When I started my silver journey, I made alot of bad purchases, as I am sure most of you did.
Silvershield collections.
Are you a weight stacker or collector? When I first started I thought that I was going to be a collector, but quickly turned into a weight stacker. Now there is a couple of reason I decides to go into weight stacking.
First one, spot is spot, and thats probably what you will get for it when its time to sell. Trust me I understand that the price will skyrocket and it really wont matter what you paid for it, but wont it? Lets take ASE for an example. Right now you would be lucky to get a $1.00 over spot if you sold one. So if you took an ASE and compared it to a silver round. ASE would cost you $19.57 usd, with a buy back price of $17.87, so immediately you would loose $1.70 usd. Now lets take your average 1oz silver round, it would cost you $17.36 usd, with a buy back of $16.47, resulting in a loss of .89 cents usd.
ASE price courtesy of Provident metals.
Silver round courtesy of Provident Metals.
So basically you would cut your looses in half by buying the silver round.
This is the main reason why I changed over to weight stacker. When the times come to sell, I believe you will be lucky to get spot, no matter what the coin is.
Now this is just my opinion, really doesnt amount to much, but what are your thoughts?
Are you a weight or collector stacker?
Donr forget to upvote.