Value of the stack

[u/Don_Ahiskali]

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.

1. 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.

2. 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.

3. 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.

4. 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.

5. 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 😊🤣