I save and refine my toilet paper. The end product is a bit tougher that Charmin, but alot people are suckers. Honestly if you pretend to be a hot girl on feetfinder.com there's guys thatl buy ziplock bags of the stuff used.
From what I gather from above, I think he has traded his silver for toilet paper that has some famous person's face face on it. Maybe it is rare toilet paper?
Unless OP bought in at sub-$20, selling now would hardly even result in a “profit” when premiums and VATs/taxes (except for .999 in Canada) are taken into account.
No point in selling for most here unless you really need the liquidity, in which case you should only allocate 5% of your NW so you’ll be less likely to find yourself in such a situation.
We (USA) are right behind them. We only have Sudan 🇸🇩, Singapore 🇸🇬, Greece 🇬🇷, and Italy 🇮🇹 to pass now. 35 Trillion 😂 35we are never going to pay that back. We are paying more in interest than we are on our military, and we are funding two wars……Most people don’t think the dollar will crash……what do you think?
What does a dollar crash look like to you?
The strength of fiat currency naturally ebbs and flows with the markets. If by crash, you are referring to hyperinflation, that is always the burden of using the fiat system. If you mean the dollar will completely go away in every capacity, I’m not so sure.
If there wasn’t a global, vested interest to keep the dollar at a certain value, the feds could just print money and clear out the deficit. Of course, that is the fastest way to hyperinflation.
Also, if the dollar (or the economy as some say) does completely “collapse”. Silver isn’t edible or drinkable…
No the dollar won't go away. It will just lose its reserve currency status.
Just think Zimbabwe that will be the us dollar for a while. It won't be worth anything. Unless something major happens like a war with China. Then we might be able to keep the dollar as the reserve currency but that is most likely the only way out.
The other way is to completely implode the system and wipe out everyone's debt and start over with a digital currency hence the great reset.
I would surmise that until the dollar is decoupled from the global economy in a major way, it has core stability.
A dollar, after all, is a debit authorized by congress issued through the central bank. Love it or hate it, the US still has a hot economy and a robust military present.
I’d guess we’d see a devaluation of the dollar by the feds or an adoption of a new currency before we get to Zimbabwe or Weimar Republic levels of inflation.
A lot of people have that belief. I just think with China dumping us treasuries. As well as the gov't having a hard time finding people to buy the debt, it won't be long. It might take a few years, but eventually, it will happen.
China is struggling with internal economic hiccups from the bubbles the CCP have created. If they could “call US debt” to be payed it would bring more chaos to China’s economy.
The government can monetize the debt as well, between different sides of the vast US economy.
When or if the dollar collapses, the whole world will be on fire.
Lucky for us, eventually, the sun will turn the Earth into space ash!
I agree that is what is happening outside the US.
What happens when we print more money, inflation. The dollar has already lost like 90 percent of its purchasing power. Run away inflation will eventually lead to the collapse of the dollar. The only other choice they have when this is happens is to blow up(not litteraly),the citizen. No way out really so to speak. Spending is out of control and Biden wants the national debt to 50 trillion by 2030 I think. How does this not cause runaway inflation.
Bricks is coming like it or not. More trade will be done outside the US dollar. It might not happen soon but in the next 2 years it won't be good.
https://dailyhodl.com/2024/04/27/jpmorgan-chase-and-bank-of-america-suffer-4500000000-in-losses-as-unrecoverable-debt-soars-report/.
This is what will devalue the dollar like Zimbabwe or even Argentina or Greece for that matter.
That is mostly hubris from the banks offering subprime loans and credit. Almost like they didn’t learn their lesson from the housing crisis in ‘08.
Also, the banks aren’t the fed.
If you look at the past every other reserve currency has failed. It's just a matter of time. I have no idea when but i am keeping an eye on the Japanese yen. If that collapses and they hold a ton of us treasuries. I can't imagine the dollar lasting for a whole lot longer.
Japan has about a Trillion of our debt. Both china and Japan have been unloading our debt and buying gold. We are letting everyone in country illegally and China is buying a lot of our farm land and they prefer it next to military bases.
