Do I have a strategy yet?

[Gorseinonboy]

I’ve been around the Forum for a few weeks now, following various postings, watching videos, buying the odd coin or bar, signing up to all sorts of Bullion sites, scrutinising the rise and fall of spot prices on an hourly basis, learning basic German, keeping an eye on EBay and going quietly fretful and frighteningly obsessive as the days go on. My wife has even begun to use phrases like:

I don’t know you any more......

Why do we never eat together? Like we used to.......

If you mention the words BU, proof or low mintage once more....I won’t be responsible for my actions.....

I realise this could take over the whole of my life, alter my ability to reason, affect relationships, destroy my bank balance. I need a sound, reasonable strategy to the business of collecting or stacking,  which will be acceptable to a wife who is growing more suspicious and dubious.

Tell me, those of you who have successfully negotiated this dilemma.....What is your strategy?

[HyHy]

24 minutes ago, Gorseinonboy said:

I’ve been around the Forum for a few weeks now, following various postings, watching videos, buying the odd coin or bar, signing up to all sorts of Bullion sites, scrutinising the rise and fall of spot prices on an hourly basis, learning basic German, keeping an eye on EBay and going quietly fretful and frighteningly obsessive as the days go on. My wife has even begun to use phrases like:

I don’t know you any more......

Why do we never eat together? Like we used to.......

If you mention the words BU, proof or low mintage once more....I won’t be responsible for my actions.....

I realise this could take over the whole of my life, alter my ability to reason, affect relationships, destroy my bank balance. I need a sound, reasonable strategy to the business of collecting or stacking,  which will be acceptable to a wife who is growing more suspicious and dubious.

Tell me, those of you who have successfully negotiated this dilemma.....What is your strategy?

Well I have personally been through that stage with my wife (girlfriend by then) and you just need to step back, choose a balance approach. Yes it might be important to keep track on spot prices but is it necessary to do it on an hourly basis? Prices might fluctuate but I don't would be volatile enough to keep track on an hourly basis. Then, set a period or multiple period of time (like 15-30mins per session) to deal with your stacking (going through eBay or browsing through forum) and make sure you utilise the notification features in some sites. Finally and most importantly NEVER choose to miss meals with a woman because you would like to spend time on stacking! But TBH once in a while I still have problem with my lady nagging at me spending money on coins... so still trying to work something out with her 

[Gorseinonboy]

Hi HyHy,

Sounds like a work in progress. I’m sure you must be a little like me. I don’t want to have anything other than a great relationship but I’m also growing a little obsessional as regards my interest in PMs.

I don’t track spot prices on the hour by the way. That would be excessive....just about six or seven times a day.

[CarlosSilver]

Thankfully my wife is quite interested in my coin obsession. Yes, she calls me a geek every time she hears the @BackyardBullion YouTube music but she scoots over and watches the videos with me. 

Maybe you could pretend to be interested in something she does? I feign interest in my wife's yoga where in reality I am just perving over her yoga pants. 

[sovereignsteve]

Just tell her she'd much prefer you having numismatics as a mistress than the other kind

[Thelonerangershorse]

1 hour ago, sovereignsteve said:

Just tell her she'd much prefer you having numismatics as a mistress than the other kind

Yep, that will probably solve the problem. Hope you get to keep the silver in the divorce.

 

[kimchi]

1 hour ago, sovereignsteve said:

Just tell her she'd much prefer you having numismatics as a mistress than the other kind

More like a harem which requires 24/7 management

[ApisMellifera]

What I've learned over the past years is not to worry about the price fluctuations and focus on the Weight in PM (Precious Metals) that I accumulate/build. The daily price change is really small and not worth your mind to ponder about. (I personally look at long-term prices, to keep myself sane and my head clear of all the noise. I look at the 1-Month, 1-Year and 5-10 year price charts and look at them at end of the Week/Month)

I value of me Gold and Silver stash in terms of 'Ounces' and not in any fiat currency value (GBP, USD or BTC what so ever).

For example: "Yes, I have now accumulated 100 oz of silver today" and not "Ow waw, my silver is today worth £1,288"

Do your research, find a couple trusted sites, sellers and dealers and stick with them. (Don't try to scavenge hunt for sales). Aim to build good relationships.

Make sure to have a dedicated budget to ease your mind.
Have a set percentage of your income dedicated to spend on PM.

For example: 10% of my income goes towards my "Pay Yourself First" bill. Yep I treat paying 'myself' as how I would treat paying a bill. It's a payment or 'reward' for myself and family. Then I split that 10% in two, 5% goes toward PM, the other 5% goes to the emergency fund.

