Newbie saying hi and interested in your opinions

Discussion in 'Welcome New Members' started by Johngalt64, Aug 7, 2019.

  1. Johngalt64

    Johngalt64 New Member

    Joined:
    Aug 7, 2019
    Messages:
    4
    Likes Received:
    2
    Trophy Points:
    3
    Location:
    Australia
    Hi
    A long time user of BMW forums and then it occurred to me to join a precious metals forum to learn a bit. I suspect there are also a few readers of Ayn Rand in here. I am about to pull the trigger on some physical purchases of silver mainly and perhaps a few ounces of gold. I have been watching and reading for little while now but I have been of the opinion that things are on a shaky foundation. I have USD to spend and was thinking 1kg, 10oz, 5oz in bars and then a mix of coins/rounds through SD Bullion and Perth Mint on the AUD side being my local. I have always liked silver from a young age but should I include some fractional/gram gold and a few 1 ounce bars or just use my money to buy silver? I am not looking to trade it just as a hedge against inflation and I dont trust the banks as far as I could spit them and with the new bill introduced to parliament to make it illegal to use cash for business transactions over $10k I feel its a slippery slope we are heading down.
    Is say 2000-2500 ounces diving too deep first off?
     
  2. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,089
    Likes Received:
    571
    Trophy Points:
    113
    Location:
    Great Western Country
    Warm welcome here.
     
  3. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,142
    Likes Received:
    1,054
    Trophy Points:
    113
    Location:
    Melbourne
    Perhaps test the waters with smaller quantities first to see what you like and see where the price is moving.
    You can't go wrong in silver with any size really. 10oz plus bars for stacking and 1oz rounds and Predecimals for bartering/trading/selling.
    In terms of gold I started with 1oz bars and larger fractions (1/2,1/4) but made the move to all 1/10 oz because I feel like the price is at a stage now where moving larger pieces is getting harder.
    Just my two cents.

    Warm welcome to the stacking family and one of the most expensive addictions besides snorting coke.
     
    jultorsk, Oddjob and madaw1 like this.
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,142
    Likes Received:
    1,054
    Trophy Points:
    113
    Location:
    Melbourne
    By the way you're about the third or fourth John galt we have on here. You guys should have your own forum subsection for get together at this rate!
     
    Last edited: Aug 10, 2019
  5. Johngalt64

    Johngalt64 New Member

    Joined:
    Aug 7, 2019
    Messages:
    4
    Likes Received:
    2
    Trophy Points:
    3
    Location:
    Australia
    Yes I realised that after I signed up....Greenspan was a disciple of Ayn Rand but he sold his soul to the system. Gold is certainly on tear today but I tend to think smaller units in gold will be easier to sell randomly I would have thought. I have no debt, roof over my head and no wife but whilst not a doomsday prepper I am thinking about some land and flipping the bird at the system
     
    stackmans and 66rounds like this.
  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    7,371
    Likes Received:
    2,382
    Trophy Points:
    113
    Location:
    House Corrino
    Might just be a good time to buy indeed. Welcome.
     
    66rounds likes this.
  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    851
    Likes Received:
    599
    Trophy Points:
    93
    Sounds like a good plan.
     
    66rounds likes this.
  8. StewyD32

    StewyD32 Well-Known Member Silver Stacker

    Joined:
    Nov 11, 2016
    Messages:
    800
    Likes Received:
    323
    Trophy Points:
    63
    Location:
    Western Australia
    Welcome along
     
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    2,918
    Likes Received:
    2,966
    Trophy Points:
    113
    Location:
    Oz
    GALTFEST 2019
     
  10. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    2,918
    Likes Received:
    2,966
    Trophy Points:
    113
    Location:
    Oz
    G'Day and welcome.

    What you buy is subject to your needs / investment criteria. As 66rounds noted, spread the purchases across a range of different AU & AG bars and coins / rounds. Some good buying here in the SS forum.
     
  11. Ian Gillman

    Ian Gillman Active Member

    Joined:
    Jan 28, 2018
    Messages:
    107
    Likes Received:
    72
    Trophy Points:
    28
    You have a good mix there, nothing too big which would be difficult to sell and nothing so small that it gets a large premium. As you buy stuff and look at stuff you will get a feel of what you enjoy buying and what interests you.
     
  12. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    895
    Likes Received:
    553
    Trophy Points:
    93
    Location:
    Canberra
    Welcome indeed.

    Big chunks can be harder to move. I know your stacking but one day you may want to sell some. Smaller sizers are easier to move.

    Good luck and enjoy.
     
  13. Number 47

    Number 47 Well-Known Member

    Joined:
    May 31, 2018
    Messages:
    252
    Likes Received:
    339
    Trophy Points:
    63
    Now I'm getting suspicious...

    I'm almost willing to bet one ounce of silver that while we have 3 Johnlgalt's here there's probably only 2 IP Address between them.

    Anyhow, if your genuinely an new Johnlgalt, then welcome along.

    I like 1kg's 10 oz and 1966 50c pieces In silver.

    I'm sticking to silver for now, I think that it has better potential than gold, but that's just my opinion.

    If your planning to flip the bird at the system then you might need to move planets.
    It's just not possible here on earth, especially in Australia. Yo never actually "own" your land here, anyone can be forcefully evicted to make way for projects, you'll have to pay rates, or be evicted and have your property sold on your behalf ... then there's registration, fuel, taxes, laws, licences, fees.. and the list goes on and on and on.

    Best bet is to simply enjoy what freedoms and privileges we have left and work the system in your favor to the best of your ability.
     
    Ivykoin, pi and JohnnyBravo300 like this.
  14. Slimey

    Slimey Active Member

    Joined:
    Jul 20, 2019
    Messages:
    158
    Likes Received:
    195
    Trophy Points:
    43
    If you are looking at 1kg bars, consider a group like ABC bullion. I know you lose a little when you sell but it is better than keeping those big paper weights at home and easy to off-load when you need to.
     
  15. ozcopper

    ozcopper Administrator Staff Member

    Joined:
    Jul 17, 2009
    Messages:
    16,364
    Likes Received:
    2,193
    Trophy Points:
    113
    Location:
    Australia
    Welcome :)
     
  16. JOHNLGALT

    JOHNLGALT Well-Known Member

    Joined:
    Apr 3, 2017
    Messages:
    2,625
    Likes Received:
    872
    Trophy Points:
    113
    Location:
    Country Victoria Australia
    Welcome to Silver Stackers Mr. Galt sir.

    The more who go Galt the better the world will be.
    Happy stacking. _JOHNLGALT.
     
  17. Johngalt64

    Johngalt64 New Member

    Joined:
    Aug 7, 2019
    Messages:
    4
    Likes Received:
    2
    Trophy Points:
    3
    Location:
    Australia
    Yes I agree but there seem to be more of the Wesley Mouch's and James Taggart's in the world these days :)
     

Share This Page