Im not debating this as its all very good points however hoarding bars of silver is still a retarded idea. Go and try to store 10k$ worth of silver and get back to me.
Done. It really isn't bad to store 500 Oz of silver.
So I did the math (1kg silver bar is 4.35 in long, 1.89 in wide. .98 in deep) and to store 10 kg of silver (slightly less than $10,000) you would need a space 12.99 in long, 3.78 in wide and 1.96 in deep. That would also leave space to put 2 more kg in there, btw.
Really not all that much space at all when you come to think about it.
Lets say I have 200k worth of gold that i could carry around all day long if need be. How many forklifta do I need to buy to carry that much silver around?
Silver that you can buy is (atm) $1000 kg so in total $200,000 in silver would be 200 kg (440 lbs) or about the size of two average Americans, which you could easily carry in your car trunk.
Now, unless your $200,000 dollars of gold is in coinage and rattling around in your bag in order to sell your gold you will have to put a fair amount of money at risk when you walk out of your front door, a 1 kg bar of gold is about $56,000 at today's spot price whereas a 1 kg bar of silver is hovering at around $1000.
I get where you have the goldbug from but silver also has it's own inherent value and to be fair, ANY pm is better than holding dollars.
(post is archived)