Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 20,000+ forum members and 900,000+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. 

Beginner here. Questions for investment purposes.


RalphH

Recommended Posts

I just ventured on this silver stacking route just in case this country goes in to ape terrible. I tried to research but man it is so confusing.

My purpose is to gather as much silver to sell not to collect. I see a bunch of different prices on an ounce of silver with different decorations on it which confuses me on what to buy.  I plan to buy 1 ounce bars but idk what to choose. there is so many variations.

Link to comment
Share on other sites

Welcome to the forum.  I've moved this post to the new member section.

11 hours ago, RalphH said:

My purpose is to gather as much silver to sell not to collect.

If you're stacking weight then just buy the cheapest you can find.

Link to comment
Share on other sites

Hello Ralph, welcome to the Forums. Read up on silver stacking a bit then try to formulate a plan, like "what kind of profit do I intend to make", "how or where do I want to sell my silver", "how long do I want to keep my silver". That will  lead to the answers to "what kind of silver should I buy" and "where or how should I buy my silver".

Feel free to ask detailed questions on the forums, we're here to answer.

For starters, you're lucky being from the US, as your silver will most likely be VAT free...

Link to comment
Share on other sites

On 10/11/2021 at 01:34, RalphH said:

I just ventured on this silver stacking route just in case this country goes in to ape terrible. I tried to research but man it is so confusing.

My purpose is to gather as much silver to sell not to collect. I see a bunch of different prices on an ounce of silver with different decorations on it which confuses me on what to buy.  I plan to buy 1 ounce bars but idk what to choose. there is so many variations.

First of all: Welcome to the forum. 

Second of all: There is no short answer to your question.

And like @KevinFlynn mentiones; Think of a strategy first. One that fits your lifestyle and budget. Read up on the different alloys in silver (or perhaps just stack pure silver). Circulated silver coins can hold 90% or 80% silver, these coins are used and have marks but some can be bought for spot/melt. 

1 oz pure silver coins look pretty and are clean but will cary a premium and silver bars cary tax premiums. 

Also take in account that if your theory will become real that you will need a big weight of silver to cary with you. And how will you sell or trade the silver in large chunks? etc etc. 

Choose which silver fits your strategy best. 

And start with a strategy. And by reading large parts of this forum you will be able to create one.

Cheers!

Link to comment
Share on other sites

On 10/11/2021 at 12:46, KevinFlynn said:

Hello Ralph, welcome to the Forums. Read up on silver stacking a bit then try to formulate a plan, like "what kind of profit do I intend to make", "how or where do I want to sell my silver", "how long do I want to keep my silver". That will  lead to the answers to "what kind of silver should I buy" and "where or how should I buy my silver".

Feel free to ask detailed questions on the forums, we're here to answer.

For starters, you're lucky being from the US, as your silver will most likely be VAT free...

  • I plan to stack for years and use it like a savings or security when my life turns bad (god willing it does not happen). So I plan to save till I need it.
  • how would I search for a buyer? I live in Texas and I want to sell it face to face and not online.
  • I dont care about premiums but I do want to stack up 1oz .999 pure.¬†¬†
Link to comment
Share on other sites

31 minutes ago, RalphH said:
  • I plan to stack for years and use it like a savings or security when my life turns bad (god willing it does not happen). So I plan to save till I need it.
  • how would I search for a buyer? I live in Texas and I want to sell it face to face and not online.
  • I dont care about premiums but I do want to stack up 1oz .999 pure.¬†¬†

1.  A long investment horizon is always good. We believe that currency will keep inflating and precious metals will keep up with that inflation, thus keeping it's relative worth (if not rising in worth). It's not guaranteed profit, but precious metals will never be worth nothing.

2. I hear there is a tradition of local coin stores in the US which seem to offer a competitive buy sell spread (mind, I'm getting my information off the Youtube sphere). I'm not sure about the availability of US buyers on this forum, it's very UK centric (slim pickings for other Europeans like me), but there are other US users on here who may have an idea or two.

3. Recognition is everything when selling. I tend to believe in nationally minted coins and the Silver Eagle seems to be the star of the show in the US, followed by the Silver Maple. Eagles should be highly liquid, but they are carrying a huge premium these days. All in all there is a huge influence of demand and supply on silver that hasn't been there a couple of years ago. Part of that can be mitigated by using the private to private market. At least you're not having to pay VAT (do you?).

(4.) I encourage you to look into gold as well. The average premium hit is not as harsh as with silver and there are usually acceptable premiums on fractional (sub one once) coins (down to a quarter ounce).

(5.) Get other opinions than mine.

Link to comment
Share on other sites

On 11/11/2021 at 23:45, Jvw said:

First of all: Welcome to the forum. 

Second of all: There is no short answer to your question.

And like @KevinFlynn mentiones; Think of a strategy first. One that fits your lifestyle and budget. Read up on the different alloys in silver (or perhaps just stack pure silver). Circulated silver coins can hold 90% or 80% silver, these coins are used and have marks but some can be bought for spot/melt. 

1 oz pure silver coins look pretty and are clean but will cary a premium and silver bars cary tax premiums. 

Also take in account that if your theory will become real that you will need a big weight of silver to cary with you. And how will you sell or trade the silver in large chunks? etc etc. 

Choose which silver fits your strategy best. 

And start with a strategy. And by reading large parts of this forum you will be able to create one.

Cheers!

  • I plan to stack for years and use it like a savings or security when my life turns bad (god willing it does not happen). So I plan to save till I need it.
  • how would I search for a buyer? I live in Texas and I want to sell it face to face and not online.
  • I dont care about premiums but I do want to stack up 1oz .999 pure since i heard that is better and easier to sell.¬† ¬† There are just tons of different opinions and there is so many strategy online that it just overwhelms me.
Link to comment
Share on other sites

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

I see you are from the US, best silver to stack in your case is constitutional or junk silver ( 90% ) silver. If you don't buy special dates or specials in general you will buy them at the lowest price.

10 oz bars are also a good option in the US, just look for an online bullion dealer ( like SD Bullion to menion one or apmex ) with the lowest price and shipping cost.

 

Good luck !

 

Link to comment
Share on other sites

My advice is to understand the tax implications first, buying silver from your countries mint may attract less (no) tax when sold. Selling silver purchased from overseas mints may result in a taxable event... at a certain threshold is reached.  

Link to comment
Share on other sites

  • Founder & Administrator

Hello and welcome to The Silver Forum :) 

My posts are my personal opinions, they do not constitute advice or financial advice.

Please Follow / Like / Share to help spread the word of The Silver Forum:
TSF Instagram - TSF YouTube channel - TSF Facebook page - TSF Twitter page - TSF Threads (used mainly for sever status updates)

Billysilver's Detailed Trading Guide - great info and tips for new members trading on the forum. 

Discounts / Offers
COTR Vouchers for Premium Members

Official TSF branded NGC label via COR grading
50% discount off of TSF mugs for Platinum Premium Members. (see info in Platinum Lounge)
Platinum Premium Members: Offers from selected Dealers - 15 dealers currently in the programme

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

√ó
√ó
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use