Win a kilogram silver bar! Lucky Draw 1 – 30 June 2015
One whole Nadir 1000g silver bar is up for our Great Singapore Sales Lucky Draw! (WORTH $850! Based on today spot price)
What you need to do to win:- Step 1: LIKE Our Facebook Page (www.facebook.com/goldsilvercitysg) Step 2: SHARE the post (the facebook post) with all your friends on Your facebook wall. Step 3: COMMENT in the facebook comment box below after you are done!
Results will be announced here on facebook on 5th July 2015. Good luck!!
If you are new to stacking and don’t have a clear concept on how to start, here are some tips here. I am no expert, there are many more experts out there preaching their advice. Be cautious though, as many advice can be confusing and not suitable for newbies. I learnt this the hardway. I started some years ago and learnt through the school of trials and errors:-
Start stacking silver with a clear budget. Know what amount of your disposable income you can afford to start stacking. Only use spare cash that you can afford, for example, how about reducing your entertainment expenses like that weekly drinking session? Or cut down on that expensive daily starbucks? Those small bills can pile up to be a good silver stack.
Do not get carried away and over-stack. Start small, and do it regularly, along the principles of dollar cost averaging. Do NOT throw all your cash into silver. Keep some cash for unpredictable emergency needs. This is to avoid selling your silver at inappropriate timing when you badly need the cash.
Diversify your investments for the future. Do not invest in silver. It is healthy to hold a good portion in precious metals, such as gold. Invest in stock index funds, some healthy insurance plans or pay off your mortgages and debts. Plan for the future.
Especially for newbies, do not get overly excited and buy everything! Stick to regular buying. It would be better than to overindulge and exhaust your savings. Many newbies fall in love with this healthy habit so much that they overstretched themselves in the first few months.
If you are fairly new, stay away from the fanciful stuff. Numismatic coins are lovely, but as a newbie, wait till you are familiar with mintage and designs first. If you really like a design, do some research and buy small. You may become more skilled at this and appreciate this hobby, but start slow and slow.
Try not to buy from eBay, Craiglist, Carousell or some unknown guy from any forum. There are many bad sheeps and fraudsters around. Stick with some reputable online or physical shops. Take your time to shop around. You can google for a few shops. (Disclaimer I am vested with www.goldsilvercity.com.sg which offers free delivery and low premiums)
Don’t be impatient. This is a great hobby that will grow with you for years. =)
Start Stacking silver. Start small and buy regularly, like once a week or month. Enjoy this beautiful and valuable hobby and you will be thankful when you retire!
For those who loves to look at TA movement of gold, silver and platinum, hoping to grab some physical silver or gold coins before the market trends move up…
Here is a simple TA analysis by Mr Cillin, with permission from him.
His analysis :-
Gold, Silver and Platinum Symmetrical triangle form in Silver and Platinum looking for break down or break out. Gold seem to have Symmetrical triangle too. Gold COT buying interest is increasing yet to hit above 90 Silver and Platinum COT buying interest decreased last week after few weeks of increasing
By the way: COT refers to Commitments of Traders, a report that shows both the interests of commercial users / producers (meaning they uses or produces the commodity as part of their manufacturing process) as well as those who trade the commodities for financial speculations.
Silver Stacking (or Gold Stacking) is the habit of accumulating tangible assets, not intangible ones like paper certificates, in the forms of coins or bullions such as bars, rounds or ingots.
Generally bullions such as bar has less premium price, hence it is better value for money since you can also purchase a large bar for cost savings. If you can afford it, you can purchase a large bar monthly. Coins are favoured usually because it can be smaller in weightage, and hence, easier to start stacking up. It is also preferred as when you wish to liquidate due to needs such as holidays or emergencies, you may not need to sell a large bullion but just a few coins. Also, coins can carry numismatic value which can be appreciated by collectors.
Why would you want to stack silver?
Firstly, silver stacking is an excellent hedge against inflation, just like gold. It increases in value as inflation reduce how much your dollar can buy. Secondly, both silver and gold possess an intrinsic store of value, which is the main reason why people wants to invest it it. It is this store of value that silver and gold is used as money in the past as well as demanded by national government reserves all over the world. Also, both gold and especially silver has huge and increasing demands from industrial manufacturers, from our cars to mobile phone to solar panels and generators.
One huge reason for silver stacking is as an investment to profit or hedge against financial crisis. The Great Recession from 2008 has led to huge amount of printing money by the USA government, the Euro bank, and even Japan and China government. There is fear of a global financial currency crisis and people’s currency will lose tremendous value. In a global dollar collapse, hyperinflation will rear its ugly head out. A flight to safety will take root and people with real gold and silver physical holdings will benefit. This is especially so as current paper gold and silver trading is a few hundred times OVER the physical assets silver available. In a big crisis, these paper values may not hold water.
Silver stackers invest weekly or monthly in some form of silvers, knowing that they will profit and sleep well in troubled times. Silver and gold has dropped and stay flat, this is a great opportunity to invest and stack up. Stackers know that the fundamental demand for silver and gold is real, because we using so much iPad, solar panels, smartphones and etc, and yet the mines’ production has been lagging.
Silver Stacking means you buy what you can afford to keep for a raining day. If you just cut down on some luxury spending or gourmet coffee and buy 10oz a month instead, you will have 600oz saved up in 5 years. If silver price move from $17 to just a mere $25, you see an almost 50% increase in your portfolio.