Silver Stack Update and Goals for 2017
I try to make a point to visit my local coin shop on a weekly basis to support business and pick something out in person. Last week I had picked up my very first Pan American Silver Corp 5 ounce bar. I enjoyed the first one so much, that I decided to go back this week to grab another one!
My current holdings of physical silver is now 117 ounces.
Goal for end of the year 200 oz of silver, 1 oz of gold. If I can at the very least achieve this, I'll be pretty proud of myself. I've never been as enthusiastic about or as effective at saving money ever in my life until now. Precious metals have really changed my life for the better!
What are your goals for this year? I'd love to know if you are comfortable with sharing! :)
~Hratch
Sound keep stacking mate
Thank you buddy. You as well ✊✊
Nice pickup. That Pan American silver bar was produced by NWT Mint. Ever since NWT Mint went bankrupt, they stopped producing Pan American bars
Oh wow! I had no clue! You think this bar may appreciate as a collectable? Thanks for sharing this bit of info! Followed! ~Hratch
It might, or it might not. Some older bars from the 1980s such as Johnson Matthey and Engelhard are popular as collectibles. There are also vintage poured bars and art bars that people also are willing to pay a premium for. Who knows, maybe three decades from now, that Pan American bar might be worth something. Of course, Pan American bars are pretty common. Thanks for the follow!
Thanks for your response! I'm really not that concerned with whether or not it will appreciate as I got it for a relatively small premium over spot price, but I was just kind of curious! Have a great day brother! ~HRATCH
You have learnt one of the most important rules on building wealth my friend, it's not how much you earn, it's how much you keep. Especially wealth you control like silver that nobody can take from you. Cheers
True indeed my friend! By definition, wealth is accumulated. If you aren't accumulating even if you earn boat loads, you aren't wealthy.
A lot of people look wealthy with all the toys, but that is not true wealth. I think a good measure of wealth is how long do you think you could survive without working or earning any money. Cheers
Amazing job, keep stacking real wealth! You will be rewarded for your vision in the long run.
I think silver and gold may be ready to start moving up again. Here is an article I wrote breaking down some mining companies, the better of which should outperform the metals themselves by a wide margin. https://steemit.com/money/@motowngold/i-think-gold-and-silver-are-staging-for-a-run-here-are-some-mining-stock-ideas
You've made a good point. The best way (in my opinion) of building your REAL wealth is to acquire it as you are - incrementally - stacking - one bar/one coin at a time. Most of us aren't silver/gold whales :-) and can't afford to go all in whenever the price dips. But to have a budget, and a plan, to commit a set percentage of your fiat earnings for banking in actual value makes a lot of sense. Congrats!
Thank you long shot! I absolutely agree buddy and choose to do it exactly that way! What amazing wonders we can accomplish which is a little bit of budgeting skills 🙌🙌
Remember don't let the banksters manipulation get to you
Awesome my friend, you will surpass that goal. You will become addictive and wont want to stop. Thats how we all startrd. But awesome pick up. Keep stacking my friend.
Awesome!
Only gold and silver are money. Everything else is just credit! Good luck and keep stacking...