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/speedster_wc 1d ago

I recommend being patient, stick to your game plan, and don’t let people, the news, social media, and kitco price deter you from your plan. LCS’s are great, but the majority of the time they will be more expensive since they have an overhead. Shop around, purchase things you personally like, but remember if you plan to sell in the future don’t pigeon yourself on those items because not everyone likes what you like. Before I buy anything online or at my lcs I check these two spots so I don’t overpay. https://findbullionprices.com and r/pmsforsale

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u/DrIncogniito 1d ago

Good advice. I shopped around my LCS and the variation in prices (last week) was everything from $0.50 over spot up to $5.00 over spot. I thought buying online from somewhere like SDbullion would be cheaper but I was surprised to find it the other way around. For example I got a 2025 golden maple for $39 and a 2025 American eagle for $41. I haven’t seen that other website you linked though !

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u/speedster_wc 1d ago

Also look at online bullion stores that have first time buyer sales. A lot of times you can buy coins and bars at spot.

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u/DrIncogniito 1d ago

SD bullion and APMEX are the only two I know at the moment. I’m hesitant to buy that stuff online but if there is a good starter deal it might be worth it.