My Long-Term Silver Stacking Goal
So clearly in Hawaii's cost of living is really very high. EXAMPLE : $300,ooo family home in the mainland is 3-5 bedroom, 2 bathroom, 2-4 car parking area and a big nice yard, 2 story home. $300,000 in hawaii will give you a piece of shit one bedroom, one bath, and one parking, townhouse or condo/apartment. RENT average in mainland is $500-$800 for a one bedroom. As for hawaii and damn STUDIO is $1100-1300. I'm currently paying $1400 for a one bedroom (place is GHETTO AS FUCK). YES BELIEVE it or NOT! SEE IT FOR YOURSELF.
My point here is I make $56,000 a/year with a full time job and a part-time job added together. With my income here in HAWAII. I could only afford rent of $1400 a month excluding utilities, bills, food, car, everyday living ETC....pretty much living month to month paychecks. My future GOAL is to be able to buy a nice decent 3 BEDROOM FAMILY HOME IN HAWAII which ranages $500,000-$700,000. So do that math with my income. THERE IS NO POSSIBLE WAY JUST WORKING 2 JOBS (((HOLDING CASH TO BUY A PLACE )))that I'll pay off my home when I retire at age 60 (30 year loan for a home). So I have to look into cutting that amount of time and money more than half. To do that I have to increase my cash-flow, and assests. I Believe that investing will do that for me. I investing in alot of stocks and bonds, but more of precious metals because I believe withing 3-7 years I'll be able to do that with SILVER (((IF ALL THE RESEARCH, VIDEOS, BOOKS, HISTORY, STUDIES, AND WHAT ALOT OF INVESTORS LOOK AT AND BELIEVE IN))) ALL COMES TRUE????AND WE WILL SEE?
MY GOAL IS TO GAIN OVER A MINIMUM OF 500OZ OF SILVER AND JUST IMAGINE A ($1000 PER OZ OF SILVER) WOULD BE. I'M NOT SAYING IT MAY HAPPEN OR NOT, BUT WHAT AN OPPURTUNITY THAT WOULD BE. MY LIFES GOAL AND DREAM WOULD COME TRUE. AGAIN I'M FREE TO OPEN UP TO ANY ASSETS OUT THERE AND I WANT TO LEARN. ENJOY MY VIDEO ALOHA!!!!
You're right it's just not doable with employed jobs.
I think a long the same lines re silver.
Trouble is that in the UK the government is very much anti silver & gold. To buy silver we have to pay VAT on it which equates to an extra 20% on top of the price. Also only UK government minted coins are exempt from capital gains tax. It therefore restricts what I can buy (I'd love to buy bars but not worth it from a tax saving perspective)
That is awful that daszecher (VAT) - how backward is the West? Asian nations are encouraging citizens to buy and hoard gold and silver whilst the west want to make it too expensive to possess. This would be part of the reason for the massive wealth shift from West to East. SK.
I never thought about that! You're completely right. What a perfect way to discourage people from buying precious metals!!!
I bet they change the rules on capital gains tax too when the time comes for the price of silver to go higher!!!
You bet they will, only by then it will be too late. The latest talk is a move to an International Monetary Fund (IMF) Special Drawing Right (SDR). The IMF has heaps of gold, and they are jumping into bed with China and Russia who also have plenty of gold - so we might see a gold backed SDR. If your not holding gold (silver will follow) before this... you won't be. SK
Interesting!
I do hold a small amount but think that silver has more upside. However, I'd sell mining shares before I'd even consider selling the physical stuff!!!
Yes physical all the way man
I know is sucks buying silver in UK huh? I can imagine it, its like buys spot price 1.5x...atleast we're investing in something tryna get out of the fiat currency.
True.
Maybe I should buy some silver from the states, see if I can sneak it in!!
Do it homie
I don't think you'll get in trouble for and there's no reason u should get busted
I would agree. Saving silver is a great plan as what make silver different than gold is that silver is consumed. Meaning there will always be a demand for it as it's used in almost all electronics. It can only go up in value. I believe it is worth more than gold as it is being suppressed by the BIG banks. For every ounce of silver there are 100 contracts on it. Meaning if everyone demanded their paper holding be turned into silver there wouldn't be enough to go around. Then what happens?
Everyone is gonna get into the rat race when prices go up by then when silver gets into a bubble we smart guys that stacked earlier will look at the next biggest investment !!!!
Good story hisilverstacker - Hawaii isn't the first Island (or city/town) that has become too expensive for the locals to continue to live. I feel your pain here. However, the good news is that a reset is due which will include a new gold / silver backed dollar. I have no doubt that the minuscule $40 billion in silver on the entire planet will need to help gold account for all the debt ever issued - how many trillion is that now?? US Government alone is over 20. Good times ahead for all us stackers. SirKnight.
Yes sire and thank you for that comment. not only that everything is in a bubble. Also housing so hopefully us stackers will have a big oppurtunity for wealth.
Greetings fellow stacker! That green monster box tells me you're a true believer like me. However, a couple months ago, I became really discouraged with the bankster silver manipulation and found myself stranded out here on crypto island. It's nice here. Not sure if I'll ever find my way back though..
hahhahaa you can do both the same time...I'm just trying to diversify...its just silver is my foundation into investing and really became a part of my life
I think the metals will be in a bubble before they stabilize ... exciting times no doubt !
Hell yah I'm very excited and feel like it's soon comming up
Hold on brother, silver will soon take off once the manipulation ends. I really think this summer will be the sun shine silver has been waiting for. nice post and stack
What makes you think it's this summer...just wonder just want to hear any news and knowledge out there?
Nice plan.... If Bitcoin can go to $2500, then to me silver can match that and more when silver and gold gets unshackle. To me, countries, banks, elites didn't consistently broke purchasing records, stock piling of silver and gold months after months after years, still to this day while prices are low for no reason. Whats that old saying.... Oooh yeah, buy low & sell high... Just saying.... 🤠
Ooh yeah, to my knowledge they are buying hard assets while low not Bitcoin but the population is buying crypto currency? Media talks about crypto currency but not hard assets... Interesting....😇😎😇😎😉
Nice post hisilverstacker
Im pretty new here. I make weekly silver calls every sunday with updates during the week for peopel using leverage accounts to trade. I give specific SL, TP and entry for you to follow.
Check it out my brave silver soldiers if youre interested!
Cheers
Thanks for stopping by I sure will check it out
I wish you all the best amigo....
I have followed everyone that has commented as i am wanting to learn as much from the metals community as possible.
Myself as well too I'd like to learn more and teach as well
Good luck, amigo
That is admirable
I like your plan!
thank you
Good plan, investing will give you a chance to achieve that. When assets correct to fair value, probably housing will decrease in dollar terms; while silver will increase in dollar terms. You'd be able to buy your house and still have silver to spare.
Hahaa I really hope so my friend
nice stack keep it going
with the phyz followed
Nice man yeah stack your coins up Upvoted looking forward on seeing you steem things up stop by my last post and help spread the steem!
https://steemit.com/life/@adriansky/blue-angels-of-san-francisco-video-and-film-series
Thank you
The cost to mine silver as by-product is 6 USD, so silver 1000 USD will never happen as anyone can just mine it for 6 USD.
As long as it sky rockets more than $50 like it last did....which makes it still a great investment
The goal of everyone is to reach 50 USD to liquidate, don't hope too much for 50 neither. 20 to 25 why not.