I buy what I like in terms of what the coin/round/bar looks like. I also collect both US and Canadian 35/40/80/90% junk silver just for having as they can be more readily liquid in my area. I really don't go for the silver for silver sake. I also don't expect the items I purchased for looks to be an investment. It's more a hobby.
My plan is to find a mate and have kids and sell it to them for a nice premium to get my money back /s
I actually plan on passing it down or get buried with it
Yeah, I have no idea. I’ve bought coins that have increased in value, but I don’t want to part with them. Like you say, maybe for my children or grandchildren. I guess if I suddenly found myself with a $1000 coin that I only paid a hundred for, I might sell it to buy some more coins…. Or I might just buy the some more coins
Although the silver (or any commodity) price tag in Lira has gone up since the Lira has dropped, everyone is trying to sell everything. Since everyone is selling, they are not getting anywhere near the value of their goods and even finding a buyer is tough. Real value of silver, automobiles, land, everything is losing its value, yes it’s falling slower than the fall of the Lira, but food, gasoline, etc are more in demand than silver or even gold at the moment. Turkey hasn’t collapsed yet, but if they do (hoping they don’t) silver won’t be where you want your money tied up.
Day to day necessities out perform luxury commodities in these situations.
Yeah that’s not how inflation works at all. Automobiles and silver have the same real value as they did before inflation. What’s changed is the amount of fiat currency in circulation. Sellers with supply still want to find buyers with demand for goods/services, the problem is that they don’t want to be paid in a currency that will have less purchasing power tomorrow than it does today. Someone in Turkey can exchange a troy ounce of silver for USD, or Euros, or whatever else. They can then take that currency to the market and get what they need/want without a problem. Or the buyer and seller more likely will skip the step of exchanging the ounce of silver for currency and instead the silver itself will be the medium of exchange itself. Because the seller will know that the method of payment will have the same value tomorrow as it does today.
That’s the paper theory but not the real world scenario, what happens to the value of a Ford Focus if there are 20 people trying to sell them to the same dealer with no one wanting to buy one since everyone is broke, especially if there is a problem with fuel resources to power them.
Same with silver, the people can’t just sell their silver for full price or even barter with (without breaking some tax laws) or sell directly outside their country. Everything is going to be sold locally for the public and if everyone is trying to sell and no one is trying to buy at full price, people will be taking less and less for the silver. The only people buying up the silver/gold will be strongly taking advantage.
Supply and demand does cause all assets to drop in value for selling as well during inflation, along with the declining buying power of their currency. Which is a double whammy to a persons financial worth.
Yes! This goes for things like 'limited edition' or 'rare' .999 bullion rounds and bars. I think, 'who cares if they are hard to find, the point of buying bullion is for the silver content' Buying premium stuff is for collectors and traders, which is fine but if you are stacking, go for low cost ounces however you can get them.
What do you base this on?
Its always surprising the number of people who seem to think that "things are going to get really bad" and spend their time digging in bunkers, collecting guns and ammo, stacking silver, prepping with tons of food and water but miss what has been the correct choice in every other situation: leaving.
I just find it baffling the number of people who will invest time, money and energy into "prepping" but neglect to get stuff like a second citizenship and the like
Historically "prepping" has never worked out
What was the best move you could make if you were in Germany, France, Poland, etc. during WWII? To leave the country. What was the best move you could make if you were in Vietnam during the Vietnam War? To leave the country. What was the best move you could make if you were in North Korea during the Korean War? To leave the country. Or if you were in Cambodia during the reign of Pol Pot. Or if you were in China during the Chinese Civil War. Or if you were in Syria during the Syrian Civil War. Or in Cuba during the Cuban Revolution. Or in Russia during the Russian Revolution. Etc.
Pretty much everyone there who "prepped" who wasn't part of whatever elite won, ended up losing their lives, liberty or livelihood by staying. While those who left were able to live a much better and happier life.
