I know very little about stacking or investing in precious metals. But once in a while I will see someone recommend stocking up on gold or silver. Lin Wood also recommended this so it piqued my interest.
Since I know very little about this stuff, I'm going to do my research before doing anything reckless. But every time I see a question like "should I buy gold or silver?" being asked on reddit or quora or whatever. They always get flooded with the generic "don't buy gold/silver, it's a bad investment blah blah blah".
I always see people telling others to not buy gold or silver but their actions suggest the opposite. If it's so bad, why are there still tons of people out there trading like no problem?
Physical silver is a safe bet right now, even with demand causing the premiums to be stupid high (premium is what a dealer charges over the spot/ market price.) Just compared to gold and their respective mining ratios, silver should be $226.00 an ounce. It opened today at $27.54.
Just IMO.
Paper metals are only good if they are delivered. Unless you wanted to invest in a mine directly, that's a question to seek out experts over.
Buying metals is more of an investment to protect from loss over making gains. As with all investments, best to stick with money you are willing to lose, even though the greatest loss you would make with physical metals would be buying at 1500 / 25 and having to sell at 1200 or 20$ per oz.
there is still lots of BIG BIG money shorting the paper (SLV) and the the "non" physical stuff so they don't want us to buy PHYSICAL SILVER...it will crash their market....so if you do decide to invest make sure you only buy Physical Silver and that way you have full control and possession of your investment. Read up and do your on DD and only buy what you can afford...as you have probably seen there is lots of chatter these days about silver and its very strong potential. Good luck and happy stacking.
I buy silver and gold personally to stack. While I don’t agree with buying paper I feel having a good supply of hard assets can never be a bad idea. The truth is cash lying around in the form of a non fiat currency seems better than stale cash. I like to be diversified in stocks, cash, metals, and barter items as well. Not for doomsday reasons just more because I feel they each have a purpose even now. Honestly buying gold and silver can be fun it’s like treasure hunting in a sense. I don’t feel if the value drops I’ll lose much and I know it won’t make me rich. I do see a modest upside financially worst case however.
I live in Canada and I'm seriously concerned with our current government's reckless behavior of endlessly printing out cash. I thinking of starting small and just buying a roll of silver coins in case shit goes crazy with our CAD. Of course I will still have emergency cash sitting in the bank. I'm not treating it as an investment, just as a way to protect some of the cash that I already saved up. I'm seriously worried about the future of Canada's currency lol. But I've been on the fence about it for a while. There's so much misinformation out there I'm getting analysis paralysis.
I picked up my first roll of Canadian coins here about 3 weeks ago. It’s been pretty difficult to buy locally here. Where I live there are three shops within a 20 minute drive and while silver spot is $28ish the oz locally is selling for $32-35. I’ve always felt that something is worth what someone is willing to pay, and this proves that fact. The “price” is being set by demand which I love. You can get minted or generics. The generics are cheaper if you come across some and just want to stack saving you the small premium of a minted item. I have a good reserve and now just put back 10% of my pay a month in to whatever I can get the best deals on.
https://silverprice.org/silver-price-canada.html
Now it's spotting at $34ish and selling at $43ish near where I live.
See I see that as a great sign personally some might not. I picked up a two100oz bars for almost spot last week. Deals can be had you just have to look right now. I’ve bought from the online guys but their ebay stores are generally cheaper so always look there if you don’t buy locally.
If you want to take a deep dive this series by Mike Maloney is great. https://youtu.be/DyV0OfU3-FU
Silver is HIGHLY manipulated. People know what it should be valued at based on price of big sister gold and the demand for physical silver. The problem is market manipulators have over sold silver x500 or more and are able to buy and sell "paper" silver as they need to keep the price suppressed. The Fed uses bullion banks as its agents to put on naked silver shorts on Comex to drive down the price. It enables banks to repurchase silver at lower prices.
This isn't the first time investors have attempted to free silver from it's captors. Silver wiped out the billionaire Hunt Brothers back in the 80s. Now silver is back in the news because of Reddit's recent GME's raid. It raised the question, could silver manipulation be broken?!
IF silver unwinds, it will be spectacular. But many investors with deep pockets have tried and failed. Silver seems to be the scam that never ends. lol!
Buy silver if you like silver. :)
Would you advise against buying silver as a way to store some of my savings away from the bank just in case the dollar crashes? I live in Canada. Right now our glorious leader is printing out cash and handing out gibs like a reckless maniac. Now there's talks of feds going after our RRSP to "stimulate" the economy which is the equivalent of 401K for you guys. You are going to see some interesting things happen to the Canadian dollar in the future.
I feel ya! I'm disgusted that Potato Biden is sending billions to Iran and every other country that hates our guts, while Americans are struggling. Hedging against inflation is wise. You already know recognized coins will cost more, but they'll be easier to resale or spend. And you will get a little more for them. Don't buy anything under an ounce. The premiums over spot are too high. (Gold is sold in 1/10 ounce coins, and it's a terrible value to weight ratio!) Don't buy anything colorized, special edition, or first strike. Bars are fine if you don't see yourself needing to use them as money or wanting to sell them quickly. Choose a brand people know, like APMEX.
I've bought and sold coins since I was a kid. If you buy coins you personally like, and you hold them for a couple years you won't lose. Just don't believe anyone who says silver is finally going to unwind and make you a millionaire overnight. The banksters that control the price, have managed to take down anyone who ever tried to corner their market!
Thanks for the heads up. I have zero delusions about making gains with stacking. I I see stacking purely as another option to protect some of my savings. With the way things are going. I just don't trust my government to keep too much money in the bank.
