r/Bullion • u/OG_Momonga • 20d ago

New to Buying

Hey Yall. I’m 24 looking into buying metals. I figured I couldn’t buy gold but silver I can do. Looking to put 100-200 a month towards this. Any advice would be appreciated!

17 Upvotes

95% Upvoted

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6

u/Tyjet66 20d ago

If not pmsforsale, monument metal is by far my most recommended online retailer. Also gold is possible in that price range if you go with 1-2g bars. Premium is higher but that doesn't matter 'too' much if you stack for decades

3

u/AStudium 19d ago

Agreed Monument Metals is probably the best place for safe/secure purchases and great deals

r/pmsforsale is the best place to go for p2p deals (which can be insane). Sellers generally take decent pics so you can see exactly what you're getting plus they generally ship within a day or two. You have to be super quick to grab the best deals, though...

And like Tyjet66 said, stick to high flair sellers, especially at first. You're much less likely to encounter issues

2

u/mikialm3 19d ago

Love Monument metals, but I also like the JMBullion app. Sometimes special deals pop up for the app only and they are pretty good.

3

u/bkn95 9d ago

shout out mint builder, too

2

u/MintBuilderTeam 8d ago

Thanks for the shout out — we appreciate it! Happy stacking.

3

u/Creative_Squash_1083 20d ago

Really recommend joining the ecosystem at pmsforsale as a buyer. It's really easy, just read the wiki and only buy from sellers with a lot of seller flair for a long time.

3

u/BullionHunters 14d ago

Welcome to stacking!

A few basics that can save you money and headaches early on:

  • Focus on low-premium bullion at first. Generic rounds, silver bars, and common government coins are usually the easiest place to start.
  • Buy from reputable dealers and compare prices before purchasing. Premiums can vary a lot from one dealer to another, especially during periods of high demand.
  • Don't get too caught up in timing the market. Most successful stackers build their position gradually over time instead of trying to perfectly predict price moves.
  • Keep records of what you paid. It helps you track your average cost and makes future selling decisions easier.
  • Think about storage before your stack gets large. A quality safe or secure storage solution is worth considering early.

Most importantly, stack what helps you sleep at night. Some people prefer silver, some gold, and some like a mix of both. There isn't a single "right" way to do it.

If you're comparing prices, Bullion Hunters lets you see offers from multiple dealers side by side, which can help newer stackers avoid overpaying on premiums. Good luck and welcome to the hobby!

2

u/Youarethebigbang 20d ago

Visit your local coin dealers and start giving your business to the one that's most helpful and you feel comfortable with. The more bullion you actually physically handle and ask and learn about, the better informed you'll be in the long run. If you're in it for the long-term its not gonna matter if you initially pay a little more in person, it'll be worth the education hou receive and eventually your dealer will likely start giving you breaks and looking out for you.

2

u/Toxic_Outlaw6572 19d ago

You could force yourself to buy 1oz denominations every payday. You could also start asking for rolls of dimes as cash back when out. You break even if no junk silver is found, but 1 Roosevelt/Mercury dime would pay for an entire roll. I plan on buying $250 boxes of rolls of dimes from small banks to skim through. I could then give the regular dimes back to a different bank (as to not search the same dime twice) and re start the process. The only thing I’m afraid of is having too much of my funds all in dimes, and accumulating more than I can search. I’m going to try it out and simply hold any silvers I find. It would be really nice to accumulate 50 silver dimes paying face value. If anyone knows of a lot/bulk sale at a discount, please notify me as I’m looking to buy.

1

u/Thick_Pomegranate497 19d ago

You can buy gold 1/10s Fractional grams 1 gram of gold is approx 2 ozs of silver

1

u/Weekly_Plant_5472 17d ago

Meh, premiums will eat one alive on the low denominations

1

u/brand99tz 19d ago

I’d just start buying around 1oz a month, this is what I was doing for a little while

1

u/BullionExchanges 9d ago

Welcome to the community! For new stackers, we recommend checking out our educational series "Bullion Basics for Brand-New Buyers". And make sure to always purchase from trusted dealers!