How much silver/gold should I have stacked.

Discussion in 'Financial Cents' started by VisuTrac, Apr 17, 2021.


?
  1. 10 ozt Silver

    1 vote(s)
    4.8%
  2. 50 ozt Silver

    3 vote(s)
    14.3%
  3. 100 ozt Silver

    2 vote(s)
    9.5%
  4. 250 ozt Silver

    2 vote(s)
    9.5%
  5. 1000 ozt Silver

    3 vote(s)
    14.3%
  6. More than 1000 ozt Silver

    7 vote(s)
    33.3%
  7. 1 ozt Gold

    2 vote(s)
    9.5%
  8. 5 ozt Gold

    4 vote(s)
    19.0%
  9. 10 ozt Gold

    3 vote(s)
    14.3%
  10. 25+ ozt Gold

    6 vote(s)
    28.6%
Multiple votes are allowed.
  1. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    How tall should my stack be?
    assume that bullets and beans are covered.
    and PMs would be for oh shit situation basically lasting say maybe 18 - 24 months
     
    Last edited: Apr 17, 2021
    techsar and Gator 45/70 like this.
  2. mysterymet

    mysterymet Monkey+++

    It rally depends on if you have the rest of your preps together and why you are stacking...
     
  3. HK_User

    HK_User A Productive Monkey is a Happy Monkey

    How long do you expect any problems to last aka how long do you expect to live if Sh*f?
     
    mysterymet, Gator 45/70 and VisuTrac like this.
  4. Ura-Ki

    Ura-Ki Grampa Monkey

    The way I'm thinking things are about to go, your gonna need anything and everything of value to be able to barter/trade with, I don't think buying is gonna get a feller very far unless there are exchanges set up that can be trusted, I see changing metals as a big challenge!
     
  5. techsar

    techsar Monkey+++

    Although I do have some PMs, in the current environment I would suggest more tangible items rather than bullion. Food, tools, building and fabrication materials come to mind quickly.

    All the gold in the world is useless if no one has for sale what you desire.
     
    DKR, eb in oregon, VisuTrac and 7 others like this.
  6. Altoidfishfins

    Altoidfishfins Monkey+++ Site Supporter+

    PMs are great for preserving your wealth in the face of an increasingly worthless dollar. Yes I own some.

    But having a safe place to live, where no one can cut off your power, your water, your food or throw you out of your primary source of shelter is ultimately going to be of the greatest value. It's a mater of priorities.

    If I didn't have a BOL I'd be looking for one before sinking money into PMs
     
    DKR, VisuTrac, Oddcaliber and 5 others like this.
  7. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Altoidfishfins is correct, "PMs are great for preserving your wealth in the face of an increasingly worthless dollar."
    This is the ONLY reason to have gold and/or silver, preserving your wealth for when things settle down and get back to some sort of normal. I prefer gold and silver coins that are legal tender, eagles. My greatest fear is waking up and finding out that our money is worthless...and that is what exactly will happen and soon. My guess is gold and silver will sky rocket with the fiat collapse so I think one does not have to put all one's savings into PMs because it could easily be worth 5X what you paid for it.
     
  8. oil pan 4

    oil pan 4 Monkey+++

    Put a large portion of your retirement in silver and gold.
    But, it won't do you any good if you don't know how to sell it.
    I have tens of thousands of dollars from selling ammo and silver to buy up some asset when that asset temporarily implodes.
     
  9. TXKajun

    TXKajun Monkey+++

    Not trying to be snarky, but if you have to ask, you ain't got enuf. :)
     
    gunbunny, TnAndy, Yard Dart and 2 others like this.
  10. Wildbilly

    Wildbilly Monkey+++

    Did you remember to pay capital gains taxes on your ill gotten profits?o_O:mad::censored::cry::sick:
     
  11. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    OMG! I just realized that the tax rate on selling gold is 28%! WTH? I assumed it would be normal short/long-term gains but it's consider a collectable so 28% no matter how long you hold it. %#$*!!!!
     
    Gator 45/70 likes this.
  12. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    there is a bill in congress now to make non-taxable. likely hood of passing? Not likely.
    https://www.moneymetals.com/uploads/content/Mooney-HR2284-draft.pdf
     
    Last edited: Apr 19, 2021
    gunbunny and Gator 45/70 like this.
  13. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    At least make it reasonable, like normal capital gains, but I imagine even those will go back to the old levels soon given the crook we have in office.
     
    gunbunny and Gator 45/70 like this.
  14. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    reasonable like 0%. Currently it's like taxing the asking a retailer to exchange 2 dollar bills for 8 quarters so you can buy something from their vending machine.
     
    Gator 45/70 likes this.
  15. DKR

    DKR Raconteur of the first stripe

    Only in the US - taxing inflation. IOW - screwing you twice.
     
    Gator 45/70, HK_User and VisuTrac like this.
  16. oldman11

    oldman11 Monkey+++

    Sell for cash
    [flag]
     
    Gator 45/70 and HK_User like this.
  17. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    It's actually a taxable event. You are by tax law, to self report the sale. Unless of course what you sell and the quantity exceeds a certain threshold, business will report the transaction.
     
    Gator 45/70 and HK_User like this.
  18. oil pan 4

    oil pan 4 Monkey+++

    Hell when shit goes back to normal I'll probably invest in "on sale" personal defense ammo.
    It will likely triple in value before that next election.
    Strangely 380 ammo seems to be the most expensive and hardest to find.
     
    Gator 45/70 and HK_User like this.
  19. Gator 45/70

    Gator 45/70 Monkey+++

    Yeah man, A friend just sold 100 rds. for 60 and it was round ball at that.
     
  20. TnAndy

    TnAndy Senior Member Founding Member

    An 8 year old could look at these charts and tell you normal is not coming back.

    [​IMG] [​IMG] [​IMG]
     
    Last edited: Apr 20, 2021
    johnbb, Cruisin Sloth and VisuTrac like this.
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