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Averaging cost


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Hi gang

I am just wondering if the new stackers in here are buying silver to an average cost or are you buying in bulk when you see any good offers on.

If most people are average out there cost what is peoples average cost per oz if you don't mind me asking (preferably new stacker).

Just want a gauge of an idea of where people stand on buying silver at the current price and state that the UK is in 

Thanks 

Happy Staking

Mark

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2 hours ago, Mark1234 said:

If most people are average out there cost what is peoples average cost per oz if you don't mind me asking (preferably new stacker).

This is kind of hard to answer as I started out buying all kinds of different things from spot to double spot to decide what I like and then go from there.

I'm going to be doing most stacking in gold but my opinion on silver is that if I was going to be building up a huge stack I would be trying to hoover up all the milk spotted coins for £25 rather than mint condition £30+ stuff.

You can't handle them and they might milkspot anyway and there is no guarantee they will keep their premiums in the future.

Spot stuff or close to spot stuff will always retain value even if your house burns down with your silver inside.

Edited by 27carrots
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Depends what your stacking. 

Bullion brits and stuff, I prefer to wait until they come down to £14 spot or there abouts. 
More specialist stuff ideally £17. 

More interested in gold as per the above, but I find that expensive too, when looked at in a macro cyclical way. 
I can see £900 gold again at some point in the next 20 years. 
But I do think cost averaging has its place, I was trying to buy a son a month, when its not at all time highs. 

Decided to buy whiskey and rum instead for now. ;)

Edited by Stacktastic
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5 hours ago, Stacktastic said:

Depends what your stacking. 

Bullion brits and stuff, I prefer to wait until they come down to £14 spot or there abouts. 
More specialist stuff ideally £17. 

More interested in gold as per the above, but I find that expensive too, when looked at in a macro cyclical way. 
I can see £900 gold again at some point in the next 20 years. 
But I do think cost averaging has its place, I was trying to buy a son a month, when its not at all time highs. 

Decided to buy whiskey and rum instead for now. ;)

Thanks. I'm stacking both gold and silver I have managed to get around a sov a month went a bit heavy on the 1 Oz coins at the begging of my stacking journey. I agree that gold and silver will come down but not sure it will go that low. If it does I'm happy either way just be able to pick up more if it does.  Gave up the ale for the time being so I have more money to spend on the shiny stuff. 😁

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10 hours ago, 27carrots said:

This is kind of hard to answer as I started out buying all kinds of different things from spot to double spot to decide what I like and then go from there.

I'm going to be doing most stacking in gold but my opinion on silver is that if I was going to be building up a huge stack I would be trying to hoover up all the milk spotted coins for £25 rather than mint condition £30+ stuff.

You can't handle them and they might milkspot anyway and there is no guarantee they will keep their premiums in the future.

Spot stuff or close to spot stuff will always retain value even if your house burns down with your silver inside.

Iv bought a few things just for enjoyment like some Pandas which iv picked up for around £33 an Oz and some graded coins which have been a bit more expensive.

My average price for my silver stack is just under £23 (I have left out the premium stuff as i don't class it as bullion).

I was thinking whether to switch my main effort of buying PM into gold. I do also have some crypto which I speculating on which ill just be turning my profits ( if I get any) into more shiny stuff probably gold. 

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I find silver expensive, but thats assuming that it wont go over £30 for any amount of time. 
Depends what happens with the bagel thingy at the end of this month. 
If it goes to £50 then £19 will look very cheap indeed. ;)

We can easily see £12 silver again i think even for a week or two,

Having said that it was pointless buying on the lows this year as they just put up the premiums
so £100 drop meant £15 on the coins. 😛

Gold may take another dip down this year (soon), but I think both are heading much higher. 
It has the potential to behave like it did last year. Im certainly buying into the GDXJ is it rallys again. 
Just need Bitcoin to crash and burn, inflation, social panic & low bond yields. 

I have enough gold now, moving on to rum stacking instead. 
At least I can barter it, light fires drink it or use it for medical if WW3 occurs. ;)

Edited by Stacktastic
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I think Silver has good potential.

I have some Platinum but I think ill be selling that in a couple of years because of its use case drop off. 

I don't think Bitcoin will crash and burn. Its ridiculously volatile but I don't think crypto is going anywhere that's why I have a position in it.  

I had heard out this basel thing until yesterday so I am going to have a look into it. 

 

Edited by Mark1234
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32 minutes ago, Mark1234 said:

I think Silver has good potential.

I have some Platinum but I think ill be selling that in a couple of years because of its use case drop off. 

I don't think Bitcoin will crash and burn. Its ridiculously volatile but I don't think crypto is going anywhere that's why I have a position in it.  

