Buying regrets & I wish i started with these instead.

[SilverPirate]

Reading another thread i have seen this question before and thought it would make a good thread.

Buying regrets my half ouncers i don't love anymore,My 1 oz bars don't light my candle either and my silver chains and junk silver don't do it for me either .

On the i wish i started stacking/collecting instead. I wish i just collected Perth mint  silver as a collection it would look very nice by now instead of boring old bullion. 

Also i wish i got into sovereigns at the beginning too.I am really loving these at the moment.

On the plus side i have bullion the average man in the street does not so i got a hedge in my opinion, better to have than to have not.

I think it would of been nice to have direction in my stack as apposed to just random get it cheap as chips.This way i believe gives interest, motivation and a Chance of premiums on purchases.

So if you are a new stacker/collector this thread is my advice in a way,collect what you would like to look, at not hide in a hole.

[motorbikez]

Don't have regrets SP just start buying what you like now & sell what you don't like when the opportunity arises. I have a few hundered ozs of bullion I've not the slightest interest in, but like most people will have to wait until spot rises substantially to unload it. I bought that in the 1st few months of my collecting but very quickly started buying more interesting coins.

[Pipers]

Weight is weight, when the price increase comes and you look to take profits you know what to sell first!

[KevinG]

I blame myself, for not have started years ago with this hobby.

[watchesandwhisky]

 

I blame myself, for not have started years ago with this hobby.

 

 

I can relate to that, I had years of addiction and had i been stacking silver instead of said addictions from 1998 onwards my stack would be well over 20000 oz silver. 

 

On the flip side had I not quit 4 years back I would not have any now:)

 

As for regrets buying silver wise I have non, Stacked at spot for the most part so cant really complain.

[mrwebb697]

I just wish I had got switched on to pm's years ago

Oh the amount of money I've spent on crap...makes

me feel a bit queezy

[Paul]

@mrwebb697 @KevinG @

 

I am in total agreement with you all, I wish I had found out about the monetary system, gold/silver etc when i was 18 being a collector/hoader/spender i would probably have a 'make poverty history' armband made out gold/jewels diamonds and finest elephant ivory by now 

 

I think few have awakened to precious metals until recently due to a many reasons:

 

• The 2008 crash
• The 'boom / everything's OK times" of the late 90s early 2000s - keep us distracted as the 'money bubble was blown'
• The development of the internet for knowledge and research
• The crappy rates of interest offered by banks
• The monumental debts of derivatives black hole of however many quadrillion $
• The knowledge nothing that what caused 2008 have been solved, and we are in a whole lot worse situation 7 years on 
• The exposure of the monetary system, fiat currency, and general worthlessness
• The realization a small few that everything is NOT OK and not going to get solved any time soon
• To solve these problems, it cannot be done with what are doing currently  (Insanity: doing the same thing over and over again and expecting different results. Albert Einstein)
• The historic precedence of EVERY fiat currency bar none have all gone to their true value in the end - ZERO 
• The 5,000+ year proof of how gold/silver have worked a 'money'

 

plus many more reason i could list

[Kman]

I bought three 1 oz gold  Britannias

 

I sold one for roughly what I bought it for, think I lost £10 or so. 

 

The two others I got, 2008 & 2009 I think I paid £820 and £830, both at a slight premium at the time compared to spot. Id much rather have the money instead and wait for HGM to have some old numesmatic gold up. 

 

Been waiting for spot to go up a bit to sell them to Atkinsons 

 

I also have some other bits and bobs id be fine with getting rid of that I bought fairly recently, a slabbed 1/20 2003 platinum panda, 2008 silver proof Britannia, 1/4 proof sovereign 

 

I would post them on here just can't be bothered to have to go to the post office 

[Pete]

 

I blame myself, for not have started years ago with this hobby.

 

 

You are one of lucky ones so count your blessings !

 

When I started stacking prices were over £30 per ounce for bullion coins and going higher - big error following similar forums and buying like crazy !

Now looking at the current price to cost ratio I am nursing 50% losses on paper and with the difference could easily have bought a new Audi A7 and a new Focus for my wife.

Waiting for a reversal in spot but it has an awfully long way to go to reach break-even.

[SilverPirate]

I got in at £33 for an A.S.E. but have bought steadily to bring down my average,In a way i regret getting in at £33 but at least i got in, and have nearly put it right

I never knew of STG and buying bullion in bulk from them now as a starting bullion stacker is a dream start .

[Cornishfarmer]

You are one of lucky ones so count your blessings !

When I started stacking prices were over £30 per ounce for bullion coins and going higher - big error following similar forums and buying like crazy !

Now looking at the current price to cost ratio I am nursing 50% losses on paper and with the difference could easily have bought a new Audi A7 and a new Focus for my wife.

Waiting for a reversal in spot but it has an awfully long way to go to reach break-even.

