Stacking silver

I'm about to pay off the house. After that, I'm going to start stacking some silver. Can anyone recommend a good seller online? Some company that is pretty close to spot usually?

Why do you think silver has value? What do you expect to get out of it? I thought about it a year or two ago and then changed my mind.

I am stacking lead.

I think this is smarter than silver.

JM Bullion has a starter pack. You get 10 oz at spot.

Someone that has a stack of lead will take your stack of silver.

You will be hard pressed to find an online company selling close to spot. Part of the problem with buying physical silver is that you get charged sales tax. Right off the bat you will need it to go up by that percentage just to get back to your starting point.

It’s fun to have a little bit of silver for an all out Armageddon situation but it really isn’t the best investment. Even in an Armageddon situation, lead will trump silver every time.

Lead stackers will also take your gold and anything else you have.

I know a guy who has 2, 55 gallon barrels of lead, but I don't think he wants to part with it just yet.

My father had some silver and gold for the apocalypse, He also had some cases of Scotch stashed away. Said no matter what happens alcohol never goes out of fashion...

Precious metals have little appeal to me...People think it will ensure their security, but it won't.

It will get you down the road a little farther than cash, but if things get really bad what can you trade it for?...Food, ammo, alcohol, cigarrettes, household goods, etc. will be the barter items, and a hunk of metal will be a pretty paper weight, IMO.

Wait! Are you thinking we might be needing silver bullets in the near future?

If you buy silver or gold always have it physically in your possession. Never buy it where a company or institution stores it for you.
Always physical, never digital on paper

You can check coin shops for prices. Always BULLION in ozs or pounds. Don't OVERPAY with pictures or scenes on rounds, etc. Just pay straight bullion prices. Think resale

That is my thought on precious metals. If the SHTF what are you going to do with it? Shave a bit off to buy a potato?

This^^^^yep!

JM bullion. Almost always have something for 1.49 over spot.

And brass?

I use JM Bullion. Always had good luck and fast delivery.

It’s a smart way to hedge inflation. Plus I find the jingle quite pleasing over the shuffle of paper stocks .

What makes you think that someone that has put away some precious metal hasn't also put away some lead? Two different types of insurance.

I have a small amount of one oz coins. Picked them up sometime ago at a coin shop. Silver had been nearly 50$ an oz and has dropped to low 20s . I think I was about $25 an oz walking out the door. Honestly I can't remember. I have looked and thought about buying more from on line places but don't think that it's a great useful long term investment so haven't. For example ammo had gone up over 100% primers over 400% in the same time frame. But I would be lucky to get my money back on my silver now I'm guessing. Ammo and primers will be in higher demand in a bad situation I expect.

But it's always good to have options. So some silver I have.

One thing to be careful of is that there is a lot of fake silver rounds out there. Even from coin shops. If you buy online the odds go up that its a fake. Same with gold. Who's going to cut , drill to ckeck. If the weight is right, that doesn't insure it's genuine. A buddy bought two dozen morgan dollars at a coin show only to find out they were all fake and he paid a little higher than spot.

Look at the chart

Silver has not been a good hedge on inflation

Buy it local no need to have a paper trail if you can avoid it check with your local pawn shop or coin dealer that has silver.

Insurance?

No, just lead…. Training weights for swimmers when we run out of ropes and trees…..

Why silver instead of gold?
Silver is a commodity like copper or lead, gold is money.

THIS!

Historically, the past 75 years or so the average ratio between gold and silver has been about 35:1.

If you go back to about 3500 years the ratio was about 2:1, during Roman times it was about 12:1. The reason being is that in the distant past it was easier to find and produce gold than it was silver. Gold is often found in it's native form, while silver is nearly always found combined with other elements and compounds such as oxides, and sulfides. In ancient times they did not have the technology to as easily extract silver as they did gold; thus silver had a higher value than it did today, relatively speaking. The different costs of production of the two metals is still effecting the markets today. Gold and silver do not necessarily move in the same direction proportionately.

The greater divergence between silver and gold in recent years has been much greater; today it is 86:1. There are several reasons for this. I will mention one reason, and I hardly ever see anything written about this.

The vast majority of gold being produced is coming from gold mines. These mines only produce gold when it is economically feasible to produce it from the particular mine.

The vast majority of silver is produced as a byproduct from copper, lead, and gold mines, some comes from recycling also. Only a small percentage of silver actually comes from primary silver mines. This means that new silver is coming mostly as a byproduct. Since this silver is being produced as a byproduct, the economics of it's production aren't really of any consideration since it's just a residual product of things like copper production.

Think now of the increase in copper (and other metals) production in order to meet the demands from the switch to electric energy rather than carbon based fuels. There will be more and more silver coming on the market due to the increased mining of copper and other metals. Silver is then just a freebie to the copper/lead/gold mining companies, and it gets dumped on the market regardless of price.

