I acquired a 100 ounce Engelhard bar back when silver was trading at around $7. I keep it as a reminder of the importance of storing your wealth.
I being over Tim's shop 3 times, the first time I told him I was new at this and he said he would answer any and all questions... I was there a few hours talking with this gentleman and learns lots in that one session... Tim is a great men with a good soul.
“Should I buy bars or coins?” “Yes.”
My silver is around 2800 oz been stacking for 30 years plus I got my grandfather's stack and father's stack when they passed away and ill never sell ill pass it down like you to my twin sons
Impressive! I just started stacking a year ago. 10oz is my biggest bar. Been focusing on Eagles, 1 ounce bars, and constitutional silver. I love hearing from people who have been doing this for a long time and the impressive collections. I hope to get there one day. My main focus is the ability to give it all to my children later in life.
“Headed for another financial crisis” is one way of putting it. The way I see it, we’ve long since stepped off the edge of the cliff, at this point we’re just waiting until we hit the ground.
If silver goes to $100 an ounce you won't even care that you getting 'spot' for your ingots. The only thing I'm interested in is 10oz bars nowadays. So happy to see silver tanking today... please go down to like $16 so I can double my stack for the $$. I can wait awhile for $100 Silver, I'm in no rush!
The bars I have are reserved for large transactions - like land or a vehicle....
I own a 1 kilogram silver round from the Mexican Mint, a Libertad backed by Banco de México. You are so right about the “allure” to it, when I hold the thing it’s almost funny how heavy it is. I will be keeping her forever, keep stacking!
I have never experienced a liquidity issue with generic silver. In fact, before this year when you could find deals on generic silver and pay 79 cents over spot for it and sell at spot, it was a better buy/sell spread then you could expect with the gov't minted stuff.
Have just begun my metals' journey, a few months back. In New Zealand, we are quite limited in coin's availibility: Mainly Britannias, Maples, & some Aussie coins. I am also buying 10oz, 5oz bars (from a local merchant), as you stated, to sell & upgrade to gold, if the price increases enough. May not work, but at the end of the day, will be better than leaving it in the bank.
I looove the reaction when I put a real coin into someone’s hand for the first time and they say “whoa, this is heavy”
I’ve got super varied thoughts about this. I totally understand the advantages of having sovereign backed silver, which is easily recognized and holds a little bit of the premium value, but the fact that buying bars have way lower premiums and we get more weight for less money makes it really appealing to me as well. I don’t plan on selling my stack anytime soon either, so I just stack both.
I want to hodle. No flipping. No selling. Premiums are ridiculous, you really can't short term trade silver because you are down 20% when you purchase. This is your insurance policy against potential rampant inflation, so buy it, save it, forget about it.
Thanks for the quality information! I have recently caught the stacking bug , and appreciate videos such as this , to help me on my way. To me , it's a great feeling to have something tangible rather than numbers in a bank. Awesome video!
I would say bars for weight, to be traded in the future, and coins for emergency uses if you don't stack cash with metals
I just got started stacking silver. I cashed out my 401K and bought several 100 ounce bars. I only bought the big bars. I took them down to my local guy, he offered to buy them all from me $2 over spot. I told him no, and then I bought 2 kilo bars from him. I 100% believe that Silver is going to the moon after the RV. Plus, these bars are most definitely going to go into manufacturing products. I'm not concerned about reselling them, or paying out high premiums when I buy. That is why I chose buying big bars.
I love 10oz bars, aside from maples they are a majority of my stack 👌
I buy bars specifically for playing the ratio. Big bars are only in my stack to trade for gold coins when the ratio shrinks. The premiums over spot are low, and you won't really get that premium back during a silver/gold swap, even with gov minted coins
@thingamujigger1585