5 Silver Stacking Mistakes You NEED to Avoid!
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2024
- In this video I talk about 5 silver stacking mistakes that you need to avoid. I have been stacking for a numbers of years and I like to make silver stacking for beginners videos and I wish that others had given me some silver stacking tips when I first started. Silver stacking in 2023 or silver stacking in 2024 will be a great year to acquire more silver. If you are wanting to buy silver coins, silver bars, or any silver bullion then this is the video for you. I will be silver stacking 2023 and silver stacking 2024 as hard as I can. If you are just wanting to invest in silver or buy physical silver then this silver stacking advice is great for you as well! Silver investing is tricky and I hope that these silver stacking mistakes can help you make good silver stacking choices. If there are any other silver bullion tips that I missed please post them in the comments.
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Topics I cover in this video: silver stacking mistakes, stacking mistakes, silver mistakes, coin shop mistakes, silver investing mistakes, silver buying mistakes, silver stacking, silver stacking for beginners, silver stacking tips, silver stacking advice, silver stacking 2023, silver stacking in 2023, silver stacking 2024, silver stacking in 2024, silver stack, silver stacking, silver investing, investing in silver, invest in silver, buy silver, buying silver, buying silver 2023, buying silver in 2023, investing in silver in 2023, silver, silver warning, silver coins, silver coin, silver bar, silver bars
#silver #silverstacking #silvercoins
I am not a lawyer, but generally speaking it is not illegal to cross state lines to make a purchase in order to avoid paying sales tax.
California doesn’t see it that way. They want their cut. That’s why I left.
😂🤣
Vt and NH don't agree either no tax in NH and vt want to no about cross border spending
I do it all the time
And? I can get a 1/10 oz philharmonic for $230 in California in Oregon my friend pays $260. Thats more than I'd pay WITH tax here. The dealers figured that out first and since its lower here, peer to peer is lower too
I panic bought when silver went to like $14 a few years ago.
That’s not necessarily a bad thing when it’s cheap like that. What you bought then is worth about 70% more than what you paid.
That's not panic buying. That's smart buying.
Can not overemphasize keeping quiet about owning silver. A friend had $30,000 of silver stolen. He thinks he knows who took it but, it’s gone. Probably worth at least double today. Don’t brag, just buy and secure it well, like in a big heavy safe.
Enjoy the silver as a hobby. One day, you might just want to cash it in, but with the price always going in the wrong direction (Want to buy? It's high. Want to sell? Price is falling.), Treat your investment as a hobby, don't overinvest and put lifes other luxuries out of reach.
Top 3 stacker channels on the web! ❤ your content silver dragons. God bless
Great content, thanks for your insight!
I agree, we hear alot about picking up, dollar cost averaging, ect but no one focuses enough on exit strategy of stacking. Once you know why you're Collecting and stacking, it makes it easier for you to identify goals you want to achieve. Then understanding what you're exit strategy looks like
I buy 150.00-180.00 a month...since I am 69yo I am encouraging my grandson and give him something every time I see him
That’s wonderful!!! I have a Son in the Navy and I buy kind of like you. I make sure he gets them and they go into a safe(I’m always bugging him to make sure their going into his safe. He’ll send a pic saying “Ok Dad, happy? Yes Son. Thank you”.).
@@darrenpokorski7756 That's terrific...God Bless and keep your son safe
Ha only time I panic buy is to make sure I get the dip...lol
Thanks for sharing
I buy silver, it always goes down. Started in the 1990's, wished I bought more then, but I was only making $7.50/hour.
Love it! Keep it coming SD! 🔥
ANYONE THAT PROMOTES SD BULLION IS A LIAR AND CROOK
SD BULLION HAS'NT GIVEN ONE SILVER EAGLE AWAY SAY NOTHING ABOUT A MONSTER BOX
BEEN SAYING IT FOR 10 YEARS
And always keep your hole punchers close to your stacks and make sure if you do tell "a trusted person" let them know you have those hole punchers and are willing to use them
Excellent tips ❤
hi great vid 🔥👌🏼🐉
thanks! 🔥🐉
Great advice thanks for sharing!!!
High Fives!
WE LOVE YOU, BE SAFE OUT THERE ❤️🙌
Hey SD🎉
Great advice
Words to live by. Thank You Sir.
I have got to get my hands on that cast rune that is beautiful. I’m not one for collectors pieces but I’ve got to have one for my stack!
