Are there risks with stacking silver and gold? Is it dangerous to stack silver? There is one major risk associated with buying gold and silver. In this video I talk about the dangers of buying precious metals and how to protect yourself. I have been buying silver for nearly 6 years now and I have always been aware of the risks surrounding silver stacking. If you are new to buying physical precious metals then you need to be aware as well.
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I thought the biggest risk is these metals become worthless. If the scientists have their way and is able to go to space easier, then they will start mining that asteroid in space now that is made of silver and gold.. Imagine an asteroid the bigger than earth and made of all silver and gold.. 😂
the biggest risk you have is the foolhardy and disingenuous way you think.
do you think scientists will be able to fly for free so they dont have to add the cost of travel and mining while wearing space suits to what they find? are you like 10 years old? stop watching flash gordon.
I believe if you’re spending more than 10% of your take home pay in precious metals you’re over extending yourself. But I’m spending all 10% as Long as Silver is below $30 a ounce.
I have gold and silver so I will be the weird old guy that hid treasures all over his property…also so his wife will be the eccentric old woman that goes to the lcs each week to cash in coins to buy her groceries. I want to be the real life pirate/Scrooge McDuck/miser/treasure hunter. I want to be the guy with a gold coin he flips back and forth through his fingers and knuckles on one hand.
explain to us ignorant types: why do you want the derogative and pejoratory label of being weird?
Is anyone else addicted to purchasing metals? Willing to put themselves in a tight spot for acquiring Au
sounds like you know you need to get help, and fast.
So riddle me this: when gold loses 10% of its current value and drops to around $1,800, does that mean Federal Reserve notes suddenly gained 10% value? Gold is fine for some things sometimes. But no bank teller ever tried to tell me that a dollar is worth a premium one day and barely worth spot a minute later or maunder on about how pretty and rare it is. People are in business to get Federal Reserve notes for metal. No one gets rich selling dollars for metal.
silly analogy. bank tellers are not collectors.
I keep all my gold in a case of Bud Light at the local Dollar General store. I stop in every week or two to check in on it.
Nice
I would add buying counterfeit metal.
I think the #1 Risk is buying FAKE PM’s. Sure, there are counter measures, but how many Stackers, even seasoned Stackers have bought fakes or been SCAMMED. The only reason we don’t hear about it as much, is b/c people are EMBARRASSED to ADMIT that they’ve been duped. More people get scammed than get robbed.
Now…all of this being said, getting SCAMMED is a form of THEFT. Just know someone was going to say that
how many Stackers, even seasoned Stackers have bought fakes or been SCAMMED. i give up, how many, and were did you get your data?
@DrSchor SCHOR ,
I’m not saying their whole stack is fake. I guarentee you that SD🐉, Yankee and other prominant Stackers have bought a fake before. Even Harry has bought fakes. They all say they have and admitted it. So not sure what your point is…
Beautiful Chinese tungsten.
Silver Dragons, what is your thoughts on SD Bullion delivery time after order placed? I have several orders placed and it appears from the time order is placed to the time it will be delivered is about 2 weeks. Even with FEDX $14.95 delivery charge it will take about 10 days before you receive your order.
Is gold really worth it to buy ? In terms of the short term considering taxes and overall cost of upfront purchase then trying to resell when I actually need the liquidity, is physical or gold stocks more worth the cost ? Because it seems to be when people speak of gold their not being specific to the short term or Long term approach to justifying the purchase. Let me know your thoughts , thanks anyone.
Only worth it for your long long term investment, short term a guaranteed loss. It’s all manipulated and so is Mike bias on gold because that’s his business. Always keep that in perspective.
I concur with your assessment. It appears to be a viable strategy to hedge against inflation over the long-term. Thank you for sharing your insights.
Gold is often seen as a safe-haven asset that can protect against inflation and economic uncertainty. But like any investment, it carries risks. To determine if gold is the right investment option for you, an investment advisor can help you weigh the potential benefits and risks of investing in gold. They can also help you create a well-diversified portfolio that includes gold as part of a broader investment strategy. An investment advisor can help you decide how much of your portfolio should be allocated to gold and select other investments that can complement your gold holdings.
@Tom D Impressive can you share more info?
@lowcostfresh2266 Actually, I’m not sure if I’m allowed to mention this, but I’d recommend looking up Laurel Dell Sroufe because she was a big deal in 2020. She manages my portfolio and serves as both my coach and my manager.
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The biggest risk to me is tarnishing of the coins. Keep them dry.
Probably misleading to say that you are “not really buying anything” because you indeed have to sell silver in order to buy anything with it. And since you pay a premium to buy silver, you probably won’t get the same amount of money back unless it appreciates above the premium you paid. This will take time. Make no mistake, silver is not money unless people will give you goods and services in exchange for silver. That’s not the case right now. Therefore, you’re buying an asset, and you pay a premium to buy it.
converting, and paying 10 to 15 % to do so at least. and if you buy at the wrong time it’ll cost you a lot more. all with the hope one day you or your heirs will be able to sell and convert right back into the same worthless fiat currency you wanted to get out of…lol…unfortunately, i’m in the same boat, but have given up any hope of ever coming out ahead or even….
Try to pay your light bill with it
Actually, gold and silver only have the value of what someone is willing to give you for them, just like any other item. There is no intrinsic value in them.
Nuclear war happens, for instance. Clean water and food will be the most valuable things. Gold can’t be eaten or drunk. So you will need to find someone that places a value on it in order to trade it. There was a time that a copper knife was valued far more than relatively soft gold.
Gold and silver have always been decorative. That’s where its value ended.
Great video A+
thats until silver and gold loses half of their value
Never boast about your stash .
No one needs to know but you.