Hello and a Wave from a Newbie Stacker

S

SilverStorm91

New Member
Hello Everyone,

New stacker here. I've been following silver closely for the past six months or so, at the advice of my brother-in-law. I have followed gold prices for a couple of semesters in college in the mid-80s, haven't done much since.

I spent a lot of time (couple of decades) career-focused, followed by getting married, having kids and all that. Have developed a decent nest egg over that time, and at mid-career, I decided it was foolish to have ALL my investments in paper-based assets. I'm pretty concerned about currency debasement and what that means for the average Joes like me out there. So, I finally made the decision to get some physical silver.

I had been doing a lot of reading, watching videos and talking with several folks including my brother-in-law since January or so. When the DJIA hit 15,400 or so, I converted some of those stock fund dollars into REAL money. Woohoo!

I saw silver go to just under $22, which looked to be a sideways pricepoint based on historical charts, so I got 1000 oz. The next week or two it goes down to the upper $19s. So I doubled down on another 500 oz.

My stack is pretty evenly split between semi-numis like Eagles, Maples, Libertads, Austrian Phils and bullion from OPM, NTR and GSM, 80% rounds and 20% bars all in 1 oz measures.

It's hard to describe how much confidence I have in this investment. I was showing the coins and bars to the kids and tellign them I would like to pass these on to them. It's strange to feel to good about finally not being so exposed to the fake fiat currency winds.

Anyway, any advice folks might have for a newbie would be welcome.

Cheers,

SilverStorm91
 
I'll leave the advice to others as I don't believe I am experienced or qualified enough but will say welcome and well done.
A great time to take the chance, much less risk of a devastating loss as other investments or even a bank account. How times have changed.
I am certain you will do very well.
I hope so because if you do well, so do I and all the other stackers also.
Actually, you stand to do far better than most given the timing of your entry. :)
 
Welcome SilverStorm91, I think you have started at the perfect time. Spot might have another drop lower, or the bottom might be here, who knows. Everytime I think the bottom is probably going to start forming we seem to drop further, so maybe more downside. Which for a new stacker is only good as you can increase your holdings further.

I am also relatively new, I started investing in silver about 4 months ago. Great time to start in my opinion.
 
SilverStorm91 said:
Hello Everyone,

New stacker here. I've been following silver closely for the past six months or so, at the advice of my brother-in-law. I have followed gold prices for a couple of semesters in college in the mid-80s, haven't done much since.

I spent a lot of time (couple of decades) career-focused, followed by getting married, having kids and all that. Have developed a decent nest egg over that time, and at mid-career, I decided it was foolish to have ALL my investments in paper-based assets. I'm pretty concerned about currency debasement and what that means for the average Joes like me out there. So, I finally made the decision to get some physical silver.

I had been doing a lot of reading, watching videos and talking with several folks including my brother-in-law since January or so. When the DJIA hit 15,400 or so, I converted some of those stock fund dollars into REAL money. Woohoo!

I saw silver go to just under $22, which looked to be a sideways pricepoint based on historical charts, so I got 1000 oz. The next week or two it goes down to the upper $19s. So I doubled down on another 500 oz.

My stack is pretty evenly split between semi-numis like Eagles, Maples, Libertads, Austrian Phils and bullion from OPM, NTR and GSM, 80% rounds and 20% bars all in 1 oz measures.

It's hard to describe how much confidence I have in this investment. I was showing the coins and bars to the kids and tellign them I would like to pass these on to them. It's strange to feel to good about finally not being so exposed to the fake fiat currency winds.


Anyway, any advice folks might have for a newbie would be welcome.

Cheers,

SilverStorm91
Click to expand...

Welcome mate. Smart fellow!


My only advice would be to now buy bars to increase you oz bottom line. If you have enough small denominations I'd go for maxxxx metal for the $, meaning bars.
 
Welcome! You don't seem that much of a "newbie"!
I see you have a nice stack there, pretty impressive!
And you've had experiences in stocks...

I wish you and your family all best! Good luck with your investments!
 
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