What is your endgame?

flipstar (71) in steemsilvergold • 5 years ago (edited)

There are many approaches to stack precious metals and there are many reasons for it.

Some stack because they like it others to buy bread and houses in case society goes full Mad Max.

Others as a hedge against inflation.

When I started buying my first metals around 18 months ago I had no idea what I am actually doing.

I mean how hard can this be?

You type in a number how many of those shiny coins you want, pay the man and wait for the package to arrive.

Since then I learned a bit through my mistakes.

One of those was not having a goal or plan where I want to get with my stackin efforts and they are still kind of vague but I think I am getting there.

I realized stacking silver requires a lot of space rather quickly.

While you learn about the gold silver ratio and how overvalued gold or undervalued silver is, it is sometimes hard to buy gold if you think about the upside potential silver has.

But I think my endgame for the precious metals game is having gold. I dont want to be left without silver but the majority of my stack I want to have in gold.

source

I think BTC is changing this quote quite a bit but to feel saver I enjoy something I can touch.

And if we would go full Mad Max ( which I dont believe ) it is easier to carry gold but if it is yours probably many things are not to heavy to carry.

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5 years ago by flipstar (71)

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silversaver888 (72) · 5 years ago

My end game is gold..

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2 votes

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kerrislravenhill (63) · 5 years ago

My Stack is subdivided into different roles, Off grid wealth preservation, Constitutional for emergency commerce, and pretty PMs for playing with.
I don't think it would be a full Mad Mad, perhaps mad-ish. Prepped as best I can on a single parent lifestyle but I have a contingency plan to meet with a few others if things get really bonkers. LT stored food, Portable 1k Solar powered generator and Berkey Water system included.

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1 vote

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flipstar (71) · 5 years ago

So a bit like a preppar (do you write it like that?)

I think I will have to cut my stack a bit more as well. seems like a smart move how you do that

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1 vote

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kerrislravenhill (63) · 5 years ago

Originally I've planned for the big overdue earthquake but also included the financial one too. The generator is great, provides 36 to 48 hours of light, cook a meal for at least 8 servings, or blow dry my hair 3x.

Posted using Partiko Android

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pocketechange (58) · 5 years ago

Get ready for “Sound Money” backed be U.S. Bullion Coinage...

August 13, 2019... 16.2. Hollywood Time...

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1 vote

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flipstar (71) · 5 years ago

rather have money backed by bitcoin

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pocketechange (58) · 5 years ago (edited)

BitCoin will probably take a Dive, once U.S. Crypto is “activated”...

August 14, 2019... 4.1. Hollywood Time...

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jonknight (59) · 5 years ago

If I see the ratio drop to below 40 all my silver goes to gold. Hopefully I'll never actually need any of it.

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1 vote

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flipstar (71) · 5 years ago

I have not picked my ratio yet but that will be kind of my plan as well

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1 vote

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travelwithus (73) · 5 years ago

My endgame? There is some huge problem to discuss with my father and mother and law. this is my endgame.....

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1 vote

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flipstar (71) · 5 years ago

personal or as a politican?

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1 vote

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travelwithus (73) · 5 years ago

extremly personal

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abh12345 (76) · 5 years ago

Water > Gold :)

My end game is probably to pass on what I collect to family in the hope that Max Max scenarios are further away than some suggest.

Water was said in jest but I watched The Big Short the other day (on Netflix) and the guy that uncovered the bullshit (and made the most) is now only invested in Water. Hmmm.

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1 vote

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flipstar (71) · 5 years ago

true.

good movie as well. There is a doku about water mob in India.

Probably hard to store though....but I dont buy that we will have this much chaos. If water will becomes a problem (for the western) world there also needs to be something you can trade it for.

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1 vote

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lichtblick (78) · 5 years ago

Not easy atm. Silver could be a better buy as it will be requested for a lot of smart shit. Gold is a store of value and got prohibited several times.

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1 vote

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flipstar (71) · 5 years ago

I pick up both atm but with the intension to transfer some silver into gold if I think the time is right

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2 votes

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esteemapp (75) · 5 years ago

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thejollyroger (72) · 5 years ago

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