I am not a financial adviser, and this article is not meant to be financial advice.
Stacking precious metals is a great way to store value and a hedge against inflation.
It is also a fun and enjoyable way to save and grow one's wealth.
Your stacking journey will be most gratifying if you are prepared with a few basic knowledge and understanding of why you want to stack.
Here are some basic DO's of stacking.
- Do know your budget.
- Do stick to your budget.
- Do add to you stack on a regular basis.
- Do follow a planned list of precious metals to stack.
- Do compare prices and purchase precious metals only from reputable sellers.
- Do store your precious metals in a secure location.
- DON'T put all your savings in silver. Grow your fiat emergency fund. Diversify your portfolio with gold, real estate, invest on a 401K, pay off debt, and contribute to an IRA (Individual Retirement Account (IRA).
- DON'T purchase precious metals on impulse.
- DON'T purchase too quickly and too much, without planning.
- DON'T use revolving debt to purchase precious metals.
And these are very basic DON'Ts of stacking.
I dedicate this article to two new friends in the stacking community @georgemales and @teenagecrypto, and to the #ladiesofssg4eva particularly @thekittygirl and @soyrosa.
Below are the links to past articles on stacking for beginners.
- Silver Stacking for Beginners: Part 1
- Silver Stacking for Beginners: Part 2
- Stacking for Beginners: Part 3
- Silver Stacking for Beginners: Part 4
Thank you for viewing this article. I will see you again soon!
@silversaver888 
@silversaver888 is a proud member of #steemsilvergold
♥.•:¨¨:•.♥.•::•.♥.•:¨¨*:•.♥
Mene 24K jewelry is a great way to build a gold and platinum stack.Earn $5 in Mene credit for signing up for Mene with this invite link: https://Mene.com/invite/cK5BKh
😊 Make it a FRUITFUL DAY!!!😊
Hugs and Kisses 🤗💕💋!
Thanks for the advice in stacking and appreciate you adding me in your article
I am inspired by you for starting your stacking journey early in life. Make wise acquisitions, my friend @teenagecrypto. Remember, there is no rushing this.
I will
I tend to see these One Dollar U.S. Silver Eagles being discontinued, and Replaced by One Ounce, Five Dollar U.S. Silver Eagles...
August 2, 2019... 16.8. Hollywood Time...
Imagine 5 oz coins in your pocket.
I can't picture anyone carrying that much "Spending Power" in their Pockets... The Melt Value of 5 Ounces of silver (after the reset) will be $1,750.00 "if" measured in Federal Reserve (Debt) Notes... If measured in U.S. Coinage, the Melt Value will be $17.50 for 5 Ounces of Silver... Remember... The U.S. Monetary Reset is all about having our "own" Sound Money... A $50 U.S. Gold Bullion Coin will be "Equal" with $50 in any Form of U.S. Coinage... Bullion Coinage, Crypto Coinage, Paper Coinage, Clad Coinage, and yes, even U.S. Collector Coinage...
August 2, 2019... 18.1 Hollywood Time...
What is your source of these projections, @pocketechange?
You won’t Hear or Read my Words coming from any of the Financial Guru’s... Logical thinking and a Wild Imagination tells me that "Sound Money" will bring us to a Silver/Gold Ratio of 10 to 1... We already have our $50 Gold Eagles in Place... A 1/10th Ounce U.S. Gold Eagle has a Face Value of Five Dollars... For a 10 to 1 Ratio, we will need a One Ounce Five Dollar Silver Eagle... One Dollar Silver Eagles will become Collector Coins... This way, a One Ounce, Five Dollar Silver Eagle will be "equal" with a Five Dollar, 1/10th Ounce Gold Eagle Coin... People wouldn't go for a One Dollar Silver Eagle being equal with a Five Dollar Gold Coin... Anyway... I am the Source of my U.S. Monetary Reset Theory...
August 2, 2019... 19.3 Hollywood Time...
So what do you think of the $20 for $20 coins of RCM?
My Theory only pertains to U.S. Coinage... I’m sure Currency Exchanges will continue to exist... You’ll still be able to do some type of exchange...
August 3, 2019... 13.2. Hollywood Time...
