To stack or not to stack?

[Longjon]

I was wondering how everyone feels at the moment regarding buying/stacking. With the war in Ukraine and inflation driving up the price of precious metals (among other things!)at the beginning of the year, is 2022 going to see a downward trend in the price of gold and silver?. 

 

[TheShinyStuff]

5 minutes ago, Longjon said:

I was wondering how everyone feels at the moment regarding buying/stacking. With the war in Ukraine and inflation driving up the price of precious metals (among other things!)at the beginning of the year, is 2022 going to see a downward trend in the price of gold and silver?. 

 

If you get a definitive answer to this question then please let us know!😀

[Longjon]

No psychics on here then? 😂 I was more wondering how people feel at the moment. 

[goldmember44]

I'm bullish on the price of precious metals, mainly the "money" ones like gold and silver. Platinum and palladium, a bit more tricky. Could go either way.

However, I think one needs to balance your metal buying with your ability to maintain yourself with enough cash and food/supplies for an emergency. And, since a very inflationary situation is made worse by sanctions and a dramatic reduction in global trade, it would be wise to stock up on non-perishable food while the prices are still affordable. The price of food may go up more than the price of precious metals.

[Gordy]

50 minutes ago, Longjon said:

No psychics on here then? 😂 I was more wondering how people feel at the moment. 

its just about patience Jon, the prices spiked during covid too and settled down, gold under £1300 and silver at one point was £16.00 

[Longjon]

I’m caught somewhere between waiting to see if the prices drop, and itching to buy something. 

[James32]

11 minutes ago, Longjon said:

I’m caught somewhere between waiting to see if the prices drop, and itching to buy something. 

Buy now....if price drops buy again, all about the long game and cost averaging. 

 

[flyingveepixie]

1 hour ago, Longjon said:

I’m caught somewhere between waiting to see if the prices drop, and itching to buy something. 

Personally I don't see the prices dropping much and I'm very much in favour of the concept of removing as much of your wealth as is manageable from the fiat system because I don't trust it an inch, but that's just my own opinion and I might be completely wrong..🧐

Good advice given above by @goldmember44 about stacking non perishable foodstuffs and which I agree with wholeheartedly.  I offered the very same advice to a rather naive friend of mine just this morning as there will be undoubted knock on effects from the war in Ukraine which may not be felt until next winter.

And of course there is all the rest of the worldwide BS going on....the threat of CBDC's, the ongoing covid hysteria which the vested interests of 'the they'  are doing their level best to ramp up again and seemingly succeeding from the number of mask wearers I saw in Lidl this morning,  big lockdown currently in China and nothing is being exported because they're all locked up in their little boxes...   Lots of other stuff : WEF shenanigans, (and doesn't that Lagarde character who got caught with her hand in the till that time look like a bloody alien!) FED shenanigans, BOE shenanigans, crooked politician shenanigans.  It goes on and on...

Bottom line..?  Look at the bigger picture, do some of your own extrapolation and analysis, and make a decision. It's all you can do..

And just a wee quick edit as an example : Last year about this time you could buy 3x boxes of 40 sachets of cat food for £22.00 in Farmfoods.  Yesterday you could buy 2x40 sachets of cat food in the same shop for £21.00. 

  That's a price hike of 30% in a single year!

Edited April 22, 2022 by flyingveepixie

[FourNinesFine]

I've only been in the game for about 3 weeks so I've only ever known these prices. That said, I know there's a lot to be said for cost avereging, so as I'm in for the long haul, I'm fairly bullish about it as a long-term plan. 

For me, if I break even in 20 years time, that will still be a win. My 'wealth' will be outside of the system and even if the spot price is at parity with now, I expect that I'll feel like a winner from an inflationary point of view. Anything above that, even better.

The other thing front of mind for me right now is the Gold : Silver ratio. It sits at c.80 currently. So hypothetically speaking, even I can work out that if I buy into a stack of 80ozt silver now and the ratio moves to 50. I can cash in for 1ozt gold and retain 30ozt silver. That doesn't seem so far-fetched.

All things considered then, I'll continue stacking - gold for the long term and silver based on the ratio numbers.

But that's just me. And even my kids know to ignore what I have to say. 

[Longjon]

Those are all really valid points, and such a great response. 
thanks. 
  I am quite new to stacking as well so I’m interested in the long haul and keeping my money out of the system so the averaging point makes sense. Plus I’m thinking off off loading my bars and replacing them with bullion coins so I suppose it’s swings and roundabouts as far as the current price goes.  

[TheShinyStuff]

1 hour ago, flyingveepixie said:

 

And just a wee quick edit as an example : Last year about this time you could buy 3x boxes of 40 sachets of cat food for £22.00 in Farmfoods.  Yesterday you could buy 2x40 sachets of cat food in the same shop for £21.00. 

