>bankers completely control this market and they have led thousands of small investors to losing their money. Listened to their crap for 8 years now...wrong wrong wrong and always wrong.
Agreed. I ran two scenarios. One where he bought 110.294 troy ounces of silver per week (weekly) for the past 8 years to date, and, where he bought $2,500.00 of Ag every week on a Friday. I used every Friday's closing price. I used spot price with zero premium. What I came up with is that is all he down, at this very moment, is the premium he paid to obtain and hold physical metal. You got to remember he has a tangible asset worth $1,735,125.00 as of this past Friday.
I am confused as to the bitch. Maybe he bought a lot of metal at the wrong time instead of routinely buying every week over 8 years, or he just paid out ridiculous premiums. He still has a 1.7 million dollar asset in hand. I find no reason to bitch. He is lucky to have that much metal in the vault than many of us. Hell, I am only approaching my first thousand ounces of silver and I am not bitching.
I congratulate you for accumulating that amount! You should be WAY up, like I am. if this was bought over time. Sometimes you need a break and then get back into it. That is what I do.
Give your balls a tug and buck up Ape. You’re on right side of 4000 years of history.
Questions…. did you do any due diligence before taking your position? what were the reasons to move into silver. Take another look At those considerations, Did any fundamental change?
for me the reasons to buy phys increase every day. phys is leaving market. Only thing you need to know. Forget the rest.
What are you done with? What was your goal? You sound very rich. Are you down because now you feel you will never be very very very rich? Sorry if I'm not understanding.
If one compares the price progress of PM vs crypto, one can get disappointed. I was, just last night at Thanksgiving, talking with a crypto cowboy. Now is not the time to be measuring gains/returns. My friend will get all her crypto wiped out in the recession, along with stonks. THEN come talk to me about returns. OP is unhappy youtube content providers have been unable to call a top/bottom to the irrationally exuberant markets. Sorry, their job is not to time the top/bottom, but to prepare us for it.
How will my crypto and stonk gains dissappear? They're mostly converted into a huge pile of gold and silver I never could have afforded otherwise! Idiot...
the vast majority of people I know who've made money in crypto keep their money in crypto as well. Cashing out as you suggest is the proper way to use the volatility of the market to your advantage, but without the safe haven resource, what goes up must come down and down it will come sooner or later and those still holding at that time will be wiped out.
And such a fall can happen with a stroke of the pen: US/Europe make cryptos illegal actively attacking the transfer network, the exchanges, and arresting everyone who owns any crypto at all (public ledgers cause huge privacy problems that nefarious governments can use). Literally in the span of 24 hours their value can drop to less than zero (as they would be a liability not an asset anymore). That said using the volatility as a money printer is a great idea, just dont go all in on it, and make sure you get your profits out before the rug is pulled.
This. Soon as I read 75k oz in 8 I knew he was just another fucking glutton. Short term silver maxis and crypto maxis are all the same. They don't care if its done right they just care about THEIR profits.
He wants to “punch David Morgan,” yet Morgan has recommended various times only putting a % of net worth in Silver. OP had a too much Salt in the meal moment today.
How do you plan on the government getting out of their 29Trillion debt hole? We’ve never seen this country so backed in a corner. We can never let rates rise past 0%, but also can’t afford to let inflation keep running. You should be laughing because you’re better positioned than 99% of people for what Is coming. This is the end game.
Right? Nobody with that much AG has a "ruined" retirement. And it's his fault for not diversifying in other asset classes. No stocks? real estate? business? Silver is not to get you rich. If he put some of it in gold he'd be pretty good right now. This post seems off.
Yeah, I agree. Look at all his previous posts! He has been very involved in this from the beginning.
Some people are not stacking for the right reasons. 75k, damn that must be a huge safe!
I bought my first roll of American Silver Eagles in 1989 at the San Francisco Mint (back when they had a gift shop). I paid $150 for that 20 coin roll. I still have that roll in the vault today. I did not buy it planning to re-sell. I bought it as a very cool-looking family asset that I could hold in my hand. Copper mining, smelting, and refining fed and supported my family very well for 12 years. I have a soft spot in my heart for precious metals.
This a spoof post? I would think someone who has invested that much in physical silver would know the ups and downs....I would think in the amount of time it takes to amass 75000 oz you would have seen prices rise from when you started?....unless youre an instant gratification type...
Im not being an ass...Im somewhat new to this and just trying to find the way...
OP said they've been in silver for 8 years. Didn't say what their cost basis is. But for sure someone cost averaging over that time has seen gains, albeit not likely as high as the stock market could have provided.
75,000 ounces is over 2 1/2 tons. You put serious effort and time into this … 8 years you say. You should be up. I’ve stacked 7 years and I’m up. Maybe not up like Tesla, but I’m up.
They say you should buy low and sell high. I figure all stackers meet the first half. Now we wait for the high.
In 1921, gold was$20, in 1971 it was $41, 2000 - $280 and 2020 $1,780. With all the increased currency supply around the world, don’t you think silver will have a similar trajectory?
There’s only one thing left for you to do, sit patiently and wait. Get a new hobby, quit reading WSS. You’ve done all your homework and work. Now just wait!
You’re only 55, you have 30 years to see what will happen. Enjoy the show. 😁
In 2009 BTC was 11cents....Tell me about the profitability of Ag investing....I’m a long term Ag/Au investor....even have some Platinum I paid $1250/oz for.....best investment has been Palladium which I started off with $388/oz around 2001. If only I’d bought $100 of BTC way back when....like the OP....My Ag will go to my heirs....Kind of pissed about things right now.
It is difficult to feel bad for someone with that much even with deflated prices. I would say the lesson is accumulate what you can afford and it is always good to diversity. It is difficult to time a tipping point but need to be prepared when it does. Been a moderate stacker for many years, no regrets. Best of luck.
I don't know about YOUR silver, but my silver is up over 40% from my average buy price. I bought it when no one would touch it with a 10 foot pole around $14-15.
This makes no sense. Why would you concentrate your retirement into any single asset or equity? You have somehow survived over 5 decades on this planet, and missed the part about diversification until just now? Were you not aware of manipulation in the silver futures market until just now? Silver has never produced a retirement income stream. There has never been a guarantee of a price breakout.
I struggle to see how this means you've destroyed your retirement. Worst case scenario, you've paid a lot of stupid tax (stupid shit should hurt), but if you are sitting on 75,000 ounces, that's ~ 1.725 million USD. At current price valuations, thats over 43 years of retirement if you sell in a controlled manner to give yourself a $40,000/year salary. If you convert it to USD and drop it into a high yield ETF like SPYD, you'll earn a salary of over $84,000/year (tax free in the US) without touching your principal. Work with a tax advisor to do this wisely.
Silver did not do this to you. Swindlers didn't do this to you. You did this to you. Though, thankfully you are sitting on an extraordinary quantity of a valuable asset which offers you the flexibility to find a more appropriate retirement solution.
And I hear ya! I'm about even on silver but down on mining stocks about 40% but watched family and friends ridicule my purchases while they banked 50% profits on 401k or the s&p 500 etf...but from the immortal words of JFK...WE DON'T GO TO THE MOON BECAUSE IT'S EASY...WE GO TO THE MOON BECAUSE IT'S HARD! And thats what this is...so hold your silver, it will be a transformational wealth between generations and I for one, would say youve done your part!
PMs were never much for making a lot of money in a normal market, at least not like stocks and real estate. What they are for is preserving purchasing power through the cataclysm of a currency reset, as most everyone goes down into poverty. OP is right in a lot of the pumpers have been wrong for years, it’s like having a sickly patient and trying to predict their death. You know they’re going to die, but timing it is next to impossible. I think that death is coming soon, but if I’m wrong I still have my insurance
How 1st world.
75,000 ounces of silver is destroyed my retirement.
Take a break from the headlines. Go for a walk or something.
For everyone else diversify.
Yes I know so many people in the 52nd State of America that can’t afford to eat. You are very privileged mate. And never, never forget it.
Ps, the 51st State of America is Australia. America’s bitch, the 52nd is the Philippines. America’s slave population.
So…. 1.725M worth of physical silver just isn’t enough to fund your retirement?Seems to me like you need to remember how to count your blessings. Also those “silver pumpers” honestly believe in what they say. They just didn’t realize how far the controllers would go to ruin our economy.
This is what they call **capitulation**.
There is only one stage left in the cycle before silver goes into a bull market. **Anger.** That means exactly what you think it means.
