I'm new to stacking and would like to hear from you

Hi everyone,

I just recently found interest into stacking. I do not know much but i've been reading and doing a bit of research to how everything works. I am 20 years old I do not own a lot of money but I want to start investing with bullion. I was thinking of going to the ABC bullion in Sydney sometime next week and talking to them on what I can do. I want to hopefully turn some of my useless money to something actually more valuable such as gold and silver. As gold is too expensive, I was thinking off buying some silver and maybe even doing their Gold saver if any of you has heard of it. If you have any advice or any input please let me know

 

Welcome along.
Best bang for your buck is here.
Post what you want and I'm sure you will be supplied it for less than the bullion shops. (Trade with high rep users as your new).

Also any questions you want answered, search will be your friend as it will be asked already.

 

Welcome to the stacking club, set an oz goal and stack it!! Bars, coins, rounds or lil of everything, just push those ounces ever higher!!

 

Save up and buy a little bit of gold when you can, as close to spot as possible.

 

Hi, welcome to SS
Just wish I had started at 20 also
Silver is a nice way to save some money for the future

 

W

Thanks! But what is an oz goal if I may ask?

 

A goal of how many ounces you wish to acquire in a particular timeframe (x ounces by...)

 

Oh ok. would you suggest I start with silver since it is a lot cheaper and I would be able to get more ounces with my money or go straight to gold?

 

Balance your hand with both young fella. Keep your eye on the charts & buy the dips.

& Welcome

 

I would suggest you research and make that decision yourself Adrian and buy what you like as there are just so many options out there.
Look at bullion sites to see what you like, it might be low premium bars it may be high premium coins in silver gold platinum etc.

 

Thank you so much! You have all been kind!

 

Welcome mate

 

You can be assured that whatever you start purchasing, you will invariably change course.

Good thing with precious metals, there is always a ready re-sale market. And as others have said, the price fluctuates, so buy the dips, and sell the peaks (easier said than done of cause).

 

Welcome from across the ditch , enjoy the ride

 

It's cheap because it's shit. Go for gold.

 

Stick to silver, don't listen to the haters.

2 coins isn't much of a stack.

 

Wow, that is a good start. My youngest daughter started bullion stacking at 15. My two bright boys while I continously trying to encourage them at 17 & 21 with a sweety peptalk were buying once in a while.

My suggestion is to enjoy the STACKING & COLLECTING ..........

You started in the best age and time horizon.
It is wise but lot of sacrifices.

Knowledge is power and you know for sure that power = wealth.

Wish you all the best and good luck.

Welcome to SS.

 

Buy gold for long term savings, collect silver as a enjoyable hobby.

 

Regardless of what you choose, take it slow. Be strategic, incremental and don't buy ahead of your level of understanding.

Ask yourself regularly 'Why am I buying PMs?' - Gold or silver, coins/rounds/bars, large pieces or small... will all work itself out from that.

Watching the trade forums on here will give you a good understanding of what sells quickly and what you will actually get if you want to sell your PMs. It's also a good place to buy if you're comfortable dealing person to person online.

Welcome mate.