I have to pay some taxes in 2 weeks the cash is ready to flow towards it . I know the standard desired silver amount to stack are 1 oz coins due to all the concepts & particular SHTF OK - now the silver shop I goto sells at $2 above and will buy back at $1 below and since I purchase regular he lumps me into a no Tax on any purchase as I do yearly buy more then $1000 . Question ? I was thinking to purchase all his 10 oz bars ( I picked up one yesterday ) he has 5 more the concept is in 2 weeks when I need pay taxes , I can cash in 50 or 60 oz of my 1 oz stacker's in favor of having in my stack more 10 oz bars . Then I can rebuild my 1 oz coins I am worried silver would drop and $$ could disappear , But - I could also earn some extra $$ So are 10 oz bars as desirable as 1 oz coins ? Is a little speculation worth a try ?
Only speculate with what you can afford to lose. If you need the cash to pay taxes in a few weeks I wouldn't be taking a gamble on silver rising enough for it to be worth the risk. 10oz bars are fine and are as desirable as 1oz coins, plenty of buyers for both if the price is right
I think, unless you are selling for a profit, or breaking even, keep your original 1 ouncers and buy your new preferred 10 ouncers until the time is right to maybe swap out the smaller stuff. As to using your tax money up front, do it and bugger the consequences! You can always make it up later, but own the silver now.
Thanks for the tips I guess I feel the chance of silver going $23 in 2 weeks is not worth the the chance , In 2 weeks I don't think it is going above $23 for the gain . so I see buying too many 10oz for the exchange is a waste. I have so far purchased my silver with money that would of been spent on wasteful things. So thats my main continuance to pursue . I purchased another 10 oz bar today , With the inspiration being , work harder , scrap out a bit more and see if I can avoid selling the 20 oz gain . But if I have to sell off 20 oz - I have no guilt & I can pick some that I can part with . But sammysilver is kinda correct get the silver and deal . Heck just paid power bill $400 car insurance coming @ $422 Evey body has got there hand out for my money . well it is a great feeling when you hold your bag of silver and its - - - like heavy , Like when did that happen ? well I want to not be able to pick it up thats my objective - 1 0z at a time and some 10's To bugger up has a meaning to me like some times you have to do some thing that might go badly BUT have faith in your self you can make good of it . Numismatic is the way for many . The closest I come to that are some of my vintage Silver dollars & I don't want to ever sell my maples or eagles Since I know I am some kinda wack job my new feeling is to have the 10 OZ and 1 OZ as very generic batches, that simply say what they are - business like to the point . Silver Town - Apmex & others offer the basic look to the point. I need this to minimize any attachment to some of the cutesy coins I have But I do like my prospector 1 oz , but you get the picture
No KEEP YOUR CASH TO PAY YOUR TAXES Don't know where you are and what the 1oz coins are, but if you can buy 1oz coins for the same price per oz as 10oz bars, buy all the friggin coins you can get your hands on - don't sell them !!
this shop sells silver as silver $2 above for all fractal grams 1 oz non currency Any Type you can imagine Currency types are $3 above There honest I have to say .
New York state Its a coin shop so the sale of silver is actually regulated to one area of showcase 6 foot by 2 and half feet and a safe naturally the rest of the show cases are Numismatics that I pay no mind to . ----------------- Do stacker's from Australia have to pay high premiums for 1 oz coins compared to larger size silver offerings ?
[imgz=http://forums.silverstackers.com/uploads/1798_fut_chartashx20140817.png][/imgz] We are in another price downtrend, since juli week 2. Look at the green trendline below. Look at the past. Look at all the bottoms (well, graphical tops) of the green trendline. They all coincide with bottom prices. Now, despite the passed downtrend, look how high (graphical low) it still is. What does this suggest? That the end of the downtrend is not reached yet. At least not on the shorter term. Your speculative time horizon here is 2 weeks. That's about on top of your nose. Know what that green, and red+blue, trendline is? That's companies that protect themselves against speculators. The farther these trendlines deviate from the zero line, the more dollars they chew out from speculators that buy now. Because, it represents the future/forward price share they have built up in the spot/cash price. What speculators pay extra now. And will receive less later, once the positions expire. Or get dumped prematurely, when they notice that speculators start to get aware and act accordingly.
Question ? An Individual that buys to stack , is - he / she - a trader ? not till they sell I figure . I keep track of my average price . about 25 of my oz ranged from $47 down to $32 . little by little 1 oz in the $20 range is starting to dominate my catch . I did have 20 1 oz stolen from me so that humbles my attitude any way I feel like life is a poker game - wining hands - loosing hands . as long as I don't give up I'm in the game . In the game is winning - sorta !!
