What kind of Gold/Silver Stacker do you want to BE?
steemsilvergold·@buggedout·
0.000 HBDWhat kind of Gold/Silver Stacker do you want to BE?
With any investment it is important to have a plan and go in with your eyes open. So if you’re interested in stacking some Precious Metals and are inexperienced then it can be useful to ask yourself some of the pertinent questions to make sure you’ve thought things through. To get you started here is some of the typical “5W” questions that you can ask yourself that will get you thinking about what sort of Stacker you want to be. <center> [Source](http://media.comicbook.com/2017/02/thecollector-guardiansofthegalaxy-229999-1280x0.png)</center> ____ <center>**1. WHY are you stacking?**</center> <center> [Source](https://news.goldcore.com/ie/wp-content/uploads/sites/19/2017/02/gold-as-safe-haven.png)</center> Seems like a good place to start. If you read my article about the [Price Drivers of Gold](https://steemit.com/steemsilvergold/@buggedout/3-traditional-gold-price-drivers-and-how-crypto-disrupts-them) you might already have a good idea where you fit. Maybe you just want a Safe Haven for your Crypto profits. Perhaps you just like shiny things and have always been a bit of a collector but want to collect something of value. It could be concern about possible war with North Korea, more escalation in the Middle East or even a bigger conflict with Russia, China and/or Iran. Maybe you don’t like President Trump and think he will cause the collapse of civilisation. You might be wanting an Inflation Hedge because you are concerned about Money Printing and the likely Inflation that might come from the ever increasing debt and spending? It could even be all of the above… ____ <center>**2. WHAT are you stacking?**</center> <center> [Source](https://i.ytimg.com/vi/GJCQryJ8cmY/maxresdefault.jpg)</center> There are so many choices for different Precious Metals to stack. If you’ve had a read of my article about the different [Categories]( https://steemit.com/steemsilvergold/@buggedout/stacking-physical-gold-and-silver-what-are-the-choices) of Precious Metals you might have some ideas already. I’ve listed this at #2 because it is ultimately a very important question, but it really should be the question you finally answer last once you have a good idea of *Why, Who, Where and When.* ____ <center>**3. WHO will you buy it from?**</center> <center> [Source](http://12683-presscdn-0-57.pagely.netdna-cdn.com/wp-content/uploads/2012/02/golddealer.jpg)</center> You will need to buy your Precious Metals somewhere so it is worth figuring out who you are going to buy them from and then have a look at what is on offer. You might live in a bustling metropolis where there is a Local Bullion/Coin Shop that you pass on the way home from work or you might need to travel some distance. You might prefer to order online from a reputable Bullion Dealer, where savings can be made but you need to think about postage options and expenses. Or you might be able to get what you want from a Secondary Market. I’m going to write an article this weekend about the Secondary Market I use (so stay tuned!) ____ <center>**4. Where will you store it?**</center> <center> [Source](https://www.custodianvaults.com.au/media/1822/custodian-vaults-storage-bullion.jpg)</center> Do you have access to a Bank Vault? Maybe a Safety Deposit Box, or even a Private Vault are secure options. If you want to keep your Precious Metals close at hand you might need a Personal Safe in your home. Or maybe you intend to Bury it in the backyard or put it on Display for your visitors to marvel at. Whatever the option there are some risks involved. Whether it be Counterparty Risk or Theft Risk, it is important to weigh the Risks up. ____ <center>**5. WHEN will you sell?**</center> <center> [Source](http://static6.businessinsider.com/image/562e510d9dd7cc16008c4a98-1190-625/one-of-the-biggest-warning-signs-of-the-financial-crisis-is-flashing-again--but-this-time-is-different.jpg)</center> Often this is the unanswered question for many Stackers. Some people just stack like methodical hoarders and never sell. Are you looking for the next Mania in Gold and Silver to sell at a good price? Perhaps you are waiting for that Hyperinflation or Default to hit and then some kind of Normalisation of the financial system. Maybe you’re saving for that Crisis or Collapse and intend to spend your Precious Metals as Currency. Or maybe you never intend to sell and you are buying Precious Metals to pass on as Inheritance and leave a nice legacy for your kids. ____ There are a few things to think about and these are just some of the reasons why people stack and maybe some of them sound ridiculous to you, but that’s part of the reason why you should think about it before buying. Are you a Stacker because you’ve thought it through and are of sound, rational mind? <center> [Source](http://thequotes.in/wp-content/uploads/2016/04/Poul-Valery-quotes-4.jpg)</center> I’ll finish off with a bit of humour which I lifted (with permission) from a Stacker who goes by the alias of **JisLizard** from the great Australian Stacker community at [www.silverstackers.com](https://www.silverstackers.com). I apologise for the low resolution, you might need to click on this image to expand it to read it properly, but it’s good for a laugh and it will also get you thinking about what to stack. <center></center> ____ <center> </center> <center>**Images and Credits** http://comicbook.com https://news.goldcore.com https://www.youtube.com http://www.silvermonthly.com https://www.custodianvaults.com.au https://www.businessinsider.com.au https://www.silverstackers.com</center>
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