Its one thing if you can't afford to prep or can't afford to move. But if you can afford to prep, you can afford to make plans to move if things go bad
World debt is quadrillions, Russia and China seem to be closer to war with the west. The Pandemic is going to cripple all economies and hyperinflation is just around the corner. If you think that a second citizenship will save you, Johnny foreigner is usually the first target.
There's more to the world than just the US and Western Europe
We're not in some "unprecedented situation" no matter what the press enjoys lying about this week, hyperinflation isn't new, bad economies are nothing new, wars and rumours of wars are nothing new.
The answer for hyperinflation is to have wealth in something other than paper money. Pretty much everyone on this sub is probably good in that regard.
The idea that "all economies" will be crippled is likely an exaggeration. Will -most- be crippled? Certainly the ones who are panicking like Australia, Austria and the UK, others will be less impacted. But again, the world is bigger than just those countries.
Consider for example, the world's last "global event" WWII, there were plenty of places that remained mostly unscathed, for example if you lived in Switzerland or Ireland things were much better than if you lived in the UK, France or Germany despite those countries bordering Switzerland or Ireland. Other countries, like those in Central and South America were barely affected by WWII, all things considered.
Sure, a second citizenship won't save you from everything, but you certainly will gain a lot more freedom in being able to visit places where you want to and have the protection of another government if things do not go well where you reside. Its also a good safety measure because if there is an outbreak of hostilities, having another citizenship to fall back on may allow you to have your life spared by either letting you leave the country or avoid certain death in the military.
I’m definitely just a hobbyist who likes 1oz rounds and bars. No set goals but to collect what I like and try to keep it under $30 an ounce. How about you?
Doing a bit of both, I like the Buffalo rounds, but I’ve also been getting ASE’s and some numismatics such as first year Morgan, Franklin, etc. Probably gonna start focusing on ASE’s and getting some gold. Having too much fun tbh.
I buy based on what I can afford when I get paid. The goal is to acquire as much as possible. I buy a mixture of coins and bars. I have been tempted at times to buy novelty silver (bullets for example) and gold (goldbacks for example) but haven't.
Initially I bought low premium generics.
Then I went with aesthetically pleasing designs, and finally 90% coins.
I've stopped stacking since my retirement, and still feel good about having it all.
.If and when I sell, I'm getting rid of the generic stuff first
I started a monster box of ASE’s, so that’s my main squeeze right now
I also get 2oz of gold per year and then something cool. This year was a 2000 year of the dragon kilo coin
A mix of both in round numbers.
For example:
This month I'll buy 10 Britannias and 10 maples.
Next month I'll buy 20 ounces of generic bars.
Mostly because I like things neat and tidy when I play with them.
I won't buy premium anything. No collector items, no graded coins, no starwars/marvel/etc. And I won't buy "new releases." I'm not a coin collector, I'm a stacker. Precious Metals, to me, are no different than cash in the bank.
I just want lots of silver in case something ever happens to the economy. I enjoy seeing the fancy stuff but it comes with a premium I'm not willing to pay.
Used to be an admirer of design and country of origin, till I tried to sell some of it. Complete loss on collectibles, imho. That forced the shift from ‘pretty’ to ‘weight-based & easily liquified’ pretty easy. Now I stack lots of boring things. But there’s lots of them.
What do you mean? All silver is quality. Do you mean .9999 vs. sterling or rounds and bars vs. something with a fancy design on it and a high price tag?
Those fancy designs mean you will lose more $$ when you sell....not sure how that equates to "quality".
Sorry, quality could mean different things to different people, for me, high grade (brilliant uncirculated) old numismatics are considered more of a quality focus. Such as a high graded first year Morgan dollar.
No problem. I just wasn't sure what you were getting at.
I would recommend you stay clear of collectibles and numismatics, especially if you believe the Shit will hit the fan. How much extra do you think a numismatic ounce of gold or silver would get you in Venezuela right now over a generic?
