Just picked up a roll of 20 silver eagles
So payday was last Thursday and I figured I would spend my money on something worthwhile. Something that is worth investing in. I decided to order a roll of 20 silver eagles. They are all 2022 silver eagles as well. A very beautiful coin.
This is my very first time buying a full tube of silver coins. I spent most of my paycheck on it. The total came out to be around $750 after all of the taxes on ebay. I ordered it just a few days ago and it got to my place within 1 day...which was extremely fast. If you do the math (750/20) it comes out to be around $37.50 per coin. I guess that is a bit cheaper than what it would be if you were to buy the silver eagle individually...right now it's about $39-$40 for a silver eagle on ebay. However that price could change.
I'm hoping to save these for the future and hopefully have them pay off as an investment in the future. The price of silver in the next few years is projected to go up...so I guess we will see how much silver rises. I honestly hope silver skyrockets because I feel that silver is extremely undervalued at the moment. I feel that silver has so much more value than fiat currency does and it has a history of always being money as well.
I don't know how I feel about my whole paycheck going towards silver. It is definitely good to be stacking but putting my whole paycheck from my minimum wage job is quite a bit. Luckily, I don't rely on my job so I can afford to do this. I just hope my investing in silver pays off one day and the value of silver will be way higher than it currently is. I want to be saving this for my future. To eventually do things like own a home as well as many other things. It is my current way of saving, as I feel it is better than holding my money in fiat currency.
I just hope to collect a good amount of silver as well as gold to be able to have a good amount of money to fall back on in the future, or to use to buy a home like I mentioned earlier. I really hope these investments pay off. Currently I don't have much silver or gold but I plan on growing my collection every time I get paid from my job.
Silver is a great hedge against inflation. It is a real currency. I truly believe its true value isn't known yet. In reality the price of silver should be way higher than it is right now, but it seems the price of silver is heavily manipulated. As time goes on, and the more silver is used for things and bought up, the more demand there will be for silver, and the higher the price should be. Silver is used in so many things from electronics to being used in the medical industry. There are many uses for silver and the demand for it will only go up the more we find uses for it and the more it is used in different things.
I just hope there is a bright future for silver because I want my long term investments to pay off and I want something that is worth collecting and saving. I don't want it to be something where I will lose my money if I invest in it.
I have been stacking for many years and decided to sell my whole stash a few years back and I regret it to be honest. I ended up taking the money and putting it in cryptocurrency and eventually I just ended up spending it, which I also regret. Recently is when I decided to take up stacking gold and silver again because I recently got a new job at a grocery store, and I needed something I could invest my money in for the future.
To me I love collecting more silver and gold because it feels like I am collecting real money. I know silver and gold definitely has good potential. They are both a good investment and I really hope in the near future the price for both will go up. Silver has definitely been undervalued for a while now and I think there needs to be a point where the price skyrockets because it has been long over due. We shall see what the coming years has to offer.
Anyways thank you guys for reading about my latest silver stack update. Thank you for checking out my post and steem on!
I think you're going to be very glad you picked U.S. Silver Eagles... As per my version of the coming U.S. Monetary Correction, you'll be able to Exchange them for Corrected $10 Silver Coins that will each have the Spending Power of 1,000 of today's Fiat USD's...
I really hope that is the case. I want my investments to pay off. I want to save my money to eventually own my own home. I also just want to have the investments to hold onto for the long term, as many predict in the coming years it is a good chance the price of silver will go up.
Keep in mind that our Corrected U.S. Coinage will have Legal Tender Status, long after all the Fiat Currencies of the World go to Zero...