Silver Investing: What Is You're Silver Stacking Strategy ?
Silver Stacking UK
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No proofs, no sets, just known brand silver mainly Maples. At the beginning I was in to the First Majestic rounds because they are a primary miner and well known in the industry. Lately I have discovered a dealer that actually can sell me Maples for less than the FM rounds, so I will be a boring old stacker with little variety in my holdings. I stack for ounces and name brand, The few numismatics that I own, kind of fell on to my lap. My exit strategy is a wait and see thing, depends on what happens in the future. I will not sell just to get back into paper, maybe some land or other solid investment. It is my strong belief that having too much unknown silver (odds and ends) will slow up if not ruin a sale. I want my buyer to know what he is looking at and not suspect some silver he may have never seen before.
I'm buying for a target 1600oz of silver as a long term financial asset so those are cheaper generic 1oz or 10z, with smaller purchases of the odd bit of gold, or numismatic bullion for my own private collection. If you aim at coin collectors...go for proof coins/sets. I have been known to blow the budget on these...LOL. If you can get cheap insured postage then you could trade on Ebay or Amazon, several of our fellow Youtubers get great sales/deals there.
I agree with the mintage changing being a bit crap for future guessing. I picked up 10 £20 coins from each year. I missed out on £100, I am also getting various Uk BU coins from The royal mint, due to change of queens portrait. if I had to get shut of all of my stack, wherever I would get the best price. But I would always keep some, be it gold or silver.
Great topic. I'm a stacker not a collector. The slabbed coins are not for me. I do like the occasional set or collectible item. As far as the lunar series go I have one round. I like the stuff that has already got some age on it. I also enjoy "junk" silver from the US and around the world. I have sub'd and will check back on this post for others feedback.
Way hey! You chose the gold!! Good idea. My strategy is to buy what I like then if the price goes down I still have a nice collection. I am mindful of buying coins only though, yes there's a premium but this insures you a little if the prices go down as they tend to keep their price better than a plain refinery bar. I'm putting together 25 sets of the RCM Birds of Prey together and may flip them in coming years. Maybe not next year but not too far away. These are 1 Million each so reasonably low compared to Eagles or Brits. I might pick up the odd variety as I want to stack but make it a hobby too. My exit strategy if the price doubles is to sell 50% of my low premium stuff e.g philharmonics. That way the other 50% is profit. It the prices doubles again. Sell another 50%. It's hard to guess the peak and the bottom so this works well in the opposite way too! Sell premium stuff on eBay and lowest premium stuff via pawn brokers/jewellers etc. Worth finding out what they'd give you today for various items that way you know what to expect. Good video mate!! Have a good weekend!!
Great video good questions. I spread my stack allot I live in the States so i collect old 90% silver constitutional silver/junk silver and also 1-2oz coins from around the world. But this last year was my first year and I really like the rounds from providential metals they have two sets going on now, the zombucks zombie rounds they have low mintages and they release one coin for three months at a time. The other set is the twelve labors of Hercules, that set is one coin each month. Im gonna keep a set of each and probably sell the rest when sets are completed make a profit and buy more silver. Keep on stacking!
Nice stack man! I try to balance my stack 50/50 with bullion, and Premium stuff, like lunars, and lower mintage stuff. I like to add oz's, but also hold stuff with a bottom to it, so no matter what silver does you still have value. The goats are flooded in the market, I don't see them bringing premiums like others in the future, but who knows? If silver went sky high all of a sudden, it would be a tuff decision to sell or hold, but in the past it's always went back down, so who knows lol .