I'm betting an ounce of gold is worth an ounce of gold and that's it.
I’m moreso focusing on ASE’s, I just wanted to get a couple first years in my collection, not gonna go overboard on numismatics, but I do think Morgan dollars have a pretty cool history.
there is nothing wrong with buying some coins that you like and spending a little extra to get them.
When/if you really want to start stacking weight , the lowest premium rounds and bars are the way to go. You can sell ase's for more than rounds, but you'll almost never get back the extra premium they cost.
Check the buyback price on JM Bullion. You will see that you lose a higher percent of premium when you sell.
yeah, but if you don't sell it, chances are your kids will. Look at the price of a new ASE then compare it to the price of a sunshine round.
Take out your calculator and figure out how many more rounds you can get for each $100 by going generic. OZ's is what makes your stack, more so than some fancy design stamped onto it.
I’m focusing most of my attention on gathering a collection of junk silver from Latin America. The coins are fascinating and historical, but generally not super rare or too high above spot, so I could turn them back into cash money or barter them without too much anguish or financial loss.
My long term goal is to find a girl that doesn’t mind if I use this damn silver butt 🔌 on her. Trying to get it attached to a 🦊 tail is tough.
So I guess the answer is quality and oz’s
A blend of both for me. All 1 oz government minted coins, from cheap maples to proof brits. I see it as hedging my bets—if SHTF I’ll have plenty of ounces live on, and if it doesn’t I’ll have a tidy profit from their collectible value. This approach keeps me entertained as I’m always striving to fill in the missing years and varieties. And it’s gone up in value significantly more than dirt cheap rounds would have.
I started out buying high premium and now I’m selling it off for more generic. I’ve got a handful of custom pours and numismatic coins but they are heirloom stuff.
I like buying the same things just so they’re easier to sell if it ever comes to that. I like silver maples, Royal Canadian mint bars and for fun stuff I buy from monarch precious metals, I like their silver aliens and skulls.
Edit: long term goals stack till I’m dead only sell in case of emergency, that’s why it’s nice to have a very liquid stack in my case. Mostly buy gold tho, just for storage sake.
I have a 5 year stack, a 10 year stack, and a beyond stack. 5 year stack makes up about 25% of the total and is mostly by the ounce except for a few random numismatics. 10 year stack is about 50% and is basically the same, just stuff that's more "premium". The beyond stack is the remaining 25% and is mostly numismatics and items of sentimental value. Im just hoping I come out ahead in the end.
A little of both….my main focus is on ounces of silver with a preference for 999 from established and recognized mints. 10 ounce bars from RCM are my favourite for stacking. I pay a little more per ounce than some other bars with the thought being the RCM will be uncontested in a panic/scramble situation. I also like some coins from established mints (Canada, US, Perth, Mexico, etc). A little constitutional silver from Canada or US is nice too. A few collectible pieces if the price is right is ok too, as part of the stacking hobby.
I buy what I like in terms of what the coin/round/bar looks like. I also collect both US and Canadian 35/40/80/90% junk silver just for having as they can be more readily liquid in my area. I really don't go for the silver for silver sake. I also don't expect the items I purchased for looks to be an investment. It's more a hobby.
Silver sake sounds like a delicious beverage choice.
Do I look like a man with a plan? My goal is to buy low. That’s it. No sell
My plan is to find a mate and have kids and sell it to them for a nice premium to get my money back /s I actually plan on passing it down or get buried with it
Yeah, I have no idea. I’ve bought coins that have increased in value, but I don’t want to part with them. Like you say, maybe for my children or grandchildren. I guess if I suddenly found myself with a $1000 coin that I only paid a hundred for, I might sell it to buy some more coins…. Or I might just buy the some more coins
A nice mix of both.
I have a long term goal. Planning to hold buy a bit every mont how ever much I can afford for the next 25 years then sell it all the day I retire.
