns, lots of ammunition, store sufficient food, water, and medicines for a minimum of six months, and CONTINUE stacking silver, PERIOD! If you spend money on anything else, hopefully it will come in handy to keep you and your family breathing. Apologize for the dramatics, but its just true, unfortunately. I wish you and yours the best. Here’s a litte tidbit. You are among the one-tenth of one percent of this country’s 330 million people who are AWARE of the necessity of owning silver. Please read that last sentence again. That should tell you in a nano-second how SCREWED the masses will be when the SHTF (s…hits the fan). And where will those people get what they need? They will try to take it from those that have it. Thus, guns and LOTS of ammo. I hope this helps. God Bless you and yours!
While “they” might not be able to accomplish their goals, and metals could be used in a recovery period of the unfolding financial devestation, I also see stacks as something that would be used as part of an interim period on the way to total chaos, if certain high-level thugs have their way, so I would focus on food first, because there isn’t going to be any, if “they” manage to pull off their plans, you won’t be able to purchase it no matter how much metal you have. This is an attempt to take down the planet’s entire population, not just a mistake, ineptitude, greed, so everything necessary to life is being targeted. Also, water and the means to clean it, and other necessities that won’t be available. There are books that describe what to lay in and in what quantities. There’s a site run by Mormons but not directly associated with the church, LDSAVOW.com (LDS Another Voice of Warning) that has two PDF publications, a shorter, older one and a longer, newer one, that you can download, or you can buy a hardcopy of the later edition. It’s excellent information. There’s also a forum for prepping at these links. The material at the site is available to non-Mormons:
@SILVERKING16: Maybe this should be a separate forum thread, if you think that’s the case, I’ll delete this and start another one, but it seems to me this would be a good place for seasoned stackers (I’m clueless on this, thus the question) to also state opinions of the various reasons for stacking particular forms of metal, e.g. junk, bullion. Also, in the case of junk, which denominations do people stack for what purpose and what would be their plans for divesting at some point, as in various permutations of SHtingTF?
Awesome question and great responses, I’d like to add to it.
Stack needs defining. My stack includes – off grid power (PV and biofuel generator), independant water supply, home produce (grown and hunted), ammo, scrap of all sorts (tin sheeting, copper pipe, various sized timber, bulk nails and screws, steel of all sizes and shapes etc.), bottles of gas (house and BBQ size), spirits, food (MRE’s and dry goods), tools of all types (incl blacksmith, carpentry and mechanics), ply board, PVC pipe, 44 drum of methanol, 44 drum of paraffin oil, 44 drum of tar, pool chlorine tablets, other chemicals, alot of animal meds OK for human use, cotton and flannel bed linen, some tactical equipment – night vision, laser sights, mylar blankets for warmth and thermal shielding, etc. etc. AND PM’s.
You need space and time to accumulate cheeply, I’ve been going since around 2004 and have a 14 tonne bogie drive Isuzu crane truck so can pick up up to 3.5 and cart it away from just about anywhere.
I swap fiat to PM’s in around a 4:1 ratio the other 75% of my discretionary fiat goes to the other items on the list and also small scalre project at the farm to increase the potential for production, protection and survivability of the family and critters on the farm.
We just passed the 1300 oz make after 6 yrs of Dollar Cost Average regular buying of Silver and the odd Gold (about5oz all up), I’m aiming at 2000 oz before concentrating on replacing all vehicles and motors with diesels, then maybe aquire some breeding stock – horses and cattle (Dexters I think).
I want a forge. I want a .223 rifle. I want complete independant power (at the moment we make around 40%)
Blah Blah Blah – the stack will never be big enough before the coming economic nightmare overcomes us. The little of my plans fulfilled and the wishlist outlined above will not be realised in full.
The point I make is don’t concentrate on PM’s alone, you need a plan to survive and a plan to move if you need to. If you can’t take all your stack, you need to be able to retrieve it in the future or take the most valuable part when you go. All takes planning and where you live, how many people in your care, mobility, health, destination, etc all come into play in constructing a fall back position for the posible outcomes of the colapse as it happens.
When the colaspe comes it’s not going to be a flick of the switch lights out thing, you’ll need to deal with hungry people, no power, no communications, posible hostile “authorities”. Time frame will be the thing which governs your actions and where you start from in a preparedness sense will come into play. If you have 30,000 oz but no car how will you move it in a bug out situation ?
If you want to rely on pm’s more than other items in the stack maybe look at Gold as a bias in PM’s buying at least you can pop 10oz up your clacker and still get around OK.
If you’ve found somewhere quiet don’t get complacent but you can make pits of caches of balance, you know a little bit of each – PM’s, food, ammo whatever in each.
Get to know your locals, go fishing/camping – get used to cooking outdoors, go get some firearms training, go kill something to eat, see what it feels like to live like that.
I have a wacky idea using the history of silver wages throughout centuries to find a pretty standard mean of living wages in silver. Extrapolating that across work days in a given year under my current standard of living I can come up with an ounce total that equals an approximate year total. I may be totally off but that’s what I have been judging with. Also it’s a good idea to keep your eyes off the Fiat Dollar price and focus more on the ratio’s of metals to assets in a collapse or pre-collapse scenario… Or in other words: How much of what real asset will your metals purchase.
Lets not forget why using Fiat Dollars to price a real asset in medium to high inflation is a wash. Under hyperinflation in Weimar Germany: January 1919, one ounce of gold traded for 170 marks; by November 1923, that same ounce was worth 87 trillion marks. Some people bought their gold at 200 marks in 1919 but sold back out in 1923 for billions of Marks … Only to have the Mark collapse and lose everything. Keep stacking!!
