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    All Forums | Investments

    Gold/Silver stacking

    collectNOW
    Raiders22
    NeverMind
    SashimiKid
    bwcareer
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    Search
    Views: 1455
    Posts: 6
     
    collectNOW
    collectNOW
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    Posted: Apr. 17, 2014 - 12:04 PM ET #1

    I am a newbie to collecting precious metals.....called stacking I am told. I'm pretty good with stocks,whether it be day trading or being bullish. Everyone tells me money is worthless,but my philosophy has always been CASH IS KING! I have  25 k to invest,so it is between getting a long term CD or buying pm's. I am just getting into buying gold and silver with a friends advice(my 25k is peanuts to him,so my investing is small scale compared to him),but he says to buy gold and silver bars(bullion) @ .9999 instead of .999,and buy it in 10 oz bars  and he says stay away from coins unless they are maple leafs or buffalo/indian head coins. Any advice from a normal common guy  invester?   Also........he said to physically possess my gold/silver instead of getting paper etf's.
    Reply
    To remove first post, remove entire topic.
    I am a newbie to collecting precious metals.....called stacking I am told. I'm pretty good with stocks,whether it be day trading or being bullish. Everyone tells me money is worthless,but my philosophy has always been CASH IS KING! I have  25 k to invest,so it is between getting a long term CD or buying pm's. I am just getting into buying gold and silver with a friends advice(my 25k is peanuts to him,so my investing is small scale compared to him),but he says to buy gold and silver bars(bullion) @ .9999 instead of .999,and buy it in 10 oz bars  and he says stay away from coins unless they are maple leafs or buffalo/indian head coins. Any advice from a normal common guy  invester?   Also........he said to physically possess my gold/silver instead of getting paper etf's.
     
    Raiders22
    Raiders22
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    Joined: Dec, 2010
    Posts: 35312
    Posted: Apr. 19, 2014 - 5:54 AM ET #2

    Pros and cons both ways obviously.  But I am interested in why you narrowed it down to long-term CD or PMs?
    Reply
    Pros and cons both ways obviously.  But I am interested in why you narrowed it down to long-term CD or PMs?
     
    NeverMind
    NeverMind
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    Posts: 3060
    Posted: Apr. 19, 2014 - 5:59 AM ET #3

    I just started stacking as well. I'm doing it for the long term and hopefully it will prove to be a good investment in the future. diversify your portfolio as i've been told is the way to go. I'm more inclined stacking silver for now and i just bought added only a couple gold. i'm gonna be patient and start stacking gold if/when it hits the 900-1000 range and back in the truck if it goes <900.

    as far is the oz's are concerned, i purchased various sizes, ranging from 1, 2, 3, 5, and 10 ounces in silver. some are coins and some in bars.

    for gold: i only bought a 5 and 10 gram assayer cards...

    would love to hear some advice on here as well! in the meantime, keep stackin'!

    Reply
    I just started stacking as well. I'm doing it for the long term and hopefully it will prove to be a good investment in the future. diversify your portfolio as i've been told is the way to go. I'm more inclined stacking silver for now and i just bought added only a couple gold. i'm gonna be patient and start stacking gold if/when it hits the 900-1000 range and back in the truck if it goes <900.

    as far is the oz's are concerned, i purchased various sizes, ranging from 1, 2, 3, 5, and 10 ounces in silver. some are coins and some in bars.

    for gold: i only bought a 5 and 10 gram assayer cards...

    would love to hear some advice on here as well! in the meantime, keep stackin'!

     
    SashimiKid
    SashimiKid
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    Joined: Sep, 2009
    Posts: 2090
    Posted: Apr. 19, 2014 - 11:39 PM ET #4

    Historically gold and silver are awful investments and in a SHTF scenario ammo food  water and shelter will be much more valuable---I stack for the pleasure of holding the shiny--ASE's and Libertads are really cool and buy placer gold and 1/10 AGE's whenever the urge hits me.....Silver is in a longterm bear trend and ZSL(2x short) has been a big moneymaker since 2011,,treading lightly with metals is prudent and diversification is crucial to a healthy portfolio
    Reply
    Historically gold and silver are awful investments and in a SHTF scenario ammo food  water and shelter will be much more valuable---I stack for the pleasure of holding the shiny--ASE's and Libertads are really cool and buy placer gold and 1/10 AGE's whenever the urge hits me.....Silver is in a longterm bear trend and ZSL(2x short) has been a big moneymaker since 2011,,treading lightly with metals is prudent and diversification is crucial to a healthy portfolio
     
    collectNOW
    collectNOW
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    Posts: 11713
    Posted: Apr. 25, 2014 - 9:02 PM ET #5

    Raiders22....I am fairly conservative on my stocks and investing,so other than putting my cash in a long term cd or precious metals,what else is there? Even a 5 year cd with a minimum investment of 25k only  pays 2.30%. That's better than a regular savings account,but still pretty pitiful  I shoot for stocks that pay at least a 4% dividend and will go up to 11%,but anything over that is too risky.Real estate is not my thing,and gambling is too stressful,although   a fun,profitable  hobby    Any other ideas for investing?
    Reply
    Raiders22....I am fairly conservative on my stocks and investing,so other than putting my cash in a long term cd or precious metals,what else is there? Even a 5 year cd with a minimum investment of 25k only  pays 2.30%. That's better than a regular savings account,but still pretty pitiful  I shoot for stocks that pay at least a 4% dividend and will go up to 11%,but anything over that is too risky.Real estate is not my thing,and gambling is too stressful,although   a fun,profitable  hobby    Any other ideas for investing?
     
     
    bwcareer
    bwcareer
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    Joined: Apr, 2010
    Posts: 882
    Posted: Apr. 25, 2014 - 11:47 PM ET #6

    Do not put your money into CD's. You will get crushed by inflation with that approach. 

    Go find you a few good growth, growth and income mutual funds and park your money there. Do not buy into the doomsday stuff or you will miss out on plenty of growth. 
    Reply
    Do not put your money into CD's. You will get crushed by inflation with that approach. 

    Go find you a few good growth, growth and income mutual funds and park your money there. Do not buy into the doomsday stuff or you will miss out on plenty of growth. 
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