I had heard out this basel thing until yesterday so I am going to have a look into it. 

I think we will see 45k bitcoin soon and then down to 20, maybe lower. 
The end of furlough might be a big catalyst. Sept 1st I think??
Free money has driven it hard as well as institutional capital & they aint dumb. 

Who knows, but its within well known and researched market behaviour territory. 
Yeah long term I like Crypto, i got in on the first big dip and very quickly out as I just dont like it. 
Id Rather wait for every to hate it as its swallowed up thier savings. im all in at 10k LOL. 
that will come in the next few years probably.

it will cycle around a few times, just a matter of working out what will arise from the ashes (ie like Microsoft in the .com bubble)
There is a whole world ready to be invented on the top of block chain technology & its not been conceived yet. 
I see it as Bill Gates in his garage at the moment. I would not invest in that specky twat, until he has a decent product & is making a profit.  😛

I personally would keep the platinum, I think Platinum will catch up to gold its very undervalued alongside Palladium. 
It will still be used for industrials & the internal combustion engine will be around for decades still. 
I would like to see it back at £700 though as I love the metal. :)
I bought my 1oz platinum at £650 I think, then sold it before it went loopy recently. 

Complete speculation I know nothing really. 

Edited by Stacktastic
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Ill be going in pretty heavy when I think the crypto bottom is in and just stake it and forget about it for a while.

Just have to find the projects which will last the test of time.

Then take most of it out for PM but Ill definitely keep some BTC/ETH as I think that will be worth a pretty penny in a decade or so.

Ill have to see how the market plays out with Platinum just hate paying the premium on the metal. Managed to get some for around £1100 an Oz.

Not to sure about committing to Palladium yet as I cant seem to find any small bars anywhere at the moment, 

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27 minutes ago, Stacktastic said:

We can easily see £12 silver again i think even for a week or two,

We will never see £12 silver again. 

13 hours ago, Mark1234 said:

I am just wondering if the new stackers in here are buying silver to an average cost or are you buying in bulk when you see any good offers on.

If most people are average out there cost what is peoples average cost per oz if you don't mind me asking (preferably new stacker).

Just want a gauge of an idea of where people stand on buying silver at the current price and state that the UK is in 

i do not know what my average price is. i have bought at £12. i got 100 Somali Elephants in a special offer from Silver-to-go - it worked out at £11.85 delivered. The exchange rate was decent and it was a special offer. I never ever expect to be able to repeat deals like that, not even on the forum. My advice is to buy when you see value. The authorities have finally admitted there is inflation in the system. Physical assets won't be dropping significantly in price when currencies are going down the toilet. 

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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8 minutes ago, Mark1234 said:

Ill be going in pretty heavy when I think the crypto bottom is in and just stake it and forget about it for a while.

Just have to find the projects which will last the test of time.

Then take most of it out for PM but Ill definitely keep some BTC/ETH as I think that will be worth a pretty penny in a decade or so.

Ill have to see how the market plays out with Platinum just hate paying the premium on the metal. Managed to get some for around £1100 an Oz.

Not to sure about committing to Palladium yet as I cant seem to find any small bars anywhere at the moment, 

Yeah all the metals are expensive - I have stopped now & as I say investigating another tangible assets. 
I have never considered investing in Palladium, never studied in fact, so cant comment. 
I do feel that a bit of platinum wont let you down.
Its a small market and easily manipulated so I would say wait as it fluctuates a lot. 
We have not finished this rein of terror yet, I think a few more big shocks are around the corner. ;)

I also think commodities have been overbought & there may be a sell off coming soon. 
Its a long super cycle, so again there is more than enough time. I have learnt patience eventually!!!! 

If Bitcoin goes down PM's should theoretically go up. 
Makes sense to sell the PM's at a high and buy Etherium. 
Im personally going to look at some of the crypto stocks. 
Coinbase I think might do well over time so thats on my list, its also not doing well, but was overpriced anyway. 
Miners, like Mara & Argo - not sure what else, but new companies will emerge to facilitate this sector. 
I think this is a much less complicated play on the coins, but as its in the stock market will go up and down separately. 
I bought Argo before the big crash & it did not go back up. 55% down atm LOL 😛

Edited by Stacktastic
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Fair enough. Was only looking to pick up a 5 gram bar of Palladium or something around that but cant find one anywhere. 

Need to have a look into some stocks but just haven't managed to get my head round them at the moment. 

Coinbase does look like it would do well over time. Definitely good idea to have some mining companies if you like PM. 

As long as you don't sell you haven't lost anything yet just have to hope it climbs back up over time. 

  

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22 minutes ago, Mark1234 said:

 

Fair enough. Was only looking to pick up a 5 gram bar of Palladium or something around that but cant find one anywhere. 