@clambake, the most important thing is what you are and what you know in case everything is taken away from you. Trying to protect all that stuff without a small army could be very difficult. Transporting silver and gold in a vehicle will be difficult with the odds of being stopped on the road and searched very great. Someone that has a knife, their health, and survival skills will have the greatest advantage.
@Crissy True enough girl : ) and a whole new topic of discussion for those stacking. Like they say in the realestate circles – Location, Location, Location. I wouldn’t be tryin to amass anything like what I’ve gathered over the years in Manhattan.
You can only prepare as best you can forsee problems in your immediate area so, at once it is an entirely individual thing but also a locational thing, even an organic thing, so an individual can change their perspective and change their plan as their awareness of events – past, present and furute, may affect them and theirs. What I’ve done may be inconcieveable to you but I believe I’ve covered as many bases as I can with my – time, money, energy, effort, family and friends connections from my perspective and if you had a look at what has been done on the property you might well say – “jeeze, looks like a small army has been at work here”.
I’m a bower bird, so most of this gear is gathered through trade, barter or favors, most of it is not new but servicable. Actually, I’ve built our home out of alot of it, we live in a kinda converted shed on 120ac 45min out of the nearest town of about 100,000 people, next closest town of any size is 2 1/2 hrs away heading the other way, at my back door is 45,000ac of natural forest and a massive water supply dam then the broard acre farms start and pretty much run to the South Australian border about 1,500km away or nearly half way across Australia.
I reckon I’ll hear them comin over the hill. I don’t see an army (an army in the sense of the army of soccer hooligans which will be fighting over the carrots Mrs Jones grows on her 5th floor balcony in London, Berlin etc. – I don’t live there) as a problem, in my situation, barring of course a hostile invasion from outside forces, any of the Asian countries for instance, then it’s anybodies game. In that case I’m also prepared to move but I hope it doesn’t come to that of course, this is our home, we have animals, good neighbours, it’s a very pleasant location.
In my case, I have 3 other families who are welcome, I keep telling them when we get together and it’s the end of the night, when maybe a bit too much lubracation has been downed I tell ‘em they’re weclome and to be mindful and don’t for gods sake daudle just come, they think I’m a bit eccentric, I trust them and when TSHTF if they can all get here, then yeah, a small army.
@Clambake LMAO well done Clambake and explained, I also live in a samall town and the neighbors all stick together so there will be lots of help if I need it. But I only have 40 acres with a river and pond and a few wildlife, so you have me beat there. Lol
I’m evious of you for your place @Marchas45, it looks awesome.
I showed the pic’s to my wife, she said her mouth watered looking at those deer. We have deer in the forest out back but they’re very timid, I have kind of a “Loche Ness Monster” style photo of a pair of deer (fallows) I saw one morning on the way to work and we have taken only one so far in the 4 yrs since living here. Another of the jobs on my list is to set up a salt lick somewhere in the forest and maintain it, I read somewhere that salt is like candy to critters, so am going to set up a frequenting post and stake it out once in a while.
Everyone’s stack size is gonna be different. Some feel secure with 1,000 ozs. Some have a 5-figure stack and still don’t feel it is enough. So, stack until you feel you can have enuf to barter with later (on top of all your other preps) and to take care of the family. Yeah, get out to the country too.
Never forget there needful things that people won’t sell after the SHTF. Try to get those things before the SHTF even if you have to pass up some extra phzz. I was at Wal-Mart yesterday and they had one of those bins of their full of throat lozenges, cough drops, icy hot those sort of things for 88 cents. I piled up on those!
Whatever you stack, make sure you can arbitrage it if your wrong. No one knows the future, all you can do is protect yourself from devalued currencies. for example, if you got $38K worth of silver, make sure you got an inflation beating savings account(s) with equal amount in other world wide currencies (American, Canadian, Sterling, Euro, Yen). Also look at Gold. Silver has the potential to make more money but gold has the potential to hold its value for longer and stronger.
As a side note, take a look at Bit Coins, they are rather cool.
A minimum stack could be based on the fiat financial advice, where at least 5 to 10% of your wealth is in PMs. Look at your total net worth and then get to that 10% level as fast as you can, then keep stacking, but look at all the other physical needs as well. The old timers used to do this as a way of life, they survived the Great Depression by being “preppers”, so to speak. Few people now do anything like the depression era folks. We are “civilized” LOL
When I started I had a feeling of being behind in the game, and it really screwed w/ my head. I felt that if I didn’t hurry hurry I would miss out on a great opportunity. As the years have gone by, and my stack as grown, things have changed. What was once a “get it now while it’s good” opportunity is now a “what else should I do w/ my money?” problem. So my advice: Unless you have a set plan, hold your savings in Silver. Purchase the same amount every month and you will lower the risk of volatility in the market. Then sell it when you need the cash. You will loose sometimes, and you will win sometimes, but please set aside some for long term retirement fund kind of stuff.
As for a sufficient stack size, there is no such thing. There gets to be a point when your not a stacker, but a hoarder. Watch out
" starlifter While budgeting to buy silver, rounds, junk or ASE, are there any assets you can sell that are not vital or just gathering dust. Garage sales and swap meets are great placed to rid yourself of clutter. The FIAT can then be used to buy silver "Reply To: Limited Budget.
" coinflation, as mentioned, should become your friend. Kowing the math is good, but I always have the latest coinflation updates on me when I go to auctions.
As far as obtaining it, right now it is expensive, but the $100 face bags are relatively cheap compared to what you would pay elsewher... "Reply To: Silver Eagles versus Rounds
" 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.
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