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!
My goal is to stack some Provident gold this year.
I’m selling back everything but 50 and 100gram gold bars. Go Big 2019 !
My goal, for my wife to ALLOW me to spend $$ on precious metals this year!
Attempting to move from silver to gold. the1/10 of gold would help
2019 goal for me is to hit 750 oz of silver and 5 oz of gold! Thanks for the sweet giveaway!
My goal is start accumulating gold and silver.
Had to sell off all I had to move and start over fresh. 2019 has to be better than last year.
I’m a new silver saver. Started late ‘18. My plan is to buy silver coins & rounds every month plus buy one gold coin of a small increment this year.
I’m new to stacking. I have accumulated quite a bit of junk silver. My goal for 2019 is to accumulate a lot more silver eagles. My goal is 60 oz by the end of the year. I also will buy my first piece of gold this year.
My goal is to try to purchase at least one Gold Buffalo coin per month. Depending on market conditions, that may change to one 20-coin tube of 1oz. Silver Buffalos.
I aim to gain more understanding and knowledge. Reevaluate and gear my investment strategy towards the best value add potential by making greater informed decisions. Perhaps spending more time reading will leave me with more money to spend. Never was a big reader but I’m kinda psyched.
Gold and silver are the only true money as per the U.S. Constitution and I have no qualms about exchanging my fiat currency for them. The fiat dollar is failing and will continue to do so as fake money has throughout history. Buy it now. High inflation is just around the corner.
I have been collecting for years and wish to continue doing so. Dealing with Provident makes it easy and fun.
At least 10% of my earnings to metal is a solid goal to shoot for this year.
I have been able to slowly stack silver over time and have finally purchased my first gold piece although it’s a 1/4oz. My goal is to catch up on the queen’s beasts series and collect the remainder coins I’m missing.
Ps thank you for this give away Provident Metals
My stacking goals for 2019 are 250OZ of Silver, and 5oz of Gold. I hope to do a lot of that here with Provident!
Buy at least 2oz of gold coins.
Fractional gold is easy to accumulate. “Small and tall” is my motto.
Continue with 1oz silver coins and hope to add more gold this year
I would like to start to diversify my silver stack by adding more gold and other precious metals.
Hope I can start this by winning a gold 1/10 oz American Gold Eagle!!!
I can’t wait to own a pure gold coin in my life and it something that cant lose out that gift.
My stack is mainly silver so I need to stack some gold preferably pre 1933 Gold.
No specific goals, just looking to add more Gold, Silver, and Platinum to my stacks!
40 Silver Eagles and 2 1oz Gold Eagles
Never, never, never buy graded bullion!
Probably one ATB, QB or two.
I pushed really hard and almost doubled my stack in 2018. Probably won’t be able to do that this year but steady adding to it is the key. I hope to add a couple more oz of gold in smaller denominations & 200 more oz of Silver Eagles. Thanks Provident, you’re doing a great job, keep up the great service!
I want to buy 2, 1 oz coins this year and 100 oz of silver coins
Stacking gold is difficult due to the common denominations and prices associated with such. A 1/10 oz eagle would be pretty cool!
Get as much as I can!