Is 100oz Silver Enough?

[KevinFlynn]

1 hour ago, Mothballjim said:

...

 it’s become a bit of an addiction! 😳

...

We'd never noticed... 😎

 

 

🤣

[365DaysofSilver]

*Update*

I’ve just hit 365oz of silver & 6oz of gold. I think my next goal will be to aim for 10oz gold, whilst still adding a couple of oz silver here & there. 

I never knew how addictive this shiny stuff would become! 🤦🏻‍♂️

[Colnago]

On 18/09/2021 at 10:01, stefffana said:

Hi, and welcome!

I think you did very well 100oz silver in 6-9 month. Well done!🤗

100oz silver are not enough for your retirement.

For long term run, you need to be very consistent with your stacking. Try to set up in your monthly budget a certain percent for precious metals and buy more. But not only silver. And at the lowest premium possible, easy to sell when the time will come.

I don't know your monthly income, but if is a decent one you can spend every month 15-20% for gold and silver.

Example:

£2500 after taxes x 20% = £500 for precious metals per month.

£500 = 1 gold sovereign (£325) + 7oz silver (7  x  £25 = £175) monthly.

In one year you can add to your stack 12 sovereigns (87.84g equivalent pure gold) and minimum 84oz silver.

I don't know how old are you, but if your keeping expectation is 25 years, in your retirement pot can be 300 sovereigns (2196g equivalent pure gold) and @ 70kg silver. I can not predict a future price for gold and silver, but I am sure that will be a happy end comparing with bank savings account or NEST retirement pot.

Happy stacking, my friend!🤗

Stefan.

 

 

 

Stefan can I buy 10 Sovs from you for £325 each 🤠

[MonkeysUncle]

On 21/09/2022 at 07:47, Mothballjim said:

*Update*

I’ve just hit 365oz of silver & 6oz of gold. I think my next goal will be to aim for 10oz gold, whilst still adding a couple of oz silver here & there. 

I never knew how addictive this shiny stuff would become! 🤦🏻‍♂️

Just spread the 365 oz out evenly under bedroom floorboards, you don't want it unexpectedly putting in appearance in t'living room!

[Silverlocks]

I think this question depends on how you want to exit Silver.  My impressions here is that the capacity for channels to sell such as The Silver Forum is limited.  You could offload a few kg relatively quickly but bigger quantities present liquidity problems unless you go for an offshore vaulting approach or some other investment medium such as ETFs.

So far, if you need to rely on retail liquidity my conclusion is that it's potentially worth holding up to a few hundred ounces of silver, perhaps as much as 1,000 oz or so, but around these levels you're at the edge of what can be shifted quickly through forums available to ordinary plebs such as thee or me.

At a larger scale, gold is much more liquid.

 

[HerefordBullyun]

4 hours ago, MonkeysUncle said:

Just spread the 365 oz out evenly under bedroom floorboards, you don't want it unexpectedly putting in appearance in t'living room!

Or you can store it for free on HMS Bullyun, tis a holy boat though!

[365DaysofSilver]

On 22/09/2022 at 19:32, Silverlocks said:

I think this question depends on how you want to exit Silver.  My impressions here is that the capacity for channels to sell such as The Silver Forum is limited.  You could offload a few kg relatively quickly but bigger quantities present liquidity problems unless you go for an offshore vaulting approach or some other investment medium such as ETFs.

So far, if you need to rely on retail liquidity my conclusion is that it's potentially worth holding up to a few hundred ounces of silver, perhaps as much as 1,000 oz or so, but around these levels you're at the edge of what can be shifted quickly through forums available to ordinary plebs such as thee or me.

At a larger scale, gold is much more liquid.

 

Some interesting points. Personally I would never invest in silver ETFs unless I was holding for the very short term, ie. 6 months. 

The whole point of investing in silver for me, is the fact it’s physical and can’t be hacked/tracked easily. 

I made a YouTube video a while back about silver ETFs, let me know what you think..

 

Edited September 22, 2023 by 365DaysofSilver

[MonkeysUncle]

Whilst I have grumbled quite a bit about silver of late, I still hold quite a bit of the stuff I bought without VAT. VAT is a total no no for me, an investment killer. Although I gave in to urge and acquired what Mr Chard would class as a doorstop of 1kg Queens Beast Completers. Like a siren they called to me...

Anyhow, all this talk of ETFs. I have a reasonable wedge of my pension in the fund I'm linking below. One to consider possibly I would suggest:

https://www.wisdomtree.eu/en-gb/products/ucits-etfs-unleveraged-etps/commodities/wisdomtree-physical-silver#

I also hold it's sister gold fund.

The point with these two is the fund has the physical metal, it's not paper pretend metal like so many metal funds.

Disclaimer: I'm not a financial adviser, just a very naughty boy. If you want financial advise stick your money in HMS Bullyn, but preferably in a water proof bag

 

[HerefordBullyun]

2 minutes ago, MonkeysUncle said:

If you want financial advise stick your money in HMS Bullyn, but preferably in a water proof bag

 

No waterproof bags necessary just dont expect to see the articles for a while will be safe though!

[365DaysofSilver]

On 17/09/2021 at 20:31, 365DaysofSilver said:

Hello everyone 👋🏻 

I’m fairly new to stacking precious metals. I only started this year (2021). 

I’ve just reached my target of 100oz of silver & my question is…

Is this enough or should I continue to add each year? My plan was to reach 100oz and then lock it all away and sit back.

Thanks in advance for your replies!

Well.. this plan completely went out the window! It’s 2 years later & I have 1000 oz+ now 😅

[SidS]

On 22/09/2023 at 04:36, 365DaysofSilver said:

Well.. this plan completely went out the window! It’s 2 years later & I have 1000 oz+ now 😅

You've fallen and fallen hard my friend! 😁 Smitten with shiny silver.

I've been stacking 23 years and still haven't got to 1000 oz yet. 🙂

[SidS]

On 22/09/2022 at 19:32, Silverlocks said:

...it's potentially worth holding up to a few hundred ounces of silver, perhaps as much as 1,000 oz or so, but around these levels you're at the edge of what can be shifted quickly...

At a larger scale, gold is much more liquid.

 

I agree gold is the way to go.

My absolute cut off point for silver would be 1200 oz, which equates to exactly 100 lb/t. A nice round number. Although, I'm nowhere near that, not sure I'd actually go that far tbh... I certainly wouldn't exceed it for the reasons you state above.