I'm new! :)

Discussion in 'Silver' started by Andrew Coulter, Apr 24, 2020.

  1. Load of Bullion

    Load of Bullion Well-Known Member

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    My advice: Stick to standard 1oz coins and bars. Don't do fancy. Plain silver eagle 1 oz coins will be easier to trade later. Less hassle. Easier to work out what your portfolio of coins is too if you stick to the same type of coins or bars.
     
  2. Andrew Coulter

    Andrew Coulter New Member

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    I've been bouncing between eagles, maples, Britannias, and libertads. Whatever is the cheapest at the time.
     
  3. JNS

    JNS Active Member Silver Stacker

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    Keep stacking, good road map, welcome to silver stacker :)
     
  4. Alloy

    Alloy Active Member

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    The best way to buy is online, from the lower priced dealers, which are SD Bullion and Silver.com. (I think SD Bullion is based in Michigan, by the way.)

    But right now is bad time to buy retail physical silver. The premiums are unacceptably high because of an explosion of demand due to the pandemic. I would wait a few months for premiums to normalize.

    If you want exposure to the silver market right now, I would buy silver ETFs or OneGold, which offers silver as well as gold. That way you don't have to pay the insane premiums.

    PM is precious metals, as noted above. Another major acronym is ASE, for American Silver Eagle, and AGE for American Gold Eagle.

    ASE have higher premiums than Maples, but they tend to hold their value pretty well. I like Maples too – very high quality, good anti-counterfeiting features, and 9999 fine vs. 999 for the ASE. Note that the 2021 ASE will have new anti-counterfeiting features too, finally. Another good reason to wait a few months...

    Libertads have the highest premiums of any mainline silver coin. And they're hard to find. I haven't seen 2020 Libertads anywhere. You'll often see the 2 oz size more than the 1 oz.
     
  5. Bosse68

    Bosse68 Well-Known Member Silver Stacker

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    Hi and welcome from Sweden
     
  6. HoneyTree

    HoneyTree New Member

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    I am relatively new as well. I am now working on what I refer to as Stack 2.0.

    I wouldn't recommend buying 100 oz bars - they are harder to resell. That said I own several.
    Kilos seem to offer the best balance in price per ounce.
    1oz and 10 oz seem to carry the highest price premiums but are certainly the easiest to resell.

    I am a software and platform guy in my day job and I am "THIS CLOSE" to building a purpose built precious metals marketplace because Ebay and the other auction outlets just don't work for transferring narrow margin goods like metals. So keep an eye out.
     
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  7. JNS

    JNS Active Member Silver Stacker

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    Hi, good luck to your endeavour and looking forward to the success of Stack 2.0 as one of future market place platform in precious metal.
     
  8. ShadowPeo

    ShadowPeo Member Silver Stacker

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    Hope this works out for you, I know how hard it can be to break into this kind of thing, server and other costs add up quickly, you going with a container-based system or just "traditional" Bare Metal/VM system
     
  9. HoneyTree

    HoneyTree New Member

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    Going to be running it as a hybrid more for security than any other consideration: We run our own private cloud so it's our bare metal.
     
  10. tater

    tater Active Member

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    Welcome to the forum. Stack what you like, there are a lot of different ways of doing it. One think that I wish I would have done early on is when I bought my gold to have bought 2 half ounce coins once in awhile and not all one ounce coins. You never know if when you'll need to sell one and if you don;t need the money from a whole pounce why sell it. JMO
     
  11. alor

    alor Well-Known Member Silver Stacker

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    https://www.instagram.com/sean.dsouza.31/ got many products
    check out many other online instagram stackers/dealers pages
     
  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I haven't paid over $20 for silver but that's not very high anyway. Especially not if youre holding for 30+ years haha.
    I have paid right at $20 for a few ounces but didnt sweat it. I wanted the coins so I got them.
    It's only a dollar difference at that.

    What kind of bullion is it?
     
  13. swoydaz

    swoydaz Well-Known Member Silver Stacker

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    Um.
    All I’ll say is I wish I was never conned into silver.
    And gold is God, as long as you buy as close to spot as possible,
    I will now take my medications and try to go to sleep.
    That is all.
    Amen.
     
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  14. Sawman

    Sawman Member

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    Speaking of Mexican Libertads, I'd like to have a 1 kilo Mexican Aztec Calendar for fun!

    upload_2020-5-5_17-8-2.png
     
  15. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Both have their uses but for wealth preservation nothing beats gold.
     
  16. Faraz

    Faraz Member

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    I do the same, Silver spot price is $23.4 AUD and dealers asking $33.40 - $34 Approx %50 above spot price.
    Unfortunately, I have stopped buying silver
     

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