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-   -   Silver Stackers (http://www.cigarasylum.com/vb/showthread.php?t=60801)

bdgile 02-25-2013 06:31 PM

Silver Stackers
 
Any silver stackers, collectors, or investors around here besides me?

omowasu 02-25-2013 07:31 PM

Re: Silver Stackers
 
Yep, absolutely, in all metals.

RWhisenand 02-25-2013 08:06 PM

Re: Silver Stackers
 
What is a silver stacker? If you are investing in metals than yes.

bdgile 02-26-2013 07:28 AM

Re: Silver Stackers
 
Quote:

Originally Posted by omowasu (Post 1800177)
Yep, absolutely, in all metals.

Haven't gotten into platinum or platinum yet... Have you had much luck?

mkarnold1 02-26-2013 08:29 AM

Re: Silver Stackers
 
I've been thinking about buying some silver. I'm not quite sure where and what to buy. Do you invest in bars or coins?

elderboy02 02-26-2013 09:07 AM

Re: Silver Stackers
 
Silver stacker checking in :)

bdgile 02-26-2013 09:20 AM

Re: Silver Stackers
 
Quote:

Originally Posted by mkarnold1 (Post 1800363)
I've been thinking about buying some silver. I'm not quite sure where and what to buy. Do you invest in bars or coins?

I'm a big fan of bars only because I like to make larger purchases. I would recommend starting with coins like American silver eagles and Canadian maple leaves.

bdgile 02-26-2013 09:21 AM

Re: Silver Stackers
 
Quote:

Originally Posted by elderboy02 (Post 1800365)
Silver stacker checking in :)

Good to hear brother. What do you like to stack?

elderboy02 02-26-2013 09:26 AM

Re: Silver Stackers
 
Quote:

Originally Posted by bdgile (Post 1800376)
Good to hear brother. What do you like to stack?

A mixture of 1oz generic silver bars/rounds. I buy Silver Eagles here and there, but hate how you pay a premium on them. Generic stuff works for me. How about you?

bdgile 02-26-2013 09:34 AM

Re: Silver Stackers
 
Quote:

Originally Posted by elderboy02 (Post 1800378)
A mixture of 1oz generic silver bars/rounds. I buy Silver Eagles here and there, but hate how you pay a premium on them. Generic stuff works for me. How about you?

I started with a lot of generic 1ozs, moved to mostly eagles (had a dealer near me that only asked .50 over for them, now stick to mostly 10oz and 100oz name brand bars.

mkarnold1 02-26-2013 09:46 AM

Re: Silver Stackers
 
Do you buy local or online? If online, where?

omowasu 02-26-2013 09:48 AM

Re: Silver Stackers
 
Quote:

Originally Posted by bdgile (Post 1800332)
Haven't gotten into platinum or platinum yet... Have you had much luck?

Done very well in Palladium, bought in around 240/oz, its tripled since, and I still recommend palladium. Eventually China will need to start putting pollution controls on everything from cars to factories and Palladium will be needed in quantity. And there isn't much of it to start with.

Platinum is at a high point, and the noble metals are pretty interchangeable for pollution controls, so I wouldn't buy in to Platinum now.

Rhodium is historically very, very low at current prices and an excellent investment if you can get into a rhodium pool (rare), get rhodium sponge (rarer) or rhodium bars (rarest). They are harder to sell at their peak, however.

Of course, this is all simply opinion and not intended to be investment advice! :r

elderboy02 02-26-2013 10:03 AM

Re: Silver Stackers
 
Quote:

Originally Posted by mkarnold1 (Post 1800385)
Do you buy local or online? If online, where?

The best online place is APMEX.com I also buy from ebay when I find a deal, but mostly from a local coin shop by my house and on the Equipment Exchange on AR15.com

DMK 02-26-2013 10:21 AM

Re: Silver Stackers
 
Another stacker checking in. A mix of junk silver an pure rounds and bars.

omowasu 02-26-2013 10:29 AM

Re: Silver Stackers
 
Quote:

Originally Posted by mkarnold1 (Post 1800385)
Do you buy local or online? If online, where?

I occasionally sell with no premium, maybe Ill start asking here in case there are any interested parties. Never thought about posting about silver on a cigar forum!

I have purchased from APMEX before, they are recommended.

mkarnold1 02-26-2013 11:12 AM

Re: Silver Stackers
 
Been looking at Apmex for a little bit. It looks like that is where I will start the silver journey. Thanks for the heads up guys!

bdgile 02-26-2013 12:27 PM

Re: Silver Stackers
 
Quote:

Originally Posted by elderboy02 (Post 1800390)
The best online place is APMEX.com

X2

Barcode 02-26-2013 11:34 PM

Re: Silver Stackers
 
Just started about a month ago. I have a place by my house that charges Spot + 10%.

bdgile 02-27-2013 08:32 AM

Re: Silver Stackers
 
Quote:

Originally Posted by Barcode (Post 1800788)
Just started about a month ago. I have a place by my house that charges Spot + 10%.

That's not bad depending on what your buying. Is that for 1oz coins?

elderboy02 02-27-2013 08:43 AM

Re: Silver Stackers
 
I just bought one of these: http://www.silvertowne.com/p-19300-s...ilver-bar.aspx

I had to have it because I like the hand poured look.


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