Let's talk numbers vs. type.

mrpaseo

First and foremost, I understand it is not politically correct to ask someone how much they have stacked, I am not asking that, I am looking for the path you take to get to your stack. (You know, around the couch, under the rug into the safe...lol, just kidding)


Reading around I found people mentioning shortages of 90%, ASE's or just silver in general in the future due to stacking.

That got me thinking, how should I buy... what should I buy... Should I have a goal to get (For example)... $10 face in dimes, $25 face in quarters, $50 face in Halves, 100oz in 1oz rounds/bars, 100oz in 1oz ASE... etc.

Do you have goals If so, can you share them (Not your end goal, just your short term maybe monthly or is you are working towards certain type goals).

Or should I just go with what the best price is when I am trying to buy?


Also, should I have a monthly goal? I'm thinking this could get out of hand if I just buy as much as I can find...lol. Much like going to a coin show... there is no shortage of coins and if I let myself go wild, I could spend every cent that I have on coins... much the same as bullion so I am thinking limiting to a goal of a few oz per month, or maybe a roll every quarters...

What do you do?

I'm thinking about setting a certain amount aside per pay check and save up to meet one of my goals. For example, if I save $25 per week. I could use that to purchases dimes until I meet my goal. Then move onto quarters and so on.

Your thoughts?
Ray

OperationButter

I believe the general "stacking" rule is to go with what is offered at the best price. I tend to not do that though

I try to grab some ASE's when im comfortable with the price during any given month. Will I get it at the absolute low, no, but I will add to my stack at a price I am comfortable paying. Usually take a portion of the paycheck and put it in a savings account that I use to by that type of silver with. I also usually have some additional monies saved up for various mint offerings that I can see significant upside in. I dont have a set buying schedule like some do on here, but I do save on a somewhat set plan.

RedTiger

My stack was mostly bought when opportunity presents itself. I add incrementally the same way. For my coins, I am happy getting average coins at average prices. I don't have the connections or skills needed to compete with the sharpies. There is no need to pay top dollar for bullion items, but there is little need to try and micromanage and get the last cent either.

I know this may rub some the wrong way, but far, far more important any of the precious metal questions asked are the overall financial picture. Especially for young people, career and earnings, lifestyle and savings rate and asset allocation, big life decisions such as marriage, kids, where to live (city vs. suburbs vs. rural, which state), are all worth far more time and energy than any small decisions on what kind of metals to buy and how much to buy.

As for buying everything in sight, some on the forum will buy all they can, if they think they can flip it quickly. That is part of the life decision tree. Some enjoy being part time dealers, some do not.

Asset allocation, savings rate, get little notice on this forum. These are far more important decisions than the rate of stacking or paying $3 or $6 over spot on some eagles. Especially for young folks, look at the big picture. What do you want your life to look like? How are you planning to get there? I suggest focusing significant time and energy on decisions that will make a big difference in life, not on small decisions that will have almost no impact, such as trying to be perfect in market timing (a fool's game for 95% of folks) or locating the absolutely smallest premiums over spot.

ksammut

My goal is to continue accumulating silver (and some gold) until our politicians get religion and balance a budget and begin paying off the national debt. Until then, I will continue dollar cost averaging by purchasing silver every week. I have been doing that for a number of years and my guess is that I will be doing that until there is some type of financial/economic meltdown as that is more likely to happen than politicians making the hard painful fixes.

I prefer 90% but will purchase bars (personally like art bars) or rounds when my local B&M is low on 90%. My personal goal is to always have at least 25% of my portfolio in PMs (not paper) in hand. If I think we are close to a meltdown I may go higher than 25% but until then, will keep on accumulating even if the price of silver drops. Dollar cost averaging will give me more silver during that period.

ricko

Buy what you can afford..as consistently as your finances will allow. Cheers, RickO

PerryHall

I decided what I want in the way of silver---sizes, brands, premium over melt, etc. I then look for buying opportunities and good deals from reliable sources. If you buy a little here and there, you can accumilate quite a stash over a period of time.

