Patriots play the long game here, if it drops then continue buying. They wanted to try and discourage us by dropping price, so don't be fooled. The everything bubble is coming, no way around it. Buy now and plan to hold into 2021. Use the price fixes to your advantage, the banks were not happy so many of us started buying what was supposed to be their insurance policy. I don't think they planned on enough of us buying physical that we would drive price up. Wonder how hard they worked to force the price down. I am dismayed when I see someone who is so desperate to survive they are selling right now.
Actually, I'd be one of those people myself if I didn't have a good support system that understands my insanity. I'm disabled and put the little bit of cash I had from my settlement into silver at different spots...mainly around $16-$19 when prices came back DOWN years ago. Haven't been back up yet, but I was okay waiting as a LOT of people had wished they were "in that low." Last year I saw a buying op on a spike down on Halloween & had to buy more at $14.30. Freed up even more to buy again at $14.64 so between the junk silver over the years and the more recently-bought 100 oz bars, I'm sitting on close to 1k oz of physical metal.
My biggest conern is what if there's some "debt jubilee?" With my luck, silver would rocket, I'd cash in and pay off all my debts, THEN they have the debt jubilee after lol
Sorry been so busy and just now seeing your response. I have mulled over the same thing. Hard to believe given projected prices you would need that much silver to pay off all your debts. I am anticipating 130 an ounce on silver and 10k on gold. Planning to hold at least through 2021. I noticed the recent sudden drop. Think this was about trying to discourage people from stacking. You are in a much better position than 95% of the population. Hang in there patriot.
I actually bought 20 more ounces yesterday...a 10-oz .50 cal silver bullet for step-dad's Christmas present (in 2020 -- already got him the 2-oz one for this Christmas). He's already got the 1-0z.45 cal from last Christmas I gave him. The .308 (2 oz) is for Christmas this December, then the 10-oz .50 cal for Christmas 2020. It pays to be on top of the markets, as the move just today basically paid for the shipping costs!
Pretty cool, eh? ;)
Oh, I did get 10 silver rounds for myself, too. Already made my "big" purchase as I said before. Hope you have a great weekend!
also, when I did my figuring on paying off debt, I was conservative in my forecasting and also figured what I'd have after taxes.
But hey I did order 10 more 1-oz silver rounds as well as that .50 caliber 10-oz silver bullet, too. He'll be impressed with that 10 oz one. Last year was the 1-oz, this December will be the 2-oz, 2012 will be the 10-oz. I'm doing it that way bc as prices go up, the silver content of his presents will too, and who knows what the silver price might be in 2020? Doesn't matter tho, b/c I just bought that 210-oz one for under $200 with shipping and after the BIG markup per ounce due to the fact it's in a particular shape that had to be cast specifically, so it cost more to make. It's basically silver "art" I guess. But it'll really make points with him....especially if silver's "up there" and besides, it's not exactly a CHEAP purchase at today's low prices to begin with. He's just done so much for me over the years, if I can thank him by paying $200 for something for him now that might well be worth $500 or more when he gets it in about 22 months, I think he'll be touched. But he's worth it. He collects silver and when I gave him the 1-oz .45 cal round he told me "You know, I've seen silver bullets and thought about getting some a couple of times, but I never did. Thanks for this....I don't have one." This guy's probably got 6 figures of silver at today's prices stashed away mostly in vaults or a huge safety deposit box or both. But he doesn't have this form of it, and he's the 30 yr ex-army veteran. So it made sense with his background and silver collecting, I got lucky in that he hadn't collected those, and so I'll add the .308 this year and the .50 cal in 2020. I skipped the 5-oz shogun shells b/c they're just plain ugly lol
I am curious, do you have to pay tax on the silver where you are? I am in GA and have a guy that buys and sells using cash here. No paper trail... The national debt is unpayable and I am a slightly physically impaired contractor. IRS don't need any extra money from me.
If you sell locally and there is no paper trail... I had a talk with my PM guy about how purchasing would go during a hyper inflationary event. Basically he said there would be buyers, but people would not be able to sell too much quantity at once. One ounce of gold or one 100 oz bar would probably be your limit per week. Limited cash supply for dealers in those circumstances.
Hmm thanks for the info. Sounds like if I feel like price has peaked or otherwise want to take my profits and lose my risk, I could always drive around to different cities. Columbia's not but a little over an hour away. Charleston's 2.5 so is Charlotte, but that's out of state for me. Greenville/Spartanburg too. Camden, Sumter, and Florence are all a bit smaller, but all sort off together, with the Bach being sorta outta the way, Myrtle Beach that is. I wonder about doing it that way? Don't you have to show ID to sell? Perhaps not? I'm no fan of the IRS, either. Who IS?
The "rumor numbers" I hear otherwise are 8k-10k in gold as you say but also $180-$200 in silver, so my $168 target seems reasonable. Remember...bulls make money, bears make money; pigs get slaughtered.
