Hello, Newbie And Wanting To Stack Gold, Silver, Both? Helpp

Well first you should take note that both G & S moved sideways for six months finding solid support at 27 bucks per oz., and say 1650 on gold....

Then after a late summer run up, we are now moving sideways again since Monday, for now at least....

I first got into silver will be three years this January, and it was 27 bucks when I started, and I have only seen it dip below that for a very short time before pushing back to 27.....

I think it is safe to say for now 1600 and 27 bucks per oz. is as low as they will go and everything beyond that is just plus, or is it with the unraveling economy?

OH forgot to mention... platinum wouldnt be a bad idea, though I hear that platinum shines more during good economic times. Someone may be able to correct or confirm for me. I would have liked to own just one ounce but I cant afford that. Though if plat made it to $2200/oz before, why cant it get there again. Its only a matter of time right? Anyways, thats my thoughts on that. Same thing with gold and silver. If they were at a particular high before, no reson it wont get there again. The down side of all this is once it gets to those highs again, then it really becomes difficult deciding where it will go after that. We are in uncharted territory right now with the pm markets and global economies. Anything is possible. Just remember, there is always risk! CHEERS!

Welcome to the forums. I've put in my fair share of investment $ on PM's and suggest to buy PM's in batches. What do I mean by that? For example, invest in 100 oz's and 1 oz of Gold for now. Instant gratification plus you still have $ in the bank.

Why? As a new person entering the market with $14k - the volatile PM swings happen daily. If you would have posted this question a few months ago in this forum, Silver was at 26.xx. Now it has jumped quite a bit higher. Invest a little first and then watch the market price of Gold & Silver. You'll then understand when people mention "buy the dips". It is because PM's are volatile.

If you were you buy 100 oz's of silver, perhaps it might be American Silver Eagles and some Canadian Maple Leaf's. (50 oz each)

Followed by a 1 oz Gold Pamp Suisse Bar. The best of the best made in Switzerland....(It was my first gold purchase ever)

Good luck.

Thank you all, you have given me alot to consider over the next few weeks.

I haev been convinced that a 100oz bar would not be that easy to sell if I needed money in a jam, and smaller ounces are more liquid. Thats why I asked the question now.

Buying 100 oz and a 1oz bar of gold does make sense as a starting point for that "instant" gratification, then I can "time" the market and purchase more on dips. For awhile I dabbed in daytrading on the stock market, I did quite well buying on dips and selling on spikes it was all fun until the IRS made it a headache at tax time.

Thank you, I look forward to more opinions.

Hello, Zelda, and to the CCF forum!

I agree with those who are suggesting that you have a coherent plan in your silver buying / collecting. It is also good to know WHY you are buying silver.

It is OK to fall in love with a few very special items that you would be unlikely to sell but the bulk of your silver should be things that you can and will sell when the time and circumstances are right.

If you are a long-term buy and hold investor, you won't be jumping in and out of the market all the time, trying to time it. Very few people can time a market successfully. Yes, we have all done it a time or two but doing it on a routine basis is virtually impossible. This is why a lot of silver collectors use the dollar cost averaging (DCA) approach to get their ounces at the most reasonable cost over time. You can also do dollar cost selling by selling a fixed number of ounces over a pre-determined length of time.

If you are concerned about using the 90% silver dimes you suggested in your early message as a barter tool in a SHTF situation, I see no problem with that. I have a $100 bag of Roosevelt dimes in BU grade that are specifically for this purpose. 1-oz. and 1/2 oz. silver coins are great but having some dimes will sure make making change a lot easier. I chose the Rosies because they are not rare, so have a reasonable premium. I chose the BU grade because I enjoy looking at my silver hoard and high quality coins, even though they are just bullion, are much nicer to look at than the beat up circulated coins. They also have a tiny bit more silver in them due to their lack of wear but that's not of much consequence unless you are selling them in bulk.

Quarters and half dollars are also good coins to have for barter use. I prefer the Kennedy halves, because they usually cost less than other $0.50 coins, and the Statehood Proof quarters because they are often quite a bit cheaper than other quarters that don't look as nice.

I also buy nice looking Peace dollars to resell later on and Morgans because they are gorgeous coins with a nice historical look to them. I would not part with my Morgans unless I REALLY had to. I have other coins that would be sold or traded off first.

ASEs and SMLs (Canadian Silver Maple Leaf) are also great bullion coins and I have a good stack of both. I also like the Aussie coins and Mexican Libertads. I don't have any of them yet but hope to get some in the near future.

Cheers!

For selling its hit or miss with local stores, ebay would most likely bring you the highest prices

I think Ampex minimum sell is 1K...