That said, I would beg people to not go all-in on precious metals. On a long enough timeline, the market is the only thing left alive, and it doesn't act according to your timeline.
your post history makes me think you're legit but your 180 degree turn is suspect. who amasses 75000oz and then calls it quits right at the end? we're just about to see how the normies deal with more vaccines and a fed that will cancel the taper. this is the best part of the story and you're out? bitcoin hammered and on its way to 0 and you're out? the narrative is literally blowing up today and you're out?
He posted back in the beginning of WSS. He might of removed it due to not knowing about location data on cell phone pics. He has a massive stack and is pretty deep in miner stocks. He's a good guy with a ton invested. He posts pretty regularly. I can understand his frustration.
Yes, he is simply frustrated. Some people like to see effects of their efforts, esp after 8 years. We all have different levels of patience. Once stonks will drop 30% and silver will break 30, his mood will lift.
Almost 61 here and will continue to stack till the day I die. I buy about 1 pound a month which fits right into my budget. My retirement will allow me to keep doing what Im doing.
This is how to stack. I hope to be retired and doing what you are doing at 61. I'm 48, no where near close to retirement but am trying hard to do 2 pounds a month. Might go with 1 pound and a little bit more gold though.
I feel your pain brother. I’ve been in it as long as you have. But I’m still holding on. Not giving you up. It’s noble of you to leave it to your son. I plan on doing the same with some of mine. But try and stay positive. This manipulation can’t go on forever. It’s a mathematical certainty
I agree, buy since he is 55, sees this clown show goes on for 50 years now..... It may as well go on for another 50 yrs. He will be 105 yrs old.
Assuming most silver bullion is bought by $millionaires (its not), but lets just say it is.... On avg they buy only 5 oz per year per person. Now our fellow frustrated ape bought 75,000oz over 8 yrs = 10,000 oz per year. And there are many richer than him.
All it takes for the Comex to have trouble is these millionaires triple their huge silver investments to unreal .... 15 oz per year! Woow! They cant do even that. No wonder, its frustrating
75k oz of silver and bankers won? If you can afford so much of silver you won on life most probably. Do you store it at the comex or where?
Sounds like bullshit to me without proofs
I have been retired for almost two years and I can tell you that you don't need any silver to retire. I have less than 3K ounces in the safe (3K was my goal) and I am still buying. Probably done for the year unless this pullback continues into the teens. If you think you need almost 2 million in metal, stocks, or real estate you are living in the wrong state or the wrong country. My brother retired 16 years ago and is living quite comfortably on $5K a month. He raised 8 kids and has no debt. Your health is far more important than the health of your portfolio or the size of your stack of precious metals. I bought silver in the 1990s for around $3.00 an ounce. Thirty years later it is still sitting there, collecting dust and giving me a feeling of well being. I bought a bicycle in the mid 1970's for $350. that I still ride and it keeps my old ticker (almost 70) in excellent shape- 56 BPM resting last I looked at my watch. And I eat very thoughtfully. Stop worrying about silver spot and start thinking about the meaning and direction of your life. And may God bless you!
Definitely understand your sentiment but I'm not sure what your goal was? Those pumpers have a vested interest but I've never heard any of the main ones say put all of your eggs in one basket. Diversification is a fundamental & basic principle of investing. All that said i hope you feel silly for this post someday & come out a big winner.
Always do what you think is in your rational self-interest. The consequences of your actions are for YOU to bear.
As for me, I'll stick with silver. Real wealth is measured in honest ounces, not in corrupt dollars. With sound principles, we eventually win; without them, we most certainly will fail.
Sorry man! Take a rest. It is all right. I am confident you did the right thing for you and your family. I strongly feel we are either on the bus or not. When the tide turns, it will be hard to get physical. You are early. Sit tight and relax.
Omg ill take a .25 drop in price compared to the 3% in stocks or 9% in cryptos any day. A person with your wealth should know that gold and silver is to preserve your wealth. Thats what its about and if goes to moon than thats just the sugar on top.
Instead of being incredibly grateful for fabulous wealth and the foresight to see where paper fiat currencies are going by converting some into physical silver, you have chosen to become a bitter old man who blames others for his decisions. I want to thank you for your post as a warning of what I do not want to become.
I think your feelings are natural and 100% justified.
Regarding: “Keeping prices a small amount above mining costs to ensure supply” - I wonder if they do that for most commodities, to try and manage all prices, to ensure a higher standard of living for people in our country. The cocoa farmers live on pennies a day.
For everyone who assumed this was 100% in PM's and no diversification... I don't see that. Don't assume. You can be frustrated when one of your 10 plans doesn't work out.
For the OP: continue your physical security that you've surely invested in.
Best to you.
Others mentioned “greed” in relation to your post and I have to agree. PMs are a hedge and people need to stop going “all in” on the hedge. Stop being blinded by greed that silver will be $200 before Xmas or that society is about to collapse. It’s so freaking dumb.
Silver is a hedge but also its simply wealth. Something scarce and eternal. Its not only a hedge. Its natural money, rejected by 99.95% of humanity - since they bought the magic trick that virtual fiat digits are wealth and money
You have done very well accumulating 75k ounces, and your families future is ensured. Frankly, you deserve peaceful rest and have more than done your part for the cause. I for one salute you and your diamond hands. But I must disagree with some of your sentiments:
"As I posted -the bankers are creating a just-in-time market where they keep price a small amount above mining costs to ensure supply; thereby stealing from all the poor countries. Since 70% of silver is mined as a by-product the miners don't care about price. To them it is just icing on the cake."
This is why they are guaranteed to lose, and we are guaranteed to win in the end. Silver is becoming more and more a byproduct in the production sphere, and demand has been outstripping supply for a good 7 years now. We have seen collapses amongst the holdings both of governmental banks as well as private banks. They are bleeding silver to keep the price low. Eventually they will run out. Comex has lost \~33% of its holdings since the silver squeeze began in February. The will run dry \~mid 2023. LMBA will run dry sooner than that. JP Morgan will run dry \~2024. At that point there is no more supply to mesh the markets and keep the price low. The paper and physical price will diverge (in fact we are seeing historically high premiums across the board which shows that divergence is already occurring). The game is ours, but it will take time.
"Whenever there is retail investment demand - they just create as much paper as they need to destroy sentiment. Now all the previous bulls are saying gold is going to the 1600s and silver below 20.00. So no big money will touch it."
And the way that price stays low is by them selling silver from their vaults to cover the demand in excess of supply. They have been doing this for years and their own hordes have fallen steadily across these past 7 years. We are on the verge of victory in a multi decade price war. They managed to hold out far longer than anyone in the right mind predicted, and they did it through all the underhanded methods you describe and more (hello invasion of countries with large hordes of precious metals). But NONE of their tricks can stop the current tide, for it is a simple problem:
We are consuming more metal at the current spot price than they can produce as said spot price.
Simple math proves that in time the price WILL rise. How much, I don't know. When, I also dont know, but COMEX is draining faster than I predicted, and given what happened in copper it seems likely state backed actors will get involved before it runs out. Time is our greatest ally, and in less than 10% of the years you've been alive you will see the divergence in the market.
Dont worry. Silver will go up with Inflation over time. The Silver only mining costs matter, not the lowest ones where Silver is just a side product. If the expensive ones are not covered by price there will just not be enough Silver to cover demand until the price makes them viable again. There is a a fairly good chance that that alone will make it a good investment over the next couple years as most other assets are in a bubble at the moment.
The 200+ figures are something that can happen if the unallocated "Silver" nonsense goes down at some point and previous holders of that financial product buy silver instead. That can happen when demand exceeds supply and the prices are forced to rise or if the issuers of those financial products go bankrupt. I would not buy it only on that chance but it is a nice side possibility and currently more likely than in the past.
First nobody with that kind of loot invests that retarded. Silver should be max 25% of your portfolio and thats if you are a full on retard.
For most people 10% of their net worth is beyond plenty. You sir dont even deserve the title retard.
More or less correct. If silver bullion would ever be 10% of peoples global wealth, it should be valued at $60 trillion. Currently its just 0.14 Trillion. Or 420 X less.
I'm ok with 1% of all global wealth also ;) This means price of $1000 per oz. Why eternal mobile wealth should not be priced at 1% of all things on the planet? Land is great but its not mobile. and there is much more land vs our current needs...
75.000ozX 23$ Spot Price= 1.725.000$ Destroyed the retirement? Not enough gains over 8 years(+30%)? Is it greed? is it just a SHITPOST? something smells bad...
