Help with silver stacking (later on gold stacking)

L

Luis G.

Joined
Jan 18, 2011
Messages
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Im starting to get into stacking silver as a rainy day fund.
I am going to stay with actual silver as the investment not rare mints with large premiums
I am starting with 20 oz, and will be adding a few ounces every month.

If anyone has some advice, I'd be happy to hear it out.
 
As of today, it is a good time to buy silver. Check out pawn shops,and some jewelry stores.you can find the silver pieces for around $15-$18 right now, which is considered somewhat low.
 
Also consider "Junk Silver" (US 90% silver dimes, quarters, and half dollars, 1964 and older). They're still legal tender, and have some of the lowest premiums you can find on metals.
 
evltcat said:
Also consider "Junk Silver" (US 90% silver dimes, quarters, and half dollars, 1964 and older). They're still legal tender, and have some of the lowest premiums you can find on metals.
Click to expand...

I've been looking at some but most have considerable premiums over generic rounds. I found a local mint 20 minutes away (provident metals) whom will likely be the cheapest rounds/bars.
I'd love to buy junk silver (90%/40% coins) but they often come with very high premiums. I will try local dealers/pawn shops though, maybe that's where I can get more silver for my buck.
 
Sorry, you're right. I haven't purchased in 6 months and I see, the premiums have shot way, way, up on 90% coins. :eek:
Local dealers are always worth a look since you don't have to pay shipping and insurance. Good luck!
 
eBay is typically a bad place to look. Occasionally however, some bullion will be a daily deal and price is actually not bad at all. You Just have to be quick to get it because they sell out fast.
 
Have an excel sheet. Different coins in there with their gold content which calculates the price based on that and the current spot price.
This way it's fast to spot in ebay if some coin is a deal or not.
Usually they are not but some days eBay has 4x the normal eBay bucks which is a good time to strike.
Also know how to calculate density and get a scale. Ebay sells Chinese fake gold coins at times.
Or go with a trusted dealer like apmex on ebay. Even there you can get below spot if there is some 4x eBay bucks deal.

Search for recent buy it now listings from newbies. They tend to sell low but are harder to trust of course. If an item is traditional bidding and ends in the late night then there are less last second bidders driving things up.

Be open to odd stuff and only go for what's cheapest. One day it's some Austrian gold ducats another day some 20 pesos or ancient Dutch money.

Same applies for silver.

Oh and one thing I keep forgetting staying up late and spending a few hours to save a little bit of money might not be worth it. :-p
 
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