...Ive even got like $5,600 in paypal credit, but that's like 26% VARIABLE...still, might be nice to buy 300 oz more but that interest rate, yiikes...I'd have to pay it off ASAP and on diability, I just don't have the resources to do so. But at least I DID get in on 500 oz at either $14.24 or $14.66 (2 orders separately) -- first one was at $14.24 (Halloween - had a nice "dop" that day so I grabbed it if you look at a chart, look at last Oc 31st. Second one was in Nov juuust as it was dawning on me, "Hey...were about to explode here." Then it did.
I just figured the downside wasn't worth it to wait it out b/c of the risk of it NOT dropping and again, we wake up one day and I've been priced out of a "value" purchase, which is where we're currently at.
"Don't worry about the horse being blind, just load the wago" is my saying about silver right now.
I'm talking about ALL debts, including my mortgage balance. I'm calculating a minimum of $168 an ounce b/c the last time, silver went up 12.5x and this time it'll be at LEAST that much, IMO.
I went ahead and bought the Christmas presents for this year AND NEXT in silver today, at ! $15.04/oz. I could either wait for slightly lower prices, but in the end, I'd save literally only a few dollars, so better to lock-in on known good prices than wait and wake up to silver up a dollar or something. Stepdad's gonna get a .50 cal silver bullet in 2020 for Christmas; this year, he's getting a 2-oz .308 silver bullet. Last year, I gave him a 1-oz .45 cal. So I'll have him a collection...he loves silver anyway...but I'll have to tell him, "don't be holding out for the 20 mm canon round, that's a 25-oz one" LOL
But, right now, I'm fully "hedged." Got a few irons in the fire. Looks like real estate may not work out, but what I'm in (a little bit anyhow) is a 2nd Amendment RESORT & these ppl have money and return a lot so it might be somewhat immune to a housing crisis....entirely different subset of people there who already made their money, are older people, and have the money to spend either way. Then the silver hedge. Then stock in a startup (ride-sharing/Lyft), and then if everything falls apart, I have done some prepping so I'll be eating my freeze-dried food over a fire in my fireplace cooked on wood from the woodshed, stacked floor to ceiling. About the only thing I'm NOT prepared for is for things to continue the way they are going forever if that's not iroinic...oh well, something will heat up someday and I'll have been prepared for it or set things up to take advantage, one.
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17135211? ago
Patriots play the long game here, if it drops then continue buying. They wanted to try and discourage us by dropping price, so don't be fooled. The everything bubble is coming, no way around it. Buy now and plan to hold into 2021. Use the price fixes to your advantage, the banks were not happy so many of us started buying what was supposed to be their insurance policy. I don't think they planned on enough of us buying physical that we would drive price up. Wonder how hard they worked to force the price down. I am dismayed when I see someone who is so desperate to survive they are selling right now.
17144187? ago
Actually, I'd be one of those people myself if I didn't have a good support system that understands my insanity. I'm disabled and put the little bit of cash I had from my settlement into silver at different spots...mainly around $16-$19 when prices came back DOWN years ago. Haven't been back up yet, but I was okay waiting as a LOT of people had wished they were "in that low." Last year I saw a buying op on a spike down on Halloween & had to buy more at $14.30. Freed up even more to buy again at $14.64 so between the junk silver over the years and the more recently-bought 100 oz bars, I'm sitting on close to 1k oz of physical metal.
My biggest conern is what if there's some "debt jubilee?" With my luck, silver would rocket, I'd cash in and pay off all my debts, THEN they have the debt jubilee after lol
17204642? ago
Sorry been so busy and just now seeing your response. I have mulled over the same thing. Hard to believe given projected prices you would need that much silver to pay off all your debts. I am anticipating 130 an ounce on silver and 10k on gold. Planning to hold at least through 2021. I noticed the recent sudden drop. Think this was about trying to discourage people from stacking. You are in a much better position than 95% of the population. Hang in there patriot.
17224532? ago
I actually bought 20 more ounces yesterday...a 10-oz .50 cal silver bullet for step-dad's Christmas present (in 2020 -- already got him the 2-oz one for this Christmas). He's already got the 1-0z.45 cal from last Christmas I gave him. The .308 (2 oz) is for Christmas this December, then the 10-oz .50 cal for Christmas 2020. It pays to be on top of the markets, as the move just today basically paid for the shipping costs!
Pretty cool, eh? ;)
Oh, I did get 10 silver rounds for myself, too. Already made my "big" purchase as I said before. Hope you have a great weekend!
17208574? ago
also, when I did my figuring on paying off debt, I was conservative in my forecasting and also figured what I'd have after taxes.
