HI Friends,
I wanted to share items in my precious metals stack and why I am a holder. Today’s edition is: American Silver Eagles!
The American Silver Eagle is the “silver standard” here in the US. It is legal tender in the US, though the metal value is much higher than the currency value of course.
The one ounce coin is standard, but I also like to grab 1/10th ounce pieces when the price is right. One reason I stack precious metals is in the case of a crash of the US dollar and/or an attack on the US monetary system, which largely consists of “electronic money” - if that goes down or you have prolonged outages, things like gold and silver will be tradable for goods, which is also a reason to stack some fractional silver when the price is right.
You can never have too many ASEs, but the premium can get a bit steep at times, so I will usually stack generics if the price is more than $3 over spot (which is certainly the case right now!).
Thanks for coming by,
Brian
American Silver Eagles are one of my favorites coins. I only have a gold tenth ounce at the moment. I like to buy some ASE !
Yup, you can never have enough of these beauties!
Hello, @brian.rrrr !
I have been collecting for some time and for some reason I have never ever purchased any. I am going to be subscribing to the mints program I think, unless you have a different recommentation?
Good idea, I think we should stack some precious metal in case of war, pandemic or any global crisis.
American Silver Eagle is a nice and beautiful addition to your collection.
The price was right for the 1/10s ??
Yeah, I stopped buying ASE’s once the premium went over $2.
Wao all these coins looks so beautiful and amazing. I am big fan of gold and silver. As we all know that everything is starting to go up in price now, we will see the silver price going up in the next few days.
American Silver Eagle coin is one of the most popular coin I think and and stacking coins will always give a benefit never a loss.
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
In Canada they are going for around $54 CAD per ASE, ouch!
Exchange rate CAD/USD is 1:0.73