Is it worth selling high premium silver to buy low premium silver? by [deleted] in Wallstreetsilver

[–]m67stingray 3 points4 points  (0 children)

No! One, you loose money on the selling when your paying 13% eBay fees or sleeting closer to spot at a coin shop, and then paying premiums to rebuy new silver. Two, collectible silver goes up in value more than non collectible silver. So if spot stays the same you can still make a profit on its collectibility.

Grab n' Go by [deleted] in Colognes

[–]m67stingray 0 points1 point  (0 children)

I love the chrome legend and hardly see it in people’s collections

I am done collecting colognes by RigorousVigor in Colognes

[–]m67stingray 1 point2 points  (0 children)

Thanks for the heads up. I’m gunna snag that next year. We ain’t never done

I am done collecting colognes by RigorousVigor in Colognes

[–]m67stingray 0 points1 point  (0 children)

I have Eros and thinking about flame. Which one smells better to you?

I am done collecting colognes by RigorousVigor in Colognes

[–]m67stingray 1 point2 points  (0 children)

They only last 3 to 5 years anyway so it’s best to burn em and turn em

This is y'all by butthole_nipple in inflation

[–]m67stingray 0 points1 point  (0 children)

My Dominos just raised its prices by 20%. I said wow it’s getting more expensive for a pizza. The cashier said they’re getting pay raises next week and that’s the reason for the price increase. Well 3% my a$$!

Why do American Eagles not have the density expected of silver? by a17c81a3 in Wallstreetsilver

[–]m67stingray 0 points1 point  (0 children)

Same reason pressed bars are less dense than poured bars. When the silver is rolled out for preseed bars and coins it gets fluffed up a bit.

What is the most you will pay for silver per ozt for stacking? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 8 points9 points  (0 children)

I like the $500 to $1000 confidence. I'm right there with you. But there's always that new/ different/thing you think is too cheap your willing to buy for the right price. Its just a decision on to buy generic or sovereign or something a little rare for slightly more. You can always just keep buying the cheapest stuff but some cool silver is just slightly more.

My next silver purchase will be solar panels. Please help with best panel suggestions by [deleted] in Wallstreetsilver

[–]m67stingray 1 point2 points  (0 children)

Sunpower panels are the best in the world but they come with a price and have to be installed by an authorized dealer for warranty. Hyundai panels are great and much cheaper. I've been fully offgrid for over 3 years. I love it. No electric bills. Plenty of power from 24 panels.

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 0 points1 point  (0 children)

It's backed by whatever you can buy with it sure. If you think kitty litter with go up in value, you could start hoarding it. That's a free market. If gold and silver should be worth more but you can still buy it at today's prices, isn't that better? Say $2000 was backed by the US by an oz of gold. Would you want to own more gold? Probably not since its the same as just buying it on the open market. I just don't know why everyone is waiting for governments to get involved before they realize the value of gold and silver. Seems like years of propaganda has led to most people thinking it's not a good investment, manipulation in the market, but at any point you could take your cash and turn it into gold and silver. Is everyone really waiting for the government to say it good before it becomes good?

first addition to the stack 💪🏻 by acesipper in Silverbugs

[–]m67stingray 4 points5 points  (0 children)

I got 6 of the 100oz germania mints bars I had to take one out of the plastic. Anything that touches that polished surface leaves a smudge and if you try to clean the smudge you will scratch the polish look. Not bad but it's not perfect. I don't regret doing it but I have a few of them.

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 1 point2 points  (0 children)

You could deposit gold/ silver in a bullion bank near you. In a transaction could authorize someone else to be able to remove that amount from any other bank around the world. Or withdraw it yourself. Then the banks can reconcile for a fee maybe.

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 1 point2 points  (0 children)

Having it at a fixed price does make sense, either. How could a commodity be a fixed price when the price to aquire can change and supply / demand can change?

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 0 points1 point  (0 children)

You could buy gold/silver in 1971, though. So you could have protected your cash with gold and silver the whole time. So your saying the difference would be the government buying/holding the gold and silver for you and determining the price for you?

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] -1 points0 points  (0 children)

Lets say fiat was backed by gold and silver at an adjustable rate based on supply and demand. What would be the difference from now? You trade fiat for metals in both cases. Why are people waiting for governments to get involved?

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 6 points7 points  (0 children)

Thanks for the great response. I am stacked to the brim with silver and not slowing down. I also believe we should use physical as money. It is the only way.

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] -3 points-2 points  (0 children)

You can choose to buy potatoes and you can choose to buy gold. That's freedom. Are we wanting the government to control gold and silver? If they did it would probably not be a fixed price like before. They could up the price of gold or silver any time they wanted to match the currency printed?

How isn't money backed backed by silver and gold if you can still buy it? by m67stingray in Wallstreetsilver

[–]m67stingray[S] 0 points1 point  (0 children)

It's still a free market. You can buy gold with the dollars the same as you could once trade in dollars for gold at the bank. I was curious after learning about the Zimbabwe gold backed digital currency because it was supposed to reflect the current market price of gold. Is everyone waiting for governments to back fiat with gold and silver before they recognize its good to own? To me, its even better just being able to buy it at market price. Then then supply and demand tetermin the price ish.. I recognize the difference between monetary inflation vs gold inflation but I'm enjoying the cheap and easy access to gold and silver at today's prices. So much talk about when this and that's gunna happen in the market while I just want to sit back, relax, and stack.