Anyone here stacking silver or other precious metals?
My dad's father in law every week beginning in the 70's would buy a small amount of gold and put it in his safe unbeknown to his wife and daughters.
When he passed away in the early 2010's he had amassed over $100,000 worth of it.
I have GLD as my exposure to it, but my dad has recently been doing it with silver since 2016.
One thing in doing so, he is not exposed to any capital gains taxes when he goes to sell, as long as he stays under the 10k amount where the transaction with his local coin shop buyer has to be legit documented.
Comments
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I shifted half of my emergency fund into physical silver. A bank holding cash at 0% interest is probably losing me 8% this year
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CSB: I'm moving our dresser back into the bedroom last night now that we've moved back into our room post-demolition and rebuild. Wife's not up to helping at the moment, so I'm going to pull all of the drawers out to make it lighter for me to slide around. I figure I'm going to be Whatcom County tough and just pull two drawers out at once and carry one in each hand into the other room, so I reach out and grab mine and hers sock drawers. Mine slides out and weighs nothing, hers slides out and I damned near fucking drop it on my toes. Has to weigh at least 20 pounds. I'm like, "What the fuck kind of industrial power tool is she keeping in here!?" I'm simultaneously intrigued and jealous.
So I shift the load around so I'm kind of stacking them on top of each other and struggle into the other room, plop the drawers down, and got a good laugh when I saw what was going on: Her dad's been giving us a small load of silver coins and small bullion every holiday for the last several years, and she's been just stuffing it in the sock drawer. I had forgotten all about it at that point. Laughed even harder when remembering just that same day I read about @Swaye's sock drawer stash. -
This is the way.1to392831weretaken said:CSB: I'm moving our dresser back into the bedroom last night now that we've moved back into our room post-demolition and rebuild. Wife's not up to helping at the moment, so I'm going to pull all of the drawers out to make it lighter for me to slide around. I figure I'm going to be Whatcom County tough and just pull two drawers out at once and carry one in each hand into the other room, so I reach out and grab mine and hers sock drawers. Mine slides out and weighs nothing, hers slides out and I damned near fucking drop it on my toes. Has to weigh at least 20 pounds. I'm like, "What the fuck kind of industrial power tool is she keeping in here!?" I'm simultaneously intrigued and jealous.
So I shift the load around so I'm kind of stacking them on top of each other and struggle into the other room, plop the drawers down, and got a good laugh when I saw what was going on: Her dad's been giving us a small load of silver coins and small bullion every holiday for the last several years, and she's been just stuffing it in the sock drawer. I had forgotten all about it at that point. Laughed even harder when remembering just that same day I read about @Swaye's sock drawer stash. -
Exactly why physical is worth the premium over spot on tax avoidance alone. And yes, I like silver because it satisfies two plays. It’s an ok inflation hedge, but it’s an even better recovery play. Silver is essential for manufacturing and the green deal. We already have a shortage, and once the infrastructure plan passes, it’s going to get stupid.
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GLD is paper. Paper burns.
Stacking is physical. -
Paper buys don’t create a shortage. Paper silver has been sold above actual supply for years. But, when physical silver gets bought up, that creates market movement.doogie said:GLD is paper. Paper burns.
Stacking is physical. -
So many deplorables on here
Maybe we should start a doog comex delivery podcast -
No. I mentioned in another thread my connection to the gold industry. Do not invest in gold or silver.
Side note 1: I had a nice surprise in about 2011 when I found a handful of Krugerrands I was paid with one summer when I was a kid a decade plus before. Did some yard work for an old man that summer, never once got molested, but was a bit disappointed he gave me foreign coins. I remember checking the price of those every week for a month and then I forgot about them, only to discover them at the perfect time when cleaning.
Side note 2: I use cash almost every day, so I get a lot of loose change back. Since the pandemic started I’ve gotten a ton of >1963 coinage. Like half of a mason jar worth. Not for a while now, but still curious how those made it back into circulation.
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Yes. Stacking (bought 2) solid gold cuban link chains with some of my doge profits. Word to @creepycoug
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I must’ve missed that thread. How come you don’t recommend it?RatherBeBrewing said:No. I mentioned in another thread my connection to the gold industry. Do not invest in gold or silver.
Side note 1: I had a nice surprise in about 2011 when I found a handful of Krugerrands I was paid with one summer when I was a kid a decade plus before. Did some yard work for an old man that summer, never once got molested, but was a bit disappointed he gave me foreign coins. I remember checking the price of those every week for a month and then I forgot about them, only to discover them at the perfect time when cleaning.
Side note 2: I use cash almost every day, so I get a lot of loose change back. Since the pandemic started I’ve gotten a ton of >1963 coinage. Like half of a mason jar worth. Not for a while now, but still curious how those made it back into circulation.