If you had bought an Audi A7 or Ford Focus it would be also worth half what it is now!!!!.... At least you know silver shouldn't go down too much more

[Stu]

You are one of lucky ones so count your blessings !

 

When I started stacking prices were over £30 per ounce for bullion coins and going higher - big error following similar forums and buying like crazy !

Now looking at the current price to cost ratio I am nursing 50% losses on paper and with the difference could easily have bought a new Audi A7 and a new Focus for my wife.

Waiting for a reversal in spot but it has an awfully long way to go to reach break-even.

You must be sitting on a shed load Pete!

I do think that I have been lucky starting to stack over the past 6 months or so price wise. I have not worked out my cost per ounce but it must be under £15 I reckon with lots of semi numi in there. Then I look to prices around the year 2000 and wish I had started then, can't win.

I don't regret any of my purchases , have 1/2 oz to kilo silver coins.

I have a gut feeling that we are going to see a big dip this year before the correction up the way, maybe a good time to reduce your average if it happens Pete?

[HawkHybrid]

 

Then I look to prices around the year 2000 and wish I had started then, can't win.

 

you couldn't have got rcm polar bears in 2000 

 

I believe in taking the best choice available to me

if and when they are made available. I've only

started for a year or so and haven't owned silver

for long enough to have any regrets. I own a

mish mash that doesn't include any stackers bullion.

it doesn't really bother me that prices at some point

goes lower from when I bought to when I plan to sell.

(I do find it interesting to try and predict prices though)

when collecting, the chase is part of the fun.

 

HH

[lightjaw]

I can relate to that, I had years of addiction and had i been stacking silver instead of said addictions from 1998 onwards my stack would be well over 20000 oz silver. 

 

On the flip side had I not quit 4 years back I would not have any now:)

 

As for regrets buying silver wise I have non, Stacked at spot for the most part so cant really complain.

 

I can relate to that, 6 years free of nasty soul wrecking alcohol now. If i hadn't pissed all my money up the wall for so long.....ever want to go back in time and kick the crap out of younger you?

[jc1989]

I can relate to that, 6 years free of nasty soul wrecking alcohol now. If i hadn't pissed all my money up the wall for so long.....ever want to go back in time and kick the crap out of younger you?

Same here been clean and sober for 8 years and whenever I worry about the cash I am spending on my new hobby I remember how much I pissed up the wall and stuck up my hooter. I feel grateful I have the choice over what I spend money on these days!

[mrwebb697]

But we've all come out the other side wiser.

To get to where you are, you must first have been somewhere,we have all

got to the point where "enough is enough" or "this can't go on" and now we have

all ended up here on this forum,wiser and hopefully a tad richer now we have our stacks/collections.

I personally celebrate the years of debauchery I had, because now I appreciate life for what it is

and what iv'e got,if I hadn't done it I may never have discovered pm's and wouldn't have ended up on

here with you lovely peeps

[FriedrichVonHayek]

I have virtually given up on alcohol myself in the last 14 months.

There seems to be a pattern emerging on this forum.

My conclusion is that collecting precious metals is a conduit for self improvement and happiness!

[sovereignsteve]

I love my red wine and malt whisky and I'm very happy

[mrwebb697]

loving red wine and malt, no problem, everything in moderation.

LIVING red wine and malt on the other hand.....

 

Sorry sov,you will not be able to join pm's anonymous unless you

you give up your evil ways

[lightjaw]

God grant me the serenity to accept the things i cannot change.....like buying too much silver and gold

[sovereignsteve]

God grant me the serenity to accept the things i cannot change.....like buying too much silver and gold

It's an interesting question; is there such a thing as PM-buying addiction? I'm sure there must be, we seem to have a lot of sufferers on this forum.

[watchesandwhisky]

It's an interesting question; is there such a thing as PM-buying addiction? I'm sure there must be, we seem to have a lot of sufferers on this forum.

 

I genuinely think there is..I hunt out bargains and trade as work - and have found some cracking deals..For me the feeling of finding an amazing deal is pretty much exactly the same feeling you get when winning big money on a fruit machine, and like the winning feeling keeps people coming back to gambling the bargain finding feeling keeps me buying things. 

 

I guess thats not necessarily a PM buying addiction but a Bargain addiction, But as a PM buyer naturally some bargains are in this field..I think a PM buying addiction, a true one ..Would lead to paying over the odds to get your "fix" and paying over the odds for things I won't do.

[lightjaw]

If it is an addiction at all, I think we can agree that its a mostly positive one instead of previous purely negative ones.

[mrwebb697]

Kangaroo's, I don't NEED them, I can stop whenever I want....  who says i'm addicted to em?

[HelpingHands]

If it is an addiction at all, I think we can agree that its a mostly positive one instead of previous purely negative ones.

As long as people don't go into debt to buy pms.  I'm sure the youtube hype over the years has influenced some people to not only back up the truck but to reverse into the wall.