Need to have a look into some stocks but just haven't managed to get my head round them at the moment. 

Coinbase does look like it would do well over time. Definitely good idea to have some mining companies if you like PM. 

As long as you don't sell you haven't lost anything yet just have to hope it climbs back up over time. 

  

Bitcoin mining I meant, also stocks like Ebang that produce the equipment. 
I think companies that facilitate services and function on the network might be a good shout. 
As I say lots of them are not even invented yet, let alone IPO'd as a PLC. 😛

Im holding back from the stock market, I think a colossal crash is coming in or over the next 3-5 years. 
Im all over dividend paying gold, silver & copper mining stocks if that happens. 
Im still trading if somehting presents itself. A bit chicken when it comes to day trading though. 
Sat there all of last week and only felt confident to place one order, which I sold the next day LOL. 

Flipping hell 4 oz of Palladium, thats about 9k isnt it? 😛
Yeah Palladium I would expect is hard to get and even harder to sell on. Platinum is hard enough to shift.
The European mint only has one Palladium coin and thats pre order. Plus is a maple, which I think is a pants coin. 

Edited by Stacktastic
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Hi Mark1234,

I also had this question in my mind the other day. What is the average cost of new stacker that started in 2021.

You managed to get it under £23 which i think is excellent for 2021. My average is currently at around £29 and thats only because i only buy government backed silver and just recently bought some high premium stuff (if you can call 10oz griffin a high premium item) just to look at and see what all the fuss is about, that price doesn't include my pre 1947 silver which would bring it down, also I don't have alot of silver tbh.   

I think its because of FOMO and that is why its so high and thats ok, I had to start somewhere. I am moving to gold now after 3 months of buying silver.

My research has found if I bought gold at the same time, It would of been a better investment at this moment in time however not looking to sell anything anytime soon so its irrelevant for me. 

All in all, I found is that its tough being a new stacker in 2021 but im so happy to start :).  

How have you found the journey? 

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I think everyone will agree that the future price of any precious metal is unknown and is just guess work, i think that average cost will only really matter if you plan on selling in the next couple of years. My stack will be for when i retire and that's off far in the distance, so my average is likely to be less than the price in 15 yrs plus so that does the job for me, also worth thinking that as the years go on, more coins will be lost from each year, so what you buy common now will might be irregular or maybe close to rare in the future :)

I think if i were to start stacking now, i would go for old UK silver like Half Crowns and the like, a lot easier to get close to that £20 mark at the moment, won't spot and the designs are stunning ;) tbh that's what i buy now except for a few to continue my yearly sets.

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6 hours ago, Slam said:

Hi Mark1234,

I also had this question in my mind the other day. What is the average cost of new stacker that started in 2021.

You managed to get it under £23 which i think is excellent for 2021. My average is currently at around £29 and thats only because i only buy government backed silver and just recently bought some high premium stuff (if you can call 10oz griffin a high premium item) just to look at and see what all the fuss is about, that price doesn't include my pre 1947 silver which would bring it down, also I don't have alot of silver tbh.   

I think its because of FOMO and that is why its so high and thats ok, I had to start somewhere. I am moving to gold now after 3 months of buying silver.

My research has found if I bought gold at the same time, It would of been a better investment at this moment in time however not looking to sell anything anytime soon so its irrelevant for me. 

All in all, I found is that its tough being a new stacker in 2021 but im so happy to start :).  

How have you found the journey? 

Hi Slam. Iv managed to get some Pre 1947 stuff at Spot plus 10% which I don't think is to bad.

Iv just been getting what I can get my hands on for a decent price at the moment.

I think as stackers we know this is a slow game and will take time.

Just also nice to have something shiny to look at. Got a few gold pieces my self lovely and shiny like the look and feel of the krugerrand  bit more sturdy. ( coming from someone who dropped his first gold brit on the floor 2 seconds out the package)

My most proudest moment as a new stacker so far was emailing a antique dealer because they said they bought silver and enquired about bullion. They had a kilo for sale for £685 where bars on other site where going for £740.

 

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8 hours ago, sixgun said:

We will never see £12 silver again. 

I will hold you on a wager for that.
Cost is 2 ounces of silver (at todays spot rate £19.75) - the contract runs out in 2 years from today*
This includes random dips, so its not limited to a week, month etc. 
Like the gold price today. 

;)
 

Edited by Stacktastic
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1 hour ago, Mark1234 said:

Hi Slam. Iv managed to get some Pre 1947 stuff at Spot plus 10% which I don't think is to bad.

Iv just been getting what I can get my hands on for a decent price at the moment.

I think as stackers we know this is a slow game and will take time.

