Why People Stack Silver
You may have heard the term “silver stacking” or stacking silver so, we are going to explain it to the people unfamiliar with silver stacking is.
By definition, Stacking silver or gold is a method of accumulating silver or gold bullion in physical form. Most stackers plan on holding onto their metals for long-term gains. Silver and gold coins. Physical gold and silver are generally available in the form of coins, rounds, and bars (or ingots).
You may wonder why people would “stack a metals” well, With inflation and the federal reserve constantly printing paper money which is “fiat” fiat currency is paper printed backed by nothing. This has been going on since we left the gold standard in 1933 and abandoned the rest of the system in 1973, under Richard Nixon.
The idea is that the metals will hold value or weight value during a crisis or systematic collapse, where the silver or gold can be traded for goods and services. Others simply see it as a good way to diversify their portfolio like investors would in the stock market or in crypto currencies. It’s a way to protect your wealth.
Silver is used for jewelry, bullion and industrial capacities. People believe when silver mines dry up and the metal become scarce the prices will skyrocket. There’s many different sizes of coins and bars as well from 1/10th to 1 kilo or larger. The fractional silver like 1/4th or 1/2th OZ goes for a larger premium over spot price (the price of silver per 1 OZ). It’s a lot easier to say I’ll give you 1/4th of an OZ for your blanket than trying to cut up your 1oz bar. It’s also simply a way to spend money without losing money. If you don’t like the idea of storing a bunch of silver in your home you can always invest in silver stock funds like I Share Silver Trust (SLV). The I share Silver Trust holds 600 million ounces of silver so you don’t have. You can check out some of our other silver articles here.
Disclaimer: This is not investment advice and I am not a financial advisor.