My first stack

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Just started my meagre stack with a 1kg Silver (cost$670 Aus did I get ripped off?).

Looking to slowly build up as the price comes down.

Going to store it (& its friends) in a Safe deposit box until there is a bit of market jitters in which case I will sell hopefully sell the Silver high and plunge it back into depressed stocks. That is my plan.

Think next year the Aussie economy will come under pressure (talk of an early election before the crunch hits).

Feels good to join the stacking club. :)

What are everyone else's plans for making money out of Silver/Gold?
 
Welcome to the stacking club. Have you put the bar down yet? :p

Making money from PM's? You'd need to trade paper or get into numi's...
 
Bastiat said:
What are everyone else's plans for making money out of Silver/Gold?
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Everyone has plans to do it, but it never happens.
Be prepared for silver to sit flat for 5-10 years, it's a real possibility.
 
I dont plan on making any profit on silver.

Before I started buying small amounts of silver just over a year ago my money was spent on "fads" see it want it buy it.

I now have a few thousand $ in silver and gold that is still worth somewhere near to what I spent on it and possibly always will be but if I would have continued spending on rubbish I would be a few thousand $,s poorer.

I still cant commit to the big buys though? 2-500 dollars a month still feels safe to me.
 
Ahhhhh so naive I remember when I had that Gleam in my eye

You'll probably never make and if you're lucky enough to it won't even cover the outrages premiums paid on "collecter coins"

But hey it's something you'll enjoy so well worth it
 
Goodluck for stacking,

I buy and forget, 10 years ago i had difficulty in accumulating, year by year it seems the same, till now difficulty maybe the same, the difference now i have the stack. i never sell even 1 of them. No matter how much the price i bought them, some of them found ugly today but i seen a beauty of them years ago, sometimes its big ouch as prices falling down like womens und**s,:D I don't wanna think if it is smart or dumb. It's a dead money for me.

No stress, no pushing, Keep stacking and enjoy:):):)
 
Yeah I am not taking this too seriously. It is one form of investment among others. Really it is just a hedge against any financial turmoil (even though I look at is as a commodity like anything else).

Does feel great in my hands though.... This might get addictive....
 
Welcome to the forum Bastiat!

If you are like most stackers, you will find it very difficult to pass up good buys on silver / precious metals. Is this called being addicted? Not necessarily but there is a fine line between finding great value in precious metals and finding precious metals invaluable.


:)



.
 
It be sooner rather then later because the state of the world is stuffed.

If another GFC happens soon and silver goes same high as before people will look back to this time and think how it was a golden time to buy PMs.
 
Bastiat said:
Just started my meagre stack with a 1kg Silver (cost$670 Aus did I get ripped off?).
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Welcome! That's a hell of a start - stacking Kilobars is a great way to go in terms of minimising premium. I respect the commitment though, most people start on 1oz coins or maybe 10oz bars. Don't forget you should have a range of sizes, there are plenty of tips and tricks to get smaller sizes closer to spot.

Also keep an eye out for good deals on here - especially members buying PAMP monsterboxes and parting them out - which is a good way to get bulk metal. You can also use the regular meets with members in your capital city to deal.
 
Monsta said:
Bastiat said:
Just started my meagre stack with a 1kg Silver (cost$670 Aus did I get ripped off?).
Click to expand...

Welcome! That's a hell of a start - stacking Kilobars is a great way to go in terms of minimising premium. I respect the commitment though, most people start on 1oz coins or maybe 10oz bars. Don't forget you should have a range of sizes, there are plenty of tips and tricks to get smaller sizes closer to spot.

Also keep an eye out for good deals on here - especially members buying PAMP monsterboxes and parting them out - which is a good way to get bulk metal. You can also use the regular meets with members in your capital city to deal.
Click to expand...

Thanks, that seems like good advice!
 
Bastiat said:
Thanks, that seems like good advice!
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That's not advice of any form, which in these sorts of sites is strictly verboten. I was simply making you aware of certain things which you may or may not wish to avail yourself of ;)
 
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