Just also nice to have something shiny to look at. Got a few gold pieces my self lovely and shiny like the look and feel of the krugerrand  bit more sturdy. ( coming from someone who dropped his first gold brit on the floor 2 seconds out the package)

My most proudest moment as a new stacker so far was emailing a antique dealer because they said they bought silver and enquired about bullion. They had a kilo for sale for £685 where bars on other site where going for £740.

 

That pre 1947 stuff is nice as you can buy loads and feel like you're getting value for money, 😁. But the new shiny stuff looks nice and they are always calling my name out, 😀 especially the ones from the perth mint. Been meaning to get a kilo silver bar but haven't managed to yet, I just want to feel a hefty bar in my hands. But im just trying to keep a narrow focus as theres too many temptations. 

I feel nothing is at a decent price no more 😭.

My proudest moment so far is that I found a new hobby and can fulfil my lust of buying things that hopefully wont depreciate in the long run, lol. Like where tf have I been living? feels like under a rock! 

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33 minutes ago, Slam said:

But the new shiny stuff looks nice and they are always calling my name out

 not involved in junk, I may be very wrong.

I tend to think of the other assets and tangibles with this and the more rarer the coin, wine, watch or lego set - the more it will hold or increase in value. That makes more logical sense to me given the high prices now. Im not yet confident in proofs though. 

Not sure if it was a good decision or not (as they can make a lot more) but I bought quite a few dog privy brits recently as they presented good risk rewards. Also I like the Scottsdale & liberatads - should at least hold value. Queens beast series is a good example over the standard Biritanisa bullion for long term I have a few sets. In 20 years a whole set in a box should command better prices over the spot at the time.

Lets assume spot may be the same & junk will also follow suit & not accrue value. :)
With a cyclical asset/commodity this is very possible. 
I have a 5kg copper bar in my safe though, that may make a good door stop at the same time. 

Edited by Stacktastic
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17 minutes ago, Stacktastic said:

 not involved in junk, I may be very wrong.

I tend to think of the other assets and tangibles with this and the more rarer the coin, wine, watch or lego set - the more it will hold or increase in value. That makes more logical sense to me given the high prices now. Im not yet confident in proofs though. 

Not sure if it was a good decision or not (as they can make a lot more) but I bought quite a few dog privy brits recently as they presented good risk rewards. Also I like the Scottsdale & liberatads - should at least hold value. Queens beast series is a good example over the standard Biritanisa bullion for long term I have a few sets. In 20 years a whole set in a box should command better prices over the spot at the time.

Lets assume spot may be the same & junk will also follow suit & not accrue value. :)
With a cyclical asset/commodity this is very possible. 
I have a 5kg copper bar in my safe though, that may make a good door stop at the same time. 

Collector items have certainly increased in value since last year, i think mainly to do with lockdown etc. ie Retro gaming stuff have rocketed in price, not to mention collectable cards😁.

Yeah I also considered the doy privys and i think they were £35 a pop but at the time I couldn't be bothered with the hassle of selling them also I didn't want to be that guy lol. Good luck with them and Im sure you get more than cost price when time comes to sell. The scottsdale stacker coins and bars looks nice and the liberatads, theres a 1kg coin for sale now and I have been keeping a keen but distance eye on it lol. I have been trying to look for a set of queens beast for around £650-£700 but no luck yet.  Initial i did plan on building a monster box of britannia but i have been massively put off with them due to milk spots 😭.

If we assume spot stays the same etc then its ok because a ounce is a ounce and can convert into what the value is at the time. At least we can look and hold at shinny things :). But it will be a real bugger if its worth less come time to sell.

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12 hours ago, LawrenceChard said:

I think you are going a bit extreme at $20, but you could be right! 🙂

Yeah I dont think anyone knows really, even the C-I-A who most probbaly created it. 😛

I definitely think 20's is possible especially if the institutions dumb it all at the next high - leaving the public. 
I almost day traded Mara yesterday but it feels like a bull trap. Went to the beach instead & admired the bikinis ;)
It will have to fall very hard to go under 20 thats for sure. Q4 and next year probably as it needs the public to withdraw funds out of necessity. 

September 1st will be a date in my diary as thats when the hand outs stop in USA. 

iu.jpg

Edited by Stacktastic
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On 14/06/2021 at 12:41, Mark1234 said:

Not to sure about committing to Palladium yet as I cant seem to find any small bars anywhere at the moment, 

Nope smaller palladium is few and far between.

When everyone is banging on about a massive silver shortage as if it's rare and unobtainable, take a look at palladium I say. It could be months, or maybe only once or twice in the whole year you actually see any bullion palladium for sale, especially the smaller stuff. This wasn't the case 15 years ago, palladium was relatively plentiful.

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