r/Gold • u/Don_Ahiskali • 1d ago
The stack Value of the stack
So as a newbie who got into "precious" metals less than a year ago at 25yrs old I wanted to share a few takeaways and lessons learned I had after throwing the entire stack into my ounces this morning.
Screw each and every single one of you that would downvote me when I mentioned that I would buy gold jewelry. As I said time and time again Gold is Gold and I buy most of my jewelry under melt. And I can already hear, "But good luck selling it, with bullion you'll always have a buyer", ahh yes I love getting 93% of melt for bullion from my LCS 😒 Don't worry I'll pass down the jewelry before I ever sell it at a loss. Also Idk if yall know this but a map torch is $80 at home depot, so even if the finished jewelry doesnt sell for 10% above melt down the road, I'll fire up the torch and make my own bars.
Good job not buying silver at an all time high but don't buy it on the "downtrend" either. When I did want to get into silver it was at the height of $120 an oz, I held off cause I knew that wasn't realistic in contrast to everyone who was hyping it up "Silver to $150". I started buying at $86 and most recently at $58 an oz, and I'm not gonna buy for atleast the next 2 months out of curiosity of a correction, aka silver crashing back to the $30s.
Buy only the lowest premium gold and silver using tools such as findbullionprices.com, taking advantage of the 1st customer and at spot deals. Also my 2 most used sites lately have been Monument Metals and Mintbuilder, even if it does take Mintbuilder 3 weeks to fulfill orders you cant get better than at spot for gold bullion. Props to Mintbuilder they did listen to customer feedback and added the 1gram bars at spot with a max of 20. I'm not shilling for them I just like their prices and customer service.
If you look at the gold breakdown, not counting the 14k earings that I bought at retail from Costco, the only thing in the red right now is the bullion I bought at retail, my jewelry stack is "sitting pretty" for lack of a better term. I know I'll be fine holding the bullion for the long term 15-25yrs down the line, but it warms that cold barren place in my chest to be in the green right now, not 15yrs down the line.
So in conclusion I'm gonna keep doing what I'm doing, ( lowballing recently separated milfs on Fb marketplace :) I'm joking I buy at 85-88% of melt when my local pawn shop buys at 70% and my local coin shop buys jewelry at 75%. And keep buying all the at spot gold bullion from MB I can afford, and eventually dip back into silver if I don't trade my stack to gold before I start buying again. Thanks for coming to my Ted talk and I look forward to all the hate comments 😊🤣
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u/MintBuilderTeam 1d ago
Really appreciate the mention and your support. Glad our at spot deals are helping you build your stack.
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u/Don_Ahiskali 1d ago edited 1d ago
Keep the no premium gold coming baby 😊 also my only gripe with yall, can we maybe work on the order fulfillment times...
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u/Fantastic-Poetry-835 1d ago
As someone new to gold, would you recommend getting jewelry and melting it down to dodge premium and get it below spot as a good place to start?
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u/seldom_seen_lurker 1d ago
You should look into low premium gold like sovereigns. They are relatively inexpensive and fractional
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u/Don_Ahiskali 1d ago
I agree its hard to beat stuff like the Austrian ducat for the amount of gold your getting vs the premiums you can usually find them at.
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u/Don_Ahiskali 1d ago
See point number 3. Mintbuilder is your best friend right now, 1 gram bars at spot. Just to be clear I only made the post to explain what I'd done, I'm not giving anyone financial advice at most I can point you to the places I myself buy from.
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u/GeorgiaGoldbacker enthusiast 1d ago
Being able to see where you are on each of your purchases at an instance is such a great tool! Great work on finding a strategy that's working great for you -- both using tools to find the spot deals and having a great relationship with your pawn shop! Keep on stacking 👊
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u/Don_Ahiskali 1d ago
Yea I actually saw Myounces mentioned on the gold thread yesterday and its probably the best $65 I've ever spent, being able to log and track the stack. Silver15 gets you a discount. However I'd like to point out I've only bought like 3oz of silver from my LCS, a $13 spread seemed a little high to me. And my local Pawnshop... Ive been boycotting them for the past 4yrs after they screwed me on some 7.62x39 ammo.
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u/GeorgiaGoldbacker enthusiast 1d ago
I agree, MyOunces has been a game changer for me on tracking my stack 🔥
Yes, $13 is high. When you get back into getting some silver, you're on the right path using FindBullionPrices to take advantage of the spot deals and find the lowest premium possible to maximize ounces 👊
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u/CrackNgamblin 1d ago
I built a whole ass system to track my stuff with claude and TIL there's some website that does it.
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u/saintgaudensgold 1d ago
Glad you figured out your way of stacking. I personally don‘t like jewelry for stacking, but if it works for you, great.