What's going on with silver?

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: What's going on with silver?

Post by dualstow » Mon Sep 17, 2018 8:31 am

ochotona wrote:
Mon Sep 17, 2018 7:41 am
So if I got a monster box of silver, and hid it in my attic, how could I armor it so that it could withstand a fire? What kind of container would I have to put it into? What is the UL designation or whatever of such a box? Could I make one? Silver melts at 1763 deg F.

Would a broken mini-refrigerator that no one wants be a place to start?

{Genuine green monster box from the United States Mint. Dimensions are: 14.75" x 8.5" x 4.5". Holds up to 25 tubes for Silver Eagle coins.}
Never mind where silver melts. You don't want the plastic box melting all over it, right?
I feel like I read very recently that someone suggested a fireproof box inside a safe. I think that's what I would do.
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Re: What's going on with silver?

Post by ochotona » Mon Sep 17, 2018 8:55 am

No basement. House on slab.
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Re: What's going on with silver?

Post by dualstow » Mon Sep 17, 2018 8:58 am

Can you store it at that cool place you posted pics of? The place where you bought gold in the past?
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Re: What's going on with silver?

Post by ochotona » Mon Sep 17, 2018 9:56 am

dualstow wrote:
Mon Sep 17, 2018 8:58 am
Can you store it at that cool place you posted pics of? The place where you bought gold in the past?
Oh, my safe deposit box at Chappell Hill Bank? Yeah, well, they ran out of big boxes, there is no room in my small box for bulky silver, and I can't upgrade to another box... I guess I could get another box at another institution, though. Yeah, for a few bucks a year, maybe I should do that.
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Re: What's going on with silver?

Post by Ad Orientem » Mon Sep 17, 2018 10:12 am

ochotona wrote:
Mon Sep 17, 2018 9:56 am
dualstow wrote:
Mon Sep 17, 2018 8:58 am
Can you store it at that cool place you posted pics of? The place where you bought gold in the past?
Oh, my safe deposit box at Chappell Hill Bank? Yeah, well, they ran out of big boxes, there is no room in my small box for bulky silver, and I can't upgrade to another box... I guess I could get another box at another institution, though. Yeah, for a few bucks a year, maybe I should do that.
if you have a lot of PMs spreading them around is a good idea. I now have two SDBs at different banks. This was necessitated by my recent silver buys.
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Re: What's going on with silver?

Post by eufo » Wed Sep 19, 2018 5:23 pm

Obviously bury it in the backyard. O0
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Re: What's going on with silver?

Post by Ad Orientem » Wed Sep 19, 2018 7:36 pm

If I decide to do anymore speculating in silver I may just buy the SLV ETF.
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Re: What's going on with silver?

Post by dualstow » Thu Sep 20, 2018 4:02 pm

Ad Orientem wrote:
Wed Sep 19, 2018 7:36 pm
If I decide to do anymore speculating in silver I may just buy the SLV ETF.
Well, that fizzled out rather quickly. O0 And I don't blame you at all. I never planned to buy physical silver, period, but I couldn't help myself. If I look at the picture enough times while checking the spot price it might as well be something that lingered in my Amazon cart. Resistance is futile.

I plan to give most of mine away as gifts, like I did with my initial order (also paltry) a couple of years ago.

It's fun to visualize how much your total wealth is in gold ounces, silver ounces, and big macs, but without cheap and convenient storage, gold is the only thing that really makes sense to have in physical. IMO. You know, some of the thousands of Saudi princes probably have rooms full of silver and gold coins. Not for me.
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Re: What's going on with silver?

Post by Ad Orientem » Thu Sep 20, 2018 6:50 pm

dualstow wrote:
Thu Sep 20, 2018 4:02 pm
Ad Orientem wrote:
Wed Sep 19, 2018 7:36 pm
If I decide to do anymore speculating in silver I may just buy the SLV ETF.
Well, that fizzled out rather quickly. O0 And I don't blame you at all. I never planned to buy physical silver, period, but I couldn't help myself. If I look at the picture enough times while checking the spot price it might as well be something that lingered in my Amazon cart. Resistance is futile.

I plan to give most of mine away as gifts, like I did with my initial order (also paltry) a couple of years ago.

