First moths stack

[Cookiesilver]

My first month's buys. It may be small but its mine and at an average of £16.80 Inc postage costs I don't think it's too bad, would like to buy in bulk but kids and life get in the way 😂. 

[AllThingsShiny]

As my other half says "small is better than nothing"

[Cookiesilver]

10 minutes ago, AllThingsShiny said:

As my other half says "small is better than nothing"

Funnily enough mine says the same 😂 although shes not interested in pm's 🤔

[MancunianStacker]

Every marathon starts with the first step mate! Carry on!! 

[RoughDog]

32 minutes ago, Cookiesilver said:

Funnily enough mine says the same 😂 although shes not interested in pm's 🤔

So nothing for PM's then 😋

[ChrisG]

I only started collecting two weeks ago Cookiesilver, It started off with two 1 oz Silver bars and I wasn't going to buy any more for a month, the bug bit me and now I have eleven bars and wanting more!

I think that I might be in need of help as this is starting to become an obsession...😨

[Cookiesilver]

5 minutes ago, ChrisG said:

I only started collecting two weeks ago Cookiesilver, It started off with two 1 oz Silver bars and I wasn't going to buy any more for a month, the bug bit me and now I have eleven bars and wanting more!

I think that I might be in need of help as this is starting to become an obsession...😨

Same mate constantly on fb and forum and Web looking for my next buy 😊

[PansPurse]

That's a great start. Key thing now is pacing. There's always more tempting shiny, but it's sticking to your budget that lets you keep growing a pile month in month out ☺️

[MancunianStacker]

I just calculated the value gold would need to be in order to extinguish the $70 Trillion world debt (based on all the gold ever mined to date) to be approximately $12,833 per oz.

I then found this video from over a year ago on the Julias Maltby channel, when the debt was only $63 Trillion. It estimates the value to be around $12,000 too. £9,900 in Pounds Sterling.

 

 

Skip to 8 minutes then to 12 minutes but try to watch the whole video it is a good watch!!!

How many ounces at this price would you need to repay your mortgage at a possible economic reset? That is my target figure (15 ounces).

If you subscribe to the Junius Maltby channel please comment that “Mancunian Stacker” mentioned this video. He’s a good guy and puts a lot of content out there.

[Shinus73]

1 hour ago, PansPurse said:

That's a great start. Key thing now is pacing. There's always more tempting shiny, but it's sticking to your budget that lets you keep growing a pile month in month out ☺️

Also, don’t move house. There’ll never be money for shiny again. 😞

[matrawr]

When I started I only had 2 Oz of silver until 3 or 4 years ago I don't know exactly how much I've got but I'm sure it's over 100ozs still peanuts compared to some but it's most important to live within your means.

[Tn21]

every stack has its day 

[Reichpapers]

My first thought was that moths were attacking your stack 😁.  As for silver, any size stack is a good start.  May it grow steadily.

[mr-dead]

6 hours ago, MancunianStacker said:

I just calculated the value gold would need to be in order to extinguish the $70 Trillion world debt (based on all the gold ever mined to date) to be approximately $12,833 per oz.

 

Is $70 trillion an accurate figure considering the US debt alone is nearing $22 trillion.

Others are reporting $233 trilion total debt:

http://uk.businessinsider.com/global-debt-his-record-233-trillion-debt-to-gdp-falling-2018-1

https://www.cnbc.com/2018/01/05/global-debt-level-hits-233-trillion-record-high-in-q3-2017iif.html

 

Which would bring the required gold price to around the figure of $50k I have seen quoted.

[StackerNoob]

7 hours ago, ChrisG said:

I only started collecting two weeks ago Cookiesilver, It started off with two 1 oz Silver bars and I wasn't going to buy any more for a month, the bug bit me and now I have eleven bars and wanting more!

I think that I might be in need of help as this is starting to become an obsession...😨

Rule one of my latest video is "Calm down!" Your situation is exactly what I am speaking of! Chill man, loads of time!

[MancunianStacker]

49 minutes ago, mr-dead said:

Is $70 trillion an accurate figure considering the US debt alone is nearing $22 trillion.

Others are reporting $233 trilion total debt:

http://uk.businessinsider.com/global-debt-his-record-233-trillion-debt-to-gdp-falling-2018-1

https://www.cnbc.com/2018/01/05/global-debt-level-hits-233-trillion-record-high-in-q3-2017iif.html

 

Which would bring the required gold price to around the figure of $50k I have seen quoted.

I’d be happy with that! Once you work in other Derivatives which have an unknown value we are into the quadrillions! 

I was airing on the most conservative side, so a bare minimum of $12,833 per ounce up to sky’s the limit really.

Buying a street for 1oz of gold wouldn’t be too bad.

This is why central banks hold gold. One day they will have to reset and base it against something and it’s usually gold  

[mr-dead]

I would happily settle for a £2.5k gold price that would make me a fiat £million from dumping my stack

 

[PansPurse]

These calculations are fun, but I really don't think it's likely that anyone is going to go back to a gold standard IMHO.

[sixgun]

i posted this story on another thread - Russia Should Consider Gold-backed Crypto....

https://www.cryptoglobe.com/latest/2018/08/russia-should-consider-gold-backed-crypto-for-weapons-export-says-lawmaker-vladimir-gutenev/

You will be seeing this more and more as the world de-dollarises.

[MancunianStacker]

42 minutes ago, PansPurse said:

These calculations are fun, but I really don't think it's likely that anyone is going to go back to a gold standard IMHO.

True but it doesn’t have to. Inflation could just get out of control, especially if Corbyn just printed enough currency to pay off the national debt

[PansPurse]

5 minutes ago, MancunianStacker said:

 

[Deleted]

[JunkBond]

9 minutes ago, MancunianStacker said:

True but it doesn’t have to. Inflation could just get out of control, especially if Corbyn just printed enough currency to pay off the national debt

 

7 minutes ago, PansPurse said:

You mean the national debt that the conservatives more than doubled in their first five years in power?

Here we go, where's my popcorn.

[MancunianStacker]

I’m not a fan of any government but I believe it was also Gordon Brown who sold off the the majority of the gold reserves at a rather low price. It wasn’t the greatest move especially with all his economic qualifications 

[mr-dead]

1 hour ago, MancunianStacker said:

I’m not a fan of any government but I believe it was also Gordon Brown who sold off the the majority of the gold reserves at a rather low price. It wasn’t the greatest move especially with all his economic qualifications 

Could be worse we could be Canada.  At least we hold some gold.

[MancunianStacker]

42 minutes ago, mr-dead said:

Could be worse we could be Canada.  At least we hold some gold.

Good point!!! 😂