Time to start stacking some precious metals, but how, where, and when?

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Moon gets into precious metals?



Someday, will I get to this quantity?

Lets just say I haven't had the best of luck when it comes to investing over the years. Pretty much any investment I have made, either physical fiat or time investments have fallen flat on their faces. Any time I sell crypto you can bet your ass that the very same coin or token will start to almost instantly moon. I got into mining, made a few K then invested that XMR into other crypto which, can you guess, fell flat on its ass. We purchased a house in 2007, which if you know he recent Irish property market history was possibly the worst time to make such a purchase. We lost 25k on that one, but it was our home for 7 years and the mortgage was extremely low compared to rent so, I suppose you could call that a break even?

After watching a short post from @silverstackeruk, which was completely unrelated to silver or precious metals I made a decision. During the vlog he mentioned that he had similar experiences and had made a call to start "stacking silver" So I first of all had to figure what that meant! I have heard the term previously but never really paid much attention to it. In reality it is a very simple idea. Buy silver or precious metals every set period of time and hold it long term. But why silver? Silver has a lower entry point than say gold. Silver allows me to purchase and keep in my own possession my investment. No wondering if the exchange or bank or even country for that matter will go bust, get robbed, or any number of different negative out comes.

Now my decision is made, I will, every month, without fail, purchase a small quantity of silver, and keep it myself. Maybe I'll bury it in a box in my yard until I have enough to warrant a safe. However, where to buy it is my next issue. Going on my past experiences I will probably end up buying some tin wrapped in a silver outer layer! So I ask you the Leo finance community, where is a reputable place to buy silver? What form is best to buy it in. Now we are not talking vast sums of fiat here. We are talking a maximum of €30 per month. Why €30? I want to ensure I can buy the same minimum amount every month for the next 5 years. I used to spend this €30 on some sort of lottery, competition etc and lets face it, that's just a fools errand. I am open to use referral links too as a method of paying it forward if they exist in this type of market.


What do I need?

  1. Somewhere that will ship to Ireland.
  2. Somewhere that allows a small purchase.
  3. What type of silver? (I've seen so many different coins, bars, shapes??? Is there a difference?

I will probably have a few follow up questions so I would be grateful for your patience and guidance in the pursuit of knowledge.

I have also made a call to stake all leo rewards I make on my leofinance posts for a 1 year minimum as I can see this is the place for investors who know what they are talking about. I'd like to say thanks to everyone involved in the project for the invaluable incites that are freely available to noob investors like myself!

10% of this post is set to the @brofund account to grow the mancave initiative

Join us in the Mancave!
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Some cities & towns have a "local coin shop" (LCS) that caters to coin collectors and sometimes have silver and gold collectibles. Also, pawn shops sometimes have collectibles at decent prices and can be worth checking if you pass one and have a few minutes to spare.

There are many reputable online stores for precious metals, such as Golden State Mint, APMEX, JM Bullion, and others, and some of them have a presence on eBay as well as their own websites. There are also many independent sellers on eBay, but care must be taken to 'vet' them before buying from them to ensure they are reputable. Once you find the reputable ones, they can have some good deals.

Also beware of silver-plated and gold-plated items. Basically, if the price seems "too good to be true," then it probably is plated or a fake/counterfeit.

There is a good community of "stackers" (collectors of precious metals) on the Hive blockchain and Discord. You can check the #silvergoldstackers tag and peek at the SilverGoldStackers community page. If you think you'd like to join the SGS community, I will be happy to nominate you for membership! (There is also a Discord server for the community, too.)

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Fantastic! Thanks a million @thekittygirl. If purchasing from the likes of pawn shops etc what should you look out for? I know silver will be stamped etc but what is a good "dictionary" of stamps. Excuse my incredibly noob question!

I'll definitely take you up on your nomination offer too!

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(Edited)

There are quite a few books that have been published for coin collecting (numismatics) if you are interested in collecting what is called "Constitutional Silver" (issued by countries under authority of their Constitution or Monarchy). There are also quite a number of websites that are dedicated to such as well, such as Numista.com and others.

Besides "coins" (that have a denomination stamped on them and can be used as legal tender), there are also "rounds" (minted by private mints, with no status as legal tender and no denomination on them). Rounds can be produced with any design that is the whim of the mint: dragons, mermaids, priate ships, skulls, gods & goddesses, etc. So, you just have to decide what it is that you wish to collect! If you scan the posts with the #silvergoldstackers, you can see the variety of things SGS members collect. 🙂

I can invite you to the SGS community Discord, if you wish!

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You are a fountain of knowledge!! Thanks for everything so far, I'm sure I'll wredk your head a million times over!

Yes please, an invite to discord would be awesome. I try to be active in a number of them so one more cant hurt, right?

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