By the way... Canadian Gold and Silver will be Pouring into the United States, in Exchange for our U.S. Bullion Backed Coinage...
August 3, 2019... 20.7 Hollywood Time...
@silversaver888 you sure add value with each post💐🙏
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Collecting coins is a great hobby. They refer to it as the "hobby of kings". Yet, stacking is a totally different endeavor. I hope that my blog encourages you and others to stack and save in precious metals. And it starts with getting your first silver piece. Have a wonderful weekend ahead, @clitadias.
I know this because I used to collect coins, now my daughter does. Bless you. Big hug.
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Excellent write up. Boy, have I made some of the don't mistakes. Both of these apply to me for sure.
DON'T purchase precious metals on impulse.
DON'T purchase too quickly and too much, without planning.
And I'm about to do it again on Monday. LOL
Hehehe... you are so funny, @vgholdingsllc, hahaha!!! We are free to do what we want to do, my dear friend, but we are not free to suffer the consequences. Just buy what you like. In this way the pain and consequences of buyers remorse will be less. LOL! We all fall for doing things that we know we shouldn't. It makes life colorful and exciting!
Thank you silversaver888! You've just received an upvote of 61% by thejollyroger!
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Great, @thejollyrogers!
I'm a bad girl, I purchased some of my silver on IMPULSE!
Hehehe, I have a handful of those. And who doesn't fall for hypes or for such beautiful silver! Stackitus is prevalent with us. And I think I'd like to share some of that experience on my blog...
Can’t afford anything.......abort plan. Mission Impossible.....😪😪😪
A temporary hold on plans is reasonable. I think that many stackers do that on specific times when situations dictate it. And at times, stackers liquidate their stack when the need arises. That is precisely the reason why many stack... to have something available to liquidate if needed. Take care, bestie!
Im sooo under The... Dont buy on inpulse 🙈 OMG... Lol
But I do have a kind of plan that I kind of stuck to... 😂🙈 Hahahaha... Im so doing it all wrong right?
But I NEVER buy up all my money on silver, and I have no dept but on my house and I do pay off so... If I haven't enogh money... I don't buy.
I am proud of my collection and The choices I made in many of them.... But I DO need a better plan, list and stick to it... That way its easier to keep track 😉👍
Thank you for sharing this and I love how you looking out for new stackers and give advices.
You are amazing my sweet friend. ❤️🌹🌸
Hehehe, that is called Silver Fever, otherwise known as stackitis here at SSG. Each one of us gets bitten by the silver bug that causes Silver Fever. When it hits, we get impulsive, we buy quickly and fast, and unsually unplanned. Hahaha!!!
I am a bit of a bad boy so i purchased some of my silver pure on impulse... but thanks a lot for adding my name in your post and talking your time to give some really good advises to the new members of the community (like this i start to follow as well @teenagecrypto and @thekittygirl)
Did a bit of a crazy thing the other day and order online few very stunning coins but since they were in preorder i will receive them at the end of September (almost 8 weeks delay) and just wait to post about them...
Have an amazing weekend @silversaver888!
Oh, oh!!! You've been a bad boy! So now you must wait!!!
“Don’t buy on impulse...”
Oops! 🤣😂🤣
Oops! 🤣😂🤣 It happens to me specially when it comes to community hand poured silver! For this reason, the stacking gods say: Buy only what you like. It minimizes buyers remorse after impulse buying.
Very good advice indeed! I am not a collector myself, but have often been curious about this community as I have a number of friends that are members. I will have to read some of your other posts in the Silver Stacking for Beginners series.
Maybe I might find some rare coins in my change box! One never knows.
Have a great weekend.
Thank you for stopping by and taking interest in reading this post as well as wanting to read the past articles on the topic. I certainly hope you enjoy it. Let me know when you do decide to start stacking. It is fun! Have a great weekend, @sgt-dan, and I hope to see you again. Take care.
You are in my thoughts always, like all the #ladiesofssg4eva! And you are not really a newbie. You have such a great collection of coins! Have a fantastic weekend, @thekittygirl 😊!
Some time ago, one of your posts really inspired me get on a regular schedule to purchase metals. That one bit advice went a long way for me. Consistency is definitely the key.
Thank you for sharing!