Hello fellow stackers and steemians alike, welcome to 2019!!
So with 2019 already stared its time I got out my #stackingoals for 2019 and what I want to achieve. Following on from a very successful 2018, where I smashed my original stacking goals, I may set the bar a little higher this year.
My 2018 goals can be found here:
https://steemit.com/steemsilvergold/@welshstacker/what-are-my-stackingoals-for-2018
(actual photo from inside my vault)
So what do I want from 2019?
250oz of silver,
1oz of gold.
An achievable goal on a semi-tight budget. Now you're probably thinking that's a lot of silver!! Well for a new starter it would seem that way. The fact is, if you budget a little everyday then the ounces will soon add up.
Here in the UK, you can pick up second hand coins for about £15/£18 ($21.50US)per oz on ebay. You can greatly reduce this cost by buying in larger quantities from a trusted source such as @backyardbullion, in one of his monthly "group buys". By buying in bulk it can reduced cost per oz down to around the £13.50 ($16.50US).
An Oz of gold can vary from $1000 to $1200
So im looking to spend around £4500 this year on precious metals.
I used to buy my silver 1oz at a time, but found out very quickly that saving and buying in bulk meant I could maximise my purchasing power and reduce costs.
Im hoping to get my first 30oz ordered in the next few days in BYBs first group buy of the year.
I'll try and keep running total and regular updates this year.
SO COME ON #SSG, TELL ME YOUR STACKING GOALS
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My stacking goals remain the same the previous years, with n added category on my list: Mene gold and platinum! My real challenge is discipline NOT buying too much of the high premium poured silver. So I have included limits on what I will pay in premium for poured silver. It is my poured silver that drives my average cost high.
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I got two plans, one is if I have to put it on credit card then I can't afford it. I wait until I Saved a predetermined amount from my cash only work plus what I can save from my budget $100 to $200 a month assuming nothing needs fixing or replacing. A thin margin thanks to huge tax increases over the last three years. My alter ego, the Bloody Raven, may quash that plan at any time when she says, "Belay that order!"
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