Silver and gold are viewed by some as a hedge against inflation.

Well said !!! Being in the mining industry myself I don’t think silver will make any big jumps anytime soon

I have bought 1 0z silver bars and also silver rounds from a place in New Jersey called Ayden Coins for years.
They are above spot of course but thats to be expected. No business survives without profit.
They ship free, quickly, and they don't charge sales tax.

It seems to peak at times just not very often it took a jump this week .

You can buy a silver dollar for 20 bucks. Problem is you only get a dollar for it at the store. Don't see where it's a hedge to inflation.

Back in 1987 ........I think...I bought a 100 ounce bar for about $400.

Today that 100 oz bar is worth about 2533.

That same $400 invested in the S&P 500 would be worth $17796 give or take a couple hundred

There is your answer. Silver is a poor long term investment. You can make money by buying in a down market and selling in a strong one but do not hold it.

Not all states charge sales tax on currency exchanges, unfortunately Wisconsin does. The big brokerage houses are trying to lobby to have that changed ... obviously to increase their sales.

In an Armageddon and maybe green events, all metals will have value. And alcohol is always a commodity. Thinking about reducing a little of my stash now

Might of been able to get near an oz of gold in ‘87 fir 400$,,,,2150$ today

Neither are a good hedge on inflation

I would go to a local coin shop with a decent reputation and pick their brains. Just my 2 cents.

They'll tell you what you want to hear. They want to trade you their silver for your cash.

The US Gubmint buys a lot of gold
Ft Knox must be getting pretty full.

The thread is about silver. Some people can't follow directions. Lol

Its about gold silver copper zinc,the stock market, etc.

It says. "Stacking silver".

If you can find authentic silver dollars for 20 dollars, i'll take 250.

I can think of one good use for silver coins

accepting payment from people in silver and paying in silver

because US mint Silver or US mint gold has a face value of what is marked on the face

so a 20 dollar golden eagle is 20 dollars face value and a silver dollar has a face value of 1 dollar

so if you bought a car from your cousin for 3 gold coins with a face value of 20 dollars each then you can report 60 dollars as the purchase price to pay tax on.
and he can claim 60 dollars as his income.

Never thought of it that way.

Just spitballing because I don’t know how the IRS would respond to such a move, but possibly they might assign some sort of gift tax on the difference between face value of bullion exchanged and the fair market value of the asset?

I actually saw this happen back in 1984. One guy wanted to sell his airplane and another wanted to buy it. The buyer was an Alaska State Trooper. They agreed on a price but then the seller said he wanted to be paid in US junk silver coins.
The buyer purchased the amount of junk silver that equaled the agreed upon price and gave it to the seller. That was the culmination of the deal.

The seller got the value he wanted but the face value of the coins was considerably less.

The IRS was never involved. Nor were any banks. It was a private sale.

Junk silver coins
50s quarters dimes

I have a co-worker that does something along this lines apparently a lot of people at his church do.
he got audited 3 years in a row but they had legal council lined up first.
first thing they all did was write the treasury and ask what is the face value of a 20 dollar golden eagle and a silver dollar.
the treasury wrote them back 20 dollars and 1 dollar same as paper.
with that letter they began.
I don't know the extent that his group pays each other in coin or uses it as a physical savings but enough that most of them got audited a few times.
they all stood up to the audit and kept going now they don't get audited.

I just don’t see the IRS falling for that. Take the sale of a $50k vehicle for example. For simplicity, I’ll use $2k actual value per $20 gold coin face value. Same sale two different ways:

Pay 25 gold coins ($500 face value) for a $50,000 vehicle.

Pay $500 paper cash for a $50,000 vehicle.

Based on face value, the buyer paid less than fair market value and there is going to be a gift tax involved. Except the transaction with gold is actually penalized with the gift tax because the real value of gold exchanged is equal to the fair market value of the asset. At least that’s the way I see it.

On the other hand..........selling your used truck isn't a taxable event unless you have to recover previous depreciation on a business asset

since it is state sales tax I would be more concerned with the WI DOR than the IRS on that one.

I suspect they pay their pastor in silver coin
since their is no minimum wage for a salary pastor
he lives in a tax free house and the church covers his heat and electric.
I don't know the extent of how they use this he told me about this several years ago and I have only seen him but about 4 times since 2020.

Look around your area also for local coin shops. They all seem to charge about the same whether online or in person. Gunshows and some better flea mkts will also have folks selling silver. Personally, I did the silver thing for a handful of years, and if you can buy when it's low, $13-$18 an oz and hold it til you can make $8-$10 an oz and dump it, wait for the next downward move its alright. Can be years for any of that to work. Mkt still has to perform either way.

Buying gold and silver for SHTF purposes assumes that everything will return to normal at some point after the poo hits the oscillator.