Well, if you made it this far, I guess you may be interested in why I chose Long Silver as my name for getting around in the #Silver #Bloggers community.
It's not as long as a story as suggested by the title, I was just trying to scare away the riff-raff.
I will try and tell a story that started back in 2010, to under five minutes of your time. So let's get to it and see how I do.
Let's start with #1 of this picmonkey collage I fashioned and go from there.
#1 - Cash will crash, it's only a matter of time.
#2 - Wow, I can save $$$.
#3 - Then suddenly you realize that time has passed by at lightning speed and those few bucks that you managed to start squirreling away years ago, have now turned into a nice little nest egg.
#4 - Then it may be time to celebrate a little, knowing that you have accomplished something you thought was impossible, save!
In crypto terms, the lingo of choice when investing in the market and then hanging onto your crypto for an extended period of time is to HODL.
https://pixabay.com/images/search/bitcoin/?pagi=2&
With precious metals, the term that many investors use when they plan on hodling rare minerals for a lengthy period of time is LONG.
When someone states that they are long this or that, they are stating that their plan is to covet what they have purchased, whether it's gold, silver, platinum, or palladium for the foreseeable future.
Now you have it, LONG SILVER, a #Sassy name I hope to have for a while.
@farm-mom and I are probably no different than most middle-class folks out there who thought having a family was more important than the God Almighty Buck, we were broke for the first 35 years of our blissful union.
Having four children, back, to back, to back, with a little breather in between our last boy and our precious little girl, will do that. To this day, we wouldn't have done it any other way.
There would be plenty of time down the road to become thousandaires.
I have to give credit to our son Ryan for getting us started on this journey of saving.
Back in 2010, after paying the bills every month, we were finally left with a little minuscule amount of fiat that was now ours to spend on whatever our hearts desired.
Ryan suggested that we start buying some metals with the extra fiat. You know the stuff that the government issues that is not backed by a physical commodity, such as gold or silver, but rather by the government.
Back ten years ago this policy was shaky, now it's just completely insane.
We were all in with his idea of trading fiat for precious metals.
I even started making coffee at home and buttered up some toast every morning to save a few extra greenbacks to add to our stash. Like clockwork, we would buy a few ounces of silver at the end of every month.
We initially started purchasing 1-ounce silver bars. These bars are easy on the eye and they come in many different fashions.
Almost seven years ago a bombshell went off in my head as I watched our grandchildren open up their Christmas presents. After tearing off the colorful paper from the box and retrieving whatever was concealed within, after a very short period of time, it was as if the box was the gift.
I don't remember exactly where I read this, (most items bought at Walmart end up in a landfill within a year)
From that point on, silver bars have been the gifts we give for every special occasion. Whether it's for a christening, birthday, graduation, anniversary, or any other treasured event checked off on the calendar, Longsilver and @farm-mom will be gifting silver bars.
When we started this practice, my better half felt it was necessary to include a real gift with the silver, for the little ones.
That's why they have dollar stores. Spend a few extra bucks on some junk, that will end up broken before the end of the day, to keep even the very young hodlers happy, that works for me.
As for the grownups in the family, they love the idea, and as our grandchildren become of age, their appreciation for that small piece of shiny metal grows every day.
Another thing about silver is that it tends not to slip through your fingers like cash. It's a real currency that's a little harder to spend in its form.
These ten-ounce silver bars and the one-ounce silver bars pictured above are considered silver bullion, uncoined silver in bars. Usually, silver bars cost less per troy ounce than silver coins.
What you are paying for is strictly 1-ounce of .999 pure silver. This price fluctuates as the spot price of silver changes many times a day. You will pay the going price at the time of your investment for an ounce of silver, plus an additional % over the spot price.
In these very unsettled economic times, investing in metals can be a smart way to create financial security. The best news yet is that the price of silver is not dependent on the value of the dollar.
Here are some silver bullion coins that carry a premium due to their condition and rarity. These coins are graded by several different recognized outfits. Depending on the grade they receive, these coins can carry a hefty price tag.
Three graded Morgan Silver Dollars and an American Silver Eagle are shown here.
Here is a purchase we made of what is now called junk silver.
If you happen to get lucky, some unknowing soul may hand you some junk silver when they give you back your change after making a purchase.
Their value comes solely from their weight.
Back in the day, many coins were struck using 90% silver. With the demand for silver ever-increasing and its supply diminishing, this practice was halted during President Lyndon Johnson’s time in office. On July 23rd, 1965 he signed the Coinage Act into law, and from that time forward silver coins were no longer struck for the purpose of coinage used in everyday transactions.
The results of this new law ended up with the United States mints striking “clad coins,” composed of a copper core surrounded by a copper-nickel alloy.
I've got a feeling that I'm approaching that five-minute read mark I had told you that I would try to keep this blog under.
