New to Stacking/Investing

[Jacamo056]

Good evening All.

 

Just after some advice on what do to next. Firstly, I'm kind of new to collecting Silver and other precious metals. I started last year around August with buying my first bar of gold. It was only 1g bar but I felt like it couldn't depreciate in value, as appose to buying stocks. Stocks could plummet to the value of 1p and I don't fancy myself as a stock broker. Anyway I digress. I then thought I would buy silver. As its far cheaper and you get more weight for the money. So I bought a 100g bar the next day. Really happy with it and I get it out sometimes to hold it, you know. However, I have just bought 2 more 100g bars in the hope of maybe stacking or at least start my collection, and I'm begging to think I am going to be loosing money every time I do this. For the time being its more of a hobby and I'm abit materialistic so the return of it doesn't phase me that much. In the coming years I want to have a good collection and maybe something to pass down and this is where I want the most bang for my buck. I want to see what will be the greatest yield for my money, in other words, what is the best way to start collecting silver so my returns will be greater? Do I continue with my bar buying or go into coins as they seem to be worth more on the resell? is it best walking into a shop and buying silver from there as I wont have to pay postage?

Any advice would be greatly welcomed. Kind of liking having something which will always be worth something and is in demand.

 

Many thanks!

[Roy]

Lots of great advice here.

[SilverPirate]

This is a regular and a little tough question to answer.

Going by my own journey i have ended up buying what silver makes me happy and stacking full and half sovereigns.

So my advice is..........No advice, enjoy the journey it's part of the fun.

Welcome to the forum. 

[StackemHigh]

Bits of both worlds.... 

Gold and silver. I've gone down to bar route early on before finally settling into silver and gold Australian lunar coins. 

So many different types of metals and shapes and sizes. 

You will make a few tweaks in what you like along the way before deciding on what you want.  And then probably change your mind again.... 

[Daniel]

Hi

You will find that it will be cheaper to purchase online rather than walking into a shop as the online stores need to be much more competitive.

Good luck!

[Agpanda]

Hi, welcome and good luck with your stack

[Guest]

Welcome ... Interesting question gold or silver ... Well silver is higher margin and therefore your buying is critically important... Better to buy when nobody is buying and price is low.. Bars? Not for me I prefer lunars and Pandas but I prefer gold even more.. Gold is money.. Silver is almost money.

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[StinkyLebinowitz]

The most weight for the buck is in bars, but that is not necessarily the most bang for the buck. With buying just weight, you have only one avenue of increasing the value of your collection and that is an increase in spot prices. There is no real "collectible" value associated with most bars. They are pure weight and look like a zillion others the mint rolled out. With coins, there is a potential to also have a gain from an increased desire because of rarity, in other words, a numismatic value as well. You pay more per ounce, so there's a lower bang for the buck up front. The coin will also rise in value if spot does, along with potentially exceeding that, because of a numismatic play instead. I think we all have to consider our exit strategies, as we are looking at our purchasing decisions.  

[Oldun]

13 hours ago, Numistacker said:

Welcome ... Interesting question gold or silver ... Well silver is higher margin and therefore your buying is critically important... Better to buy when nobody is buying and price is low.. Bars? Not for me I prefer lunars and Pandas but I prefer gold even more.. Gold is money.. Silver is almost money.

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Gold is for storing wealth. Silver is for bartering.