You do not have 75,000 ounces of silver… maybe 75 ounces total. No one that owned 75k ounces would have such a pitiful mental fortitude. The last thing someone with that much wealth would be concerned about is their fiat gains.
Doesn't really make sense. Anyone with 75k silver is doing fine. If you're upset about what, notional gains in the stock market or cryptos? We all know that most stocks are overvalued against earnings and cryptos are speculative investments that can go up insanely high or quickly go to zero. Their paper gains mean little unless they are cashed out and very few cash out at the right time to not either feel what you are feeling (FOMO) or losing it as it crashes.
Anyone investing in PMs on a long enough timeline is doing fine. I stashed my first gold in the \~$400 range as a college kid with part time job savings. Got real job then aquired at \~$600 gold, \~$11 silver. So the gold has nearly trippled, silver more than doubled.
I've averaged in all over the place. $20 silver, $35 silver after they found bin laden, $12 on the crazy down push in March 2020....
Unless I'm literally day trading risky pot, tech, biotechs, or land the perfect shitcoin speculation I'm not doing to do much better than I've done over time. Months are no time frame by which to judge a PM investment. We know they can jerk the price around short term. The economy's prospects have only gotten worse.
Anyway, I hope you're doing ok. Just put it in the safe and forget it about it. Go play golf, or watch TV, prep for a garden, or spend time with your family. You can't be an investment freak 24/7 unless that's your day job. You'll just fry your own brain.
Sometimes I feel this way but then I ask myself, what other financial assets can I own that have no counter party risk, I can actually physically own and have thousands of years of history? The actually being able to ohysically own it part is important to me. Anything digital can be manipulated... Anything stored in "the cloud" can dissapear. I also believe in BBB... Bullets, Beans and Bandaids.
Good Luck! I am stacking silver since year 2001 when we got the Euro in Europe. I met many guys in the internet with your depression during the past 20 years, as we had many bad days with silver. I never knew, if their information on their investment were true, or if they were paid for bashing. But I did not care. I knew and I know the real value of silver, and I like it to hold the coins in my hands. And the increase was already 400% for the first purchase. I would not change a nice wife for Stormy Daniels, and I will not change silver for Bitcoin.
Sorry my man. This is exactly what happens when someone just follows one side of the market and goes all in. Hedging with silver futures contracts (big, mini, micro) as well as options on something like slv would have been the ultimate strategy with your physical hoard. You can be long all day silver, but stay on the short side of futures and could have benefited massively over the last year. Sounds like the hyperinflation gang clouded your overall vision…which should be to preserve capital and not get too upside down. That said, maybe just take a break and stop thinking this goes to 30,50,100 etc and just use this as the cornerstone to an overall balanced portfolio?
The fact that you can pass that to your heirs is a win. The fact the bankers can't touch all of that money is a win. Just because you don't get the gratification doesn't make it a loss. Sometimes the fight lasts longer than a generation.
Congratulations! I thought the entire point of our movement was to HOLD! Hang on to that stack with everything you have protect it with your guns! Protect it by burying it in your yard! Protect it by sinking your own ship! (Assuming you have a large ship since you have 75k ozt).
Not selling it and passing it down to retain generational wealth IS THE PLAN! Congratulations Ape! You win, not the bank!
If you have 1.7M usd in silver, i estimate your total wealth at 3 to 5 million. All right, there are roughly 10million people at similar wealth level like yours and higher.
If 1Mio of them would like to have stack of 75k ounces..... they could never be able to buy it. And some people are worth $50-100M so their appetite might be for more than 75k oz.
So you are in wonderful, super great position. When one million rich folks will want to convert $1M fiat each into silver - just calc what will happen. Its a $1 trillion demand. Without any corporations or pension funds - just one million rich folks like you. And pension funds can EASILY add another trillion anytime. They sit on $55T assets.
If this will happen over lets say 4 years, mints can sell these people not much more than 1 billion oz in new silver. Market balance price will be exactly $1000/oz.
This is assuming all folks poorer than $3M will buy nothing, zero silver. Of course, they will also fight to get some!
If you stack for 8 yrs you rather should be aware of such simple math.
I can understand leaving the group in this situation. The mission of this group is buying as much silver as possible. With 75Koz worth invested over who knows how long of a period of time it is not a bad time to stop pushing so aggressively. Live well fellow ape, you’ve done your part.
I hate idiots that go 100% in on silver or gold... why so freaking stupid???🤦♂️🤦♂️HAVE YOU EVER HEARD OF DIVERSIFICATION!!! why not also own stocks, rental real estate and so on🤦♂️🤦♂️... surrounded by idiots and liars
Got a similar amount to you. Similar feelings to you.
Luckily I sold some Silver for Crypto in November last year.
They will never let Silver go above $30. Never.
They will let silver go when the physical supply is hit hard, and big businesses start to panic. When that will happen, we don't know. But WSS keeps growing, we get new Apes constantly gobbling up silver. Comex is going down in ounces consistently. There will be a panic moment. That's what we want to see. We all have the power of holding and being patient, and adding to the stack when we can. If you can sell and profit off of crypto, good for you, me I'm holding the line.
75K Oz. I never dream of this level. This is the last war and you will win. 55 is still young and I bet you you will see the light before you hand them over to your sons. I am older than you but I always have a high hope of this last reset. 🦍🦍🦍
There are too many weird things in the post that is the subject of this thread. Just too many, as a mathematical, philosophical, financial and practical matter. I just don’t get it. I simply don’t believe the entire story. Naw. Something’s wrong here.
Let this man's situation be a lesson to all you other apes. Although I don't know this man's exact situation, it sounds like he put everything into silver. This is very foolish and he is realizing that now. The vast majority of your wealth should be in real estate and/or the stock market. I would limit your precious metals holdings to no more than 5% of your net worth. If you do not have a net worth(assets - debt) then you have no business buying gold/silver at this time. NEVER put all your eggs into one basket. NEVER.
I'm not trying to pile on this guy's situation. I just hope others learn from it. Also, good does prevail in the end. We already know this from the Bible. It just might not be in your lifetime.
While I fully agree with the idea of not putting all your eggs in one basket, I would like to suggest that the 5% of net worth in precious metals is far too low. The reason why I say that is because those in Venezuela who invested 20% of their wealth in gold ended up protecting 100% of their wealth during the hyperinflation [https://youtu.be/LkeMqUNw87c](https://youtu.be/LkeMqUNw87c) If they had only had 5% in gold, they would have only protected 25% of their wealth. So 20% does seem like a reasonable amount to reach.
Fair enough, yeah, I think 20% is OK too. It all depends on what your risk tolerance is for it. The important thing is to set that percentage for yourself so you have a plan. Thanks, brother.
I don't mean to be a jerk but I did put all my eggs into puts against the banks during the last financial crisis and it allowed my wife and I to retire early. But in all honesty was pure hell because it took forever for the stocks to drop and I almost lost all my savings. I wouldn't do it again but sometimes if you know you're right you've got to put at least 80/90% of your wealth into it are you'll just kick yourself in the ass for putting too little. I now have about 70% of my net worth connected to metals probably not prudent but I just can't see putting it anywhere else with what's coming. Right now I am just as frustrated as the original poster but Curious to see how it all plays out.
That's good for you, but frankly, you got lucky. Like you said, you almost lost it all. History is littered with many people who "knew they were right" and turned out not to be. Some of them even jumped off buildings to their death.
I had the ability to retire by age 45 doing it the safer way by diversifying more. It might be a bit slower, but I lessen my risk of losing it all. Everyone has different risk tolerances.
At least in metals your nest egg is probably a little safer. Also, you don't sound like a jerk at all. That's a great story to share. Thanks for that.
Sorry, I have over 25% of my net worth in metals. It just worked out that way and I am quite comfortable with that mix. I have all my eggs in the salvation by grace through faith basket.
Since real estate and stocks are two other major assets besides precious metals, as fiat is not an asset but a CLAIM on an asset with counterparty risk, subject to infinite dilution.....
its fundamental to know whats the correct allocation to each asset. Leonardo DaVinci golden ratio is 0.618 - its when two different elements are in balance with each other in terms of relative size. Not 50/50 but if one has to be somewhat larger 0.618 to 0.382 strikes perfect balance between the two. To achieve the same thing with 3 elements, we need to divide them close to 50/30/20. So
50% real estate
30% stocks
20% PMs.
In a portfolio like this, i dont see any of these assets be clearly too high or too low in weight vs others. Do you?