It's fun to visualize how much your total wealth is in gold ounces, silver ounces, and big macs, but without cheap and convenient storage, gold is the only thing that really makes sense to have in physical. IMO. You know, some of the thousands of Saudi princes probably have rooms full of silver and gold coins. Not for me.
Storage is indeed an issue. But for me the problem is more that I am fundamentally a gold guy when the subject is long term investing in PMs. I like silver on an aesthetic basis. I think it is actually nicer looking than gold. But from the investment POV the attraction is purely speculative based on the current rather unusual market conditions.
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Re: What's going on with silver?

Post by dualstow » Thu Sep 20, 2018 9:02 pm

Harry gave his reasons for phasing it out. That’s always been good enough for me.
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Re: What's going on with silver?

Post by eufo » Sun Sep 23, 2018 8:07 am

dualstow wrote:
Thu Sep 20, 2018 9:02 pm
Harry gave his reasons for phasing it out. That’s always been good enough for me.
Please forgive my laziness of not looking it up myself, but what were his reasons?

For me, the obvious ones are storage and portability. It would be difficult to conceal a large amount of wealth in silver.
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Re: What's going on with silver?

Post by ochotona » Sun Sep 23, 2018 8:38 am

No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
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Re: What's going on with silver?

Post by dualstow » Sun Sep 23, 2018 9:20 am

He said that gold was doing the job on its own, i.e. the job of 25% of the portfolio, and that silver was superfluous. I read this in Best Laid Plans...He also mentioned what you’ve often heard about silver being more important for industrial use than a store of value.

I wasn’t aware of Harry when he was publishing that newsletter, but I think he got everyone out of silver at a fairly fortuitous time.
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Re: What's going on with silver?

Post by ochotona » Sun Sep 23, 2018 10:07 am

dualstow wrote:
Sun Sep 23, 2018 9:20 am
He said that gold was doing the job on its own, i.e. the job of 25% of the portfolio, and that silver was superfluous. I read this in Best Laid Plans...He also mentioned what you’ve often heard about silver being more important for industrial use than a store of value.

I wasn’t aware of Harry when he was publishing that newsletter, but I think he got everyone out of silver at a fairly fortuitous time.
I'm just fearful if we have a bad global industrial recession, silver could fall into single digits. I'm not a buyer
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Re: What's going on with silver?

Post by dualstow » Sun Sep 23, 2018 11:26 am

Seems like silver could fall into single digits for any number of reasons.
If that happened, and the spread were not too crazy, I’d find it hard not to buy. Pricey poker chips in the worst case scenario.
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Re: What's going on with silver?

Post by Kbg » Mon Sep 24, 2018 1:56 pm

ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.

Pirate attack?
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Re: What's going on with silver?

Post by ochotona » Mon Sep 24, 2018 2:55 pm

Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
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Re: What's going on with silver?

Post by Tortoise » Mon Sep 24, 2018 10:59 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
Ah yes, there's nothing more relaxing than canoeing in the middle of the ocean, hundreds of miles from the nearest dry land ;)
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Re: What's going on with silver?

Post by Kbg » Tue Sep 25, 2018 7:58 am

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
There you have it...I’ve been arguing for months that gold ETFs are safer than physical. :-)
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Re: What's going on with silver?

Post by Ad Orientem » Tue Sep 25, 2018 2:14 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.

Canoeing over the Mariana Trench? You do realize that this is where the Megalodons are hiding? Even if not them, then there are other wildlife out there that would like to turn you into an hors d'oeuvre...

https://youtu.be/jnlndVVogSQ
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Re: What's going on with silver?

Post by Ad Orientem » Fri Sep 28, 2018 11:15 am

Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
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Re: What's going on with silver?

Post by dualstow » Fri Sep 28, 2018 11:24 am

Ad Orientem wrote:
Fri Sep 28, 2018 11:15 am
Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
Well, enjoy your five minutes. O0
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Re: What's going on with silver?

Post by Ad Orientem » Fri Sep 28, 2018 11:31 am

dualstow wrote:
Fri Sep 28, 2018 11:24 am
Ad Orientem wrote:
Fri Sep 28, 2018 11:15 am
Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
Well, enjoy your five minutes. O0
8)
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Re: What's going on with silver?

Post by ochotona » Fri Nov 09, 2018 5:43 am

Gold silver ratio 85-ish. I'm not buying anything though. Just holding still.
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Re: What's going on with silver?

Post by buddtholomew » Fri Nov 09, 2018 10:32 am

Same thing that is going on with Gold.
Going down...
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