Wendell J. Watson

Introduction:

This essay is written for those who want to start saving money and preserving purchasing power using silver now, without delving too deeply into the theories behind it. It is a practical manual, not an exercise in theory. It is intended for those who do not have the time to study economics in depth, but who want concrete results and are willing to take action based on the conclusions of experience.

The author understands that the reader may not have the time or inclination to study the philosophical foundations of this essay, but encourages the reader to take the fundamental statements on faith and prove them true by taking action. For those who are interested in a deeper understanding, the author suggests reading the works of great economists such as Von Mises and Exter.

The author has made every effort to keep the style of the essay simple and easy to understand so that anyone can benefit from the distilled philosophies presented. The plan of action included in this essay is based on experience and has been thoroughly tested. If you want to reap the benefits of this wisdom, read this essay and follow the instructions provided.

Disclaimer: The following is a simple essay on how to use silver bars and coins as a savings vehicle and is not financial advice. It is always recommended to consult a qualified financial advisor before making any investment decisions.

Chapter 1: Your Own Reserve Bank

Silver has been used as a form of currency for thousands of years, and for good reason. It is a precious metal that is both durable and malleable, making it easy to mint into coins and bars. Silver also has intrinsic value, meaning that it has value in and of itself, rather than simply being a representation of value. In our modern times, silver is used in over 10,000 products that are vital to the current level of human advancement.  This is second only to the uses of petroleum. Unlike paper money, silver cannot be printed or created out of thin air. It is a tangible asset that holds its value over time. This is why silver has been referred to as “real money” or “hard money.” Throughout history, silver has been used as a store of value and a medium of exchange. In times of economic turmoil, silver has proven to be a safe haven for those who wish to preserve their purchasing power over time. This is because silver has a long history of retaining its value, even when other forms of currency have failed.

Becoming your own bank with silver means that you can use it as collateral for loans in government currency that can then be used as capital to finance profitable ventures like starting or acquiring a business, investing in cash-flowing companies, and even financing your standard of living. The key is to not give up ownership of your metal, but leverage it as collateral to borrow money in currency while still retaining ownership of your silver. At present this can be done by using vaulting services, coin dealers, or even pawn shops.  All will happily loan you government currency when you post your metal as collateral.  Loan terms and interest rates are very favorable using this method as the loan is at least partially secured by your metal.  This can be a powerful way to generate regular income and capital while maintaining control of your assets.

In conclusion of this chapter, silver has been used as a form of currency for thousands of years, and it is still valuable today. It’s a tangible asset with intrinsic value, and it has been a store of value and medium of exchange throughout history. Its value is driven by supply, demand and the cost of production as a function of the cost of energy inputs. It has a monetary value and utility in a wide spectrum of industries. If you understand the idea of using silver to become your own bank, you can use it as collateral to borrow money while still owning your silver. You can also use it to fund profitable ventures that bring in regular income and capital while you still own your metal assets.

Chapter 2: The Power of Bullion in Building Your Silver Reserve

When it comes to building a silver reserve, bullion bars and sovereign minted coins are the way to go. Bullion bars are typically made from silver that is at least 99.9% pure. Silver bullion bars can be purchased closer to the market spot price or cost of production, making them a highly efficient way of exchanging the present value of government currency.  The difference between the market spot price or cost of production and the price of the silver bar will vary with the weight of the bar.  Larger bars can be bought closer to the spot price or cost of production than smaller bars.

Sovereign minted coins are also a great option, as they are generally recognized by their governments as legal tender.  Sovereign minted coins often have a higher premium over the spot price or cost of production; however, that premium is usually recoverable in liquidity when selling or leveraging to some degree. This means that it is easier to sell sovereign coins in the market and receive the spot price plus some return on the premium. Another advantage of sovereign minted coins is that they generally come in convenient tubes of 20 or 25 and even boxes of 500 so they are easy to store and transport, making them a convenient option for silver stacking savers.

When building a silver reserve, it is important to focus on purchasing bullion bars and sovereign minted coins only, as these types of silver have a lower premium over the spot price compared to collectible and rare coins and bars. This means that you will be paying closer to the actual cost of production of the silver, making it a more cost-efficient option. In short, you will get more ounces or grams for your currency unit.  Additionally, bullion bars and sovereign minted coins are highly recognized, liquid, and easy to buy and sell, which can be a significant advantage when it comes to building a silver reserve.

Another advantage of bullion bars and sovereign minted coins is that they are easy to store and transport. Bullion bars of 1 to 32 Troy ounces (1 kilogram) are relatively easy to store and transport. Sovereign minted coins of 1/10 to 2 Troy ounces are also a great option, as they can be stored in tubes of 20-25 and boxes of up to 500. This makes them easy to store in a typical safe, strong box, or even palletized in a vault for long term storage.

On the other hand, it is important to avoid rare and collectible coins and bars as they can be overpriced and difficult to value. These types of silver are often bought more for their rarity and collectability rather than their intrinsic value. They are not as liquid and as easy to sell, and their value is not always related to the spot price of silver.

