What's up plebs?
It's been a while since I participated in one of those weekly silver engagement posts by @thisismylife. Feel free to visit her profile or click here to learn more about them.
Moving on, this week's question is in the thumbnail of the post. Here's the question one more time, just in case you are blind 🦯 and reading this on braille or something:
Are you buying more silver and or gold in the dips and / or selling some when the price pumps.. or do you prefer to hold on to your stack until it's needed as an emergency fund (for example)
Since I started stacking about three years ago I didn't pay much attention to price pumps or dumps. As I have said in the past, my main reason for stacking silver is to leave something precious and fun to my descendants, much like those before me did for me. That and to be prepared for a zombie/ whatever doomsday scenario in which precious metals may come in handy if our digital world collapses. I guess that counts as an emergency fund? 😄
So, the short answer is no. Depending on my budget I just make sure to buy some, usually in the form of now defunct standard circulation coins, at the end of each month. I am a cheap fuck and don't care much about designs or whatever, just going for as close to spot as I can. On average I'd say in the range of 50-100$ on a monthly basis. But there have been a few months that I have spent way more... And in some months, way less... But I have never missed a month :)
Now don't get me wrong. But in case silver for whatever reason hits the moon (e.g. 200$ per oz) I won't mind selling some to get me something super fancy, although I don't see that happening anytime soon so I'll probably keep hoarding till the day I die of old age. 😄
Like @saffisara commented though on the original post,I have gifted a lot of silver in the past 3 years. I'd estimate over 30 oz possibly close 50. It just makes a great and original gift!
I guess indirectly that counts as selling :)
Ok, I think i covered the topic more than enough. Once again, feel free to click here for the original post. Share your story and with a bit of luck you may even win an hbi!
Stack on plebs!
Fun Numismatics Posts
Enjoyed the post? Here is some more fun silver/numismatics themed content I have written in the past that you may enjoy:
- The country that uses plastic coins!
- Infographic: What Type of Silver Whale are you?
- My silver pocket piece
- My favorite piece from the stack
- The 10 Million Dollar Coin
- This is where gold really comes from!
- That's one big nugget!
- The Ten Thousand Dollar Bill ?!?!
- Biggest Gold Coin Ever
- A coin made of cardboard
- The microorganism that poops gold!
- World's smallest gold coin
- Manchukuo's Fiber Coins from 1945
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