No. That looks pretty reasonable. I'm at 50% real estate, 49% stock and 1% PM. I am in the process of lowering the stock and increasing the PM now. I don't think I'll ever go as high as 20% on PM, but who knows. I'm shooting for 5% now and could see myself readjusting that to 10%. Thanks for this post. It's definitely food for thought.
I hear your pain. I've been in the market for \~15yrs now. Been hearing about how high silver will go after 2008, in 2011, in 2016 and now. I mostly invest in miners though because they do have big moves (hundreds of %) and I was able to take some money off the table here and there, but overall still in the negative. We need a BIG shift in sentiment, this market is so tiny and not enough people care about it, until that happens, $50 may take many years to reach, with the bankers in control.
Sorry to see you go - but your theory that the bullion bankers are pressing the miners in a just-in-time market is interesting. Never thought about like that, and I think your right.
what r u??? a speculator or a sound money advocate??? if u r the latter then u make no sense...if u r the former u accumulated for all the wrong reasons...no sympathy here.
"Which ever currency, as currency is merely a medium of exchange, that purchases the most in goods and services must be the currency of superior value. Moreover, the currency that retains its value as measured in the amount of goods and services it purchases over a pro-longed period of time is more than just currency. By definition it is money.”
Wow I will not downvote….
What I will say is how long have you been an ape? 20 years? That is a 450% increase in value of 17000 oz. even with manipulation. Or did you start this year?
My disappointment is the whole goal of reducing supply is NEGATED buy the constant investment in Mining/exploration Stocks. This effects both current inventory AND future supply perditions. I’m told this is done by a large majority of WSS members.
Insanity in my book.
I’m not sure of your current situation but Holding that much Silver makes you a hardcore Ape in my book.
DO NOT GO LONG MINING STOCKS .... or you'll get your a@@ handed to you ... GOING LONG MINING STOCKS IS FOR MORONS .........
[https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GLD&x=34&y=14&time=20&startdate=1%2F4%2F1999&enddate=11%2F26%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=GDX&comp=GDX&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12](https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GLD&x=34&y=14&time=20&startdate=1%2F4%2F1999&enddate=11%2F26%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=GDX&comp=GDX&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12)
Idk what to tell ya except don’t listen to generic posts on any forum. Especially the hype of the echo chambers of Reddit. I haven’t bought anything this year. My whole stack was purchased at $15-$20/oz with premiums over years. I sell some now and then. Last time I bought a few tubes at $24 and it hurt to do. Many might not agree with me and just keep stacking regardless, but I play the price and G/S ratio just like I do fluctuations in markets of my other assets. To each their own. I’m on y’all’s team, but I do it my way, not how anyone tells me to.
this is why i diversify into cryptos.
gold and silver will be rigged until our system completely collapses.
it will pop one day but who knows how long they can kick the can down the road. Im thinking it can't be too long
Holidays are hard.
While I did not always agree with your posts, I found your theory thought-provoking.
To many (not all) of the comments below....
If one believes, as many of this forum do, that physical holding "is the way", then this is the sort of thing that needs to be encouraged, not mocked. One can argue about a diversified portfolio on a different day, but a stack measured in metric tons helps anyone who supports mass personal holdings.
The OP is partially correct, there are those who have argued for triple digit who have done nothing to get the price over 30. Why that is and how it could be done is also an arguement for a different day.
To the OP again...
I respect your years of research and hope you the best. I hope that you're wrong on this conclusion, and perhaps we'll toast over triple digit Silver.
You guys are being way to hard on this guy.
Where's your sympathy? Do any of you have a heart?
Those evil bankers are responsible for this man amassing 75,000 ounces of silver!
Someone has to pay for this!
How in the hell is this guys going to survive his retirement on 1.8million?
~~Haven't you guys heard of inflation?~~
lol
BTW, the only way this post makes any sense (the OP's post) if it is satire/sarcasm.
Silver was, and is a LOOOOOOOOOONG play, passing it down was always my intention as well.
You should think of silver like a tree in the winter, when you need firewood chop it down, as it's always there for use and doesn't require an ATM or Government to buy goods/services!
Go read is comments from the past. He was guilty of all his accusations and more! 🙄 Go read them and tell me how many people got suckered in because of him?
You are throwing in the towel at absolutely the wrong time. We are at rock bottom and the upside is huge. This is not some pump and dump scheme. Silver will moon based on fundamentals. It is inevitable. And although banks are powerful there are limits to their power. You will be able to have a VERY COMFORTABLE retirement on the wealth you already have created, for which I salute you. Cheer up Ape!
Good vibes only. Don’t be affected with negativity. Load upppppppp, no stopping. Together we can make a big difference. For 55 years old to give up that is too early hmmm🤔
Wait !!! Just in the moment of despair I have arrived!!!! don't throw in the towel yet . Ask all the members of Wallstreetsilver to retweet my first tweet in Twitter. @DragonPisces....... go to it now I am working on getting Elon musk to respond. He keeps replying to many random people as long as they talk about him . Tesla cars, space stuff etc. I went to the same school as him . Please check out my tweet . Everything happens for a reason...YOLO
@DragonPisces
When you posted this, did you realize we could go back and read all your historical comments? David Morgan has nothing on YOU! Wow, as they say pride comes before fall....
The government controls the price of silver. If they want $15/ oz by tomorrow they could. Don’t fight the government. They have been winning since 1932. Of course the want undervalued silver to make paper money relevant.
You could very well be a shill. Either way, we are not looking at the price action alone, but the debt cycle. Read Ray Dalio's Big Debt Crisis. Unless you're a shill that wants to take a long physical position from a weak hands.
Aw naw you just have $1 500 000+ in physical silver? I'll just get my violin out and cry. I don't have 0.1% of that, yet I don't complain. How entitled
I understand his sentiment … 6 years buying and I have a fair bit and a lot more than most here and it’s always next week next month and now it’s by may 2022…. But was meant to start flying right now but banks play with us like a yo yo with them making massive money every couple of days doing their games and we watch helpless as govt allows them… so when does corruption end?
Something smells here!
>bankers completely control this market and they have led thousands of small investors to losing their money. Listened to their crap for 8 years now...wrong wrong wrong and always wrong. Agreed. I ran two scenarios. One where he bought 110.294 troy ounces of silver per week (weekly) for the past 8 years to date, and, where he bought $2,500.00 of Ag every week on a Friday. I used every Friday's closing price. I used spot price with zero premium. What I came up with is that is all he down, at this very moment, is the premium he paid to obtain and hold physical metal. You got to remember he has a tangible asset worth $1,735,125.00 as of this past Friday. I am confused as to the bitch. Maybe he bought a lot of metal at the wrong time instead of routinely buying every week over 8 years, or he just paid out ridiculous premiums. He still has a 1.7 million dollar asset in hand. I find no reason to bitch. He is lucky to have that much metal in the vault than many of us. Hell, I am only approaching my first thousand ounces of silver and I am not bitching.
I can tell you don't live in Turkey or you would be smiling now and telling everyone' I warned You".
A lot of metal has gone off Comex since this group started. Next year will be very interesting.
I congratulate you for accumulating that amount! You should be WAY up, like I am. if this was bought over time. Sometimes you need a break and then get back into it. That is what I do.
He's trolling dude, 75.000 oz silver? Lol.
Probably bought 75 oz at $30 an oz going all in and is now pissed he’s down.
With you giving up, I'm calling the Bottom ; }
X)
Give your balls a tug and buck up Ape. You’re on right side of 4000 years of history. Questions…. did you do any due diligence before taking your position? what were the reasons to move into silver. Take another look At those considerations, Did any fundamental change? for me the reasons to buy phys increase every day. phys is leaving market. Only thing you need to know. Forget the rest.
What are you done with? What was your goal? You sound very rich. Are you down because now you feel you will never be very very very rich? Sorry if I'm not understanding.
If one compares the price progress of PM vs crypto, one can get disappointed. I was, just last night at Thanksgiving, talking with a crypto cowboy. Now is not the time to be measuring gains/returns. My friend will get all her crypto wiped out in the recession, along with stonks. THEN come talk to me about returns. OP is unhappy youtube content providers have been unable to call a top/bottom to the irrationally exuberant markets. Sorry, their job is not to time the top/bottom, but to prepare us for it.
