Im a newbie at this and im eager to get my stack going so any info that will prevent me from any costly mistakes will be most appreciated.
Well you came to the right place, this site is full of it I believe I originally found silverstackers when I was discovering what 100mils silver was (luckily before I was silly enough to buy any). Welcome, and don't be afraid to ask questions!
Thanks Dabloodymess... I saw plenty of them on Ebay, i almost got fooled but i read the many negative feedbacks the seller had and saved me from an embarrassing purchase.
hello BS08 welcome here, so you want to know about costly mistakes? You could try real estate or shares first.
For my first question guys, im purchasing some precious metals from perth mint hopefully friday when my account is activated, should i even out my purchase between gold and silver? what do use recommend?
You need to ask yourself whether you want stability/capital preservation or investment return. Gold is more stable (although not so much atm with $30-40 price jumps over the last 2wks) but at $1800/oz it'll have to go to $2700/oz to get a 50% return on your capital. Silver at $40/oz only needs to go to $60/z for the same 50% RoI (return on investment). So you can buy more silver with the same amount of fiat currency than gold. Also silver is heavily used in industry and once consumed is gone for good; therefore the amount of silver available is dwindling. Whereas gold is hoarded/stored so the majority of gold ever mined throughout history is still in existence today. However silver is a much smaller market and the price gets heavily manipulated by JPMorgan and co, so it tends to be more volatile in price. So simply stated, the primary role of gold = preservation of wealth; silver = investment (with some wealth preservation benefits) . Though I'm sure others will beg to differ Alot of stackers here have a mix of the two depending on how much cash they've got. If you're strapped for cash then buy a couple of silver coins to get started, since you can keep adding to it later on. Also you can buy 1/10oz or 1/4oz gold coins to get some exposure to gold as they are cheaper than the 1oz and therefore more liquid if you need to sell them quickly. On the other hand if you've got plenty of cash (ie. $10,000+) then get more gold to preserve your wealth and set aside a smaller % in silver as an investment play (eg. 70G:30S). Again it depends on what you want exactly from holding physical precious metals. Have a look in the Buy/Sell deals section to get a gauge from other stackers as to how much you should expect to pay, and without the excessive markups from the Perth Mint Hope that helps, PS. If you want to thank someone's post then you can click the 'Say Thanks' button in the bottom-right corner next to the 'Quote' button, instead of posting a thanks msg each time someone replies. Saves the forum from getting clogged up
Very Helpful Information... Hey Aurora et luna i made my first purchase from your site yesterday morning. I cant wait to receive my first silver bullion bar. I fell in love with the southern cross silver stack...