Very sound and solid advice all around Bless up 🙏
Cool, thank you 😊
Good advice. I note that greedy CA *JUST* changed its requirement on taxing precious metals. It used to be you had to spend over $1500, and as you point out, it's now $2000. Personally, I think taxing any of these transactions is wrong. Imagine changing a dollar bill into four quarters and having to pay tax on the transaction. Also, as to the end strategy, anything I haven't had to use for barter or anything I don't give away as a gift, I plan to leave to my children.
You *have* to pay a fee to withdraw money unless you have an account, but then you already pay account fees. Essentially the "tax" is just baked into the exchange
It’s about the government control and overreach.
I kind of wish I had stuck to simple stacking and had not gotten into collecting as well. My collection is basically just whatever different designs of coins / rounds I could find. Even though I tried to buy them on sale as often as I could it's still just not generally as economical as bulk stacking. Especially when collected ones have an added expense of keeping them in capsules, then needing a way to store the capsules. The collecting is more for fun it doesn't really feel like an investment, and certainly would be the very last of my silver that I would be willing to sell if need be.
In the Anglo-Saxon (Old English) runic inventory, that rune is called "ilcs". Literally meaning "elk". When written, it makes an "x" or "ks" sound.
The 2023 Germania Kilo has that black light effect too, that’s so cool!
All great points. I would add - shop around for the best price.
Love the Haylebug Mint bar. I got most of the characters in 5 oz bars.
Can you make a video on buying silver on whatnot? Like your thoughts, etc. Thanks silver dragon
Good info thanks for sharing. As a new stacker is it better to but "junk" buy the roll or just try to pick it a piece or two at a time? Thanks again for your time passing on helpful information.
Ebay doesnt have paypal fees anymore its 13.5% straight to your bank.
Yes.@@unclefester6501
I just look at the overall market history. If the price is fairly low compared to the historical average I hunt for spot deals and buy those. And specifically spot deals where I can meet the minimum requirement for free shipping.
A mistake I made was I didn't recognize that the mint on my 10 oz bars may be different. I wanted Indian Head and I got sent Eagles. I went back to the site I ordered from and saw that it said the mint may be random. Well, at least when it comes time to sell, I won't be attached to them as if I would have gotten the Indian Head Bars. So it probably paid off better, but make sure you get the mint that they are advertising. I believe it may have worked out better in my case though. I wouldn't want to let go of my Indian Head bars if that's what I would have gotten.
Another good idea while stacking is to sell some so you have an idea how that goes. If you haven’t sold any you will likely be disappointed.
Thanks
That 5oz mayan is so rich in detail !! Fire !!!
NOW, THAT IS COOL!!!! 👍👍
@silverdragons Do you the 3rd release in the Gangsters series release for sale? It's the 2oz John Dillinger antiqued coin.
I feel panicky because of cbdc and transferring to pm. Thank you for your wisdom
The best advice I could give, no matter if you're stacking for weight or collecting, is to make sure you shop around! Dealers rarely have the same prices for the same item, different prices for quantities, rotating sales etc... also, some dealers offer discounts for veterans, military, first responders etc. For example, JM Bullion sells everything ar their "as low as" price. Provident metals (owned by JM) has like a 15% discount last I checked.
Great video. .
How much is that Aztec Calendar worth , you had in your hand ?
Are the 1 ounce silver 2018 marvel rounds worth getting? I just started collecting a month ago seriously and I bought the Thor coin. Is it worth building that set? Thank you for your time, knowledge and efforts getting us this valuable information
great vids but i was wondering about where you found this cast rune algiz silver?
That 888 Lucky Dragon tho!!!❤
Kind of sad that point 3 is true. I don't disagree though! It is enjoyable to share with friends and family and try to get them into it. Even if I don't show everything I own or where I store it, its pretty easy to realize I have a stack when I open up to close people haha.
Here in Canada debit or cash it's still the same price at my local bullion dealer.
Great video brother thanks for the info nice stack
What if you have a gold and silver credit card like the one APMEX offers, the bullion card. Do you avoid fees this way?
Just bought 4 Britannias today. Why not it is cheaper at the moment. I usually buy 2 oz per week.
Regarding wire transfers banks usually charge fees for that. I know wells fargo charges me 25 dollars per wire transfer
You should have an episode on the specific youtubers who have created massive FOMO buying back in the spring; silver slayer is number 1 on that list! he's all quiiet now, but it was episode after episode of "silver resources are getting depleted y'all, just saying, just ask my buddy andy schectman!" and there's some other ones out there with the vid. thumbnails, "silver $2500!"
it has to stop!