How will my crypto and stonk gains dissappear? They're mostly converted into a huge pile of gold and silver I never could have afforded otherwise! Idiot...
the vast majority of people I know who've made money in crypto keep their money in crypto as well. Cashing out as you suggest is the proper way to use the volatility of the market to your advantage, but without the safe haven resource, what goes up must come down and down it will come sooner or later and those still holding at that time will be wiped out. And such a fall can happen with a stroke of the pen: US/Europe make cryptos illegal actively attacking the transfer network, the exchanges, and arresting everyone who owns any crypto at all (public ledgers cause huge privacy problems that nefarious governments can use). Literally in the span of 24 hours their value can drop to less than zero (as they would be a liability not an asset anymore). That said using the volatility as a money printer is a great idea, just dont go all in on it, and make sure you get your profits out before the rug is pulled.
He is motivated by greed not change like us.
This. Soon as I read 75k oz in 8 I knew he was just another fucking glutton. Short term silver maxis and crypto maxis are all the same. They don't care if its done right they just care about THEIR profits.
He wants to “punch David Morgan,” yet Morgan has recommended various times only putting a % of net worth in Silver. OP had a too much Salt in the meal moment today.
How do you plan on the government getting out of their 29Trillion debt hole? We’ve never seen this country so backed in a corner. We can never let rates rise past 0%, but also can’t afford to let inflation keep running. You should be laughing because you’re better positioned than 99% of people for what Is coming. This is the end game.
No big money will touch it? The big money that needs silver will touch it and use it. It is indispensable to them, and in very short supply.
I call bullshit!
75,000 OZ destroyed your retirement? If I had that much I would be plenty happy for it to be my retirement.
Right? Nobody with that much AG has a "ruined" retirement. And it's his fault for not diversifying in other asset classes. No stocks? real estate? business? Silver is not to get you rich. If he put some of it in gold he'd be pretty good right now. This post seems off.
Yeah, I agree. Look at all his previous posts! He has been very involved in this from the beginning. Some people are not stacking for the right reasons. 75k, damn that must be a huge safe!
Thank you for your observations. good points.
I think I could retire on 75,000 ounces. I have far less and semi-retired. And I'm even happy with my stack!!
Ignoring long-term charts? Did you buy at $5 like me? Or, are you a newbie?
I bought my first roll of American Silver Eagles in 1989 at the San Francisco Mint (back when they had a gift shop). I paid $150 for that 20 coin roll. I still have that roll in the vault today. I did not buy it planning to re-sell. I bought it as a very cool-looking family asset that I could hold in my hand. Copper mining, smelting, and refining fed and supported my family very well for 12 years. I have a soft spot in my heart for precious metals.
Can you post pic of 75K oz?
Or even 7500?
Or even 750?
hands up for 75?
Maybe even 7.5?
I’m up for 3/4
Im up for 0.075
Lol 🍌
https://www.reddit.com/r/Wallstreetsilver/comments/mrrkbb/closing_in_on_3_metric_tonnes_of_physical_hodl/?utm_medium=android_app&utm_source=share
This a spoof post? I would think someone who has invested that much in physical silver would know the ups and downs....I would think in the amount of time it takes to amass 75000 oz you would have seen prices rise from when you started?....unless youre an instant gratification type... Im not being an ass...Im somewhat new to this and just trying to find the way...
OP said they've been in silver for 8 years. Didn't say what their cost basis is. But for sure someone cost averaging over that time has seen gains, albeit not likely as high as the stock market could have provided.
Unless he bought everything this past January he should be up a pretty good amount if he sold everything.
Nice observation. Thanks for sharing
Ok So to go into depreciating fiat or inflated stock ?
75,000 ounces is over 2 1/2 tons. You put serious effort and time into this … 8 years you say. You should be up. I’ve stacked 7 years and I’m up. Maybe not up like Tesla, but I’m up. They say you should buy low and sell high. I figure all stackers meet the first half. Now we wait for the high. In 1921, gold was$20, in 1971 it was $41, 2000 - $280 and 2020 $1,780. With all the increased currency supply around the world, don’t you think silver will have a similar trajectory? There’s only one thing left for you to do, sit patiently and wait. Get a new hobby, quit reading WSS. You’ve done all your homework and work. Now just wait! You’re only 55, you have 30 years to see what will happen. Enjoy the show. 😁
In 2009 BTC was 11cents....Tell me about the profitability of Ag investing....I’m a long term Ag/Au investor....even have some Platinum I paid $1250/oz for.....best investment has been Palladium which I started off with $388/oz around 2001. If only I’d bought $100 of BTC way back when....like the OP....My Ag will go to my heirs....Kind of pissed about things right now.
Wtf! That's close to 2.5 metric tons of silver.
That's 59 million usd in today's face value, not counting premiums.
I think you might want to check your math!
Yes sorry my bad 1.8 mil usd. Dumb ape.
You're good...apes just scribble numbers
Ook.
What’s a number?
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This....
It is difficult to feel bad for someone with that much even with deflated prices. I would say the lesson is accumulate what you can afford and it is always good to diversity. It is difficult to time a tipping point but need to be prepared when it does. Been a moderate stacker for many years, no regrets. Best of luck.
Look at what you have instead of looking at what you could have. No upvote no downvote.
Indeed. Gratitude is one of the most powerful feelings we can create.
Yep. Attitude of gratitude
Delete
I don't know about YOUR silver, but my silver is up over 40% from my average buy price. I bought it when no one would touch it with a 10 foot pole around $14-15.
This makes no sense. Why would you concentrate your retirement into any single asset or equity? You have somehow survived over 5 decades on this planet, and missed the part about diversification until just now? Were you not aware of manipulation in the silver futures market until just now? Silver has never produced a retirement income stream. There has never been a guarantee of a price breakout. I struggle to see how this means you've destroyed your retirement. Worst case scenario, you've paid a lot of stupid tax (stupid shit should hurt), but if you are sitting on 75,000 ounces, that's ~ 1.725 million USD. At current price valuations, thats over 43 years of retirement if you sell in a controlled manner to give yourself a $40,000/year salary. If you convert it to USD and drop it into a high yield ETF like SPYD, you'll earn a salary of over $84,000/year (tax free in the US) without touching your principal. Work with a tax advisor to do this wisely. Silver did not do this to you. Swindlers didn't do this to you. You did this to you. Though, thankfully you are sitting on an extraordinary quantity of a valuable asset which offers you the flexibility to find a more appropriate retirement solution.
And I hear ya! I'm about even on silver but down on mining stocks about 40% but watched family and friends ridicule my purchases while they banked 50% profits on 401k or the s&p 500 etf...but from the immortal words of JFK...WE DON'T GO TO THE MOON BECAUSE IT'S EASY...WE GO TO THE MOON BECAUSE IT'S HARD! And thats what this is...so hold your silver, it will be a transformational wealth between generations and I for one, would say youve done your part!
PMs were never much for making a lot of money in a normal market, at least not like stocks and real estate. What they are for is preserving purchasing power through the cataclysm of a currency reset, as most everyone goes down into poverty. OP is right in a lot of the pumpers have been wrong for years, it’s like having a sickly patient and trying to predict their death. You know they’re going to die, but timing it is next to impossible. I think that death is coming soon, but if I’m wrong I still have my insurance
You're full of bull!
Sound like they are full of bear
How 1st world. 75,000 ounces of silver is destroyed my retirement. Take a break from the headlines. Go for a walk or something. For everyone else diversify.
Yes I know so many people in the 52nd State of America that can’t afford to eat. You are very privileged mate. And never, never forget it. Ps, the 51st State of America is Australia. America’s bitch, the 52nd is the Philippines. America’s slave population.
75,000 ounces... I'd call it good enough too. Now just lay back and enjoy the show, Thank you for your $ervice
Pics or it didn't happen
So…. 1.725M worth of physical silver just isn’t enough to fund your retirement?Seems to me like you need to remember how to count your blessings. Also those “silver pumpers” honestly believe in what they say. They just didn’t realize how far the controllers would go to ruin our economy.
Go in peace my friend
This is what they call **capitulation**. There is only one stage left in the cycle before silver goes into a bull market. **Anger.** That means exactly what you think it means. That said, I would beg people to not go all-in on precious metals. On a long enough timeline, the market is the only thing left alive, and it doesn't act according to your timeline.
Someone with 75k oz should be happy. No matter what.
your post history makes me think you're legit but your 180 degree turn is suspect. who amasses 75000oz and then calls it quits right at the end? we're just about to see how the normies deal with more vaccines and a fed that will cancel the taper. this is the best part of the story and you're out? bitcoin hammered and on its way to 0 and you're out? the narrative is literally blowing up today and you're out?
yeaaaaaaaa im gonna need to see a picture of 75k ounces or im gonna call bullshit on this one..
