Silver & Gold Stacking??

Just wondered if there were any other Silver or Gold Stacker's here?

I have recently started pouring my own bars from old 925 jewellery and coins and also 999 scrap coins and bars.

I don't have much, but I've started. Moreso silver than gold due to cost and what I believe to be potential upside. My wife has me cornered for a move in the next year or so, so I'm stressing the financial impact that will have on my stacking future.

/c

I used to invest in silver back when the price was ~$27/OzT and rising. It got to around $40 and I was about to sell (I was waiting for it to hit $45) and then the Gov't stepped in and made a ruling that regulated the price of silver. I think they flooded the market with bullion. It dropped to <$25 in one night. I wound up losing money. I waited months for a recovery but it never did, so I sold off my bullion at as little of a loss as I could and swore off precious metal investments.

So far, Gold, Platinum, and others have no shared the same fate that Silver did, but fact is; there's nothing at all stopping the government from doing the same thing to them. As long as that is the case, there's no reason to risk your money. Gold is still a viable investment it seems as there is limited growth due to very low industrial demand; the very thing that made silver attractive (aside from the low buy in price). But should a rapidly expanding demand for it rise up, there's little to say the same thing won't occur. The government does not want its currency to become second to a commodity trade, period.

Sigurthr said:

The government does not want its currency to become second to a commodity trade, period.

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That'll be because the investment in and trading of materials like gold is a throwback to the old days of the bartering system, where a central body like the banks are not needed, as the transaction purely involves the trade of goods and services between individuals. Such a situation is obviously not in the best interests of government as it removes its need and causes it to relinquish the control it has over us.

Me. got some at $20.30, but wish I had gotten it more recently at the low it hit of about $18.60

Shakenawake said:

Me. got some at $20.30, but wish I had gotten it more recently at the low it hit of about $18.60

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I buy alot of silver and a bit of gold. Silver spot right now is AUD22.80 (US$21.49) which is actually pretty cheap considering. Most of the silver I buy is old scrap 999 bullion and coins and a bit of 925 jewellery that I either refine into 999 or just make 925 bars if i'm feeling lazy :yh: Also, I never pay any more than 5% less than what my dealer will pay on at the time including postage unless there is a bar/coin that is unusual or interesting that I really want like the silver bullets or skulls etc.. but then i'm not really buying them as an investment and I still won't pay any more than 5% premium on top of spot.

I like silver as an investment because I can easily liquidate it if I need to for more than what I originally paid for it 99 times out of 100.

Gold on the other hand has had a bumpy ride over the last few months.. In a little over 3 days I lost a lot of money in gold as the price per oz dropped over $50! It is still hovering at about that level (US$1339) but it's just a lot more volatile than silver at the moment.

Also (sorry about the double)

Mexico is primed to back their currency with silver.
https://www.youtube.com/watch?v=D3MLn2UYw0A

Silver could jump from it's current $20/oz to $100's/oz if they do.