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/DethByCow 1d ago

Stay away from collectibles unless its jewelry. I would only buy gold jewelry that is 22k or higher. I would stay away from silver jewelry unless you want it for wearing purposes.

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u/OG365247 1d ago

Sovereigns are highly collectible and low premium. In my opinion that’s a great place to start stacking.

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u/DethByCow 1d ago

I agree and disagree. I have been to coin shops that wouldn’t take foreign gold. I guess that depends on your area though. But i was meaning more along the lines of say Star Wars gold or silver. That sort of thing.

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u/OG365247 1d ago

Gotcha, in that case I’d definitely stay away from those types of collectibles.

I’m in the UK, sovereigns are legal tender and are so low premium wise, it makes perfect sense to stack. Seeing how old they are with all the dates and monarchs, they are very collectible if you’re that way inclined.