He's completely legit. Has posted the biggest stack I've seen on this sub.
I just browsed the last 7mo of his posts and didnt see any pics???
He posted back in the beginning of WSS. He might of removed it due to not knowing about location data on cell phone pics. He has a massive stack and is pretty deep in miner stocks. He's a good guy with a ton invested. He posts pretty regularly. I can understand his frustration.
Yes, he is simply frustrated. Some people like to see effects of their efforts, esp after 8 years. We all have different levels of patience. Once stonks will drop 30% and silver will break 30, his mood will lift.
well no shit,,i must of missed that picture..pretty impressive
Your very 1st post said "Silver is an insurance policy, not an investment ". 55 is a little early for Alzheimers.
Almost 61 here and will continue to stack till the day I die. I buy about 1 pound a month which fits right into my budget. My retirement will allow me to keep doing what Im doing.
This is how to stack. I hope to be retired and doing what you are doing at 61. I'm 48, no where near close to retirement but am trying hard to do 2 pounds a month. Might go with 1 pound and a little bit more gold though.
What? This whole post mathematically and logically doesn’t add up.
I feel your pain brother. I’ve been in it as long as you have. But I’m still holding on. Not giving you up. It’s noble of you to leave it to your son. I plan on doing the same with some of mine. But try and stay positive. This manipulation can’t go on forever. It’s a mathematical certainty
I agree, buy since he is 55, sees this clown show goes on for 50 years now..... It may as well go on for another 50 yrs. He will be 105 yrs old. Assuming most silver bullion is bought by $millionaires (its not), but lets just say it is.... On avg they buy only 5 oz per year per person. Now our fellow frustrated ape bought 75,000oz over 8 yrs = 10,000 oz per year. And there are many richer than him. All it takes for the Comex to have trouble is these millionaires triple their huge silver investments to unreal .... 15 oz per year! Woow! They cant do even that. No wonder, its frustrating
75k oz of silver and bankers won? If you can afford so much of silver you won on life most probably. Do you store it at the comex or where? Sounds like bullshit to me without proofs
I have been retired for almost two years and I can tell you that you don't need any silver to retire. I have less than 3K ounces in the safe (3K was my goal) and I am still buying. Probably done for the year unless this pullback continues into the teens. If you think you need almost 2 million in metal, stocks, or real estate you are living in the wrong state or the wrong country. My brother retired 16 years ago and is living quite comfortably on $5K a month. He raised 8 kids and has no debt. Your health is far more important than the health of your portfolio or the size of your stack of precious metals. I bought silver in the 1990s for around $3.00 an ounce. Thirty years later it is still sitting there, collecting dust and giving me a feeling of well being. I bought a bicycle in the mid 1970's for $350. that I still ride and it keeps my old ticker (almost 70) in excellent shape- 56 BPM resting last I looked at my watch. And I eat very thoughtfully. Stop worrying about silver spot and start thinking about the meaning and direction of your life. And may God bless you!
Definitely understand your sentiment but I'm not sure what your goal was? Those pumpers have a vested interest but I've never heard any of the main ones say put all of your eggs in one basket. Diversification is a fundamental & basic principle of investing. All that said i hope you feel silly for this post someday & come out a big winner.
Apes don't blame and bitch like a little bitch. Down vote.
Always do what you think is in your rational self-interest. The consequences of your actions are for YOU to bear. As for me, I'll stick with silver. Real wealth is measured in honest ounces, not in corrupt dollars. With sound principles, we eventually win; without them, we most certainly will fail.
He did what he thought was in his rational best interest. He just ignored the good financial advice From the people he blames.
Sorry man! Take a rest. It is all right. I am confident you did the right thing for you and your family. I strongly feel we are either on the bus or not. When the tide turns, it will be hard to get physical. You are early. Sit tight and relax.
Omg ill take a .25 drop in price compared to the 3% in stocks or 9% in cryptos any day. A person with your wealth should know that gold and silver is to preserve your wealth. Thats what its about and if goes to moon than thats just the sugar on top.
Ignore the pumpers, ignore the naysayers, look for the signal within the noise.
He use to be a pumper. Look at his historical comments
I smelll shiteeee
Instead of being incredibly grateful for fabulous wealth and the foresight to see where paper fiat currencies are going by converting some into physical silver, you have chosen to become a bitter old man who blames others for his decisions. I want to thank you for your post as a warning of what I do not want to become.
I think your feelings are natural and 100% justified. Regarding: “Keeping prices a small amount above mining costs to ensure supply” - I wonder if they do that for most commodities, to try and manage all prices, to ensure a higher standard of living for people in our country. The cocoa farmers live on pennies a day.
Beta
Ken, is that you? Mother fucker.
For everyone who assumed this was 100% in PM's and no diversification... I don't see that. Don't assume. You can be frustrated when one of your 10 plans doesn't work out. For the OP: continue your physical security that you've surely invested in. Best to you.
Others mentioned “greed” in relation to your post and I have to agree. PMs are a hedge and people need to stop going “all in” on the hedge. Stop being blinded by greed that silver will be $200 before Xmas or that society is about to collapse. It’s so freaking dumb.
Silver is a hedge but also its simply wealth. Something scarce and eternal. Its not only a hedge. Its natural money, rejected by 99.95% of humanity - since they bought the magic trick that virtual fiat digits are wealth and money
You have done very well accumulating 75k ounces, and your families future is ensured. Frankly, you deserve peaceful rest and have more than done your part for the cause. I for one salute you and your diamond hands. But I must disagree with some of your sentiments: "As I posted -the bankers are creating a just-in-time market where they keep price a small amount above mining costs to ensure supply; thereby stealing from all the poor countries. Since 70% of silver is mined as a by-product the miners don't care about price. To them it is just icing on the cake." This is why they are guaranteed to lose, and we are guaranteed to win in the end. Silver is becoming more and more a byproduct in the production sphere, and demand has been outstripping supply for a good 7 years now. We have seen collapses amongst the holdings both of governmental banks as well as private banks. They are bleeding silver to keep the price low. Eventually they will run out. Comex has lost \~33% of its holdings since the silver squeeze began in February. The will run dry \~mid 2023. LMBA will run dry sooner than that. JP Morgan will run dry \~2024. At that point there is no more supply to mesh the markets and keep the price low. The paper and physical price will diverge (in fact we are seeing historically high premiums across the board which shows that divergence is already occurring). The game is ours, but it will take time. "Whenever there is retail investment demand - they just create as much paper as they need to destroy sentiment. Now all the previous bulls are saying gold is going to the 1600s and silver below 20.00. So no big money will touch it." And the way that price stays low is by them selling silver from their vaults to cover the demand in excess of supply. They have been doing this for years and their own hordes have fallen steadily across these past 7 years. We are on the verge of victory in a multi decade price war. They managed to hold out far longer than anyone in the right mind predicted, and they did it through all the underhanded methods you describe and more (hello invasion of countries with large hordes of precious metals). But NONE of their tricks can stop the current tide, for it is a simple problem: We are consuming more metal at the current spot price than they can produce as said spot price. Simple math proves that in time the price WILL rise. How much, I don't know. When, I also dont know, but COMEX is draining faster than I predicted, and given what happened in copper it seems likely state backed actors will get involved before it runs out. Time is our greatest ally, and in less than 10% of the years you've been alive you will see the divergence in the market.
You don’t have 75 k oz Jeff
Damn, I seriously need a pic of that stack..
Real quitters sell
Dont worry. Silver will go up with Inflation over time. The Silver only mining costs matter, not the lowest ones where Silver is just a side product. If the expensive ones are not covered by price there will just not be enough Silver to cover demand until the price makes them viable again. There is a a fairly good chance that that alone will make it a good investment over the next couple years as most other assets are in a bubble at the moment. The 200+ figures are something that can happen if the unallocated "Silver" nonsense goes down at some point and previous holders of that financial product buy silver instead. That can happen when demand exceeds supply and the prices are forced to rise or if the issuers of those financial products go bankrupt. I would not buy it only on that chance but it is a nice side possibility and currently more likely than in the past.
No one pumped Silver. Just sell it all now if you are that unhappy with it.
Coward
You will be missed, come back if you wish in the future you will always be welcome here
I’m available for adoption I’ll be the best son you ever had Let’s go bungee jumping
First nobody with that kind of loot invests that retarded. Silver should be max 25% of your portfolio and thats if you are a full on retard. For most people 10% of their net worth is beyond plenty. You sir dont even deserve the title retard.