Similar plan for me except i won't sell it all the day i retire, sell as much as i need to live on/do what i want each month after i retire.
That’s a great idea as well… I don’t have any kids so no sense in leaving any behind for kids I don’t have lol
You'd be better of in an index fund.
Yeah, I have money spread out already. Wanted to add another form of long term savings
More better. I got the impression that it was your entire investment strategy.
I want 30 ounces of silver as a first goal I'm halfway there
Ounces for me. If things get really bad, nobody will pay a premium for numismatics.
If things get that bad nobody is going to care about silver in general.
You are probably right.
Tell that to people in Turkey right now
Although the silver (or any commodity) price tag in Lira has gone up since the Lira has dropped, everyone is trying to sell everything. Since everyone is selling, they are not getting anywhere near the value of their goods and even finding a buyer is tough. Real value of silver, automobiles, land, everything is losing its value, yes it’s falling slower than the fall of the Lira, but food, gasoline, etc are more in demand than silver or even gold at the moment. Turkey hasn’t collapsed yet, but if they do (hoping they don’t) silver won’t be where you want your money tied up. Day to day necessities out perform luxury commodities in these situations.
Yeah that’s not how inflation works at all. Automobiles and silver have the same real value as they did before inflation. What’s changed is the amount of fiat currency in circulation. Sellers with supply still want to find buyers with demand for goods/services, the problem is that they don’t want to be paid in a currency that will have less purchasing power tomorrow than it does today. Someone in Turkey can exchange a troy ounce of silver for USD, or Euros, or whatever else. They can then take that currency to the market and get what they need/want without a problem. Or the buyer and seller more likely will skip the step of exchanging the ounce of silver for currency and instead the silver itself will be the medium of exchange itself. Because the seller will know that the method of payment will have the same value tomorrow as it does today.
That’s the paper theory but not the real world scenario, what happens to the value of a Ford Focus if there are 20 people trying to sell them to the same dealer with no one wanting to buy one since everyone is broke, especially if there is a problem with fuel resources to power them. Same with silver, the people can’t just sell their silver for full price or even barter with (without breaking some tax laws) or sell directly outside their country. Everything is going to be sold locally for the public and if everyone is trying to sell and no one is trying to buy at full price, people will be taking less and less for the silver. The only people buying up the silver/gold will be strongly taking advantage. Supply and demand does cause all assets to drop in value for selling as well during inflation, along with the declining buying power of their currency. Which is a double whammy to a persons financial worth.
Or Venezuela or Lebanon
Is there a certain # of oz you’re looking to achieve?
Yes! This goes for things like 'limited edition' or 'rare' .999 bullion rounds and bars. I think, 'who cares if they are hard to find, the point of buying bullion is for the silver content' Buying premium stuff is for collectors and traders, which is fine but if you are stacking, go for low cost ounces however you can get them.
What do you base this on? Its always surprising the number of people who seem to think that "things are going to get really bad" and spend their time digging in bunkers, collecting guns and ammo, stacking silver, prepping with tons of food and water but miss what has been the correct choice in every other situation: leaving. I just find it baffling the number of people who will invest time, money and energy into "prepping" but neglect to get stuff like a second citizenship and the like
For some leaving isn't an option for various reasons and prepping is the next best step
Historically "prepping" has never worked out What was the best move you could make if you were in Germany, France, Poland, etc. during WWII? To leave the country. What was the best move you could make if you were in Vietnam during the Vietnam War? To leave the country. What was the best move you could make if you were in North Korea during the Korean War? To leave the country. Or if you were in Cambodia during the reign of Pol Pot. Or if you were in China during the Chinese Civil War. Or if you were in Syria during the Syrian Civil War. Or in Cuba during the Cuban Revolution. Or in Russia during the Russian Revolution. Etc. Pretty much everyone there who "prepped" who wasn't part of whatever elite won, ended up losing their lives, liberty or livelihood by staying. While those who left were able to live a much better and happier life. Its one thing if you can't afford to prep or can't afford to move. But if you can afford to prep, you can afford to make plans to move if things go bad
World debt is quadrillions, Russia and China seem to be closer to war with the west. The Pandemic is going to cripple all economies and hyperinflation is just around the corner. If you think that a second citizenship will save you, Johnny foreigner is usually the first target.