But hey I did order 10 more 1-oz silver rounds as well as that .50 caliber 10-oz silver bullet, too. He'll be impressed with that 10 oz one. Last year was the 1-oz, this December will be the 2-oz, 2012 will be the 10-oz. I'm doing it that way bc as prices go up, the silver content of his presents will too, and who knows what the silver price might be in 2020? Doesn't matter tho, b/c I just bought that 210-oz one for under $200 with shipping and after the BIG markup per ounce due to the fact it's in a particular shape that had to be cast specifically, so it cost more to make. It's basically silver "art" I guess. But it'll really make points with him....especially if silver's "up there" and besides, it's not exactly a CHEAP purchase at today's low prices to begin with. He's just done so much for me over the years, if I can thank him by paying $200 for something for him now that might well be worth $500 or more when he gets it in about 22 months, I think he'll be touched. But he's worth it. He collects silver and when I gave him the 1-oz .45 cal round he told me "You know, I've seen silver bullets and thought about getting some a couple of times, but I never did. Thanks for this....I don't have one." This guy's probably got 6 figures of silver at today's prices stashed away mostly in vaults or a huge safety deposit box or both. But he doesn't have this form of it, and he's the 30 yr ex-army veteran. So it made sense with his background and silver collecting, I got lucky in that he hadn't collected those, and so I'll add the .308 this year and the .50 cal in 2020. I skipped the 5-oz shogun shells b/c they're just plain ugly lol
17209976? ago
I am curious, do you have to pay tax on the silver where you are? I am in GA and have a guy that buys and sells using cash here. No paper trail... The national debt is unpayable and I am a slightly physically impaired contractor. IRS don't need any extra money from me.
17210422? ago
I am in SC so taxes are generally a little higher here than some others nearby too.
17210382? ago
hmm I just figured on capital gains taxes.
17210678? ago
If you sell locally and there is no paper trail... I had a talk with my PM guy about how purchasing would go during a hyper inflationary event. Basically he said there would be buyers, but people would not be able to sell too much quantity at once. One ounce of gold or one 100 oz bar would probably be your limit per week. Limited cash supply for dealers in those circumstances.
17210869? ago
Hmm thanks for the info. Sounds like if I feel like price has peaked or otherwise want to take my profits and lose my risk, I could always drive around to different cities. Columbia's not but a little over an hour away. Charleston's 2.5 so is Charlotte, but that's out of state for me. Greenville/Spartanburg too. Camden, Sumter, and Florence are all a bit smaller, but all sort off together, with the Bach being sorta outta the way, Myrtle Beach that is. I wonder about doing it that way? Don't you have to show ID to sell? Perhaps not? I'm no fan of the IRS, either. Who IS?
17208255? ago
The "rumor numbers" I hear otherwise are 8k-10k in gold as you say but also $180-$200 in silver, so my $168 target seems reasonable. Remember...bulls make money, bears make money; pigs get slaughtered.
17208135? ago
...Ive even got like $5,600 in paypal credit, but that's like 26% VARIABLE...still, might be nice to buy 300 oz more but that interest rate, yiikes...I'd have to pay it off ASAP and on diability, I just don't have the resources to do so. But at least I DID get in on 500 oz at either $14.24 or $14.66 (2 orders separately) -- first one was at $14.24 (Halloween - had a nice "dop" that day so I grabbed it if you look at a chart, look at last Oc 31st. Second one was in Nov juuust as it was dawning on me, "Hey...were about to explode here." Then it did.
I just figured the downside wasn't worth it to wait it out b/c of the risk of it NOT dropping and again, we wake up one day and I've been priced out of a "value" purchase, which is where we're currently at.
"Don't worry about the horse being blind, just load the wago" is my saying about silver right now.
17207986? ago
I'm talking about ALL debts, including my mortgage balance. I'm calculating a minimum of $168 an ounce b/c the last time, silver went up 12.5x and this time it'll be at LEAST that much, IMO.
I went ahead and bought the Christmas presents for this year AND NEXT in silver today, at ! $15.04/oz. I could either wait for slightly lower prices, but in the end, I'd save literally only a few dollars, so better to lock-in on known good prices than wait and wake up to silver up a dollar or something. Stepdad's gonna get a .50 cal silver bullet in 2020 for Christmas; this year, he's getting a 2-oz .308 silver bullet. Last year, I gave him a 1-oz .45 cal. So I'll have him a collection...he loves silver anyway...but I'll have to tell him, "don't be holding out for the 20 mm canon round, that's a 25-oz one" LOL
17144331? ago
But, right now, I'm fully "hedged." Got a few irons in the fire. Looks like real estate may not work out, but what I'm in (a little bit anyhow) is a 2nd Amendment RESORT & these ppl have money and return a lot so it might be somewhat immune to a housing crisis....entirely different subset of people there who already made their money, are older people, and have the money to spend either way. Then the silver hedge. Then stock in a startup (ride-sharing/Lyft), and then if everything falls apart, I have done some prepping so I'll be eating my freeze-dried food over a fire in my fireplace cooked on wood from the woodshed, stacked floor to ceiling. About the only thing I'm NOT prepared for is for things to continue the way they are going forever if that's not iroinic...oh well, something will heat up someday and I'll have been prepared for it or set things up to take advantage, one.