So I recently decided to begin stacking silver. I wasn't sure where to begin so I bought some pcgs pandas. Now mind you this was before I had the intention to stack. I quickly realized my mistake and now I do intend to sell them for numismatic value and replace them with ounces of silver. My goal is to purchase at least 35 oz each month. Going into march I'm at 23 oz. Any tips or advice is much appreciated, but don't focus on advising me so much as the whole community of newbie stackers.
I'll start. I suggest understanding exactly why you are stacking, and determine goals and expectations to adhere to.
^^^This. Also, stack to match you strategy. If you want oz's, then stack the biggest bars you can find/afford. Consider also some semi-numis, as numistics is where most money has been made in the last 18 months. And most importantly (for me)... stack what sells well. You will be advised that "silver is silver". Take this advice at your own peril, cause some silver wont sell like other silver should the need arise.
Lucky you in the USA with so many good on-line dealers selling at low margin and no tax. Count your blessing and stack while silver is cheap. Eagles and Maples are a good starting point before moving onto more exotics like Pandas and Perth Mint etc. Libertads from 1 oz to 1kg are very attractive coins. Once you reach your body weight in silver maybe stop ? Do you have a favorite seller ?
You need to do a newsletter. And I need to subscribe. I can't believe someone is on this forum and has a neutral view of everything. Most of my stack is 10oz coins/bars (whichever was cheapest at the time) and 1966 50's. Done!
My goal is to get as much silver as possible for my earnt euro's. My goal is to not sell people silver at a price that subsequently gets pushed down dozens %'s. My goal is buy only kinds of silver in quantity that are most liquid, ie alot people going for them. My goal is be a silver stacker with lotsa buddy silver stackers, forming a happy-together actionstory against the parasiting part of the population. My goal is to have lotsa coins for many small individual transactions over a long time. I'm NOT like those that buy 5 1000 ouncers as a paper in order to be able to quickly dump them should the need to surprise others arrive. I don't have goals and expectations with silver, I didn't have them with my former euro bank savings account, why would I need to have them with silver? "Investment"? Haha no, lol. Silver is for me just some money sitting 'round, in case I see stuff I want/need. And that's... it.
Tips for all you new stackers. Try to buy silver bullion coins that may gain numismatic status. Perth Mint 10oz silver bars are popular they seem to sell ok. Never rush-in to buy precious metal, there's always a bargain sooner or later. Understand how you will sell and the costs associated with selling. Try to buy in bulk so that you can get a decent discount. Try to avoid postage costs associated with purchases. Don't pay lip-service to security, make sure your metal is hidden and secure. Never tell your friends you have precious metal. Never go all in on any investment. Keep spare Aussie dollars for times when you see a bargain.
Minor additional points Use a delivery postal address that is not your home address Diversify and split your stack - different metals different values and different stacks Buy from people you know or have a track record Beware of the deal that is too good to miss If you are unsure let it pass
Been in this for a little over a year...and have learned much. My opinion now is that you should just get the cheapest silver you can get..here's my top 3 picks in the USA 1. Scottsdale Reserve 10oz bar - www.scottsdalesilver.com With free shipping on orders over $500, Scottsdale has extremely competitive premiums on a beautiful 10oz bar. Scottsdale is also a very well-known high quality brand, up there with Engelhard and Johnson Matthey IMO 2. Junk silver! - www.ebay.com or your LCS (local coin shop) Junk silver is pre-1964 90% silver US coins. This is how I get fractional silver at a low premium..but I only buy junk if I can get it for very very close to spot, within 50 cents shipped. I've found a lot of deals on ebay, you have to be patient but you can get silver for under spot at times. 3. OPM Kilo bar - www.providentmetals.com Cheapest .999 silver online that I've found. Only problem is it's 32.15 ounces in one piece, so you cant just sell 10 or 15 ounces of you want. I would start adding these after you have a core position of 10oz bars and junk silver.
I've been thinking about diversifying my stack with 1966 round 50c... I've never bought anything but Perth Mint products besides 2 sbss slave queen rounds. I reckon most stackers start with a silver is silver mentality but after awhile start getting into coins and rounds for numismatic value.
I stack silver bullion 5 oz ATB's (America the Beautiful s) as my first priority. They are close to spot price and they are a very low mintage and very nice to look at. Close enough to spot where it would not matter if society collapsed and low mintage enough, that they will only gain more value over time regardless of spot price. But the best part is the view. They are gorgeous coins. Do not bother with the 'P mint' collectors versions with the vapor blasted finish. Those are overpriced. Stick to the bullion version. The way to tell is, the bullion do not have a 'P' mark on the GWashington face.
Buy gold, it's safer. If you want excitement and risk, buy silver. Gold has less potential gain, but less potential loss. And you sleep better at night.
I am fairly new to silver stacking ( under 1 year) I started off buying all different stuff but have recently sold off/simplified. Now I only buy and hold: Ase 1 oz in tubes Sealed kook rolls Perth mint 1kg 1966 fractional 50cent Good variety that is liquid, tough to be faked and low premium. Kooks my only high premium stuff and you usually get that back and more upon selling. Also getting into the 10 gam 22ct $200 gold coins. Considering plat 1oz coins but still undecided...
If you see something and think "Wow, I can't believe others haven't noticed this. Better get it before they do!" Wait. Look closer. Be sure. Compare. Look elsewhere. If you have to, do it quickly, but do it. I found something recently for such a good price (so I thought) that I bought it weeks before I could comfortably afford it. I just couldn't let it get away and knew I could make a profit selling it. Those were some tight weeks and in that time I found a dozen others the same price or less. They would have been there for me to snap up, had I waited. Instead, I spent those weeks kicking myself and thinking up this post reply.
Never make the mistake of mixing up a Valcambi silver combi bar with a family block of chocolate wrapped in alfoil
-Pay off your debt (consumer debt) before stacking. Paying off debt is not nearly as exciting as stacking silver, but it will make your silver stacking decisions in the future easier and will allow you to stack more. Consumer debt is just bad for your long-term financial health. It kind of encourages you to borrow against your future savings/earnings. -In the beginning, if you have no knowledge of silver at all, it's also probably best to start off with the most recognized silver such as (silver eagles, canadian maples etc..) -Don't buy German Silver. -Don't buy the bullshit that you see advertised on tv... If it was really worth what they are saying it's worth then why are they selling it for so cheap? Go figure.
Until you learn and understand, look at the sponsors and reputable dealers and: Silver - buy bullion 0.9999 1oz coins that are easy to resell. Gold - buy bullion 0.9999 coins that are easy to resell. Once you sort out what and why and how it all works you can: Silver - buy the above plus bullion bars, 50c rounds, other rounds Gold - buy the above plus bullion Oz $200 coins plus sovereigns plus kruggerands when the price at is the right margin for your purchase plan. Keep in mind 'liquidity' the whole way along.
Jules can you explain a bit more what you mean by Gold - buy the above plus bullion Oz $200 coins plus sovereigns plus kruggerands Kind regards H