Are you crap with percentage? No prob... Just think, for every £10 that I earn, I put away £1 toward myself.

The rest goes towards bills, food, and clothing to cover all basic needs. You need housing, food and clothing to have warmth, keep your tummy filled, your mind sane and a happy family.

Do you have any debts? Then clear that off ASAP! Ideally before you buy any PM’S!

But yeah... Make sure you eat together and spend time with your wife. She is way more precious than any metals! Explain to her why you do it and once you done that, don't talk about it anymore. Yes, do talk to her about PM's every now and then but only if she is interested really… Go hang out with her, she is worth it buddy! Don’t loose her! Unless she is right a pain in the you know what... but you both made a promise to each and she is expressing to you that you need to take care of your business and finances! So get cracking and sort it out!

Don't want to sound harsh but you asked for it..  That’s my 50p…

Oh yeah…these vid helped me a lot if you haven't seen them yet. (I know... more videos, but BelangP vids has been really helpful for me).

Be patient, stick around the forum, and don’t be afraid to ask questions here.

All the best!

One more thing... Go for gold. It takes less space, has low premium and it's considered number 1 investment/storage of wealth for 1000's of years.

 

 

 

 

 

[HawkHybrid]

I would stack for the long term and take a more relaxed

approach. only check prices when it's convenient. it's

there to give you peace of mind. over the long term, short

term price fluctuations mean very little. especially so if

you are using it as something to help out in times of need.

it's great to be with the times in collections, but only give

it the time that your lifestyle allows.

 

HH

[vand]

Hey,  don't worry. It's just human nature that when you are getting your teeth into something then you go all-in and live/eat/breath it. But that initial burst of enthusiasm will eventually pass and then you'll either stick with it long term at a sustainable level..or you won't. 

Ive only been stacking for 20 months and I need an entry on my calendar nowadays to remind me to make my monthly purchase, and otherwise get on with my life.

[Gorseinonboy]

11 hours ago, Thelonerangershorse said:

Yep, that will probably solve the problem. Hope you get to keep the silver in the divorce.

 

Well that and the dog......at least.....

[Gorseinonboy]

14 hours ago, CarlosSilver said:

Thankfully my wife is quite interested in my coin obsession. Yes, she calls me a geek every time she hears the @BackyardBullion YouTube music but she scoots over and watches the videos with me. 

Maybe you could pretend to be interested in something she does? I feign interest in my wife's yoga where in reality I am just perving over her yoga pants. 

Actually, I could feign interest in her bank account given that she has, over the years, slipped into the natural role of Financial Controller.....that way I might get my hands on a couple of bob to carry out my long term Silver strategy.....

[Gorseinonboy]

10 hours ago, ApisMellifera said:

What I've learned over the past years is not to worry about the price fluctuations and focus on the Weight in PM (Precious Metals) that I accumulate/build. The daily price change is really small and not worth your mind to ponder about. (I personally look at long-term prices, to keep myself sane and my head clear of all the noise. I look at the 1-Month, 1-Year and 5-10 year price charts and look at them at end of the Week/Month)

I value of me Gold and Silver stash in terms of 'Ounces' and not in any fiat currency value (GBP, USD or BTC what so ever).

For example: "Yes, I have now accumulated 100 oz of silver today" and not "Ow waw, my silver is today worth £1,288"

Do your research, find a couple trusted sites, sellers and dealers and stick with them. (Don't try to scavenge hunt for sales). Aim to build good relationships.

Make sure to have a dedicated budget to ease your mind.
Have a set percentage of your income dedicated to spend on PM.

For example: 10% of my income goes towards my "Pay Yourself First" bill. Yep I treat paying 'myself' as how I would treat paying a bill. It's a payment or 'reward' for myself and family. Then I split that 10% in two, 5% goes toward PM, the other 5% goes to the emergency fund.

Are you crap with percentage? No prob... Just think, for every £10 that I earn, I put away £1 toward myself.

The rest goes towards bills, food, and clothing to cover all basic needs. You need housing, food and clothing to have warmth, keep your tummy filled, your mind sane and a happy family.

Do you have any debts? Then clear that off ASAP! Ideally before you buy any PM’S!

But yeah... Make sure you eat together and spend time with your wife. She is way more precious than any metals! Explain to her why you do it and once you done that, don't talk about it anymore. Yes, do talk to her about PM's every now and then but only if she is interested really… Go hang out with her, she is worth it buddy! Don’t loose her! Unless she is right a pain in the you know what... but you both made a promise to each and she is expressing to you that you need to take care of your business and finances! So get cracking and sort it out!

