The most dangerous mistake stackers make

"Who cares if I pay a high premium now. Silver will go up so much in the future that I will still make money."

This flawed logic is an example of you, the buyer, convincing yourself that you're not actually getting ripped off. You are convincing yourself why it is ok to overpay.

Point number 1: You are assuming silver will go up in price. You do not know this. So, you should be careful about how much you pay. This applies to whether you are investing in silver to make money or storing your wealth in silver to hedge against inflation.

Point 2: The higher the premium that you pay now, the higher the likelihood that you will either lose money when you sell, not make your money back when you sell, or make less money when you sell than if you had paid a lower premium in beginning.


Please, people, do not convince yourself to overpay for precious metals. Pay as close to spot as possible.

 

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OK...................

 

Well Said

 

Sounds like you are a bar/round guy. Junk 90% is a good one too if you are looking closest to spot. I went through an ASE Phase but now I'm over it.

 

It can be simpler than that.

Why pay an unnecessary (say) 30% extra premium, when you could instead get 30% more silver? Then, if silver goes up 30%, instead of getting back what you paid, you get back 30% more than you paid!

 

I'm a full oz gold guy. Gold Maples at just a 3% premium.
However, for silver, yes, circulated junk at spot or up to 5% over.

I am no longer a silver maple or silver eagle guy due to the 13+% premiums. And I am definitely not a "seminumismatic" stacker.

I made the mistake years ago of overpaying on silver Maples plus a few privy Maples.

 

What a load of old codswallop. All it shows it that you don't understand why people who have studied the situation actually buy silver.

 

I agree staying close to spot is good advice.

 

Convert Kenny Roger;s 1978 "The Gambler" to silver bullion and it tells you all you need to know. IMO

You've got to know when to hold'em, know when to fold'em
Know when to walk away, know when to run.
You never count your money when you're sittin' at the table,
There'll be time enough for countin' when the dealin's done.

 

Codswallop. I like that. Maybe the second time I’ve seen that used in my life.

 

Paying a low premium seems obvious as long as the spot price is reasonable to the buyer.

I would happily pay a 50% premium if spot is $5. If spot is to high I ain't buying, even with no premium.

 

Someone paid 45 million for this beauty the other night. I think anything over 29 cents was overpaying but hey, it's their money so why should I care?

 

That painting revolutionized the ketchup industry.

 

Anyone have a chart of spot price over the past 50 years?

 

Yeah, someone called it that which a two-year-old could accomplish with a bottle of ketchup if left in a room by himself.

 

You make three.
Is this how something goes viral? Or trends?

 

Yes it is - buying those 'desirable' Engelhard and Johnson-Matthey bars means paying the built-in premium of 20+%, same for art bars - at the end of the day, their real life value is the same as low premium commercial bars and rounds

 

Try Google. Pasting it didn't work here.

 

First time for me......

 

silver
source macrotrends . net