I don't think you believe what you write. 50 dollars will be a success!
Alternativly you could watch them all and make your own decisions on investments like an adult.
Avoid that guy like the plague. Wish now I would have earlier in my stacking Journey. I did not dca like I should have and I should have bought more AU.
@@sublimesounds147 I do. But since we're on the topic of fomo, yeah, they should call them out!, don't make this about me!, im not the one making money from ads to spread fear, I am an adult and I do watch all these stacking channels, thank you very much.
Louisiana was about to start taxing bullion again this year but luckily the politician pulled the bill. State is so broke& politicians don’t want to cut spending so they want to start taxing everything.
@silverdragons Do you know any places on the Canadian market? the exchange rate its criminal to buy in USD
Would love to know where to buy the Runes.
I just bought a roll last week. I started stacking gold. So silver was natural extension
Fun!!!!!
I take my savings a little at time to buy my Silver, I also stash cash the same
Good advice !! If I do tell someone about my stack the first thing I tell them is it’s in a safe deposit box at the bank ! Which is true ! 😀
Not a good idea. The government can confiscate it at any time
I’ve only told a couple people, but immediately let them know about my lead stack as well. If your gonna have gold and silver, you better have the lead to back them up!
I stack lead as well ! The “spot price”of lead has really dropped the last few months !! 🤣🤣 I been buying some here and there to increase my stack.
Don't keep anything in the bank that include their boxes.
I only came to oogle over that 5ozt libertad, and that libertad...😮
Where did you get that piece from . The Ruin algiz
I come to Lewisburg about once a year
Any advice for UK stackers. Silver is a bit more expensive in the UK for some reason. For example today Britannia 2023 1 oz Silver Bullion Coin (King Charles III) is £30.43 for 1oz coin. Spot price is £17.86. = $38.63 vs spot $22.67
Also I have a couple bars on my boat in a safe they are pretty tarnished. any storage tips.
I've talked to a few stackers in the UK and around Europe. It's crazy the VAT they apply in some countries. I'm told that doesn't apply to gold in the UK so most of them just stick to fractional gold rather than silver.
Can anyone tell me why they charge me tax at Bold Precious Metals and also Golden State Mint? I have bought from a bunch of other bullion sites and private mints and was never charged tax. My purchase was for generic bars and generic rounds.
Hey Silver Dragon, I see you got the Scottsdale mint lucky dragon. My number 1770. The 888 giveaway would have been great to win. Thanks for your videos, I got into stacking after watching you. 🤙🏻🤙🏻🤙🏻
ANYONE THAT PROMOTES SD BULLION IS A LIAR AND CROOK
SD BULLION HAS'NT GIVEN ONE SILVER EAGLE AWAY SAY NOTHING ABOUT A MONSTER BOX
Gosh with all these taxes in the US , I’m very glad I live in Australia near the Perth Mint.
I just paid the tax on line for silver, because when I drive over the line, their prices are to high o their silver, unless I drive further away, but then I have to pay high gas price. I do get my gold cheaper over the line, no tax.
Nice lucky 8s. Got three but dropped my 0387 😢
No sales tax on Precious Metals in Tennessee!!
Why bring up not stacking sooner? It's not like you can go back and start sooner. It's something you can't correct.
👍 Thanks! 😍
I don't know if anything you missed, sorry. 😅
But I do have a quick question: What is the silver that has the built-in anti-milking/anti-spotting technology; I forgot? TiA! 😊
canadian maple 2018+
@@drewmcclintock7034 👍 Thanks!
#5 makes you want to do #1
He forgot to tell you or I missed it, that many dealers like SD Bullion have first time buyer deals!!
So to avoid tax.... avoid buying from SD Bullion. Got it.
What's an acceptable price over spot for generic silver?
~$3.50 to $1.50/ozt depending on how heavy the piece is. The heavier the piece the lower the premiums generally are
Anyone got an idea when those Cast Runes are going to drop this year???
Hey California stackers, no sales tax in Arizona.
How does someone avoid paying premiums on silver? Like seriously, everyone charges a premium even the local coin shops sell at a premium .
How many ounces of silver do u own?
I love living in Oregon. No sales tax.
You don't need to physically hold silver. You can buy it through revolut etc
Yeah I don't pay no sales tax in Texas no matter how much I buy. It could only be 1 or 2 ounces that is only if I pay in cash
Texas doesn't have sales tax on bullion or PM coins. It does not require payment in cash though my local PM dealer does not accept credit cards (debit OK). Texas also has an official depository of PM for a fee.
