Hey guys new stacker here.

Discussion in 'Welcome New Members' started by Teh silvers, Feb 5, 2011.

  1. Teh silvers

    Teh silvers Member

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    Hello all.
    My goal was to start investing in silver this year and have about 100oz's by the end of this year :)
    I just started stacking at the start of this year mainly 1oz kooks and a few koalas and some lunars rabbits from downies.I've got 100oz's already.
    I think I need to slow down otherwise I'll have about 1200oz by the end of the year haha.

    One question what price did you guys start buying silver at?
    And when will you sell your silver?

    Cheers.
     
  2. gnik1

    gnik1 New Member

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    Welcome from another newbie. 2nd week here and I know what you mean I have almost spent my annual budget for PM's this year going have to do some serious budgeting cut backs if I want to buy more.Pity I can't impose a PM levy :D.

    My ave strike for silver is $34/oz. Since I started 2 weeks ago.
     
  3. Slam

    Slam Well-Known Member Silver Stacker

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    Welcome to the forums.

    I started stacking last year in September, US spot was 21.80. My cost average is around $24.6. I won't be selling until I can get decent value for them relative to property. So its not really a dollar value I am looking for.

    Slam
     
  4. Teh silvers

    Teh silvers Member

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    Thanks for your replies guys mutch appreciated.
     
  5. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Welcome Teh Silvers
     
  6. goldpelican

    goldpelican Administrator Staff Member

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    Welcome.

    Depending on your reasons for buying silver, don't focus on the fiat value so much as the value of other assets in relation to gold or silver. Australian property is crashing in terms of precious metal :)
     

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