Theres all kinds of investors, people that buy today and sell tomorrow hoping for a big payday and there are those that hold for a little whiled sell it off, then there are people like me, I buy for my kids and grand kids so price replay doesn't matter because it wont get liquidated until long after I am gone...LOL
I am a collector first - that secondarily likes that it may gain (or at least store) value over time.
Nowadays, I think “silver stacker” is a more common term than “precious metals investor.” Stackers that follow r/WallStreetSilver call themselves “silverbacks” or “apes.”
hoarder of silver coins... collector of some nice coins..... Stacker sometimes... and enjoy mostly all aspects that comes along with it.. meeting people, education mostly and advice from u all!!
I'm definitely more of a coin collector than any kind of stacker that's for sure! Most of my silver is boutique or htf, it wasn't planned it's just the way it happened. I haven't bought an ASE since 2019, I bought the silver below around six months ago but I didn't buy it to flip it, I bought it because it caught my eye and it's scarce.
That’s funny. I go through spells where I pull all my silver and gold stacks out and put them on the kitchen table. I say it is so I can inventory, but really it’s just because I like looking at the stacks…… When I do that my wife calls me Scrooge McDuck.
I am a buy and forget it guy. There have been two times I sold some of my stacks. Once to buy an old guitar and another for some engine work on my old hot rod… When the silver gets unmanageable I have been known to head to my LCS and swap for some gold. My intent is for my kids & grandkids to be burdened with liquidating my stacks but they are mine and if economic conditions down the road demand it, I would sell them.
Been a long time since I brought gold and the price is crazy high since last time I purchased but then again so is the stock market, even with the drop, and real estate. If some one has some money, then I think it is best to have all three investments and not go crazy with any. For life is worth a lot more then that. With that said, looking to buy for I enjoy the look and the hold as well as being diversified.
It really matters what your objectives are ? I have a great thing going with BTC so I am able to buy 3-4 onces of GOLD per month, have a really nice coin coming in tomorrow, last month I bought a Platinum eagle, a GOLD Buffalo and a Palladium eagle I dont really concern myself with price as my kids and grandkids will be doing the selling, 25 years from now.
You really ought to consider taking a teeny-tiny fleck of that foam and becoming a Supporter here. One year costs one one-hundredth as much as a Palladium Eagle. Plus, it'll let you put images in PMs.
My goal is to make more than I paid, hopefully double but I'm not greedy so I'll be fine with almost double. I always think resale when I buy but the truth is I have some gold coins that I probably wouldn't be able to sell at all because I'm too attached to them. Yep, I'm truly a coin collector more than an investor.