In conclusion, building a silver reserve with bullion bars and sovereign minted coins is the way to go. They have a lower premium over spot price or cost of production, are highly liquid, easy to buy and sell, and easy to store and transport. This makes them a cost-efficient, convenient and a reliable option for investors looking to build a silver reserve. Additionally, it is important to avoid rare and collectible coins and bars as they can be overpriced and difficult to value, and their value is not always related to the spot price of silver.

Chapter 3: The Silver Savings Plan: Building Your Reserve One Coin at a Time

Building a silver reserve requires a solid plan and consistent action. The first step is to set a savings goal for yourself, and determine how much silver you need to purchase in order to reach that goal. This can be done by calculating the amount of silver you need based on the current retail price of your preferred form of silver and your desired savings goal. For example, if your goal is to save $10,000 worth of silver and the current spot price of silver is $20 per ounce, you will need to purchase 500 ounces of silver to reach your goal.

Once you have your goal in mind, it’s time to create a plan to buy silver on a regular basis, whether it be weekly, monthly, or quarterly. This will help you to stay on track and ensure that you are consistently adding to your silver stack. One strategy is to set aside a certain percentage of your income each month to be converted into silver. For example, if your goal is to save $10,000 worth of silver, and you save $500 a month, it will take you 20 months to reach your goal.

It’s important to stay disciplined and stick to your plan, even when the price of silver fluctuates. The key is to focus on the long-term goal of building your silver reserve, rather than getting caught up in short-term price fluctuations. It’s also important to know what’s going on in the silver market and how changes in supply and demand could affect the price of silver.

An additional strategy is to diversify your silver stack by buying different types of silver coins and bars, such as different sizes of bullion bars and sovereign minted coins from various mints. This can help you to spread and diversify your risk and ensure that your silver stack is not overly dependent on any one type of coin or bar. Additionally, diversifying your silver stack can also help to ensure that you are not overpaying for any one coin or bar, as you can take advantage of different prices across different types of silver.

Another important aspect of building a silver reserve is to consider where you will store your silver. While bullion bars and sovereign minted coins are easy to transport and store, it’s important to consider the potential risks of storing your silver at home. For example, your silver could be stolen or damaged in the event of a natural disaster. As an alternative, you could consider storing your silver in a secure depository, such as a private vault.  Avoid banks or safe deposit boxes, as they may not be accessible in the event of an economic catastrophe. Store your metals where you can easily physically access them or liquidate them.  This provides added security and peace of mind, knowing that your silver is protected and available to you at any time.

In conclusion of this chapter, building a silver reserve requires a solid plan, consistent action, and discipline. By setting a savings goal, creating a plan to buy silver on a regular basis, staying informed about the silver market, diversifying your silver stack, and considering where to store your silver, you can ensure that you are building a robust and secure silver reserve. Remember, the key is to focus on the long-term goal of building your silver reserve, rather than getting caught up in short-term price fluctuations, and to stay disciplined and stick to your plan, even when the price of silver fluctuates. With a strong silver stacking plan, you’ll have peace of mind knowing that you have a tangible asset that holds its value over time and can provide a financial reserve and stability in the long term.

Chapter 4: The Advantages of The Silver Mindset

Saving money with silver requires a shift in mindset. Instead of viewing silver as just another investment, view it as money. When you go to make a purchase, ask yourself if you really need it or if the currency would be better spent on adding to your silver stack. When you are out shopping start thinking about the price of goods in terms of grams or ounces of silver. By thinking about silver as money, you’ll be more mindful about your spending and find it easier to save. This mindset shift will also help you to avoid impulse purchases and focus on what is truly important, building your silver stack. Additionally, it is important to educate yourself about the silver market, including the movement of the spot price and historical trends, to make informed purchasing decisions.

When it comes to saving, silver offers a number of unique advantages over other savings options. One major advantage is that silver is a tangible asset, meaning that it has value in and of itself. Unlike paper money, silver cannot be printed or created out of thin air. This makes it a reliable store of value, as its value is not dependent on any government or institution.  Silver itself does not change over time.  An ounce of silver 100 years ago is still 1 ounce of silver today and will be so 1,000 years from now.

Another advantage of saving in silver is that it is a hedge against inflation. As the value of paper currency decreases over time due to the effects of inflation, the purchasing power of silver generally remains the same, meaning that what you can buy today with a specific weight of silver, you will be able to buy tomorrow with that same weight of silver.  There is also the likelihood that your purchasing power in terms of silver will increase, maybe even significantly. This has generally been true of silver over thousands of years, and there is no reason to think that it will not be true in the future.

Silver is a versatile savings option. It can be used for a variety of purposes, such as a wide range of industrial applications, jewelry, and as a medium of exchange. This diversification of uses helps to ensure that the demand for silver remains steady, which helps to maintain the value of your stacked metal.

Another advantage of silver is that it is highly liquid. This means that it is easy to buy and sell. You will always be able to get at least the spot (Silver Commodity Futures Price) for your silver coins or bars. Precious metal dealers, coin shops pawn shops and private vaults will always instantly quote you on the weight of silver you want to sell and pay you in the applicable currency.