Trading down just to get something new, and selling silver to pay bills.
Well, in my opinion, stacking and collecting is hard to separate. For me, I don't pay crazy premiums, but I will pay more for what I like, just like stamps, art, or anything else. Just be realistic, if has metal value, and maybe a little more, depending on demand.
Until premiums come back down to under a dollar for generic i am not touching silver.
@@limbuel A Dollar just isn't worth the same anymore. Of course, get the cheapest premium that you can, but don't get hung up on waiting for Dollar Premiums to return. I don't think it will happen again. Then again, you probably weren't being serious.
@@fin59shaw A ounce of Silver is not worth the same anymore either. Spot price and premiums are dropping and will continue too is what I believe. Am quite serious just wait be much better buying opportunities ahead. Are you a bullion dealer?
@@limbuel Well, we do disagree, no big deal. Nothing wrong with waiting, everyone should only buy when one is comfortable with a purchase. No, I am not a Bullion dealer, but there are a lot of great choices on the Internet.
Please let the SD Bullion giveaway be over.
Most common mistake silver stackers make...is not letting me hold onto it for them
I sold MOST of my colectables! Its about WEIGHT for me!! Best priced silver I can get!! I have some gold to! ...... 6 years in now, done well but WAKE ME UP WHEN IT HITS JUST $40+!!!!!!
I would say panic buy of the price goes back to 15 bucks.
Algiz , where’d you get it? Protection , higher consciousness…
1:24 Really? Didn't you do several videos where the silver supply is finite and about to run out in the past several months?
Finite? Yes. But I don't remember his saying that the silver supply will run out in the next several months
Legally they can not charge 3% on a debit card. They may but it is illegal. They can charge the transaction that will not amount to 3%
BEEN SAYING IT FOR 10 YEARS
Here is a big nono that he didn't mention, but he actually demonstrated in the video he did.
DON'T BUY NUMISMATIC
at the end of the day the only thing that matters are the oz. Not only is the premium on the numismatic not worth it, but because they are less recognised (less common) they can actually sell for less in a crisis, then a US eagle or Canadian Maple leaf. So stick to bullion COINS
Fees are how card companies make some of their money especially if someone is only using a pre paid debit NOT a credit card (like me) there is no interest that the card company can charge because it isn't borrowed money so they have to make a profit with transaction fees... it's business so I understand why they charge them and cannot be mad at them for it they are running a business and are in business to make money.
Another thing...for the reason of safety from theft and fire keep ALL your precious metals silver, gold etc stored in your neighborhood bank vault KEEP your entire collection there especially if you have no plan to sell it anytime soon anyway and are holding it as a preservation of wealth for the long term keep ALL your precious metals stored at your local bank.
Anyone else get seasick with the hand motion in front of the camera and the constant camera refocuing?
What would silver be good for? In terms of goods and services.
Nada. It's nice and shiny. It more or less retains value. That's it.
Gold is more useful as a portfolio diversifier but you better be ready to hold.
90%-USD coinage could still get you a gallon of gas and biblically speaking land/cattle/servants.
Let's see: Its conductivity, medicinal properties (I think that may have been one of the reasons the powers-that-be removed it from coinage because handling it, it acts as an antibacterial. Probably a whole lot safer than hand sanitizers--but corporations can't make more money then!) and jewelry immediately come to mind. It's been money since biblical times.
Silver is an industrial metal as well as a monetary metal. It's the best conductor of electricity and is used in TV, phones, solar panels, EV car batteries etc... Right now the silver gold ratio is 80:1. When silver comes out of the ground, it's 7:1 with gold - obvious market manipulation. So get ready for a 40x rise!!! Lastly, gold & silver are constitutional money (not dollars created by the FED).
So would silver be good for grocery shopping, recreation and entertainment?
For me, if I don’t pay shipping, I won’t be able to get ANY silver.
Just make a purchase above 199$. Everyone has free shipping above that.
the 6th mistake is not knowing how or where to properly secure and store your stash
What silver to buy depends on one’s reason to buy. I intend to make mine an inheritance to my much younger relatives. But also to have some savings in physical assets other than federal reserve notes. I won’t likely buy any comic book like pieces or Disney, Star Wars, or coins with current politicians images stamped on them.
Your beautiful pieces make my mouth water.🤤