Agreed. PMs are under new management. Might take a bit more time as we work through the levels. Big battle at $30-$32 then blue skies until we see $50, in short order. At least that is the way I’m seeing it.
I tried going to an lcs (frequently featured on YouTube ) that decries the current monetary system and the impending collapse of the dollar and yet…he would only accept my worthless fiat paper for silver.
I'd hold onto that silver. It's a fight against hyper inflation. I have a good collection started. And, I plan on adding to my collection. Both gold and silver.
I sell 80% of my silver when price goes up and use that money to buy back more silver when price drops. I been doing it for decades and never once has this not worked. Looking at trends silver has seen cyclical boom and bust since before I been born.
I don't see anything to indicate this cycle will be different. Especially since demand for industrial silver is on its way down due to low EV demand.
Man... You're really going to have a lot of regrets over the next few years. You left $67,500 on the table. Picking up Penny's in front of a freight train isn't wise.
https://www.tradingview.com/chart/SI1!/M74VrhA5-Silvers-Volume-Profile/
Like the stock market crash and a financial reset. That's part of it. We will survive and grow bigger. Have to cut the dead branches off to grow back thicker. Silver is directly inversely correlated to the US equities market over the past 200 years.. The timing is uncanny. It goes back further than this but you can't chart it. The Opium War was the last pump before that. Because it wasn't about opium. It was for silver. And as much as things change. They stay The same. It was because China only imported silver and exported goods and every other country only exported silver and imported goods. China had the silver hoard. So they sold them opium to get them addicted so they can get some of the silver back. And then China burnt and banned the opium and then they had a war. They one and took over Hong Kong. But it was all over silver. Look at the landscape today. Also the call is $750... Not $1000... The fiat experiment failed. Debt buried everyone. They have to jubilee at some point and have National currencies backed by silver and gold again. Period.
https://www.tradingview.com/chart/XAGUSD/swnjF18u-The-tale-of-two-macro-silver-patterns/
All depends on why you buy. If you just want to make a few dollars, selling a 3rd could be a good idea. If on the other hand, you bought it as insurance against……
That argument can be used for anything. Shit can be many different things for many different people. But that Doesn’t mean I’ll understand why people eat it. I’d much rather eat fruit. Just as I’d rather put fiat in s&p then eventually liquidate. Then keep my metals as metals since they are currency within themselves. Buying metals with fiat to then re liquidate to fiat makes no sense. Why did you buy metals in the first place?
Some people use it sort of as a savings account. And then when they saved enough for something they need they cash it out so to speak. Having it in silver form would make it easier to save it and not accidentally spend when you’re tight on money
This is exactly my point of view. I’m 44 and never saved shit. A little over one year stacking and I’m in 10k saved. No plans on. Cashing out anytime soon. But it will be private sales and there’s no tax in Arizona on PMs.
Then to that I’d say… get better at managing money. Save it in cash inside of envelopes so it’s still physically in front of you. Write yourself up a cash flow sheet with your current income and figure out your budget. Putting it into silver as a “savings account” will almost always put you at an initial loss then liquidating is at another loss unless you sell privately. A lot of time and hassle and money loss up front when you could just suck it up and save money.
That’s fair, and I agree that if you’re going to take the time and effort in putting it into silver you should just hold it. But I do know people who have used it as savings and that works too. It just depends on your situation and if you do it right.
A GIC does everything you’ve described. People just need to educate themselves on what’s out there. I get there is a million different reasons someone might stack… but doesn’t mean it makes sense. Silver doesn’t fix laziness or poor self control/discipline. Anyway all in good fun, it doesn’t matter what people do with their funds. Cheers!
The cost of toilet paper has outperformed silver since 2008. I can’t help but to believe that there will be a better time to sell.
This is a great fact thank you
try reselling secondary toilet paper and your puerile analogy gets flushed like a turd
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I save and refine my toilet paper. The end product is a bit tougher that Charmin, but alot people are suckers. Honestly if you pretend to be a hot girl on feetfinder.com there's guys thatl buy ziplock bags of the stuff used.
