Friday, October 25, 2013

Adding to the Silver Stack: Silvertowne Purchase

One of the effects of the Canadian penny being terminated this past February is that it allowed us to move some of our money away from coin roll hunting pennies and towards adding to our silver stack. In a previous post I mentioned that in order to be successful, we needed to commit to a goal instead of making inconsistent silver purchases while waiting for unpredictable dips. As I discussed in that post, our goal is to purchase at least 1 ounce of silver every month.

In the commitment to this goal, our September silver purchase consisted of a 1 ounce bar from Silvertowne. This is the first time that I have made a purchase form Silvertowne, although I have been aware of them for a few years now. In fact, my brother and I almost made our first silver purchase from them back in May 2011. Silvertowne is a site that is very beneficial to our current goals. They offer free shipping on items that we are most interested in, such as generic silver bars and Canadian Maple Leafs. Free shipping is essential since our purchases are so small. If it wasn't for the free shipping, most of our money would be eaten up by the shipping costs, which would significantly decrease our potential silver stack. Although this particular purchase took a little over 3 weeks to get here, it is more than worth it in order to obtain our silver this efficiently.

Check out the video above in order to see this month's silver purchase. Also, let us know in the comment section if you have ever ordered from Silvertowne and how your silver stacking goals are proceeding.


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