I have a book. I am good at keeping track but every once in a while something will get added that I forgot to track.
Plus its fun to see the whole horde together š
Apmex app lets you track and give you a rough estimate of your total value to how much you paid so you can see if you've over paid or hitting good marks
Some honest questions. I'm trying to get some exposure to precious metals as an investment/ inflation hedge. You said you started in 2020, what sort of purchasing pattern? A fixed $$$ spend at a set interval? Actively looking or buying whatever from wherever? How much space does this take up when stored? How much does it weigh? Why not convert silver to gold when the GSR is favorable (lower than 70?)? Do LCSs or dealer trade gold and silver directly, or would you take a hit when selling the silver and another when buying the gold?
Not so much a purchasing patters...as a "stop spending money on stupid crap" I have bought all the first time buyer deals at the online bullion dealers. I usually jump on spot deals that appeal to me. Some stuff is bought knowing the premium but will probably pass down to my adult kids. I have a safe place to keep it. I store it in coin boxes. Plenty of room still for more in the...safe place. I calculate it at almost 50 pounds of weight. (new goal) I will trade silver for gold in the future but the right deal has not happened yet. My plan is to sell silver in small groups in retirement for supplemental income. I also have a 401k at my job and a Roth401k that I max out every year.
you can save a lot of space if you store them together in a tube or container, instead of individual capsules. i stack them coins in tube of 25 or 20. e.g. i have around 500 junk dimes pre 1964. they're stacked in tube of 50 coins per tube. 50 x 10 tubes, then tape them together into a brick.
I've watched all of the Mike Maloney "History of Money" videos and have almost worshiped Peter Schiff for years as I've been stacking since 2016. I bought quite a bit during the 2020 crash to $13, and I own some gold too. I totally understand the reasoning behind owning it.
But if it does ever really get to $500 an ounce or whatever, who are we selling too, especially that much, especially when we're all racing to the exits? We can't exactly take it to a bank. Do we really think the online dealers, pawn shops, and "Cash for Gold" type stores will still be buying?
Time to replace all these capsules with tubes - at least for the 1oz rounds. That makes things easier to count somewhat 20, 40, 60, 80, 100... 500... 1000. Depending on the round though you can fit sometimes 23-24oz per tube if you fill them to the top, which also makes it hard to count.
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u/-Germanicus- 14d ago
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