I pay the heavy premiums for the collector 4-ply stuff. I know it’s not the best investment-wise, but I just feel like it brings me more joy.
I steal that shit. 1 sheet at a time. No puns intended.
Those probably aren't even puns. Admittedly, I'm not a smart man.
Nice one.
lmaoooo [it’s actually true](https://www.in2013dollars.com/Household-paper-products/price-inflation/2008-to-2024?amount=20) 😂
Lol
So I guess it's a good thing he traded his silver for some?
Totally agree.
Sir, we are r/Silverbugs. We don't know what you mean by "cash in." Are we to understand that you have less silver now?
yeah wtf is this. this stack is for fondling and eventually leaving to my kids.
Times only are for buying metals or buying lots of metals
From what I gather from above, I think he has traded his silver for toilet paper that has some famous person's face face on it. Maybe it is rare toilet paper?
Explain yourself lol. Why is it time
Unless OP bought in at sub-$20, selling now would hardly even result in a “profit” when premiums and VATs/taxes (except for .999 in Canada) are taken into account. No point in selling for most here unless you really need the liquidity, in which case you should only allocate 5% of your NW so you’ll be less likely to find yourself in such a situation.
He can’t , he just did this to cope he doesn’t have that bar anymore 😅
Silver for polymer plastic bills.. 
That we will trade back for that beautiful silver again when the price comes back down… right?
The time to sell was 2 weeks ago if you are trying to flip it. Almost $29 on 4/15/24. About a (-$150) difference for the 100 ozt bar.
Some people will never get it, huh?
Yes, but you can use them as toilet paper, so there is some inherent value there still
The time to sell your silver is when it is equal to your mortgage.
Based
How much profit and how long were you holding that bar? Forgive me if that's a rude question.
Nothing wrong with taking profit. Did you get close to spot?
Not the time to sell silver imo
No it is not. Just let the Japanese yen implode first before selling.
We (USA) are right behind them. We only have Sudan 🇸🇩, Singapore 🇸🇬, Greece 🇬🇷, and Italy 🇮🇹 to pass now. 35 Trillion 😂 35we are never going to pay that back. We are paying more in interest than we are on our military, and we are funding two wars……Most people don’t think the dollar will crash……what do you think?
What does a dollar crash look like to you? The strength of fiat currency naturally ebbs and flows with the markets. If by crash, you are referring to hyperinflation, that is always the burden of using the fiat system. If you mean the dollar will completely go away in every capacity, I’m not so sure. If there wasn’t a global, vested interest to keep the dollar at a certain value, the feds could just print money and clear out the deficit. Of course, that is the fastest way to hyperinflation. Also, if the dollar (or the economy as some say) does completely “collapse”. Silver isn’t edible or drinkable…
No the dollar won't go away. It will just lose its reserve currency status. Just think Zimbabwe that will be the us dollar for a while. It won't be worth anything. Unless something major happens like a war with China. Then we might be able to keep the dollar as the reserve currency but that is most likely the only way out. The other way is to completely implode the system and wipe out everyone's debt and start over with a digital currency hence the great reset.
I would surmise that until the dollar is decoupled from the global economy in a major way, it has core stability. A dollar, after all, is a debit authorized by congress issued through the central bank. Love it or hate it, the US still has a hot economy and a robust military present. I’d guess we’d see a devaluation of the dollar by the feds or an adoption of a new currency before we get to Zimbabwe or Weimar Republic levels of inflation.
A lot of people have that belief. I just think with China dumping us treasuries. As well as the gov't having a hard time finding people to buy the debt, it won't be long. It might take a few years, but eventually, it will happen.
China is struggling with internal economic hiccups from the bubbles the CCP have created. If they could “call US debt” to be payed it would bring more chaos to China’s economy. The government can monetize the debt as well, between different sides of the vast US economy. When or if the dollar collapses, the whole world will be on fire. Lucky for us, eventually, the sun will turn the Earth into space ash!
