With the New Year upon us, you may be pledging to get in shape, save money, or learn a new hobby. But have you made any stacking resolutions?
As we enter 2019, we find that spot prices are still hovering near historic lows while fundamentals in the precious metals markets are strengthening. So there’s no better time than now to evaluate your bullion collection and make some clear goals for how to capitalize on what could be some shining years ahead for metals. In that spirit, here are a few ways you can brighten your bullion collection in 2019.
Accumulate or complete a series
Maybe you’re looking for that final piece in the Queen’s Beast series to top off your collection. Or you’re excited to start something new, like our World of Dragons series. Or maybe you’ve accumulated every year of the Gold Lunar series, but never got around to picking up the 2019 release a couple of months ago. Or, like many disheartened gold and silver bugs in recent years, maybe you haven’t added to your stack at all lately because you’re waiting for a sign that precious metals markets are on the move up.
Whatever the case, now is the time to capitalize on low (but rising!) spot prices and attractive premiums to fill in any gaps in your collection!
Balance your bullion
Amassing bullion can be so fun that it’s easy to suddenly find yourself with too much of one type. But a mix of metals in a precious metals portfolio is the best way to take advantage of the unique supply and demand drivers behind each one of them.
So take advantage of the New Year’s fresh start to find ways to balance your bullion portfolio. Is your stack too silver-heavy? Then you’ll want to make a mental note to watch for specials on gold throughout the year. Have you always wanted to get in on platinum but were scared away by the price? At record low values, now is a perfect time to be on the lookout for great platinum deals.
Or maybe you find yourself with too much of one form. When you take a look at your collection, do you just see a stack of 1 oz coins? Then you might want to pick up some silver or gold bars in different weights to make your bullion portfolio more flexible and tradeable in the future.
And don’t forget: when it comes to different forms, you aren’t just limited to physical bullion that you hold in your hand. With spot prices on the move in 2019, you’ll want to earmark a portion of your precious metals portfolio to DGGold so that you can buy and sell quickly when the time is right.
Organize and store your bullion
Your responsibilities as a bullion investor aren’t over when the metals arrive at your door. Protecting your pieces from damage and the environment is just as important as ensuring you have a well-diversified portfolio. But it’s easy to fall behind on ensuring that your precious metals stay in top condition for generations to come.
Pure gold and silver are soft and easily scratched, dented, or nicked. So take time to make sure that each of your individual coins, bars, or rounds are kept in their original plastic flip. Or better yet, consider purchasing a PVS-free, Air-Tite capsule for every individual coin or bar you purchase this year.
Check to see if you’ve purchased enough individual coins or bars to start stacking them in protective tubes. And if you’re a serious collector, you can store several tubes at a time in secure monster boxes. Don’t forget to throw in a couple packets of silica gel to keep humidity levels low, and always handle your metals with soft gloves to prevent damage from your skin oils.
Sell what you don’t need
With a fresh year upon us, now is the perfect time to take a look at your collection with an unbiased eye to make room for what you really need. No matter how much you may be attached a piece, if it’s not contributing to the value of your stack, then maybe it’s time to let it go.
Consider selling back some of your bullion so that you can free up funds (and space) to potentially complete a collection or accumulate pieces that will not only bring you joy, but boost your bottom line, too.
Which leads us to…. Our January giveaway! We would love to hear about your 2019 stacking goals. Do you have specific objectives in mind for your bullion collection this year? Your comment below will serve as your entry in our January giveaway. Submit your comment (one comment only please) by January 31st, and one winner will be randomly selected on February 1st to receive a 2019 1/10 oz American Gold Eagle to help them get started on their stacking resolutions! Good luck!
I AM BUYING, BUYING, BUYING, & STACKING, STACKING, STACKING, I AM NOT SELLING, SELLING, SELLING.
ADDING TO MY “PRECIOUS METALS” STACK FOR THE YEAR 2019 AND BEYOND IS MY GOAL !!!!!!!!!!!!!!!!!
