How to start stacking silver?

There are Britainia Junk from the coin shops
The recent Britainia 99.99% silver that you can obtain from the coins dealers or the Britain Mint.

Side note: There silver is subject to VAT tax in Europe & Britain.

There is also a Silver Forum up in Britain/Europe call the Silver Forum run by chrissilver..

Hope this helps and good luck young man!!!

I am in Australia..
 
After you start working an have an idea of how much your making calculate how much your bills will be if you have any. Factor that out and then set yourself up a safety net so that if you lost your job you can still cover bills. Your 16 so I'm assuming you have a plan to move out a few years down the road, I would start putting some away for that aswell. After those 3 things see how much you have left over after playing and buying stuff you should be at 16 and then start using the left over to build your stack.
 
Golden ChipMunk said:
Side note: There silver is subject to VAT tax in Europe & Britain.
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There are exceptions to that. VAT or margin tax is a choice, some (most) make the latter, others make the former, and the latter hate the former for it.
I suspect some dealers (and certainly in a past) used VAT as an excuse for their high premium, despite it didn't appear on the invoices they sent.
German dealers were for a period an alternative to those scammers, until governments made price agreements (they nicely name it "harmonisation" ofc) and that German story came to an end. Although I don't know the degree at which German dealers shifted their choice, maybe there are still exceptions there.
Ex a maple leaf now costs at gold-super-markt.de 19,52 . A philharmoniker became the most expensive one, 23,30 , since the Austrian tax also applies due to the dealers choice of tax regime. At another dealer, gold-silver.be/en/ that same maple costs just 18,02 .
But at my last purchase, a maple costed 15,10 . And why? Because the was then 1.4 and is now 1.1.
There's a rule out there: hold or buy weak. My euro was/is decade-weak, and considering the stockpiles out there, and the price still high on that same decade scale, silver doesn't appear to me as weaker. So I hold the euro's, for more silver later! :D
 
I started by taking a monsterbox and place it.
Then I took another monsterbox and place it on top of the first.
Though I started at a wrong price, and would have had 30% more monsterboxes, even with the current much weaker euro.
No need to predict SHTF events, mine was in 2011 haha.
Just to illustrate, "starting" has several aspects, and the choice of price can easily outweight the choice of dealer and the element of tax.
 
I would suggest starting with a plan. Figure out a goal, a strategy for building the stack and an exit plan. This will help you keep focused on your end game (whatever it is). It sounds like there are a lot more tax liabilities to be mindful of in the UK. Consider paper trading or another metal like gold or the platinum group metals. Don't neglect other assets either. Good luck!
 
Clancularius said:
I'm 16 and about to get my first job. Any advice on how to start stacking? :)
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He is only 16....

I wonder, If some of you guys do "Have People Management Skills"


Eureka Moments said:
Get laid instead.
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He is minor do you know???

Is this the best you can comes out...??? PFDH
 
I started stacking at 12. My personal advice would be to try small bars and silver coins. It's a great way to start small. As you make more money and get a full time job, then I would suggest buying 5, 10, 100 oz bars. But don't forget to save money for a car, repairs, and other things. (Including an education) :) But you'll find for now, starting in art bars and private ingots will be the best way to start. Good luck and have fun stacking!
 
Golden ChipMunk said:
Clancularius said:
I'm 16 and about to get my first job. Any advice on how to start stacking? :)
Click to expand...


He is only 16....

I wonder, If some of you guys do "Have People Management Skills"


Eureka Moments said:
Get laid instead.
Click to expand...

He is minor do you know???

Is this the best you can comes out...??? PFDH
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Must be good to have someone close to your own age around here.

Remaining a virgin hasnt done you any favors.
 
Eureka Moments said:
Golden ChipMunk said:
Clancularius said:
I'm 16 and about to get my first job. Any advice on how to start stacking? :)
Click to expand...


He is only 16....

I wonder, If some of you guys do "Have People Management Skills"


Eureka Moments said:
Get laid instead.
Click to expand...

He is minor do you know???

Is this the best you can comes out...??? PFDH
Click to expand...

Must be good to have someone close to your own age around here.

Remaining a virgin hasnt done you any favors.
Click to expand...

Mr Sadistic , I can see yours craving here... ( Damn!!!, I cant use the word P....ile)
You one sick sadistic wacko psychopaths....you'll need help here...

an insatiable and obstinate need for control is the main and most fundamental reason why psychopaths can't let go of their victims.
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Clancularius said:
I'm 16 and about to get my first job. Any advice on how to start stacking? :)
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Watch a few episodes of "benefits street"
Find a young girl/lady have a few babies and collect a free house and 350 odd a week from the government.
All the people on this programme seem to have plenty of money for big tv's ciggies and alcohol.
So maybe instead of the ciggies and alcohol you can buy 1/2 and full Sovereigns.

On a more serious note , if buying silver you will have to buy privately to avoid tax.
Silver stacking in the UK can be very very expensive.
I know stackers over your way that get most of their silver metal detecting and they get plenty.
So maybe invest in a wee Garret ace250 or similar?
Otherwise as stated above GOLD is the way to go in the UK.
You are a very very smart young man to be thinking about this so early in your career.
Good choices lead to success:)
 
Clancularius said:
nickybaby said:
Don't bother the V.A.T. Will kill you.

Stack gold instead.
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Isn't Gold a bit too expensive?
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This is somewhat faulty thinking.


100 pounds of Gold is worth the same as 100 pounds of Silver. It's just you'll have more physical Silver to hide.

If I were in the UK where, as people have pointed out, VAT is applied to the purchase of silver, I'd stick with buying Gold. My preference would be Sovereigns, but whatever takes your fancy. Here's a UK based forum discussing Gold and Silver, they should be able to assist you with more local knowledge http://www.housepricecrash.co.uk/forum/index.php?/forum/50-gold-and-other-precious-metals/


Good luck
 
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