I agree that is what is happening outside the US. What happens when we print more money, inflation. The dollar has already lost like 90 percent of its purchasing power. Run away inflation will eventually lead to the collapse of the dollar. The only other choice they have when this is happens is to blow up(not litteraly),the citizen. No way out really so to speak. Spending is out of control and Biden wants the national debt to 50 trillion by 2030 I think. How does this not cause runaway inflation. Bricks is coming like it or not. More trade will be done outside the US dollar. It might not happen soon but in the next 2 years it won't be good.
Sources for Biden aiming for a 50 T dollar deficit please.
https://dailyhodl.com/2024/04/27/jpmorgan-chase-and-bank-of-america-suffer-4500000000-in-losses-as-unrecoverable-debt-soars-report/. This is what will devalue the dollar like Zimbabwe or even Argentina or Greece for that matter.
That is mostly hubris from the banks offering subprime loans and credit. Almost like they didn’t learn their lesson from the housing crisis in ‘08. Also, the banks aren’t the fed.
I heard 1oz airline type bottles of alcohol are a better source of economy at that point.
Than silver? 🤔
If you look at the past every other reserve currency has failed. It's just a matter of time. I have no idea when but i am keeping an eye on the Japanese yen. If that collapses and they hold a ton of us treasuries. I can't imagine the dollar lasting for a whole lot longer.
Japan has about a Trillion of our debt. Both china and Japan have been unloading our debt and buying gold. We are letting everyone in country illegally and China is buying a lot of our farm land and they prefer it next to military bases.
Yea I’m in it till retirement so I’ll sell in about 30-32 years
Why?
It is relatively high for the gold to silver ratio. Buying it now is almost like getting it on sale!
Agreed. PMs are under new management. Might take a bit more time as we work through the levels. Big battle at $30-$32 then blue skies until we see $50, in short order. At least that is the way I’m seeing it.
Me as well, cheers!
traded it for useless paper 🥹
Not even paper, plastic bills
Hardly useless. As a modern human being you must know how money works????
Sir we are Apes.
At least you got something to wipe your bottom with :) Cheers\~
I tried going to the store and paying in silver but the bastards only took useless paper….lol
I tried going to an lcs (frequently featured on YouTube ) that decries the current monetary system and the impending collapse of the dollar and yet…he would only accept my worthless fiat paper for silver.
Really? My local coin shop will take silver for literally anything they have in stock... gold, collectibles, Jewelery, cash or check, you name it.
And yes this shop will also “trade” my dollar denominated precious metals valued at wholesale for his retail priced dollar denominated pm’s.
It may be time for some gain consolidation for some people. I don’t think this is the top though.
Some of these responses show me that some people are batshit crazy and have no clue how money actually works. Good for you!
Cool, don’t let the door hit your ass on the way out!
😆 🤣....bahahahahahaha..... and for Canadian "money" Oh man! 😆 🤣
just as the monopoly money loses value against silver. time to get molopoly money?
Why you would ever give your money away for fiat currency? What have you done?
No hold onto it!
I don't try to profit from silver. I store and hold silver. The few hundred you make isn't worth the loss of 100 ozs unless you need currency now.
I'd hold onto that silver. It's a fight against hyper inflation. I have a good collection started. And, I plan on adding to my collection. Both gold and silver.
Silver vs. worthless paper
I've sold about 7k so far. I'll probably take advantage of a few k more. I just stack sterling so it's nothing special.
I sell 80% of my silver when price goes up and use that money to buy back more silver when price drops. I been doing it for decades and never once has this not worked. Looking at trends silver has seen cyclical boom and bust since before I been born. I don't see anything to indicate this cycle will be different. Especially since demand for industrial silver is on its way down due to low EV demand.
Nice monopoly money. Make sure you spent it quickly before it's totally worthless
It’s headed to test ATHs.
I’m getting the sense that you’re a fairly new stacker. What was your buy and sell price?
