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<p>[QUOTE=&quot;myownprivy, post: 3686391, member: 84588&quot;]How would you recommend new investors or stackers begin? This would be a good topic to pin after others reply to it, so new users don&#039;t start threads like this over and over again.</p><p><br /></p><p>My recommendation is new precious metals buyers is to always do the following:</p><p><br /></p><p>1) Do not buy silver and gold unless you can afford to. First things first, pay off your debts. Second thing: invest in normal, better performing investments. Your company&#039;s 401k, a personal roth/traditional ira, a mutual fund, managed investment accounts, etc.&nbsp; THEN supplement all of this with precious metal stacking/investing/collecting. </p><p><br /></p><p>2) Understand how you plan to liquidate your PMs. Do you want to try to make money within a short period of time? You probably won&#039;t, because buying PMs requires a bigger fee (in the form of premiums over spot) than normal investments, so it is extremely unlikely you will be able to make money reselling in short period of time. Do you understand that reselling your PMs for a profit will be considered a capital gain, and you will be taxed accordingly? How will you resell? Local coin shops are the best source, because most will buy any amount, small or large. However, online dealers will probably pay the best, but understand that they require large minimums when they buy from you, and that you are responsible for shipping it to them. </p><p><br /></p><p>3) What will you buy? My preference is that you should be equally concerned with buying at the lowest premium possible and buying something that is the easiest to liquidate. The factors that make something easy to liquidate, in my experience, are that is it well known and that it is very easy to authenticate. </p><p>A) GOLD</p><p>for the aforementioned reasons, the Gold Maple leaf is my preferred investment. The reason is that it the least likely to be counterfeited due to extreme security features and because it is as well known as the American gold Eagle in the United States and perhaps more well known outside of the US. Buying in a full ounce also carries the lowest premium over spot of only around 4%. AVOID BUYING FRACTIONAL GOLD. The premiums are often in the double digits. However, if you can ever find, say, 1/10 gold at or near spot with a premium equal to or lower than the full ounce premium, by all means, by it and have fun. But, again, make sure it is a government issued piece of bullion that is recognizable. </p><p><br /></p><p>B) SILVER</p><p>Silver is tricky one, because its value is so much lower than gold, its cost to mint an equal amount will often requires 90 one ounce coins just to equal a 1 oz gold coin. So, the premium you will pay for a 90 oz of silver coins (in 90 coins) will be much greater than buying an equal value in 1 oz of gold in a single coin.</p><p>Thus, while security on the Silver Maple is the best in the world, and it is as easy or easier to sell than an American silver Eagle, it will cost you considerably more to buy Silver Maples or Silver Eagles. So, I recommend buying junk American Silver as close to spot as possible. Junk silver is US coins that circulated as currency through 1964 that contain 90% silver. These are recognizable to everyone in the United States, and they individually contain so little silver, that they are unlikely to ever be counterfeited. They can also be purchased close to spot.</p><p><br /></p><p><br /></p><p>What do other users recommend to newbies who might be interested in starting to stack?[/QUOTE]</p><p><br /></p>

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