I'm going to put the wine glass down, and talk about something important here. I have been reading about the Cyber Attack on the Ukraine today, and feel this is a good time. I will start by saying that I am new to Crypto Currencies. In fact, I only own Steem, and that's just because of Steemit. I am a normal Stock Market guy, and a Precious Metals holder. I do Believe in the future of Cryptos, but do not like some ideas about them. The main thing I don't like is that I can't hold them in my hand. I think that comes from years of stacking silver and gold, and realizing the value is tangible. It's right there in my hand!
The Cyber Attacks , in my opinion, won't stop. In fact, they are only going to get worse. Banks and even a grocery store have been hit today, two of the most used places in the world . So much of today's economy rides the cyber wave. If something terrible were to happen, this situation could prove to be an epic tragedy. I am not a doom and gloom person, but I do believe in being prepared. I add to my stack of silver often, at least once a month. I do have gold as well, but silver is very undervalued right now, compared to gold. I do plan on buying into Cryptos, and like I said, I do believe they will have a place in the future.
Precious metals, and any cash you have, provide a nice insurance to a scenario where you can't access money from you bank or credit/debit cards. If it comes down to it, a trade can always be done. You could also sell a few ounce of silver to a coin/metals shop to get enough cash to help. There is a need for tangible assets in everyone's life. No matter if you are rich or poor. Silver is currently trading for around $16.75 per ounce USD. The next time you get your paycheck, or power down some of your Steem, please consider buying a 1 ounce round, just to get you started. You can get on for right around $19, depending on the premium of the silver that you get.
You don't even have to buy a full ounce, you can buy "fractional" silver as well. These tend to have a higher premium than full 1 ounce silver pieces. Also, there are many older silver coins that can be bought. In the US, any dime, quarter, half dollar, or dollar coins was made of 90% silver. It is often called "junk" silver, or Constitutional Coinage. Be careful though, fractional silver tends to be more expensive than full 1 ounce pieces.
I tend to stick with "generic" silver. There is nothing special about it, just good metal. I like to get as much metal for the money. I do have some old silver bars, but were bought on a good deal. I also have some Silver Eagles, and a few other more collectible silver pieces. I just like to get as much as possible, so I stick with the cheap stuff.
Once you feel the weight, see the shine, and understand the value, you will know what real money is!
Thanks for reading!
Hii @thewineman i saw you post and i enjoyed reading it, could you please have a look on my daily analysis for Gold and give me your opinion. https://steemit.com/gold/@ohamdache/6mwd5y-midday-update-of-gold-28-06-2017
Well said. I kind of wish I had known about stacking for longer as I could of saved so much more money had I invested small amounts over time. Atleast I'm stackin' now! :D
I first found out about stacking when gold was sub $400, and silver was a 5 dollar bill. Really wish I had been smart enough to "get it" back then. I feel your pain. Keep stacking, and you will eventually forget that you didn't know about it! :) thanks for reading!
hi
Precious metals are the best Saving and investment, already bought few years ago some Gold gr. still now it is Gold.
I love that I stack, I prefer it over anything.
WHOA!!! Is that real??
They are real. I own some.
I gotta get me one of those! I'm sure the premium is high!? I'm getting on google now... LOL!
They are very hard to come by these days. The guy no longer makes them.
I see that, I'm going to look into some others. That Titan Gold coin looks cool. Unfortunately out of stock... :( Thanks for the heads up on the physical BTC, that's definitely more up my alley!
The coin itself is worth nothing. You can take any amount of Bitcoin offline. The private key can be in your mind or printed out on any physical device. Whether it is worth $1 or 1 million is up to you. It is generally called a paper wallet.
Don't put the wine glass down my friend. The most serious conversations are usually happening with a glass in hand; I guess that just like gold and silver this has been a constant throughout the ages.
I must admit, I'm not a precious metals guy; I always understood that they keep their value but never got into them.
If I'll ever have a significant amount of disposable income I might though. For me, land is what I'm striving for and what I see as the most valuable thing there is.
Now is a good time to start buying, IMO. You don;t even need a lot of cash. A mere 12 pack of good brew worth of money... :) Land is next on my list, but I want it to be out away from town. That is the dream anyway. Thanks for the comment!
Agree. Still hard to get past Monopoly money mindset with cryptos. My plan is to diversify diversify diversify. My gut tells me we are going to need precious metals and crypto. But I like the short term volitility to build cryptos into silver.
It really is hard to get past the mindset. I can see it though, but I have to squint... The volatility in the crypto world is pretty insane, and can definitely be used to the advantage! I like that you put it some of it back into silver.
A nice portfolio of silver you have there. You have brought up an interesting point and would be wise to take note.
Just a little wisdom from someone who has been up and down. I prefer the ups... :)
@anothervoice of the steemsilvergold community was here up voted and followed.
Thank you! I just found out that there was a pretty solid PM community here, glad I did.
Indeed there is, Welcome to the neighborhood.
Nice post! I couldn't agree with you more about physical silver. The really switched on, smart people I know are buying at these prices. Look at the gold to silver ratio. At 75 or higher silver is dirt cheap in comparison to gold historically. The ratio to gold to get it out the ground is closer to 10/1, so the potential for a big move up in silver is in the cards. We need the gold to silver ratio to fall back below 60 to signal the new bull market is well underway where both metals are moving up together lead by silver of course!
Great article. I think our passions on this elemental metal align, plus probably so does our wines! Added you.
Good advice. Thank you.
Steemit is definitely a good place for us goldbugs to start our journey with cryptocurrency.
Hmmmm you now got me thinking @thewineman, and it's funny because last week we had a power outage and I was looking at my credit card on the kitchen bench top and thought to myself, we are doomed without power / technology to process the transaction and I don't even have physical cash anymore.
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thanks, nice post. followed. you should consider joining steemsilvergold: https://steemit.com/steemsilvergold/@hgmsilvergold/announcement-steemit-s-gold-and-silver-community-is-growing#@ohamdache/re-hgmsilvergold-announcement-steemit-s-gold-and-silver-community-is-growing-20170628t115518248z
Wise words and I follow the same methods excluding stocks. If you look at history it can help you financially much better than hearing the latest asset pumping by pundits on TV or online.
Good post. I'm also intrigued by cryptos but I dont trust technology or the fact I could easily lose my keys and then my money. New follower. I just joined aswell, I'm a stacker/coin collector. Cheers
We seem to be on the same page... I love being able to hold onto the physical metals of Gold and Silver... I also like Pocket Change if you've ever read some of my posts... You mentioned higher premiums on the smaller rounds... What would be the premium on an ordinary dime you find in your pocket change...??? What, no premium... Think about that for a while, then go read some of my posts dealing with Common Coinage...
@pocketechange