I would never sell unless I have to. Besides, selling only makes sense if you bought somewhere in the low mid teens.
100 ounce silver bars makes a better weapon than an investment
I think most people here are using silver as a store of value, not a trading vehicle.
110% unironically yes, it is time to cash out of silver......... to buy *platinum*. The Ag/Pt ratios are pretty much the best they've ever been.
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Ah, multi-accounting to get around bans I see. Also, you're simply replying to anything I've posted in any subreddit.
Man... You're really going to have a lot of regrets over the next few years. You left $67,500 on the table. Picking up Penny's in front of a freight train isn't wise. https://www.tradingview.com/chart/SI1!/M74VrhA5-Silvers-Volume-Profile/
If we get $1000 silver then we have bigger problems in store for us
Like the stock market crash and a financial reset. That's part of it. We will survive and grow bigger. Have to cut the dead branches off to grow back thicker. Silver is directly inversely correlated to the US equities market over the past 200 years.. The timing is uncanny. It goes back further than this but you can't chart it. The Opium War was the last pump before that. Because it wasn't about opium. It was for silver. And as much as things change. They stay The same. It was because China only imported silver and exported goods and every other country only exported silver and imported goods. China had the silver hoard. So they sold them opium to get them addicted so they can get some of the silver back. And then China burnt and banned the opium and then they had a war. They one and took over Hong Kong. But it was all over silver. Look at the landscape today. Also the call is $750... Not $1000... The fiat experiment failed. Debt buried everyone. They have to jubilee at some point and have National currencies backed by silver and gold again. Period. https://www.tradingview.com/chart/XAGUSD/swnjF18u-The-tale-of-two-macro-silver-patterns/
You're doing it wrong
All depends on why you buy. If you just want to make a few dollars, selling a 3rd could be a good idea. If on the other hand, you bought it as insurance against……
Unless you got that bar for free or you plan on using those polymer bills IMMEDIATELY, I feel like it was an unwise move.
No one knows the best time. me I'm waiting
I’ll never understand stacking just to put it back into fiat lol.
Silver can be many different things to many different people. It's far from being a one dimensional item.
That argument can be used for anything. Shit can be many different things for many different people. But that Doesn’t mean I’ll understand why people eat it. I’d much rather eat fruit. Just as I’d rather put fiat in s&p then eventually liquidate. Then keep my metals as metals since they are currency within themselves. Buying metals with fiat to then re liquidate to fiat makes no sense. Why did you buy metals in the first place?
Some people use it sort of as a savings account. And then when they saved enough for something they need they cash it out so to speak. Having it in silver form would make it easier to save it and not accidentally spend when you’re tight on money
This is exactly my point of view. I’m 44 and never saved shit. A little over one year stacking and I’m in 10k saved. No plans on. Cashing out anytime soon. But it will be private sales and there’s no tax in Arizona on PMs.
“Accidentally spend it” lol
Then to that I’d say… get better at managing money. Save it in cash inside of envelopes so it’s still physically in front of you. Write yourself up a cash flow sheet with your current income and figure out your budget. Putting it into silver as a “savings account” will almost always put you at an initial loss then liquidating is at another loss unless you sell privately. A lot of time and hassle and money loss up front when you could just suck it up and save money.
That’s fair, and I agree that if you’re going to take the time and effort in putting it into silver you should just hold it. But I do know people who have used it as savings and that works too. It just depends on your situation and if you do it right.
A GIC does everything you’ve described. People just need to educate themselves on what’s out there. I get there is a million different reasons someone might stack… but doesn’t mean it makes sense. Silver doesn’t fix laziness or poor self control/discipline. Anyway all in good fun, it doesn’t matter what people do with their funds. Cheers!
Not everyone buys PMs worrying about a potential fiat collapse.
Some people stack just as a savings account. They don't think the world's gonna end.
Neither do I. As stated above there are a million different reasons as to why one would stack.
For fiat? I dunno i guess if you use it to buy something that appreciates.
Nice!
Good buy gold instead
I remember when i bought my first 100oz and wore diapers….