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!
Gold! Gold! Gold! I like the glow of Gold!
My goal is to purchase my very first set of Silver Pandas from none other than Provident Metals itself
My goal is to get a pre 1933 St Gaudins to complete a set of pre 1933 UG Gold.
Hooray for winning free stuff.
Want to add more 1 oz Eagles
Continue to invest in silver in 2019
I have been collecting coins for sometime now,in my retirement going to start investing in bullion and old US minted gold coins.
My main goal is to get more weight to my stack and bring down my cost basis. More generic bars and rounds in my future. I am hoping silver prices stay low enough to accomplish this. Also, I want to add 2 more ounces of gold.
Get as much as I can.
I want bullion prices to sky rocket and leave all that paper money behind.
I like stable investment.
Just sitting on my stack watching the prices rise waiting to cash in.
i would like to save up to buy a pre`1933 $20 gold coin, that would be a dream come true!
My goal is to add to my Morgan collection. Specifically, a Hot 100 and a 1878 8TF preferably one graded. Also to buy silver at the best possible deal such as specials.
My FY19 goalies to start stacking gold.
My FY gaol is to start stacking gold
I have over 2000 oz of silver and only 2.75 oz of gold so my goal this year is to increase my gold stack
Continue stacking constitutional silver focusing on quarters, ASEs and the occasional 1/4 and 1/10 oz Gold Eagle and Maples.
2019 palladium eagle!
I plan on purchasing 1oz American Silver Eagles this year as often as my limited income allows me.
This year goal is to diversify the stack and buy mint sets as gifts on birthdays of birth year. And buy all denominations of gold (within reason) if the price goes below 1200/oz this year.
Happy stacking
My goals for 2019 to buy gold and silver once every month
Adding to my stash and to my knowledge.
Ancient days used the talent as a weight. If I could, my goal for stacking would be in talents.
Maybe first copper, then silver and the ultimate gold.
Like some of the other folks, I would just enjoy the gold eagle. Just bought the ’19 Koalas
Dump silver and buy more gold.
I want silver to stay at a low 1 more year, to buy more.
Buying rather than selling right now. Gold is my current favorite.
Would love to put together a type set of pre-33 gold.
Can’t wait to see silver spike and flip for gold!
I want a complet date set of 1/10 ounce gold eagles.