I would like to add some silver bars to my stack because all I have now are rounds and to add more 90% silver coins and hopefully get at least a little bit of gold.
I’m not really a collector, but I do like to collect value that I can put in my hand. Hopefully I,lol need to exercise so I can hold more.
I would like to get some platinum this year.
Stacking weight but always looking for a good deal! I don’t mind finding some unique or interesting pieces as it adds some fun in the journey of long term stacking!
I need to better balance my portfolio between gold and silver. I also need to better organize my stacks.
my goal is to have some fat stacks, yo
This year my stacking goal is 1oz gold, 1oz platinum and 600oz silver. Love that silver!
I collect the pieces that I find the most beautiful or creative. I have the entire zombucks set and several of the painted nordic Gods along with many more!
I have bought silver in the past, but would like to buy more this year.
To get free gold!
My plan for 2019 is to add 150 ounces of silver. Thanks for the change to add some gold also!
My goal is to stack as much silver that I can and to start stacking gold. One i graduate college this April i am hoping to start to stack atleast 10% of my income in silver or gold.
I HOPE to be able to add varied kinds of silver to my portfolio. A little “junk silver”, 1 oz. Rounds, 1 oz. ASEs and foreign Gov’t 1 oz. silver coins.
I’m a little gold stacker. Very little. I hunt and look for the 1/10 oz., 1/4 oz. and 1/2 oz coins and only IF the premiums are reasonable. Mostly it’s “look”.
More experienced “stackers” have told me to look at the old European and Mexican gold pieces. The strange odd gram amounts confuses me though.
I think the good old American would be preferable. Also, I understand the smaller gold would be easier to cash in for any emergencies that arise.
I have very little gold and it would be nice to win a 1/10 American Gold Eagle.
I’m looking to start collecting gold now along with my silver
My goal is to convert as much fiat currency into gold & silver that my budget will allow.
I’m still working on my silver foundation and I’d like to add (10) 10 oz bars this year. Engelhards would be cool but I’m not sure how picky I’ll be.
I believe silver is a good value when under 20 spot. I’ll keep stacking as much generic and eagles as my budget will allow.
I’d like to convert some of my silver stack into platinum this year.
My goal is to keep stacking silver.
My specific goal is to collect a few more varieties of Morgans and other historic silver. I also want to keep stacking silver in general, so generics, but mostly need to add more gold to the stack. Its all about diversity!
I’ld love to add a Kilo or 2
I really enjoy doing business with Provident Metals as well as collecting for my sons future. Thanks for everything.
I want to complete a collection for my husband, the dragons. He has many series from you but this will be the first one from me.
Timely article. Am having the same thoughts as to balancing the volume of different metals proportionately to my savings goals. Currently top heavy in one and light on another.
Do you guys have a trade option vs having to go through selling & buying? That would be very helpful.
Am also noodling a monthly acquisition strategy, so yes, your monthly specials will be something to look out for. Perhaps you guys could create some kind of subscription service so the purchase is automatic & paid by ACH to our bank accounts? Just a thought.
Aloha!
I would like to continue adding 1oz of silver a week and 1 oz of gold a year.
My household goal is 10- 20 percent gross assets in metals.
1 oz gold eagles are my favorite for the core of my stack but it takes a long time to save up to afford these. I am collecting the Queens Beast 1/4 ounce gold coins and the 2 oz Queens Beast silver coins for something to keep things interesting. Looking forward to the remaining coins in this series coming out later this year. Adding to foreign fractional gold coins. Krugerrand, Sovereign, Swiss, and French fractional coins. I like to dollar cost average in fractional gold coins over time and these all work well to that end. Planning to pickup some platinum sovereign mint coins coming out in 2019. I like the US, Canadian, British, and Australian platinum 1oz coins to diversify a bit from gold and silver bullion coins. Just one of each of these each year provides some nice balance to the stack for me.
Goal: add 3 to 5 oz of gold to my stack this year. One is on the way.
My goal is to continue to average down my average cost per ounce while silver prices are still low.