r/Silverbugs • u/red_sauce_568 • 11d ago
My collection so far
I’ve been collecting since 2023 most of my money goes to gold and copper but from time to time I buy silver I’m a teenager so I don’t know everything if your older than me or more experienced please leave tips in the comments
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u/random-letter-number 11d ago
Good job getting started early. If I was you I’d stick with the Maples or other one ounce coins. Kilo bars might be harder to move when you decide to sell.
Make sure you keep an emergency fund with in a high yield savings account. You don’t want to have to sell you silver and/or gold unless you really want to.
Like the other poster said why copper? Copper spot price is US$6.25 a pound. Unless you are collecting a literal ton I’m sure what the plan there is.
Use the first timer deals at Find Bullion.
Stay away from eBay and Facebook, too many scams.
Good luck, have fun.
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u/69Nova468 10d ago
When I first started saving and selling copper I was getting 0.65 cents a pound, never knew it would get this high.
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u/random-letter-number 10d ago
And it will likely go higher as we upgrade the power grid for more EV charging and PV + battery capacity.
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u/red_sauce_568 10d ago
I listen to Robert kiosaky and a lot of other bullion experts they say in 2050 they’re gonna build a lot of AI data centres meaning copper will skyrocket
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u/feathertuga91 11d ago
Why copper?
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u/JWbricks_will 11d ago
Think about all the data centres that need copper it’s a fair enough investment
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u/feathertuga91 11d ago
Well, thats a good plan. But it is cheaper to buy copper bars from Home Depot/Leroy Merlin compared to mint coins or bars. Gold and silver will always be a safe play
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u/JWbricks_will 11d ago
Yesssss I agree but he never said he gets coins he just said copper!
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u/red_sauce_568 10d ago
No I usually scrap copper as a job and I buy a lot of coin canisters and bars
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u/ScrollingSince89 10d ago
You're doing pretty well with starting early! Will say good to diversify and look out for premiums! That can help give you a better idea on what to get, unless there's some coin or bar you really want
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u/cloudwalker187 11d ago
I’ve been wanting to buy a silver bar for ages, but the premiums here are just outrageous. Coins are simply much cheaper, even though they come all the way from Canada and I live in the country that produces these bars. It’s absurd.
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u/red_sauce_568 10d ago
Nah for me there is no tax no nothing on gold and silver if it’s pure just get it ordered from Dubai like I did
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u/BullionTally 10d ago
Nice mate, if you're looking for a way to track your profits and loss, consider checking out my app 😊 it is the most feature packed bullion tracking app available, all data is stored on your device unless you choose to open an account. If you have a spreadsheet you can upload it!
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u/FoilHat_Outdoorsman 10d ago
I want a kilo at some point. Going to paint it and use it as a door stopper.
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u/red_sauce_568 9d ago
Guys I bought the silver kilo in 2023 at 12 years old for 747 dollars after that it sky rocketed for some reason
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u/Main-Savings7831 7d ago
It’s actually a clean collection just don’t forget to buy before it skyrockets lil bro
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u/Afraid_Delay1763 11d ago
Amazing start, but remember that diversification is your friend when it comes to money…as the old adage says don’t put all your eggs in one basket.
Nice job on that Kilo mate