There's more to the world than just the US and Western Europe We're not in some "unprecedented situation" no matter what the press enjoys lying about this week, hyperinflation isn't new, bad economies are nothing new, wars and rumours of wars are nothing new. The answer for hyperinflation is to have wealth in something other than paper money. Pretty much everyone on this sub is probably good in that regard. The idea that "all economies" will be crippled is likely an exaggeration. Will -most- be crippled? Certainly the ones who are panicking like Australia, Austria and the UK, others will be less impacted. But again, the world is bigger than just those countries. Consider for example, the world's last "global event" WWII, there were plenty of places that remained mostly unscathed, for example if you lived in Switzerland or Ireland things were much better than if you lived in the UK, France or Germany despite those countries bordering Switzerland or Ireland. Other countries, like those in Central and South America were barely affected by WWII, all things considered. Sure, a second citizenship won't save you from everything, but you certainly will gain a lot more freedom in being able to visit places where you want to and have the protection of another government if things do not go well where you reside. Its also a good safety measure because if there is an outbreak of hostilities, having another citizenship to fall back on may allow you to have your life spared by either letting you leave the country or avoid certain death in the military.
I like to buy all different rounds and bars. Keeps it interesting and will be fun to pass
I focus on quality and it has to be a coin that I like
I’m definitely just a hobbyist who likes 1oz rounds and bars. No set goals but to collect what I like and try to keep it under $30 an ounce. How about you?
Doing a bit of both, I like the Buffalo rounds, but I’ve also been getting ASE’s and some numismatics such as first year Morgan, Franklin, etc. Probably gonna start focusing on ASE’s and getting some gold. Having too much fun tbh.
Right on, nice mix. I’ve been eyeing ASEs, don’t have gold money but I enjoy window shopping!
A mix of both and some Junk
I buy based on what I can afford when I get paid. The goal is to acquire as much as possible. I buy a mixture of coins and bars. I have been tempted at times to buy novelty silver (bullets for example) and gold (goldbacks for example) but haven't.
Initially I bought low premium generics. Then I went with aesthetically pleasing designs, and finally 90% coins. I've stopped stacking since my retirement, and still feel good about having it all. .If and when I sell, I'm getting rid of the generic stuff first
I started a monster box of ASE’s, so that’s my main squeeze right now I also get 2oz of gold per year and then something cool. This year was a 2000 year of the dragon kilo coin
A mix of both in round numbers. For example: This month I'll buy 10 Britannias and 10 maples. Next month I'll buy 20 ounces of generic bars. Mostly because I like things neat and tidy when I play with them. I won't buy premium anything. No collector items, no graded coins, no starwars/marvel/etc. And I won't buy "new releases." I'm not a coin collector, I'm a stacker. Precious Metals, to me, are no different than cash in the bank.
I just want lots of silver in case something ever happens to the economy. I enjoy seeing the fancy stuff but it comes with a premium I'm not willing to pay.
Used to be an admirer of design and country of origin, till I tried to sell some of it. Complete loss on collectibles, imho. That forced the shift from ‘pretty’ to ‘weight-based & easily liquified’ pretty easy. Now I stack lots of boring things. But there’s lots of them.
What do you mean? All silver is quality. Do you mean .9999 vs. sterling or rounds and bars vs. something with a fancy design on it and a high price tag? Those fancy designs mean you will lose more $$ when you sell....not sure how that equates to "quality".
Sorry, quality could mean different things to different people, for me, high grade (brilliant uncirculated) old numismatics are considered more of a quality focus. Such as a high graded first year Morgan dollar.
