from The Wealth Watchman:
I’d like to speak to a few strategies that we silver warriors can use to apply leverage and increase our stacks, without working at all extra time to achieve.
Today, particularly, I’d like to take a look at a form of silver that I love, but sadly, “can’t” stack right now.
Some shield brothers here have brought up the point that stacking is really all a game of ounces, in the end. I quite agree with this, but the key point that’s essential to understand is that there’s no one way to skin that cat!
The fact is, there are many, many ways in which to “work smart, not hard”, and glean as many ounces as possible. Let me say this right now though: none of them are “the right way”, the key is simply to find a way that works for you, and get very, very good at it.
I’d like to talk today though, about one of my favorite forms of silver to stack. The truth is, there are many ways that the banking establishment tries to “tar and feather” silver’s reputation. As Chris Duane has rightly said, one of these ways is to wage psychological war upon it, by even convincing us to think of silver as undesirable. One of the ways they do this, is by coining very condescending terms for it, like “junk”. “Junk Silver” is an unfortunate term that, sadly, has even taken hold in the stacking community in regards to 90% U.S. silver coins. It’s a self-defeating and ludicrous thing, too.
Think about this: how many times do you go about using the term “junk diamonds”, “junk gold”, “junk platinum”?
Do you go around breathing “junk air”, or drinking “junk water”? After all, those things have mostly been recycled and reused by others many times!
It just doesn’t make any sense to call any precious thing, “junk”.
To be a lover of silver, and then to call it junk is the very definition of irony.
Junk, by definition, is something that is unwanted, something that you’d just as well rather discard in the trash. Let’s try to put such a descriptive term out of our minds, in regards to silver. Because the fact of the matter is, there are few forms of silver out there, that can hold a candle to 90% silver for a number of reasons.
The Romance Premium
The first reason I like to stack 90% silver, is that it is a living piece of history, and boy do I love history! Every single time I hold one of these old coins, I think about the year in which it was struck, I try to imagine life for the average folks living in the 1890’s, or 1920s, 30’s, 40’s etc.
This is a keen reason why I prefer this form of silver that no one else mentions, call it the “romance premium” that is sometimes paid over spot.
Picture an old silver dime(my favorite form of silver), and take a good look at it.
This very coin above would’ve been used many thousands of times, by countless people from all walks of life, over the course of its existence.
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