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RE: 3 Months of stacking... my collection of silver bullion so far
I’m considering liquidating my vintage watch collection to try stack silver... any advice for a novice?
I’m considering liquidating my vintage watch collection to try stack silver... any advice for a novice?
Well... vintage watches are highly niche and probably worth high dollar to the right buyer, but they are not liquid like silver. I started (and continue) to buy as close to spot as possible. I don't worry about mint mark, design, limited edition... blah blah blah. Silver & gold prices are so low right now that I buy in bulk when I can. Buy the stuff on sale, buy the ugly stuff, the tarnished stuff... silver is silver man. I also check pawn shops on Fridays. I let my local shops know if they get in silver and sell slightly over spot, they have a guaranteed sale the same day. And I follow through. I also negotiate the "out the door price".. meaning whatever you have to tax me is coming out of the stores cut.
Very helpful. Thanks!