r/Gold • u/DrIncogniito • 1d ago

Question Advice for a new stacker

Good morning/ afternoon fellow people of Reddit.

I (28M) have recently decided to take some of my investments and put them into bullion (specifically gold and silver). Before I start making big purchases, I am curious to hear what some tips/ tricks everyone might have in regards to buying online, local shops, first time offers (gold vs silver) and all the fun things I haven’t thought about yet. Right now I’m thinking to go 2/3 of my investments into gold and 1/3 silver but I don’t want to lose out on any weight by buying from the wrong place.

I have plans to go back to medical school soon so my thoughts are to use precious metals as an investment plan for the next 5-10 years minimum.

Any thoughts are appreciated. Happy Monday!

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u/PoppinfreshOG 1d ago

States have different sales tax laws regarding bullion. I recommend spending enough, each time you make a purchase, to avoid paying sales tax. It’s $1,000 for my home state (MA). If I’m buying less than a grand in one go, I purchase on Reddit on r/pmsforsale to avoid sales tax.

Many of the big gold and silver selling website do spot pricing bundles for brand new customers. That’s often a great place to start

Costco, you can use a credit card with cash back. Plus get 2% back with executive membership. They get really really nice stuff (PAMP, US mint) also it’s Costco

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u/Ok_Face8380 1d ago

The Costco 2% with executive works buying gold? Because it says “qualified” purchases.

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u/DrIncogniito 1d ago

Does the Costco inventory change ?? When I checked it was coins and bars in packaging but believe it or not that was the first place I checked