Silver Gold Stackers Engagement Initiative #13 - 5 HSBI For Grabs

avatar

Silver gold stackers engagement initiative #13.png

The mark of a new week: number 13

Last week, I asked a question that @hetty-rowan helped me with. I hope she got some of the answers she was looking for. Thanks for helping out last week and thanks for everyone who joined. The answers sometimes seem logical but there's lots of truth in the comments where you read it's easily to get hyped into some flashy stuff as a newbie if you're sensitive to that.. So be careful with that...

Who are the lucky winners?

@bulliontools, @thebighigg, @silverd510, @geneeverett, @silversaver888 are all receiving 1 HSBI share each for there fabulous contributions. Thanks for showing up and helping out the newbies so much when you can!

Here's a screenshot of the HSBI shares I sent everyone, if I made an error somewhere, let me know so I can fix it asap.

image.png

Question week 13

Here's week 13's question, which is inspired by the prices of silver and gold in the past weeks:

"Are you buying more silver and or gold in the dips and / or selling some when the price pumps.. or do you prefer to hold on to your stack until it's needed as an emergency fund (for example)?"

Week 13 Silver gold stackers engagement initiative question.png

I read a few members mentioning if gold goes to X I will sell a bit, I wonder do you have targets ready like what many have with crypto to take profits? And do you apply this to gold and silver both or only one of them? I can imagine with silver it's only lucrative in case you have many ounces to sell off.

Giving away at least 5 HSBI shares for your answers

Every week, I pick 5 people who contributed to this week's question by sharing their stories, tips or thoughts. I'm definitely not limiting the rewards to the long term members only but the idea is that the comment is at least in line with this week's question to have a chance to get rewarded.

Some weeks I give more than 5 HSBI shares, it depends on my liquidity and the response.. so you might get lucky even if there are many great contributions.

My answer

It probably doesn't surprise you when I say that for me the price doesn't influence the amount I buy as I'm just starting and I'm definitely not considering to part with the few coins I have.

I haven't bumped into great deals just for the silver for (close to) spot price yet either, but I reckon once I do, that I will at least consider buying such an item when silver dips and selling it off for profits so that I can buy back more silver later.

For me, that's all speculation for now though, who knows what's in my little precious box of silver gems in 6 or 12 months from now.

Keeping it short today

After my very shitty Saturday, today was a great day out and writing this at 11 PM I feel super tired so I'm going to publish this one and call it a day. Normally, I'd get some more stuff done in the evening but today is one of these days that I should get in a bit earlier to wake up a bit more rested in the morning.

I'm also excited to share a new coin that arrived a few days ago, so I will get to that in a few days.

Wishing everyone a good day/afternoon or night, whatever your timezone may be and hopefully you had an amazing weekend on your side of the world..

The Hive round picture is my own and the silver background in these images are created with Canva Pro.

Posted Using InLeo Alpha

hive-167922 silvergoldstackers pimp ladiesofhive gems preciousmetals hive-engine hsbi engagement inleo
0
0
0.000
49 comments
avatar

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

0
0
0.000
Reply
avatar

Thanks for the HSBI!

I'm sorry you didn't have a good Saturday at all. ☹️ !HUG !LUV

I buy regardless of the price. I've sold some silver, but only in order to increase my holdings here on Hive. I only parted with some gold once, and that was to trade it for my Sigma metals tester. Otherwise, I'll sell all of my silver before I part with my gold.

!BBH

0
0
0.000
Reply
avatar

Welcome, and the Sunday was much better so it was in balance :)

I think those trades were smart and it added to your collection in value so that you won't be scammed lol.

!PIZZA

0
0
0.000
Reply
avatar

I'm glad to hear your Sunday went well and balanced it out. !HUG

Thanks! Yeah, I figure it's better safe than sorry. Plus, the Sigma devices hold their value very well, so I can always resell it later.

