wow, you get some cool pieces of metal. Do you hold everything, or do you occasionally convert any of your silver into fiat? I'm still struggling with where the balance is regarding premium over spot and utility. Cheers!
wow, you get some cool pieces of metal. Do you hold everything, or do you occasionally convert any of your silver into fiat? I'm still struggling with where the balance is regarding premium over spot and utility. Cheers!
I usually have a an emergency pool of Liquid cash in reserve based on my average monthly expenses over the last five years (Lots of Math budgeting) and it took considerable time to get there. This eliminates my need to convert to fiat against any time of my choosing. I do have a side plan to take advantage of windfalls in lofty price action should a special situation materializes or to trade for the equivalent in gold, BTC or an income producing asset. That, I assign my Generic segment of my Stack.
As For Utility my constitutional PMs are reserved for Emergency commerce should Fiat has it's catastrophic failure (Mostly silver dimes as a transition currency).
Living in Canada, premiums are always high as the cost of living is high and I can't help it other than to do the math, otherwise the majority of my PMs (Govt minted PMs) will remain as my insurance premium against economic Tail risk and remains as a Generational Family asset.
Posted Using LeoFinance Beta
Hello @sagesigma !
Yes, I hold everything... for now. I haven't found the need to sell my silver stack.
I don't worry much on spot, although years ago, we were buying silver for $17 and ASE at $19. What bothers me is that gap between spot and selling price is widening.
Come and visit me often, as I show silver every day. We can discuss silver as we go along!
🥰🌺🤙
!ENGAGE
haha RIGHT!!!
Like me, She NEVER SELLS. (afaik!)
But now what is this question about spot, premiums and utility?
Most of us here are pure Stackers, we buy when it's HIGH and we
buy a lot more when it's LOW. I'm a Bullion Guy, I always pay the
lowest premiums possible, except that time when SADIE SAVERS
had her Silver Saver bars issued, then I bought my first and BEST
Poured Silver! Yes it was over SPOT, by a good bit, but no way
was I going to miss out on that one! NO WAY!!
That is what it sounded like.
Check for sales at the bigger retailers, I really love SDBullion.com
I was getting a big order and the phone rep got me an extra 20%
MOAR SILVER because I told him I was a bullion stacker seeking
the best deals at lowest premiums. That one call made me a LOT
of Money! I bought at just over $20 "all in" so I am in clear profit!
ENGAGEtokens.