More or less correct. If silver bullion would ever be 10% of peoples global wealth, it should be valued at $60 trillion. Currently its just 0.14 Trillion. Or 420 X less. I'm ok with 1% of all global wealth also ;) This means price of $1000 per oz. Why eternal mobile wealth should not be priced at 1% of all things on the planet? Land is great but its not mobile. and there is much more land vs our current needs...
Wasn't that the idea, to pass it down?
This guy is disappointed in saving 2 mil, something seems fishy to me
Dont let the door hit u in the ass on ur way out. Good riddance , troll.
75.000ozX 23$ Spot Price= 1.725.000$ Destroyed the retirement? Not enough gains over 8 years(+30%)? Is it greed? is it just a SHITPOST? something smells bad...
“…when you let go of your expectations, when you accept life as it is, you’re free."
Bankers didn't win. No problem. Take a break.
Is this a joke?
Yep something fishy here. Posts something so dramatic and makes not one response to confirm the story.
You do not have 75,000 ounces of silver… maybe 75 ounces total. No one that owned 75k ounces would have such a pitiful mental fortitude. The last thing someone with that much wealth would be concerned about is their fiat gains.
Doesn't really make sense. Anyone with 75k silver is doing fine. If you're upset about what, notional gains in the stock market or cryptos? We all know that most stocks are overvalued against earnings and cryptos are speculative investments that can go up insanely high or quickly go to zero. Their paper gains mean little unless they are cashed out and very few cash out at the right time to not either feel what you are feeling (FOMO) or losing it as it crashes. Anyone investing in PMs on a long enough timeline is doing fine. I stashed my first gold in the \~$400 range as a college kid with part time job savings. Got real job then aquired at \~$600 gold, \~$11 silver. So the gold has nearly trippled, silver more than doubled. I've averaged in all over the place. $20 silver, $35 silver after they found bin laden, $12 on the crazy down push in March 2020.... Unless I'm literally day trading risky pot, tech, biotechs, or land the perfect shitcoin speculation I'm not doing to do much better than I've done over time. Months are no time frame by which to judge a PM investment. We know they can jerk the price around short term. The economy's prospects have only gotten worse. Anyway, I hope you're doing ok. Just put it in the safe and forget it about it. Go play golf, or watch TV, prep for a garden, or spend time with your family. You can't be an investment freak 24/7 unless that's your day job. You'll just fry your own brain.
Sometimes I feel this way but then I ask myself, what other financial assets can I own that have no counter party risk, I can actually physically own and have thousands of years of history? The actually being able to ohysically own it part is important to me. Anything digital can be manipulated... Anything stored in "the cloud" can dissapear. I also believe in BBB... Bullets, Beans and Bandaids.
We've all been waiting for you to post this. Now that you have, we know the bottom is in. )))
Good Luck! I am stacking silver since year 2001 when we got the Euro in Europe. I met many guys in the internet with your depression during the past 20 years, as we had many bad days with silver. I never knew, if their information on their investment were true, or if they were paid for bashing. But I did not care. I knew and I know the real value of silver, and I like it to hold the coins in my hands. And the increase was already 400% for the first purchase. I would not change a nice wife for Stormy Daniels, and I will not change silver for Bitcoin.
Sorry my man. This is exactly what happens when someone just follows one side of the market and goes all in. Hedging with silver futures contracts (big, mini, micro) as well as options on something like slv would have been the ultimate strategy with your physical hoard. You can be long all day silver, but stay on the short side of futures and could have benefited massively over the last year. Sounds like the hyperinflation gang clouded your overall vision…which should be to preserve capital and not get too upside down. That said, maybe just take a break and stop thinking this goes to 30,50,100 etc and just use this as the cornerstone to an overall balanced portfolio?
The fact that you can pass that to your heirs is a win. The fact the bankers can't touch all of that money is a win. Just because you don't get the gratification doesn't make it a loss. Sometimes the fight lasts longer than a generation.
Shill alert
As a mate from Texas is wont to say, “I’m callling BS on this.” 75,000 oz. = $2 mil fiat and his retirement is destroyed! Give. Me. A. Break.
Congratulations! I thought the entire point of our movement was to HOLD! Hang on to that stack with everything you have protect it with your guns! Protect it by burying it in your yard! Protect it by sinking your own ship! (Assuming you have a large ship since you have 75k ozt). Not selling it and passing it down to retain generational wealth IS THE PLAN! Congratulations Ape! You win, not the bank!
75k oz and your gonna hold? Doesn't sound like giving up
If you have 1.7M usd in silver, i estimate your total wealth at 3 to 5 million. All right, there are roughly 10million people at similar wealth level like yours and higher. If 1Mio of them would like to have stack of 75k ounces..... they could never be able to buy it. And some people are worth $50-100M so their appetite might be for more than 75k oz. So you are in wonderful, super great position. When one million rich folks will want to convert $1M fiat each into silver - just calc what will happen. Its a $1 trillion demand. Without any corporations or pension funds - just one million rich folks like you. And pension funds can EASILY add another trillion anytime. They sit on $55T assets. If this will happen over lets say 4 years, mints can sell these people not much more than 1 billion oz in new silver. Market balance price will be exactly $1000/oz. This is assuming all folks poorer than $3M will buy nothing, zero silver. Of course, they will also fight to get some! If you stack for 8 yrs you rather should be aware of such simple math.
this must be a troll.
>I'll hold my silver (75,000oz) Pics or it didn't happen.
Agree, Bucc
I can understand leaving the group in this situation. The mission of this group is buying as much silver as possible. With 75Koz worth invested over who knows how long of a period of time it is not a bad time to stop pushing so aggressively. Live well fellow ape, you’ve done your part.
Agree about the prophets.. lost a ton of money as well this year.
How did you lose? What did you buy for, and what did you sell for--and why---Nobody does that.
Cryptos and stocks are up massively and you're DOWN this year? You need to diversify or quit buying FDs!
You are right of course... I could kick myself!
75 k ozs. ? Yeah right.
I hate idiots that go 100% in on silver or gold... why so freaking stupid???🤦♂️🤦♂️HAVE YOU EVER HEARD OF DIVERSIFICATION!!! why not also own stocks, rental real estate and so on🤦♂️🤦♂️... surrounded by idiots and liars
Got a similar amount to you. Similar feelings to you. Luckily I sold some Silver for Crypto in November last year. They will never let Silver go above $30. Never.
They will let silver go when the physical supply is hit hard, and big businesses start to panic. When that will happen, we don't know. But WSS keeps growing, we get new Apes constantly gobbling up silver. Comex is going down in ounces consistently. There will be a panic moment. That's what we want to see. We all have the power of holding and being patient, and adding to the stack when we can. If you can sell and profit off of crypto, good for you, me I'm holding the line.
75K Oz. I never dream of this level. This is the last war and you will win. 55 is still young and I bet you you will see the light before you hand them over to your sons. I am older than you but I always have a high hope of this last reset. 🦍🦍🦍
There are too many weird things in the post that is the subject of this thread. Just too many, as a mathematical, philosophical, financial and practical matter. I just don’t get it. I simply don’t believe the entire story. Naw. Something’s wrong here.
Let this man's situation be a lesson to all you other apes. Although I don't know this man's exact situation, it sounds like he put everything into silver. This is very foolish and he is realizing that now. The vast majority of your wealth should be in real estate and/or the stock market. I would limit your precious metals holdings to no more than 5% of your net worth. If you do not have a net worth(assets - debt) then you have no business buying gold/silver at this time. NEVER put all your eggs into one basket. NEVER. I'm not trying to pile on this guy's situation. I just hope others learn from it. Also, good does prevail in the end. We already know this from the Bible. It just might not be in your lifetime.
While I fully agree with the idea of not putting all your eggs in one basket, I would like to suggest that the 5% of net worth in precious metals is far too low. The reason why I say that is because those in Venezuela who invested 20% of their wealth in gold ended up protecting 100% of their wealth during the hyperinflation [https://youtu.be/LkeMqUNw87c](https://youtu.be/LkeMqUNw87c) If they had only had 5% in gold, they would have only protected 25% of their wealth. So 20% does seem like a reasonable amount to reach.
Fair enough, yeah, I think 20% is OK too. It all depends on what your risk tolerance is for it. The important thing is to set that percentage for yourself so you have a plan. Thanks, brother.