!PIZZA

0
0
0.000
Reply
avatar

The definition of stacker is optimally to hold your metals for when they are absolutely needed. Which to me means if you don’t need to sell your metals for an emergency or to get you out of a debt, then why would you be selling your metals? There’s no guarantee the price is going to come back down. Especially in this economic atmosphere. I think that I’m the only stacker in our community that has been through two massive silver spikes. Yes, I did sell silver then, but the silver price was over $46 an ounce when I did it. I didn’t do it to pull profits. What I did was I held the cash for roughly ten months, waiting for silver to go back under $20 an ounce. Then I bought double the amount of silver that I sold.
Here is the one caveat to that. If you feel that you have more gold or silver than you think you need and will use. By all means sell some for a profit. But most stackers will never feel that way.

As far as buying. I’m not, when spot prices are high I switch from stacker to collector. Graded rare coins do not get affected at all by the spot price. So instead of buying bullion, I look for the coins that are on my buy list.

0
0
0.000
Reply
avatar

I think that would be the aim, to sell when it spikes and hold those funds until you can buy a significant bigger amount back, but 10 months is long. You have to be patient, and it may never happen..

I'm personally not checking what the silver prices do every day, but surely will check when I will do another purchase if the price is ok. And during my trip to Madrid, I have found several shops to walk into and I hope to score a few close to spot silver pieces there. They don't have any shops near me so I'm excited to walk in and check out what they have in person.

Thanks for joining!

!PIZZA

0
0
0.000
Reply
avatar

I never sold any of my silver, given gifts to friends YES...
But I am holding on to my stack for the long haul and only if it is needed... I sell.

I usually buy silver when the price is good, but I have bought expensive ones to so... If I see one I LOOOVE... I just buy 😜 Buwahahaha

What can I say... I am addicted

0
0
0.000
Reply
avatar

Yeah, I don't have the patience either to wait and the one time that I waited (with the silver mermaid mother and daughter) because I was waiting for salary, they were sold out, Never hope to have that again.

Better to be addicted to silver stacking than a lot of other things !LUV

0
0
0.000
Reply
avatar
(Edited)

Thanks for the HSBI, @thisismylife!

I buy the dips within the month, but I buy gold and silver every month regardless. I have not sold a single piece yet since I have no real need to sell. I will sell my silver for gold when the timing is right, because my end-game is gold. I missed an opportunity last year, !LOL. Today, while spots on both gold and silver are high, I purchase gold and silver that are not so much affected by the spot price... like US Mint commemorative silver and gold coins from the secondary market. I practically have zero experience selling my stack. I only finance the 2023 and 2024 Hive Silver Rounds as a service to this community, and I give away my Silver Saver bars to deserving stackers.
!BBH

0
0
0.000
Reply
avatar

I'm happy that you didn't have to sell any yet, that must feel great!

It's also great that you started the hive silver rounds, I'm a bit sad that I could not buy one this year due to the real life needs but at least I have one from last year, which I'm still very proud of :)

!LUV

0
0
0.000
Reply
avatar

Thanks so much!

As to the question, I did sell some of my Gold once in 2017 to buy some bitcoin with it. But besides that one time move I have only held.

I have front run my normal dollar cost averaging amount b4 to grab in a dip situation but generally just dollar cost average is my game.

Cheers!

0
0
0.000
Reply
avatar

I think DCA is a great way, have been doing that with some crypto and it works out nicely imo. I didn't have much room to do so in the recent months due to unforeseen life stuff but we're getting there again, so I think I will most likely end up DCA-ing every month (not just with silver) to spread things out.

Thanks for joining!

!PIMP

0
0
0.000
Reply
avatar

Thanks for the HSBI!

I just hold and hold, no scheduled sale anytime soon. I sold some once when I was switching from a job I hated to start my own company, it was a life saver at the time. But I sold the silver stuff that I really wasn't attached to at the time.

You never know what the future holds, so it provides some badly needed security in today's world.
!PIMP
!PIZZA

0
0
0.000
Reply
avatar

Welcome!

I can understand when real life calls and it's needed, you do what you need to do and it's helped you going forward, so it was probably the best thing you could do at the time.

For sure, I feel I need to have all sorts of back ups in the very near future as nothing feels certain anymore..

!PIMP

0
0
0.000
Reply
avatar
(Edited)

PIZZA!

