Hey everyone i could only stack 4oz a month and was wanting to see if people think it is still a smart idea even though you can only stack in small amounts I know over time you would accumulate a reasonable amount, thanks everyone
No Gold is what you want,many other want gold too but silver is so cheap compared to gold most people stack what they can afford! Silver.
4oz is about what a high paid Roman worker would earn in total for working an entire month during the Roman Empire.
Pretty good pay conditions! Did the Centurions get extra silver for wearing that skimpy Mediterranean armour during the British bleak cold winters
That's seems very wrong. Oh and it was 16 asses to 1 denarius which was 1/10 of an oz of silver. A very skilled wage was less than an oz a month. And yes stacking some silver is far better than none at all. Go for it.
I'm in a very similar situation to you (full time student), and it's definitely worth it. Just as a quick tip; it's generally cheaper buying once every few months with a single 10oz bar as opposed to ten 1oz coins, and do consider stacking predecimal australian silver/ 1966 50c as they generally carry a much smaller premium and modern minted bars. Good luck!
When you're buying at that monthly level, you need to find a way to avoid getting crushed with shipping charges. You'd be OK if you're buying from a LCS, but most of the online vendors hit you with shipping charges for >$100 orders and those shipping charges would boost your cost up to an unacceptably high level. Beware the shipping charge demon.
If you have anything else debt related to put your money into, like a hoe loan or credit cards, then you will be infinitely better off put they money toward debt reduction.
No. Save yourself and just buy gold.. silver is a crazy twisted mind f*** that u dont want to get involved in.
I think I'm missing all the fun somehow... And yes, buy small amounts, preferably in person. That way you get to know your dealer too.
At these super low spot prices of silver, undoubtedly it's a great time to buy no matter how small a quantity it is. .
Silver isn't cheaper than gold, it's less valuable. 10kg of cheese is cheaper than gold too, why not buy cheese. After all, you get a lot more for your money. Buy 5grams of gold every three months. Gold is safer. If not as tasty.
I just recently hopped back in and been buying up silver and gold. I think we could be possibly be creating a new bottom for silver/gold prices. If this is the case, IMO any quantity is a good move.
Is it worth it ? Good question. Silver coins hmmm. So problematic in recent years with multiple issues of impairment. Bars, plus generics are a safer bet usually. But be careful not to buy fakes or low quality crap silver bars that is full of unwanted crap. Gold is looking a better option these days as the GSR never fails to climb. I think diversity is the key. Real estate, quality stocks, gold and silver are all good but need to be managed carefully. The greatest asset is you. How diverse can you be in a changing world of rising and falling costs ? Are you prepared to renegotiate home loans or change contracts with energy companies. Are you willing to buy food in bulk to save thousands per per annum ? Are you prepared to grow some food and cut wood for heating with the added benefit of a free gym workout ? All these things above I do. Be proactive. It's so easy to belly ache and complain about the world around us ( including me at times ). Don't be like the majority in the world or on the forum who are non actualisers when it comes to building real wealth or happiness. Buying 4 oz of silver per month is a good start, but will not be enough long term to sustain you or your family financially in the future. There is a lot more tweaking that can be achieved to get ahead outside of just bullion.
"Cheaper" or "less valuable"....it's the same difference when talking about blobs of metal. Semantics like that is not productive. .