Context is everything, some folks were discussing not trying to 'short' silver because it is not the same sort of animal as is Gamestonk. Silver is, however, undervalued presently, buying some as an investment is not a terrible idea. Don't buy fancy coins unless you are collecting or just have the money and want to, buy bars or rounds, pure silver just not worked and so usually a better price per ounce.
Gold is not undervalued as is silver but is still a limited quantity, sort of, and rare so will be a decent investment too, from the perspective of preserving your equity.
Some folks who worry about money say buy gold/silver so when the dollar is worthless you'll still have riches. ..
Others don't want speculators playing, like trying to short silver or running up gold prices, because they do invest and wanna keep the prices low maybe.
The thing is to research it yourself, yeah, and know what it is 'you' want from gold or silver or platinum or coins or whatever. Don't impulse buy, usually it's not a good idea to buy from the ads on TV, check the prices on the exchange, watch the markets, look for bargains as you research what you need to know.
And whatever you do buy be sure you take possession of the actual metals, do not accept just certificates. https://files.catbox.moe/yj0kqe.jpg
Thanks. This is great info for someone like me who basically know almost nothing. All I've been told is that I should aim buy as close to the spot price as possible.
So I should just avoid coins in general when it comes to stacking? Not even the the standard eagle or maple leaf? I am not interesting in collecting. But I figured the standard eagle coin or maple leaf is easier to sell if I ever need to get rid of them since they're recognized by everyone.
Coins are more liquid if a scenario arises where you need to trade them (doomsday crash of dollar). Easier to move than bars that can be worth thousands. Bars are more certifiable and can put more pressure on the market since only so much silver is in high enough quality to be in the physical bullion market.
Do what's affordable to you. And do your due diligence research from multiple sources.
FD: I've bought some silver and will probably buy more.
Depends on a lot of factors only you can really decide. If you're looking then you already know coins can be a lot over the price... and sometimes you can find them cheaper in little coin shops and even flea markets, antique shops and such places.
Coins will always be worth at least spot price and hopefully above but folks might try to lowball that if you're looking to sell at the wrong time.
You decide, take enough time and decide, maybe mix your style up and see what suits you. Look at how rare or limited a coin might be, try not to go beyond a limited range unless it looks to be a true collector's thing later. A lot of coins are gimmicks I think, don't seem to accrue any value beyond the price of silver.
But it's your choice, coins worry me but if you want them try them. Don't do anything looking to get rich quick, it is an investment. Silver has to go up, there are real reasons why it is considered to be undervalued right now.
Remember to take physical possession.
https://files.catbox.moe/su3df0.png
Definitely not. I'm going into this with zero intentions of making gains. This way I don't get greedy and overextend myself. I want to stack as an extra option to protect some of my savings.
I live in Canada and I'm seriously concerned with our current government's reckless behavior of endlessly printing out cash. I thinking of starting small and just buying either a roll of standard maple leafs or some bars in case shit goes crazy with our CAD. Of course I will still have cash sitting in the bank. I'm not treating it as an investment, just as a way to protect some of the cash that I already saved up. I'm seriously worried about the future of Canada's currency lol. But I've been on the fence about it for a while. There's so much misinformation out there I'm getting analysis paralysis.
I have the same questions you have, but it is hard to get a straight answer. Everyone keeps telling me "gold does this, gold does that, not a great investment, blah blah".
I just want a vehicle that I can put my savings into that will hold its value. Simple as that. If the $ goes to zero, I want something that will have value.
I understand that if there is a total destruction of civilization, having trading supplies are a strong position.
It is my opinion, that physical gold and silver have been valued by mankind since the dawn of time and if all goes to hell, they will continue to hold value. I am not offering advice, but I think I am going to use that reasoning to determine what metals I buy.
Buy physical, pref gov minted as legal tender, at a ratio of about 10-1 favouring silver, as a method to maintain your purchase power. No high/low trading, no short term profits. Learn natural yearly cycles and buy at the best times, but the intention is to never sell.
When you look at metals long term, it seems when they go down they stay down for a long period of time (Years and Years). If I was to purcahse silver or gold they would tank for the next ten years.
Because it's a run on physical silver and gold. It is the toilet paper thing but with prescious metals. Remember the guy doing doughnuts in a warehouse full of toilet paper? That's gold and silver right now. Have a roll of coins when the price drops and it comes back into stock, but don't think it's going to squeeze like GME.
I don't know why you're still bothering me officer, I lost all my silver in a boating accident last month.
Yes dem whites stole my negro ancestral gold. Dey waz KANGS gold n shieet. My maternal great grandmother was 1/32th African. I think I deserve some gibs for this atrocity committed against my people.
Depends on what type of SHTF you're talking about. In the event of an absolute anarchy due to some nuclear fallout, then yeah I agree with you ammo/food/hard needs are vastly superior. Everything else is worthless.
I was thinking more along the lines of a hyperinflation crisis like 1920s Germany. They didn't go full anarchy and become Somalia. Ammo and food are good short term things to stock up on but not a long term solution. You can't shoot or eat your way out of a financial crisis for your family.
Like I said. I don't know anything about precious metals either so take my opinion with a grain of salt. It's a supply and demand thing really.
With precious metals, you can't go "haha printer machine go brrr" like with paper. So even when your country(Canada) elects a retard who thinks printing a gazillion dollars can solve everything, you're at a much lower risk if you decide to stack gold and silver rather than leaving it in your savings or putting it into retirement plans.
There's a limited supply of gold and silver in circulation but there's also a demand for them. As long as someone out there wants to collect precious metals, you can always go exchange it for some value. You won't always exchange it for the exact price down to the last penny but you can always find someone else who's willing to pay a little more. The only way you would get fucked over for stacking metals is if everyone in society collectively decides to deem gold and silver to be worthless.