Well, after writing this last sentence, the read time just jumped to six minutes. What's a guy supposed to do now, edit out one minute, sorry no can do.
If you have hung with me thus far or you are a speed reader, what're another 30 seconds.
This next coin is called the Peace Dollar. I bought a tube of them just recently after reading about the reason for them being struck. If you enjoy history, look this one up.
Before signing off, I'll leave you with this hand-poured piece of art.
If anyone out there likes this piece, make your way over to @silversaver888, she is highlighting many of the pieces of hand-poured silver she has collected over the years.
I'm not sure whether she is over 40 or not, and if she is I would like to invite her to join in on the fun we are all having in the #silver #bloggers community.
If she is already a part of the community, I'm just glad she didn't choose LONG SILVER for her Sassy name. If you want to meet a gal that is passionate about silver, check her out.
Can you imagine the nest egg that could be accumulated if you were to replace those gifts you so loving bestow on the young ones in your life, with SILVER.
If you feel that they have not yet reached the age of reason, and you want them to feel and react as though you just bought them a pony, put that bedazzling little bar in a big box.
To all of those who feel like age is nothing more than a number, have a Rose smelling weekend!
Love it, @thebigsweed! And good advice. I've never considered a hard commodity as I've always thought they'd be more of a liability. And now for the story behind your Hive name?
Thanks for your contribution to this week's #bow - don't forget to add your link in the comments of this post so that your story is considered for the contest. We're trying to stick to our rules!!
Silver Flower
PS - well worth the 5-minute + read!
Thanks for such a nice reply! (PS - well worth the 5-minute + read!)
I've got no problem following the rules, I just need to remember them.😁😁
Well, I did not time this read as it was way too interesting! I learned a whole lot here plus you made me dig inside a beautiful pewter bowl with a lid left by my late uncle. It was one of the items I left intact, didn't want to remove anything from it. It's filled with keys, trinkets and all kinds of coins.
I think it's an awesome idea to give that kind of gift!
Now you need to tell us about your Hive handle?
Thank you for your #bow entry!
That's funny that this post had you digging into some old stuff. We did the same thing when I was putting this post together. Jackie O Silver and I rummaged through a few boxes before finding what we were looking for. We had some old silverware tucked away that we found.
From here on in I've got to start writing down where I hide shit. 😁
The grandkids are starting to get the whole idea, but a little trinket along with the silver still puts a bigger grin on their face.
The story with my hive handle is in memory of my Dad. He loved his shortwave radios and CBs.
He had a home base station and a CB in his car. His handle was thebigsweed, sweed with two ee's. It's kind of neat because every time I see it, or read it, or use thebigsweed, I think of him.
He was a wonderful father and boy was he big, and a real gentleman.
Awe that's just awesome to hear that you're honouring your Dad like this with your Hive handle! Sounds like there are many stories to tell about him. We could possibly have a topic on memories (of our parents or grandparents), perhaps a Bring back the past, as this would be a great way to leave a legacy for our families.
@ericvancewalton started a wonderful #blockchainmemoryproject for these kind of memories.
Thank you for sharing this @thebigsweed
I like that idea, I'm sure everyone would have a great story that they would like to have of record.
Thanks for the info, I'll check it out.
Peace!
Ha, Long Silver it is and I was going to ask if you know @silversaver888 , but obviously as an ardent silver collector you do.
Those silver bars for the kids is a great teaching seed about the importance and benefits of saving in their lives.
Well done with this post as usual.
Thank you also for your kind support to our charity work and all blessings to you guys.
Cheers and !BEER and also a slice of !PIZZA
What's up, Sir Sterling Silver?
Giving the silver bars has worked out on two fronts, the kids learn the value of $$$ and the importance of saving, plus there is no more running around from one store to the next to try and find something you think they may like. 😁
We hope everything is going well with everything you've got going on, I'm still not sure how you do it all.
Thanks for the suds and the pizza
Greetings to you Sir @thebigsweed.
Drowning this side in all of the winter storms 🤣
The one cold front in action right now and another straight after.
plus there is no more running around from one store to the next to try and find something you think they may like.
I like this as it is an excellent solution for present shopping headaches and so I see a three fold win-win situation. Very clever indeed.
Wish I had known this earlier wnen my kids were younger, but they are all over 40 now.
What sort of prices do the silver bars go for?
Blessings and thank you once again for your care and help.
!BEER !PIZZA !WINE and !LUV for the missus.
Here is the link to the outfit I buy all of our silver from.
https://www.jmbullion.com/log-in/
They are a great outfit. Over the ten years or so that I have been buying metals from them I have never had a problem.
The cost of a one-ounce bar of silver is around $30.00 right now. With the spot price of silver being around $26.00 the metals company is getting about a $4.00 premium, which is high.
In the past, the price of a bar had been just .69 cents over the spot price.
I never thought that the area you are located at ever experienced anything but warm weather, even in the winter.
