Hello Everybody

Lucky · Aug 24, 2011

Welcome. I opened an account at Perth Mint but have never used it. Silver Stackers is far better price and selection. Check out sales threads and site sponsors.

BullionStacker08 · Aug 25, 2011

Just curious guys has any1 purchased anything from bullionmoney.com.au?
Just need a thumbs up so i can make my first purchase...

Ossie · Aug 31, 2011

Just saw this post..
Can't believe we didn't get a thumbs up by any SS members?
We know most of our clientele is non SS but surely some of you buy from us?

Anyway bullionstacker I can vouch for us.. Lol

Dandan · Aug 31, 2011

Au.Ag.Mzch said:

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
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Fantastic post... thank you

Guest · Aug 31, 2011

Dabloodymess said:

BullionStacker08 said:

info that will prevent me from any costly mistakes will be most appreciated.
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Well you came to the right place, this site is full of it
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:lol:

That's a rather ambiguous response there DBM...was it meant to be?!?

No, I'm kidding, this is the place to be if you want to gain knowledge about gold and silver and economies in general.

I have only been a member since about May/June but I feel I am coming on as a stacker.

(but spending a wee bitty too much money in the process, mind you! :/)

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