I finally did it!

bozz (79)in LeoFinance • 3 years ago

I have been talking about this day for quite some time. Promising that I was going to finally follow through and purchase some silver to stack... Well, this past week I actually did it and I wanted to share with you what I picked up.

My original intent had been to buy some of the "random" silver bars from APMEX. I thought it would be kind of cool to not know what I was getting and be surprised when I opened the package. Unfortunately, I had to hold off on that purchase and by the time I logged back in, it was no longer available. They seem to rotate through stuff pretty regularly on this site, so if you want something you need to be quick on the draw.

One of the main reasons I went with APMEX is because it was fairly simple to make a purchase with BTC. I have been casually mining some Bitcoin on a couple of machines at home over the past year and I wanted to take advantage of that "free" money and move it into a different kind of investment.

Another cool thing about APMEX is there was a Honey code, so I was able to save 10% off my first purchase.

I ended up spending just under $200 USD and picked up six 1 oz. silver "bars". My wife was a little skeptical about the investment, but when I told her it came from crypto money and not our checkbook she was more accepting of it.

For my first purchase I didn't want to go crazy on some of the themed pieces. I know you pay a higher price for the artwork sometimes and I just wanted to keep things fairly simple. Plus, I am kind of not a fan of the colored silver items that they have out there. I think it takes away from the beauty of the pure silver. That is just me though...

This is the other side of the piece that you see in the intro. I actually picked up two of these. One came in a nice plastic case and the other one is just floating around in a plastic bag. I apologize that some of the photos are blurry. It was late when I got home and I didn't feel like learning the intricacies of macro mode on my new phone at 9 PM.

This one is probably one of my favorites. I wish the back had a little more to it, but the pattern is kind of cool and the buffalo on the front is really awesome. I like how it kind of looks like an old bank note.

If I had to pick another favorite, it would probably be this one. I am sure those of you who are more experienced than me can tell me if "Silver Town" is a major brand or something like that. Personally, I was more interested in the "mascot" of the miner and the donkey/burrow. I just think it is a really cool motif given the medium that it is etched on.

I'll be honest, this American flag one was kind of a throw away. That isn't saying I am not a proud American, but I couldn't find anything that caught my eye, so I settled on this one. I should have probably looked at the rounds and picked something up from there, but I didn't think of it at the time. It is still pretty cool, but not as much a favorite as the previous two.

Finally, I also picked up this 1oz square that was enclosed in a plastic case. I thought the front of it looked really cool and despite my previous statements about colored silver, I think the back is kind of neat too. I like that the back is more of a subtle blue. They just use it to accent the silver instead of covering it all up.

Overall I am pretty excited about my first ever silver purchase. At this point I would be hesitant to say this is going to be a regular occurrence. There are just too many crypto projects happening that I want to invest in that I might not have the free funds for precious metals in the future. That being said, I am really happy that I was able to expand my portfolio a little bit and branch out into some alternative assets. Even if it was only a couple hundred dollars worth.

I will be locking these away in one of our safes as soon as I get home today!

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All pictures taken by myself or @mrsbozz

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3 years ago in LeoFinance by bozz (79)

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dswigle (77) 3 years ago

I like them!!! I have been adding silver and gold for a few years (maybe even a few more than that) Never a lot, but, enough to diversify nicely. I have never looked at this one and they look worthy of a peek.

I think it is great to add a few here and there, but, the other projects sound more interesting right now. :)

Congrats!

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bozz (79) 3 years ago

Yeah, it is hard to know where to put your money with all the great stuff happening. I know this is likely more stable for the foreseeable future, but I am still a little hesitant to go all in I think.