i started purchasing silver a couple months ago and got hooked pretty quick. i like the idea of buying silver because (1) it's relatively cheap, (2) it is cheap compared to gold, and (3) it lets me get the consumer's "high" of purchasing something while actually saving or investing. i didn't know there was actually a hobby called stacking until i started looking for tips on buying silver - which apparently there seems to be only two: (i) buy silver as close to spot as possible, (ii) and buy a safe. [insert discussion about coins v rounds and 100 people telling you 100 different theories]. personally, i'm in my early 40s and figured that thati do this for the rest of my life that i can buy silver when it's cheap compared to gold (high ratio), convert the silver to gold when the silver is expensive compared to gold (low ratio) and buy gold, and then when the ratio goes high again, trade the gold to silver....and continue to do that on what it looks like is anywhere from a 6-10 year cycle. by the time i'm ready to kick the bucket, i can leave a nice treasure chest to my loved ones (or be buried with it, an eye patch, and a dead parrot). i'm located in the midwest united states and have found that buying online seems to be far more efficient and that i get far better prices that way too. i'm open to any suggestions that anyone has to increase my stack. i'll try and contribute where i can.
Welcome! I am also keen on the Gold Silver Ratio swaps but I use unallocated metals, way more convenient and cheaper than posting physical metals around and less likelihood of theft. Also many people advise against having a safe in your home, I have a safe but it is full of documents, the silver sits on top of it as it takes up too much room. I also have my treasure chest full of silver coins, more of a small box than a treasure chest but it still counts!
Welcome, AS Tip one: Buy what you like Tip two: Store it somewhere I like low premium too, but it's not all about that.