  That's a price hike of 30% in a single year!

Time to eat your cat...

[flyingveepixie]

3 minutes ago, TheShinyStuff said:

Time to eat your cat...

I have considered it...😈

[Roy]

2 hours ago, FourNinesFine said:

The other thing front of mind for me right now is the Gold : Silver ratio. It sits at c.80 currently. So hypothetically speaking, even I can work out that if I buy into a stack of 80ozt silver now and the ratio moves to 50. I can cash in for 1ozt gold and retain 30ozt silver. That doesn't seem so far-fetched.

Hypothetically, yes.

I'm still not sure if that's possible in reality....although I believe @Darr3nG once pulled it off?

I think all the stars have to be aligned and a black cat must cross your path first 😋

 

Edited April 22, 2022 by Roy
Tagged wrong Darren 😁

[flyingveepixie]

2 minutes ago, Roy said:

Hypothetically, yes.

I'm still not sure if that's possible in reality....although I believe @Darren once pulled it off?

I think all the stars have to be aligned and a black cat must cross your path first 😋

 

As long as you haven't eaten it first because of the price of bloody cat food..  🤣

[Darr3nG]

5 minutes ago, Roy said:

I believe @Darr3nG once pulled it off?

I did indeed, but didn't use the Spot Price Gold:Silver ratio, I went with a more realistic ratio based on TSF Buy&Sell prices - I still track it now, for any big swings.

I can't remember the final numbers, but I believe I was swapping full sovs for ~20oz silver, and soon after was trading back at about 15oz silver for a sov... Good times!  

[Bigmarc]

6 hours ago, Longjon said:

I was wondering how everyone feels at the moment regarding buying/stacking. With the war in Ukraine and inflation driving up the price of precious metals (among other things!)at the beginning of the year, is 2022 going to see a downward trend in the price of gold and silver?. 

 

Just stacking cash at the moment and concentrating on a few other money making hobbies for future purchases. It's not that I think the price is too high but as you say, uncertain times and also coming from the perspective that I am happy (ish) with what I have got.

[Guest]

I haven't purchased big quantities of bullion but I have continued to purchase coins from the many different series I am collecting.  If I don't do that, I find the cost to be too high once they are sold out.  Why am I collecting these series for which a local coin shop would only give me melt price?  I don't know, for fun I guess.  God willing, I have no plans to sell them anyway.

Edited April 22, 2022 by HappyHippo
Typo

[James32]

11 minutes ago, HappyHippo said:

I haven't purchased big quantities of bullion but I have continued to purchase coins from the many different series I am collecting.  If I don't do that, I find the cost to be too high once they are sold out.  Why am I collecting these series for which a local coin shop would only give me melt price?  I don't know, for fun I guess.  God willing, I have no plans to sell them anyway.

Great point, if this hobby/addiction was solely about money,we'd all be sitting with bags of silver shot/grain or older scrap coinage. 

You have to enjoy the journey as it will hopefully be a long and fruitful one.

[Gordy]

Just now, James32 said:

Great point, if this hobby/addiction was solely about money,we'd all be sitting with bags of silver shot/grain or older scrap coinage. 

You have to enjoy the journey as it will hopefully be a long and fruitful one.

you could buy this, its nearly finished so you might get lucky 😂

https://www.ebay.co.uk/itm/154950609754

[James32]

1 minute ago, Gordy said:

you could buy this, its nearly finished so you might get lucky 😂

https://www.ebay.co.uk/itm/154950609754

Why would that idiot ruin a relatively decent feedback rating for £1498 profit 🤣

[Guest]

3 minutes ago, Gordy said:

you could buy this, its nearly finished so you might get lucky 😂

I think I'll pass.  I don't even know what that is.  Not sure I've ever seen such blurry pictures for something at £1500.

[Gordy]

2 minutes ago, HappyHippo said:

I think I'll pass.  I don't even know what that is.  Not sure I've ever seen such blurry pictures for something at £1500.

its a circulation £2.00 coin, might get you a happy meal if you add 50p to it!!!! 

[James32]

2 minutes ago, HappyHippo said:

I think I'll pass.  I don't even know what that is.  Not sure I've ever seen such blurry pictures for something at £1500.

It's literally a £2 British coin ( non precious metal)  someone is in chancery mode lol.

[Guest]

In the US, we have gold dollar coins in circulation.  How many do you need?  They are on sale for only $100.

[Guest]

I wonder, is there any modern non-precious metal US coin from US that people in UK would want?  I was on a cruise with a retired couple as our dining mates.  He didn't believe the US had $2 bills.  I sent him one when I got home.  About 30 days later, he sent me a very colorful Australian $10 bill.

Edited April 22, 2022 by HappyHippo