$PIZZA slices delivered:
thisismylife tipped trumpman
@bulliontools(4/5) tipped @thisismylife
thisismylife tipped youloseagain
thisismylife tipped ironshield
thisismylife tipped lupega
thebighigg tipped thisismylife

0
0
0.000
Reply
avatar

Rest u and feel better 💗 beside the hive bullion exchange thing for me personally I would not sell unless price was way up or I am in dire need !BBH

0
0
0.000
Reply
avatar

Congratulations @thisismylife! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You have been a buzzy bee and published a post every day of the week.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000
Reply
avatar

Before 2022 I'd normally buy $600 in either gold or silver every three months. I've come close to selling a few times but managed to avoid that. I now have a sufficient Emergency reserve of cash established along with two stable income streams. My union has negotiated a 14% general wage increase over the next three years. I've upped my Dollar cost average stacking since my mortgage has been paid in full giving me plenty of wiggle room to afford a car. What also changed is that I don't care much about the premiums anymore, I just buy what I like, but living in Canada the choices are limited. Besides, I feel that my stack is BIG enough.
❤️
!BBH

0
0
0.000
Reply
avatar

Great that you were able to avoid that! I'm happy for you that you are able to collect enough to feel comfortable with what you have and that you can also care a little less about the premiums :) must feel great!

!LADY !LUV

0
0
0.000
Reply
avatar

You have already used the number of tips you had for the day. Please try again tomorrow or buy more LOH tokens to send more tips.

0
0
0.000
Reply
avatar

"Are you buying more silver and or gold in the dips and / or selling some when the price pumps.. or do you prefer to hold on to your stack until it's needed as an emergency fund (for example)?"

Some sell their assets while they're high (if they have a buyer), then purchase more during the dips - I usually keep an eye on the price and if it gets low, take advantage and add to the stack. It would have to go really high before I looked for a buyer.

0
0
0.000
Reply
avatar

Save up and buy is my choice.
Il keep my silver for when my kids turn 18.
That's my plan

0
0
0.000
Reply
avatar

Yeah that's a good one, I plan on doing the same and I already gained my daughter's interest when looking for silver so that's great..

!PIZZA

0
0
0.000
Reply
avatar

Like any investment I have, I rather stack them. As I buy most investments for the long term. It's different when you're speculating on certain pumps ofcourse. So I could definitely understand if others have different strategies.

Personally I tend more towards investments for the long runs without timing the market but rather spending time in the market. I utilize this philosophy on my etf's, hive, gold/silver and a couple of very limited editions of whiskey.

Probably the reason I follow this strategy is partly because I don't have the time to micromanage every asset but I want to spread the risks on the other hand. Thus for me, investing longterm is the way to go.

Have a great start of the week!

0
0
0.000
Reply
avatar

True, I personally don't like to be on top of all these markets of every coin and try to be in time etc. I much rather DCA or hold stuff for the long run, but having that said, I've not been able to do this for the first 5 years in crypto so I'm happy that at least now I can do it with silver..

It's way too much work and (speaking for myself) stress to see the market reacts. Since I let that go for crypto, and ignored what the market does as I didn't have more to put in anyway, the experience became way better and I've been confident as well that things will go back up when they crash.

In the past, when I needed to take out things for real life, I was way more stressed about it. My plan with silver is to hold for my kids. Of course it could be that I sell in case of emergency but the initial plan is to hold it..

Thanks for joining!

!PIMP

0
0
0.000
Reply
avatar

I agree that if we don't have to monitor the prices that closely, it's totally different and probably more peaceful for our mind. It's the reason I prefer to stack for the long-term rather than keeping up with the news of plenty coins/stocks/metals...

Stacking for the children is definitely awesome!

Thanks for your lengthy elaborating comment! :D

0
0
0.000
Reply
avatar

Accumulating silver and gold is what I want, I have not bought yet, but I am still working and I will try to buy after the halving, I will wait several days and make a profit, buy silver first.
I wish you a happy start to the week

0
0
0.000
Reply
avatar

I hope you managed to do so now that the halving is a fact!
And I hope you had a good week(end) yourself..

!PIZZA

0
0
0.000
Reply