Hi they brand new to this and just wondering what articles and websites should i be reading to predict prices etc and just generally learning ? also is everyone here stacking for a retirement fund or incase of global meltdown ? and lastly do u just stck silver coing and bars of some silver and small amounts of gold ? Thanks Dean
Hey Dean! I'm new too. I'm stacking for long term (possibly for my baby's college fund) so I'm looking at somewhere between 10-20 years. I personally don't think the silver will help much in a literal global meltdown, but we'll see I compared silver to gold and personally I like silver better. I can't afford much more than a 5 gram gold bar at any one time and if I spend $300 on silver or $300 on gold, I think the silver has a better chance of a higher return rate (assuming both return to previous highs). I've found nothing worth reading that to me is an end all be all, I just look for a variety of opinions, which is honestly why I'm here at Silver Stackers. Most (if not all) seem to think, regardless of situation or reason, you can't go wrong with a little hard PM stashed away somewhere you have direct access to. And I agree Joel
Hi Deano. I'm pretty new to this too. Saw this book referenced on many sites. Bought it, but have not read it yet. http://www.amazon.com/gp/product/0446510998/ref=oh_details_o00_s00_i00 I've read some of your posts here. My idea is to stack as many bars as possible, but also buy some coins than "catch my eye." To that end, I have found the following site interesting for it's easily found display of various world coins. http://www.1oz.si/index.php?route=product/category&path=39 As a disclaimer, I admit I have made one purchase from him. Good prices, easy PalPal, and surprisingly quick and cheap shipping from Slovenia. I am in the US. Otherwise, no connection to the site. Have fun, and enjoy this great adventure! Bill
No one source is going to give you everything you need and quite a few are pushing an agenda or trying to sell you something. Most people stack for several reasons and their stacks reflect this, I have junk silver in case of a meltdown (or as something to sell to people who think there is going to be a meltdown). I have old world coins for my collection and because I am trying to put a treasure chest together full of coins you can actually touch. I have .999 silver coins because they can be collectible and if silver doesn't go up then the coins will appreciate in value as people look to complete their collections. I have silver bars because silver is silver and if it goes to the moon then I want to be able to sell silver without worrying about the pretty coins melting. I have gold because despite silver having the most upside potential in my opinion, the banks tend to disagree and they are buying up gold. They know more about this sort of thing than I do and I figure if they are getting gold, I should too. Predicting prices is pretty much impossible. Learning lots is a good idea though, an afternoon following links on Youtube will help if you promise not to believe everything they say. These forums generally post up links worth a read, the DailyReckoning will send you a free email about world economics everyday and they are very keen on gold and also silver. There are a few books but I have never read them, there is plenty of information freely available on the internet. "Money as Debt" http://www.youtube.com/watch?v=rC720Cl3N-0 is a good place to start as an overview as to how we got into this situation, I had to watch it a couple of times before the penny dropped but I am a bit slow when it comes to cons on such a massive scale.
Please do not distribute copyright violation material via this website - I'm not aware of this being available for free as a legitimate download.
Hi Dean, Where you start your research depends on how much you already know about the world of investing, finance, economics, etc. "What is Money?" with Joseph T. Salerno is a good video to watch but doesn't relate to buying metals. http://www.youtube.com/watch?v=vowbrq_g5NM As others have mentioned Mike Maloney's book, which mainly deals with monetary history, is a good starting place. You can pick it up on Amazon cheap as chips. His website is also a good portal for news and I check it daily. http://goldsilver.com/industry-news/ For an unbiased opinion of where prices might be heading I subscribe to http://www.youtube.com/user/TheTechnicalTraders and the free newsletter at http://www.leadingtrader.com/. Mod/Admin: a thread like this would be good as a sticky, if one doesn't already exist.
well thanks a lot everyone for all them sites and videos very very helpful i will start reading, think i might try in tinvest into bars and maybe some coins also i may try buying some gold eventually when i can afford maybe when price drops a bit, also i know no one know when prices are going up when they reach there peak but once it rises before they go down do u get clues etc i am also in it for the long term and plan to stack for years and years until have kids and they all grown up lol or maybe retirement fund, just hope in the long run prices go up thanks again Dean
Hey Dean - if you've not yet seen Mike Maloney's 90-min video, it's well worthwhile, and still relevant (free): http://goldsilver.com/video/debt-collapse-20-000-gold-mike-maloney/ I have his book too and it's very helpful. I also love the Daily Reckoning to keep the non-mainstream view going and find a bit of balance outside of just pure PM permabulls.
There's gold for sale here on SS from $50-100. Just buy one or two pieces and you'll find it attracts more and more. (a bit like Terminator 2 reassembling himself). That's how all those atoms and molecules created 'The Welcome Stranger'.!!
Hi Dean, I've found this site to be somewhat helpful. There are usually 10-15 articles posted every night that the authour has collected from around the internet related to silver/gold/economies. http://silverandgoldcoinblog.com/ the_a
some sites I read (with a grain of salt): http://www.bullionbaron.com/?m=1 http://www.tfmetalsreport.com/ http://www.zerohedge.com/ http://www.jsmineset.com/ http://www.clivemaund.com/ (gold / silver market update down the bottom is non-suscription)