When you talk cold front are you talking below freezing?
Thanks for all of the gifts @papilloncharity, I feel like it's Christmas time.😁
Thank you for the link my friend and I will have a look.
Trouble is $30 in our currency is about ZAR400+ which is too expensive for me. I only get a small stipend every month, but I will have a look if they have something cheaper.
Well now in winter it is warm as the looters are burning everything down. Can you believe that they even robbed a blood bank? There are some major riots going on here in South Africa.
Nope, we don't go below zero, but tomorrow night we will be at 2C.
We like to give back even if it's not much, as it is the heart that gives that count.
Many give us snide remarks like giving coals to Newcastle (Newcastle is a coal mine here).
But you have the decency to thank me, as you know that our hearts are the same as yours.
I think all of my tokens are finished, but let's try a !BEER and if that doesn't work, maybe a !PIZZA
@thebigsweed! I sent you a slice of $PIZZA on behalf of @papilloncharity.
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STOPHave you seen... funny. I almost asked you if you've seen a documentary about yata yata cuz you're too busy for documentaries. All those toys, even the battery powered car things, trash in 1 year.
Sure would suck to be your grandkids.
What are you talking about, I love documentaries, they put me to sleep at night faster than a Yankee game.
Yeah, but they love Pops anyway.
@johannpiber denkt du hast ein Vote durch @investinthefutur verdient!
@johannpiber thinks you have earned a vote of @investinthefutur !
thanks, investing in the future in many ways.
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Hello; @thebigsweed
We appreciate your work and your post was manually shared on Twitter by @papilloncharity from the DNA team!
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Very interesting post @thebigsweed ,and I like that name long silver. My husband Peter also collected silver coins over the years, I think he better hang on to them. Thanks for sharing.
Thanks for checking this post out. Long silver did seem to fit.
Collecting coins is lots of fun, and if your hubby has some, it'ss easy to find out the value of them. Some of the older ones can be worth a few bucks.
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BEER.Hey @thebigsweed, here is a little bit of
BEERfrom @papilloncharity for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
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It seems as though you are the real silver, Long Silver!
I am actually inspired to get some silver. I have some silver coins somewhere that my uncle gave me. I guess I should add to the collection. Thanks for the tip!
You're welcome, it's never too late to start.
Hell, with you're spunky you've probably got decades left to stash away lots of those shiny little bars.
It's funny how many people have replied that they started searching around the house for some misplaced treasure, after reading this blog.
Later my friend!
Wow, today I have learned quite a lot about silver and after reading this post, which took me a few minutes more than only 5, I have to say that your Silver Bloggers name suits you very well.
The idea about giving silver instead of cheap crappy toys is great. Maybe when one day I'll have grandkids I'll do the same. Thanks for that idea and all other information too 😁
!BEER and !WINE - both make a nice dinner with !PIZZA :)
!invest_vote
@thebigsweed! I sent you a slice of $PIZZA on behalf of @johannpiber.
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Thank you for the pizza, it even came with pepperoni, how did you know.
The pleasure is all mine. I so happy that you enjoyed this post, I had lots of fun putting it together.
Yep, we all had fun with your post and enjoyed it, have a great week Long Silver 🌞
!PIZZA and !BEER - sounds like a nice dinner :)
!invest_vote
@thebigsweed! I sent you a slice of $PIZZA on behalf of @johannpiber.
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@johannpiber denkt du hast ein Vote durch @investinthefutur verdient!
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BEER.Hey @thebigsweed, here is a little bit of
BEERfrom @johannpiber for you. Enjoy it!Did you know that you can use BEER at dCity game to **buy dCity NFT cards** to rule the world.
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BEER.Hey @thebigsweed, here is a little bit of
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Thanks @johannpbier
How good your story, thank you for sharing it with all of us.
It was my pleasure, I'm glad you enjoyed it.
Savings is a very important habit, one that is religiously practiced by us Chinese. Glad that you have build a nice egg nest. Interesting story bro.
Thanks man.
Saving and learning all about finance and money should be taught in school
Nice post you ole #silverblogger, just remember half those stacks are mine, it's in the contract. 😁
What contract do you speak of????
the unwritten rule, it's called a vow.
Gift of giving something to enjoy when older, excellent idea to start a collection in silver or gold, yes @silversaver888 has given me some fine ideas, very knowledgeable.
Wrapping it up from a small box into bigger and bigger, stuffing with paper in between or those cheap toys, makes excitement mount till they hit the jackpot in the middle. Hide and seek treasure hunt 😁
Long Silver a good name to go on, hey ho silver....
I like the box idea, the kids would have a ball.
Thanks for stoping by
I know nothing of silver bars, so I went online do a quick search after your post, the 1 ounce bars are affordable, and an excellent idea as a present. Cheers!
Cheers back at you. I think those who you gift them to, would really like them!