Don't want to sound harsh but you asked for it..  That’s my 50p…

Oh yeah…these vid helped me a lot if you haven't seen them yet. (I know... more videos, but BelangP vids has been really helpful for me).

Be patient, stick around the forum, and don’t be afraid to ask questions here.

All the best!

One more thing... Go for gold. It takes less space, has low premium and it's considered number 1 investment/storage of wealth for 1000's of years.

 

 

 

 

 

Hi there and thank you for your long and involved, sensible and strategic comments. I found them really helpful in constructing a strategy for moving forward. We have merely dabbled so fat, hence the question about how individuals actually construct a sensible approach to the whole business of building a collection or acquiring a stack. Our intention and I actually include my wife in this is to have at first a five year, then an additional five year strategy. I like the idea of judging the criteria of a collection by weight and to have this drive the process. I also think finding the right bullion site or right dealer contacts is a good way forward. Trust is an important element when it comes to precious commodities.

The various videos all look interesting. Thanks for picking them out.

And I take the point about inclusion and respect for ones partner.

 

Thank you for your very helpful advice ........

[Gorseinonboy]

8 hours ago, vand said:

Hey,  don't worry. It's just human nature that when you are getting your teeth into something then you go all-in and live/eat/breath it. But that initial burst of enthusiasm will eventually pass and then you'll either stick with it long term at a sustainable level..or you won't. 

Ive only been stacking for 20 months and I need an entry on my calendar nowadays to remind me to make my monthly purchase, and otherwise get on with my life.

Hi Vand....well I am a lazy sod and tend to wax and wane in my interests but I hope this wave of interest in gold and silver doesn’t dissipate too easily nor too quickly. It has certainly promoted in me an urgency to think things through, move fairly quickly at times, seek out good advice, ask questions and discuss the future. If it can do all that then I’m happy to put in a sustainable effort.....for the longer term.....

[Gorseinonboy]

Thanks everyone for the advice. Very interesting and stimulating. You’ll be glad to know that Carol and I are planning a joint approach to the purchase of a large amount of gold between now and Xmas. I’ll let you know how we are getting along as we contemplate the purchases.......

[sovereignsteve]

17 minutes ago, Gorseinonboy said:

You’ll be glad to know that Carol and I are planning a joint approach to the purchase of a large amount of gold between now and Xmas

That wouldn't be some nice jewellery for her would it, a nice Christmas pressie?

A joint approach is very wise seeing as she is the financial controller

[kimchi]

The gold road's sure a long road
Can run on through your mind both day and night
The wife at your back is moaning
And spot price seems to cut you like a knife

Don't be no clown you must back down
Don't need me to tell you what's going down

Down down down down da down down down
Down down down down da down down down

(Guitar solo)

Etc...

[Kman]

On 10/18/2017 at 06:43, Gorseinonboy said:

If you mention the words BU, proof or low mintage once more....I won’t be responsible for my actions...

Well tbf with this part, you don't need to talk about PMs to her, that's why you have us  

 

[Roy]

On 10/18/2017 at 07:43, Gorseinonboy said:

My wife has even begun to use phrases like:

I don’t know you any more......

Why do we never eat together? Like we used to.......

If you mention the words BU, proof or low mintage once more....I won’t be responsible for my actions.....

You'll soon start fondling.

I can't help myself, I have to touch it every day. Even now, I'm thinking about it...I want to release it, rub it in my hands.

I can see myself unzipping...pulling it out. It's hard. Smooth. 

I can feel the ripples. I roll it twixt thumb and forefinger.....It's a seminal moment.

It's my passion. I want more.

 

Thanks BYB 

[Lea79]

Hi gorseinon boy ?.

 Interesting topic, one that all of us have had to deal with at some point.  Stacking does become a bit of an obsession at first but a soon as your other half sees it as a way of saving money they soon back off.  Us women are programmed to nag so if it’s not about coins it’ll b about something else haha.

Do I detect some welsh heritage?  

[sovereignsteve]

10 minutes ago, Lea79 said:

Do I detect some welsh heritage?

I thought the name was familiar, just didn't place it.

[Lea79]

Just now, sovereignsteve said:

I thought the name was familiar, just didn't place it.

It’s around the corner from me.  Could save on some postage haha.

[metallica73]

On 10/18/2017 at 23:04, Gorseinonboy said:

 tend to wax and wane in my interests

This even happens to me just with collecting/stacking all the time over the past 6 years. I can lose interest for a bit (whilst still keeping my collection/stack of course) and go a few months without buying a thing. Then all it takes is one new coin release, or bargain that piques my interest and whammo i'm right back into it like crazy.