As stacker's. we buy and hold an investment YET another aspect that can be UN-investment like separates the BUY from investing is our desire to have it . Choosing what appeals to ones self can lead one down a path of surprise . Ones location and the buyers that are needed for a fast sale is a consideration As stackers we must consider worst case scenarios . Silver / Gold other PM's may have a customer some place but should the final hour occur & funds are needed . can you sell as INTENDED ? . Generic blobs spot under buy back can change BIG .odd ball holdings like a 2 ounce coin the buyer might not want or a one gram gold bars may not be trusted . Lots to consider in the last hour . Hunting out a buyer to sell your 2.5 gram platinum bar / having your 2.5 gram gold bars looked at with suspicion and passed on or a buyer may not want your 40% silver currency . Can cause a re think Even Pandas can be viewed with suspicion from buyers & passed on I for one have experienced the trials and tribulations of truth , that all the glitters is not gold to others. I have determined if I am to have holdings .The safest holdings ( but not limited ) American or Canadian and other Silver / Gold coinage is safest I have found silver bars from 5 oz up are well received and 1 oz generic Gold coins at 1/10 are very well received but 1 ounce requires a buyer with capital that surpasses others. I recommend to stackers to buy what in the tenth hours can be sold fast & with surety
I think your advice on 1/10 is spot on! (No pun intended!) In retrospect I think it a very liquid size and I'd choose it now over 1/4 which is my current enthusiasm. Recent offers of Sovs and $200 coins here on silverstackers were very slow to move, which I was very surprised to see. Sovs especially, as I thought they sold instantly, but now we're looking at near $500 a piece, it means it's more than leftovers from the week's savings target. Mind you, 1oz and Sovs would be my choice if you're buying for the grandkids. As for silver, 1oz rounds and 50c are the choice for me. Thanks copperhead. Good topic.
I'd like to mention yesterday , see I needed about $2000 I had started a new job that I had to wait the extra week to get paid , as per many companies do payroll as such Any way I was strapped I have a stock portfolio That has been holding tight at 35% up & just did not want to liquidate it even if it's paper . I figured sell off some PM's and replace as my new job is about 40 % more pay . WELL was I in for a rude awakening . I walked in all proud of my items . The market is low and the buyers here are $2 under two years ago it was .75 to $1 under . I got him to go $1.65 but he did not want any of my 2.5 bars gold even the SMI - Sunshine Minting . I sold what I had to . Thats what inspired me to start the post .I see the market can get Fickel . I'm glad I had the Silver to get me out of this pinch . Buying is one thing Selling is a very important learning experance it teaches you the truth of what to own . I want the sure thing . So if your out there Buying and Buying don't get caught holding a hard to sell PM After all it's goes aganst all we stand for .
Selling is the huge advantage of PM accounts like Perth Mint or others that don't involve physical exchange of metals on your part. You can sell instantly at any time without any hassles.
Yea, I hear you on this .I consistently struggle with the consistency / makeup of my stack. With just that thought in mind ( selling ) . Thank you for your input on this all, I have found this very insightful.
Nothing was as clear as to me when I offered this The buyer STRONGLY said I'm just not comfortable buying bars I bought fakes before My suspicions are strong he said they are probably real but I don't want them So I sat there to myself Hmmmmm wow ! this is earth shaking as a stacker Then I showed him this Smooth as silk was the sell ......... Lesson Learned -------------- I also had this with ZERO interest to buy My investment was $180 for the Two 2.5 gram Platinum bars I had The lesson was simple $180 in Platinum $1000 in 2.5 gram gold bars and can't sell here at least !! WTF why did I just not buy more 1/10 ? You know why ? I'll tell you why ! See when I was purchasing some silver I'd push a little harder and buy some more affordable Gold with order Just another $25 or so would of bought the readily excepted So when you read descriptions and read THIS from JMB or Provident Sovereign bullion " Silver Eagles provide a simple, stable method of investing in silver " When you consider how other silver is sold at JMB and the like's they keep it light with the wording to not harm other sales " stable method of investing in silver. " the word STABLE " It has meaning
There are many like this such as https://www.bullioncapital.com/metaldesk-platform/ where you can buy pool metal (lowest/no fees), or allocated bars or coins. Some of the dealers have them too: https://www.abcbullion.com.au/storage-and-delivery/storage https://www.goldstackers.com.au/storage/ These are all Aussie ones, the US would have dozens of similar solutions. I don't really understand the "If you don't hold it you don't own it" crowd. Many them will keep their stuff stored in a safe deposit box at some private facility anyway, thus not "holding it" themselves, so might as well just keep it at these other places and avoid delivery and handling fees, and in the case of pool metal often zero storage fees. And if you sense a change in the market or economy or government etc then you can have your metal delivered in a day or two, no big deal. The odds of the government shutting down all access to metals instantly without any notice or signs at all is practically zero. Sure, keep a few things at home to fondle, but keep the bulk at a dealer where you can sell instantly is needed with the prevailing spot price.
We are the ones who decide what is to much to store at home , But admittedly once your stack takes on some true physical weight you know you are starting to own some thing . Soooo you put it in the bank safe box & the little voice in your head says hmm if banks close I can't get in & the box cost $75 per year OK well get a safe for the home .... hmm little voice in your head says if my home has a home invasion at Gun / Knife point will I open the safe ? Do I tell other family members location of safe ? Can I trust other family members to not blab to others ? Will home invader terrorize my 14 year old who is home alone ? If I die does the location die with me ? Lots to think about
Yup, and another reason to have the bulk of your stuff at a big dealer, or maybe split between multiple ones if you want to spread any risk. Some places allow you to set up a beneficiary contact for the account in case something happens to you. And you can tell anyone about your account with little fear of it being hacked. Too many issues with keeping your stuff at home, with almost no practical upside.
Agreed. I have noticed quite a slowdown recently here on the sales thread, even though spot is currently low (for silver). The items that seem to get a good price are very low mintage XAG/YPS coins and bars. Coins 2-3$ over spot get snapped up fairly quickly too. All other items seem to struggle and semi-numi and proofs do not move as fast or at all. Buying as close to spot is the best strategy I feel as majority of buyers are in the near spot segment. I think a diversified stack is important too as the buyer sentiment and interest changes over time. I think everyone should do a test run of trying to sell their items at LCS, eBay, Forums before heavily investing into a type. Having a 3-6 months of expenses covering emergency fund in cash is imperative regardless of how we feel about fiat.