In addition, silver is also a relatively affordable investment option for average people. It is much more affordable than other precious metals such as gold, making it accessible to a wider range of savers. At the time of this writing, this is true, but it may not always be the case.  This means that even those with limited financial resources can save in silver and start building a reserve.

Furthermore, Silver is also an option for those who are looking for regular income. Profitable silver mining companies and silver royalty companies are a great way to make leveraged bets on silver in the ground and generate regular income through dividends. This provides a regular flow of income, which can help to support your standard of living.

In conclusion, silver offers a number of unique advantages over other savings options. It is a tangible asset with a long history of retaining its value, a hedge against inflation, a versatile investment option, a liquid investment, relatively affordable, and an investment option for those looking for regular income. By saving in silver, you can protect your wealth, diversify your portfolio, and potentially generate regular income to support your standard of living. It’s a smart savings option for those looking for financial freedom in the long run.

Chapter 5: Maximizing The Silver Lifestyle

As you consistently add to your silver stack, you’ll start to see a change in your financial situation. With the power of silver on your side, you’ll be able to add tangible wealth to your net worth, which will give you options and a level of financial security. If silver gains substantially in value, it can open the door to a life of abundance and prosperity if you have saved enough. With a large silver stack, you’ll have peace of mind knowing that you always have the hard capital to survive and even thrive in any economic conditions.

However, it is important to be strategic in your approach. Here are a few suggestions and strategies to help you maximize your silver stacking:

• Buy low, sell high: One of the most important and obvious strategies when stacking silver is to buy low and sell high. This means that you should aim to purchase silver when the price is low, and sell (or hold) when the price is high. This can be done by keeping an eye on the silver market and being aware of any potential changes in supply and demand that may affect the price of silver.
• Diversify your silver stacking: Diversifying your silver stacking is another key strategy for maximizing your savings. This means that you should aim to purchase a variety of different types of silver, such as bullion bars, sovereign minted coins, and even silver mining equities. This can help you to spread your risk and ensure that your investment is not overly dependent on any one type of silver.
• Store your silver securely: Storing your silver securely is essential to maximizing the utility of your savings. This means that you should consider storing your silver in a secure location, such as a private vault or in a strong safe that you can easily access.  Insure your silver through a homeowners policy if storing at home. This can provide added security and peace of mind, knowing that your silver is protected from any physical loss.
• Use your silver as collateral: Another strategy to maximize your silver stacking is to use it as collateral to borrow in currency using the proceeds to fund projects, businesses or lifestyle.  This can be a powerful way to use your silver while not having to physically spend it.
• Be patient: Stacking silver is a long-term strategy and it’s important to be patient and consistent in your approach. Consistently adding to your silver stack over time will help to ensure that you are building a robust and secure reserve.
• Be consistent: Consistently adding to your silver stack over time is key to achieve your long-term goal. By setting a savings goal, creating a plan to buy silver on a regular basis, staying informed about the silver market, and considering where to store your silver, you can ensure that you are building a robust and secure silver reserve.

In conclusion, stacking silver is a smart investment option for those looking for financial freedom and stability in the long term. By taking these steps and using these strategies, you can get the most out of your silver and build a safe and diverse reserve. Remember to be patient, consistent, and disciplined in your approach, and to stay informed about the silver market. By stacking silver, you are not only investing in a tangible asset with intrinsic value, but also hedging against inflation, diversifying your portfolio, and potentially generating regular income to support your standard of living. With a strong silver stack, you’ll have peace of mind knowing that you have a tangible asset that holds its value over time and can provide financial freedom and stability in the long run.

Epilogue: Silver as Money

We’ve talked about the many reasons to save in silver throughout this essay, from the fact that it’s a tangible asset with its own value to the fact that it can be used as a hedge against inflation and a safe haven investment. We have discussed the importance of purchasing bullion bars and sovereign minted coins and avoiding rare and collectible coins and bars, as well as the potential of using silver as collateral for loans in government currency. We have also provided suggestions and strategies for maximizing your silver investment and building a robust and secure reserve.

One of the most important points that has been emphasized throughout this essay is that silver is money. Unlike paper money, silver cannot be printed or created out of thin air. It is a tangible asset with intrinsic value that holds its value over time. Throughout history, silver has been used as a store of value and a medium of exchange, and it continues to be valuable today. By understanding the fact that silver is money, you can leverage its value to protect your wealth and secure your financial future.

In summary, investing in silver can be a powerful way to build a reserve, protect your wealth, and secure your financial future. By focusing on purchasing bullion bars and sovereign minted coins, using silver as collateral, and consistently adding to your silver stack, you can maximize your investment and achieve your long-term goals. Remember that silver is money, a tangible asset with intrinsic value that holds its value over time and can provide a safe reserve of purchasing power that does not diminish over time.

The men and women who practice the given instructions will certainly build a large stack of silver, and the stack that they can build will be in exact proportion to their level of patience, the soundness of their plan, and the consistency of their actions. 

The End