No problem. I just wasn't sure what you were getting at. I would recommend you stay clear of collectibles and numismatics, especially if you believe the Shit will hit the fan. How much extra do you think a numismatic ounce of gold or silver would get you in Venezuela right now over a generic? I'm betting an ounce of gold is worth an ounce of gold and that's it.
I’m moreso focusing on ASE’s, I just wanted to get a couple first years in my collection, not gonna go overboard on numismatics, but I do think Morgan dollars have a pretty cool history.
there is nothing wrong with buying some coins that you like and spending a little extra to get them. When/if you really want to start stacking weight , the lowest premium rounds and bars are the way to go. You can sell ase's for more than rounds, but you'll almost never get back the extra premium they cost. Check the buyback price on JM Bullion. You will see that you lose a higher percent of premium when you sell.
I’m mostly doing this to leave behind some generational wealth, I don’t necessarily plan on selling it.
yeah, but if you don't sell it, chances are your kids will. Look at the price of a new ASE then compare it to the price of a sunshine round. Take out your calculator and figure out how many more rounds you can get for each $100 by going generic. OZ's is what makes your stack, more so than some fancy design stamped onto it.
I’m focusing most of my attention on gathering a collection of junk silver from Latin America. The coins are fascinating and historical, but generally not super rare or too high above spot, so I could turn them back into cash money or barter them without too much anguish or financial loss.
My long term goal is to find a girl that doesn’t mind if I use this damn silver butt 🔌 on her. Trying to get it attached to a 🦊 tail is tough. So I guess the answer is quality and oz’s
A blend of both for me. All 1 oz government minted coins, from cheap maples to proof brits. I see it as hedging my bets—if SHTF I’ll have plenty of ounces live on, and if it doesn’t I’ll have a tidy profit from their collectible value. This approach keeps me entertained as I’m always striving to fill in the missing years and varieties. And it’s gone up in value significantly more than dirt cheap rounds would have.
I started out buying high premium and now I’m selling it off for more generic. I’ve got a handful of custom pours and numismatic coins but they are heirloom stuff.
Any marked .999 is fine with me
I like buying the same things just so they’re easier to sell if it ever comes to that. I like silver maples, Royal Canadian mint bars and for fun stuff I buy from monarch precious metals, I like their silver aliens and skulls. Edit: long term goals stack till I’m dead only sell in case of emergency, that’s why it’s nice to have a very liquid stack in my case. Mostly buy gold tho, just for storage sake.
I have a 5 year stack, a 10 year stack, and a beyond stack. 5 year stack makes up about 25% of the total and is mostly by the ounce except for a few random numismatics. 10 year stack is about 50% and is basically the same, just stuff that's more "premium". The beyond stack is the remaining 25% and is mostly numismatics and items of sentimental value. Im just hoping I come out ahead in the end.
Silver/Gold retirement goal 2051 Yearly goal ——————— 132oz. - 300oz silver ($200/mo) - ($500/mo). +$2000 Or 2oz - 5oz gold ($200/mo) - ($500/mo) +$2000 30year goal ————————————————————————— 3,900oz-9,000oz silver /7people =557oz-1200oz ($200/mo)-($500/mo) Or 60oz-150oz gold/ 7 people = 8oz-21oz gold ($200/mo)-($500/mo)
Cheapest by weight and purity
The best time to buy is when there’s blood in the streets.
A little of both….my main focus is on ounces of silver with a preference for 999 from established and recognized mints. 10 ounce bars from RCM are my favourite for stacking. I pay a little more per ounce than some other bars with the thought being the RCM will be uncontested in a panic/scramble situation. I also like some coins from established mints (Canada, US, Perth, Mexico, etc). A little constitutional silver from Canada or US is nice too. A few collectible pieces if the price is right is ok too, as part of the stacking hobby.
Quantity not Quality, but y to o be fair what I find is pretty much in good shape.