Confusion

[SilverStacker]

It seems when I read one opinion from an expert I get another completely different opinion from a different expert. I'm a new stacker and it all gets confusing so I guess one simply has to steer ones own boat taking wise words when you can and making up your own mind.

The gold market is one big pinata for the new stacker with the current prices. Does one buy a little gold and a lot of silver or does one buy as much gold as you can and forgetabout the silver ? I guess I'll try and balance both out but my interests lay only in 1 oz size gold due to the premiums. I love the foreign silver oz's, like the Libertards, but again, the premiums. Another thing, I love the artsy, fartsy display type silver coins, and so does my wife. But again, the premiums. But simply stacking the rounds, while it makes economic sense, is rather boring. Which is why I want to venture into the numismatic collecting of historical coinage.

I started out with just the expectation of gathering mass at the best prices as an economic balancing of my portfolio since I now have little trust in paper currency. But i didn't expect to get so taken with the hobby, history, and science, of coin collecting. I spend hours drooling over historical coinage until my eyes hurt. I crave Morgan silvers. Like all things I guess moderation is key.

 

[KnowWhy]

You have the basic thing figured out—boating.


I got rid of both my morgan dollars because of counterfeiting concerns. I don’t care to learn enough to differentiate when all I really care about is a store of value.
I started in about 2007 and watched the run up in silver to about $50/oz and then this slow grind. Worst thing I did was purchasing modern pretty stuff at premiums that have never gained. I don’t sell on ebay so I have a limited market.

I find ebay is cheap a lot of time. Big sellers there sometimes have better prices direct.

Think about when you want to liquidate some and how you will do it. What is recognized and appreciated where you are at or plan to be. Who will trade you and for what. A big check from a national dealer, a check from a local coin shop or cash from facebook or ?

Many folks seem to mature into gold

 

[pmbug]

... I'm a new stacker and it all gets confusing ...

Some good general advice posted here:

B

10 Commandments for buying Gold & Silver

Nov 21, 2022

Probably been posted before.

Ten Commandments for Buying Gold and Silver — The Moneychanger

The Moneychanger's essential how-to guide for getting started investing in gold and silver, plus suggestions for starter portfolios.

the-moneychanger.com

• BigJim
• au/ag
• Replies: 25
• Forum: PM Bug

• 

Personally, boring stacking is fine by me. I prefer to buy value, but I don't mind the slightly higher premiums on government coins either as long as the coins also do better on the sell side.

 

[SilverStacker]

I'm holding myself back on buying coins with high premiums. Best as I can. I just bought more junk silver at a good price and I'm going to stay on that strategy for 2025. Especially with the markets swinging wildly now. I'm not worried about it. Its a Legacy investment "barring a nuclear war". I'm leaving it for my wife and kid most likely and will never sell myself.

 

[nickndfl]

I buy the spot deals online. I am not buyimg anymore silver at any price because I have enough for my goal.

I buy gold on weakness. I look for any spot deals which are frequently krugerrands and 1/4 oz @ spot + $10 or less. I like 20 framcs because they have low premiums. I was buying 100 coronas in the low $1900s not long ago and now they are $3k+. Inflation.