DorkGirl

<< <i>Buy what you can afford..as consistently as your finances will allow. Cheers, RickO >>



That's what I did.

jmski52

Ditto all of the above. I don't have a regular schedule, but as I accumulate dollars I am thinking about what next to buy. Sometimes, it's silver. Sometimes it's gold or platinum. Sometimes an upcoming Mint offering will influence my thinking, and sometimes not.

I do like to make sure that I will have enough extra cash on hand to take care of 99% of the contingencies that could happen before I pull the trigger on any bullion. It doesn't make sense to buy something and then have to turn right around to sell it.

Sometimes I will have a goal, like finishing off a roll of something or like making another stab at a set that I've been working on. Sometimes, I will just go for it, if I really like what I'm buying or if I've convinced myself that it's a slam-dunk winner.

No matter what - the home finances come first.

razzle

Red Tiger, as usual, that's another rich and broadly based investment framework. I just wanted to write a note to say how much I appreciate the perspectives you present on the forums.

RedTiger

<< <i>Red Tiger, as usual, that's another rich and broadly based investment framework. I just wanted to write a note to say how much I appreciate the perspectives you present on the forums. >>



You are welcome. I am sure that my reading (and writing) here has helped me as well.

Another analogy is a person that spends six months researching what kind of microwave oven or lawn mower to buy, but then drops 5x or even 100x that much on other purchases or other big time life decisions without much thought.

It does not have to be complicated. For most folks, go to the local show or shop and see what they offer at a reasonable price. As long as it is something main stream such as eagles, 90% U.S. silver, or big name bars, at a competitive market rate, a person is going to be okay. I would suggest some gold in the mix as well, but there isn't a right or wrong answer. If all the local shops and shows are way over the prices offered by the big national dealers, then save up, and buy mail order from one of the reputable dealers. BST is another possible avenue. As time passes, different items may become more attractive, and a person can add those to the mix.

mrpaseo

<< <i>I believe the general "stacking" rule is to go with what is offered at the best price. I tend to not do that though

I try to grab some ASE's when im comfortable with the price during any given month. Will I get it at the absolute low, no, but I will add to my stack at a price I am comfortable paying. Usually take a portion of the paycheck and put it in a savings account that I use to by that type of silver with. I also usually have some additional monies saved up for various mint offerings that I can see significant upside in. I dont have a set buying schedule like some do on here, but I do save on a somewhat set plan. >>




This is how I expect to approach my purchases. If I save a set amount per paycheck, then I can buy when the opportunity presents it's self. I will most likely set a few goals as to what types I want to eventually hold and will not limit myself to one certain type at a time. This way, when a type is found at a bargain, I can jump on it. That said, I will stop buying them once I reach that particular goal number.

Thanks,
Ray

mrpaseo

<< <i>My stack was mostly bought when opportunity presents itself. I add incrementally the same way. For my coins, I am happy getting average coins at average prices. I don't have the connections or skills needed to compete with the sharpies. There is no need to pay top dollar for bullion items, but there is little need to try and micromanage and get the last cent either.
>>



I like the opportunity approach, rather than limiting myself to one certain type.



<< <i>I know this may rub some the wrong way, but far, far more important any of the precious metal questions asked are the overall financial picture. Especially for young people, career and earnings, lifestyle and savings rate and asset allocation, big life decisions such as marriage, kids, where to live (city vs. suburbs vs. rural, which state), are all worth far more time and energy than any small decisions on what kind of metals to buy and how much to buy. >>



I think it is great that you are mentioning this, I too feel it is important to have the house in order (Budget) and a diversified financial plan set for the future. I am now just adding the PM option to our plan.



<< <i>As for buying everything in sight, some on the forum will buy all they can, if they think they can flip it quickly. That is part of the life decision tree. Some enjoy being part time dealers, some do not. >>



I'm more of a buy and hold type of person, I'm not a flipper.



<< <i>Asset allocation, savings rate, get little notice on this forum. These are far more important decisions than the rate of stacking or paying $3 or $6 over spot on some eagles. Especially for young folks, look at the big picture. What do you want your life to look like? How are you planning to get there? I suggest focusing significant time and energy on decisions that will make a big difference in life, not on small decisions that will have almost no impact, such as trying to be perfect in market timing (a fool's game for 95% of folks) or locating the absolutely smallest premiums over spot. >>



100% agree.

Thanks for the input,
Ray