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?
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.