Stacking silver for a small timer....
Posted: Fri Jul 12, 2013 6:14 pm
So I just started acquiring some silver as an investment. The past few years I have slowly been adding to my lead stack (ammo) and I feel I am at a point where I have enough of that so I am changing my focus to silver. Well that and the current ammo "crisis" has made it difficult to add to that stash at an affordable price
I started about a month ago by buying a tube of ASE's from Chris off these forums (thanks again!) and Im looking to add more. Im not sure how much I want to add at this time, but obviously adding larger amounts at a time seems to be more advantageous because of the savings involved around shipping.
Should I continue to just stack ASE's as I can afford them? Should I wait and just buy a complete tube at a time....buying less frequently....or should I grab like 4-5 ASE's per paycheck kind of thing?
Should I diversify into other forms of silver? 90%....generic 1oz rounds....5-10oz bars...etc?
In my mind Im thinking of stacking now when silver is around $20....and sometime in the future I will be cashing out portions of it if it climbs back to $40+. Not looking to make "quick money" off this by any means, but looking at it from a point of view of "hey that was a nice return...let's move that over into my IRA account where it is less volatile (hopefully)." If there is a total system crash and FRN's are worthless or through hyperinflation makes it essentially worthless...that's where my lead stash becomes worth more haha.
When I do decide to sell...is there an easier form of silver to move? Or as long as the silver came from a reputable refiner (US government...Canadian government....sunshine mint....etc..etc..) they will be easy to move with their various "premiums" over spot price. I would hate to buy a 5oz or 10oz bar or random 1oz rounds at $1 over spot only to be able to sell them later AT spot or less in order to move them.
Realistically I can see myself accumulating a couple hundred ounces of silver and then moving to something else. Maybe grab a few ounces of gold (I really like the look of the American Gold Eagles coins...) After that I will probably be happy with my precious metal stash and then diversify elsewhere.
Wow I started to ramble....anyway....thoughts?
I started about a month ago by buying a tube of ASE's from Chris off these forums (thanks again!) and Im looking to add more. Im not sure how much I want to add at this time, but obviously adding larger amounts at a time seems to be more advantageous because of the savings involved around shipping.
Should I continue to just stack ASE's as I can afford them? Should I wait and just buy a complete tube at a time....buying less frequently....or should I grab like 4-5 ASE's per paycheck kind of thing?
Should I diversify into other forms of silver? 90%....generic 1oz rounds....5-10oz bars...etc?
In my mind Im thinking of stacking now when silver is around $20....and sometime in the future I will be cashing out portions of it if it climbs back to $40+. Not looking to make "quick money" off this by any means, but looking at it from a point of view of "hey that was a nice return...let's move that over into my IRA account where it is less volatile (hopefully)." If there is a total system crash and FRN's are worthless or through hyperinflation makes it essentially worthless...that's where my lead stash becomes worth more haha.
When I do decide to sell...is there an easier form of silver to move? Or as long as the silver came from a reputable refiner (US government...Canadian government....sunshine mint....etc..etc..) they will be easy to move with their various "premiums" over spot price. I would hate to buy a 5oz or 10oz bar or random 1oz rounds at $1 over spot only to be able to sell them later AT spot or less in order to move them.
Realistically I can see myself accumulating a couple hundred ounces of silver and then moving to something else. Maybe grab a few ounces of gold (I really like the look of the American Gold Eagles coins...) After that I will probably be happy with my precious metal stash and then diversify elsewhere.
Wow I started to ramble....anyway....thoughts?