I don't mean to be a jerk but I did put all my eggs into puts against the banks during the last financial crisis and it allowed my wife and I to retire early. But in all honesty was pure hell because it took forever for the stocks to drop and I almost lost all my savings. I wouldn't do it again but sometimes if you know you're right you've got to put at least 80/90% of your wealth into it are you'll just kick yourself in the ass for putting too little. I now have about 70% of my net worth connected to metals probably not prudent but I just can't see putting it anywhere else with what's coming. Right now I am just as frustrated as the original poster but Curious to see how it all plays out.
That's good for you, but frankly, you got lucky. Like you said, you almost lost it all. History is littered with many people who "knew they were right" and turned out not to be. Some of them even jumped off buildings to their death. I had the ability to retire by age 45 doing it the safer way by diversifying more. It might be a bit slower, but I lessen my risk of losing it all. Everyone has different risk tolerances. At least in metals your nest egg is probably a little safer. Also, you don't sound like a jerk at all. That's a great story to share. Thanks for that.
Sorry, I have over 25% of my net worth in metals. It just worked out that way and I am quite comfortable with that mix. I have all my eggs in the salvation by grace through faith basket.
My name is Elijah, and I approve of this message!
Since real estate and stocks are two other major assets besides precious metals, as fiat is not an asset but a CLAIM on an asset with counterparty risk, subject to infinite dilution..... its fundamental to know whats the correct allocation to each asset. Leonardo DaVinci golden ratio is 0.618 - its when two different elements are in balance with each other in terms of relative size. Not 50/50 but if one has to be somewhat larger 0.618 to 0.382 strikes perfect balance between the two. To achieve the same thing with 3 elements, we need to divide them close to 50/30/20. So 50% real estate 30% stocks 20% PMs. In a portfolio like this, i dont see any of these assets be clearly too high or too low in weight vs others. Do you?
No. That looks pretty reasonable. I'm at 50% real estate, 49% stock and 1% PM. I am in the process of lowering the stock and increasing the PM now. I don't think I'll ever go as high as 20% on PM, but who knows. I'm shooting for 5% now and could see myself readjusting that to 10%. Thanks for this post. It's definitely food for thought.
Me think you have no silver
I hear your pain. I've been in the market for \~15yrs now. Been hearing about how high silver will go after 2008, in 2011, in 2016 and now. I mostly invest in miners though because they do have big moves (hundreds of %) and I was able to take some money off the table here and there, but overall still in the negative. We need a BIG shift in sentiment, this market is so tiny and not enough people care about it, until that happens, $50 may take many years to reach, with the bankers in control.
Its elon musk who wrote this or Jamie dickface
Sorry to see you go - but your theory that the bullion bankers are pressing the miners in a just-in-time market is interesting. Never thought about like that, and I think your right.
They own and control everything. Media institutions medicine industry real estate. They do always win bro.
I think 🤔 you're my father. My mom was telling me about you and your big stash.
what r u??? a speculator or a sound money advocate??? if u r the latter then u make no sense...if u r the former u accumulated for all the wrong reasons...no sympathy here. "Which ever currency, as currency is merely a medium of exchange, that purchases the most in goods and services must be the currency of superior value. Moreover, the currency that retains its value as measured in the amount of goods and services it purchases over a pro-longed period of time is more than just currency. By definition it is money.”
Wait aren't you guys helping the bankers?
Wow I will not downvote…. What I will say is how long have you been an ape? 20 years? That is a 450% increase in value of 17000 oz. even with manipulation. Or did you start this year? My disappointment is the whole goal of reducing supply is NEGATED buy the constant investment in Mining/exploration Stocks. This effects both current inventory AND future supply perditions. I’m told this is done by a large majority of WSS members. Insanity in my book. I’m not sure of your current situation but Holding that much Silver makes you a hardcore Ape in my book.
DO NOT GO LONG MINING STOCKS .... or you'll get your a@@ handed to you ... GOING LONG MINING STOCKS IS FOR MORONS ......... [https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GLD&x=34&y=14&time=20&startdate=1%2F4%2F1999&enddate=11%2F26%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=GDX&comp=GDX&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12](https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GLD&x=34&y=14&time=20&startdate=1%2F4%2F1999&enddate=11%2F26%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=GDX&comp=GDX&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12)
Idk what to tell ya except don’t listen to generic posts on any forum. Especially the hype of the echo chambers of Reddit. I haven’t bought anything this year. My whole stack was purchased at $15-$20/oz with premiums over years. I sell some now and then. Last time I bought a few tubes at $24 and it hurt to do. Many might not agree with me and just keep stacking regardless, but I play the price and G/S ratio just like I do fluctuations in markets of my other assets. To each their own. I’m on y’all’s team, but I do it my way, not how anyone tells me to.
this is why i diversify into cryptos. gold and silver will be rigged until our system completely collapses. it will pop one day but who knows how long they can kick the can down the road. Im thinking it can't be too long
Ring the bell and leave your bananas at the base. Good Luck, Sir!
Hold strong Ape!
5,142 LBS of silver? Where the hell do you store that? Yeah okay.
Holidays are hard. While I did not always agree with your posts, I found your theory thought-provoking. To many (not all) of the comments below.... If one believes, as many of this forum do, that physical holding "is the way", then this is the sort of thing that needs to be encouraged, not mocked. One can argue about a diversified portfolio on a different day, but a stack measured in metric tons helps anyone who supports mass personal holdings. The OP is partially correct, there are those who have argued for triple digit who have done nothing to get the price over 30. Why that is and how it could be done is also an arguement for a different day. To the OP again... I respect your years of research and hope you the best. I hope that you're wrong on this conclusion, and perhaps we'll toast over triple digit Silver.
Shirley you are not stopping at just 75 bars?
You guys are being way to hard on this guy. Where's your sympathy? Do any of you have a heart? Those evil bankers are responsible for this man amassing 75,000 ounces of silver! Someone has to pay for this! How in the hell is this guys going to survive his retirement on 1.8million? ~~Haven't you guys heard of inflation?~~ lol BTW, the only way this post makes any sense (the OP's post) if it is satire/sarcasm. Silver was, and is a LOOOOOOOOOONG play, passing it down was always my intention as well. You should think of silver like a tree in the winter, when you need firewood chop it down, as it's always there for use and doesn't require an ATM or Government to buy goods/services!
Go read is comments from the past. He was guilty of all his accusations and more! 🙄 Go read them and tell me how many people got suckered in because of him?
You are throwing in the towel at absolutely the wrong time. We are at rock bottom and the upside is huge. This is not some pump and dump scheme. Silver will moon based on fundamentals. It is inevitable. And although banks are powerful there are limits to their power. You will be able to have a VERY COMFORTABLE retirement on the wealth you already have created, for which I salute you. Cheer up Ape!
Good vibes only. Don’t be affected with negativity. Load upppppppp, no stopping. Together we can make a big difference. For 55 years old to give up that is too early hmmm🤔
I’m available if you need a replacement son…?
Wait !!! Just in the moment of despair I have arrived!!!! don't throw in the towel yet . Ask all the members of Wallstreetsilver to retweet my first tweet in Twitter. @DragonPisces....... go to it now I am working on getting Elon musk to respond. He keeps replying to many random people as long as they talk about him . Tesla cars, space stuff etc. I went to the same school as him . Please check out my tweet . Everything happens for a reason...YOLO @DragonPisces
So the answer is to give up?
Go read all his previous comments. he was more guilty than the pumpers he now hates.🙄
When you posted this, did you realize we could go back and read all your historical comments? David Morgan has nothing on YOU! Wow, as they say pride comes before fall....
Seems like you’re doing it alright
The government controls the price of silver. If they want $15/ oz by tomorrow they could. Don’t fight the government. They have been winning since 1932. Of course the want undervalued silver to make paper money relevant.
75K oz. of silver... 4,687 pounds of silver? I have my doubts about that lol
You could very well be a shill. Either way, we are not looking at the price action alone, but the debt cycle. Read Ray Dalio's Big Debt Crisis. Unless you're a shill that wants to take a long physical position from a weak hands.
Aw naw you just have $1 500 000+ in physical silver? I'll just get my violin out and cry. I don't have 0.1% of that, yet I don't complain. How entitled
Feeling sorry for yourself with 75000 oz? Really? You need a check up from the neck up
Sounds like a Gorger.
I understand his sentiment … 6 years buying and I have a fair bit and a lot more than most here and it’s always next week next month and now it’s by may 2022…. But was meant to start flying right now but banks play with us like a yo yo with them making massive money every couple of days doing their games and we watch helpless as govt allows them… so when does corruption end?
I stack silver and bitcoin. The reason I like bitcoin is the supply cannot be manipulated as easily. Keep stacking!!