Silver and Gold Buying: Tips for Beginners Lessons Learned over 8 months of stacking

Some suggestions for Beginners new to stacking. These are general concepts and might help you. Look around, plenty of videos on the subject, this is just my take on the subject.

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List is below.



1. Never pay Interest
a. Ever…
2. Set Budgets and stick to it
a. Buying gets addictive
3. Diversify - Gold/Silver or Bullion/Semi/Numi
a. Do NOT be in 100% metals.
b. The stock market is not pure evil, make your money work for you…
4. Study and Research
a. Whatever the niche, there is an article, a book, price guides, and subject matter experts. Find them, read them, KNOW them…
5. Find your Niche and find it fast
a. In the beginning there’s no focus and you will buy a bunch of stuff. Once you see everything, figure out what you actually like. The sooner you find out, the less money you will waste.
6. Sell Something
a. If you have 20 of the same coin, you will survive with 19.
b. You might buy something you like that no one else likes and can’t sell it or have to sell at a loss, do not repeat.
c. Even better Sell when there is still tons of hype.
d. Sell when you WANT to, not when you NEED to.
e. Experience the REAL cost of ownership, when you sell there are fees, materials, etc.
f. Test your exit strategies from time to time.
7. Identify resources
a. LCS/Forums/People (subject matter experts)/websites/dealerts/etc.
8. Find price trends and set price targets
a. 1-3 month history vs current pricing
9. Be aware of upside potential.
a. If a 2008 with 100k mintage is currently $90, a 2016 with 8 million minted is not likely to reach $90. So don’t buy a 2016 at $100.
b. When you are a subject matter expert, you will ‘know’ what is a good price to buy and swoop on a deal.
10. Don’t Impulse Buy or Purchase when Drunk!
11. Don’t be one of those, “I’ll never sell” people.
a. If you are relatively young, most likely you will need to liquidate for one reason or another. A house, a baby, a wedding, a medical emergency, college tuition, etc. Expect to sell in 1-5 year cycles. You don’t have to, but expecting it is better than being surprised. If you don’t, great… KEEP STACKING!!!
b. (Exceptions) IF you are oldER, then OK this might not apply to you. You probably have a retirement fund, social security, pension, savings, a house, medical insurance, grown kids, a business etc.
12. Money is made in the BUY.
a. Don’t chase a coin after it is run up, your profit goes down and risk goes up.
13. There is always another “winner”
14. Are you a collector or investor first?
a. Collectors will buy everything and store them, usually not multiple unless its multiple sets which include not-as-valuable pieces.
b. Investors will limit their buying to certain items and buy multiples and sell when it hits a price target
15. Slabs have their place
a. If you like it ‘raw’. Don’t put it in a capsule and see what it does to the value.
16. Don’t be greedy, take profits from time to time.