Beginner here. Questions for investment purposes.

[RalphH]

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.

[morezone]

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.

[daca]

Welcome aboard!

[KevinFlynn]

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...

[trp]

Hello and welcome to the forum!  

[Jvw]

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!

[RalphH]

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.  

[KevinFlynn]

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.

[RalphH]

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.

[Centauri167]

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 !

 

[GrahamDiamond]

Welcome to the Silver Forum Coinster. Watch Videos and gain Knowledge.

[Mikk]

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.  

[CadmiumGreen]

Welcome aboard The Silver Forum!

[Mikk]

Welcome abaord 

[ChrisSilver]

Hello and welcome to The Silver Forum