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I'm looking at buying some silver and looking for advise. What to buy, where to buy, how much at a time? I want to hold physical silver, not ETF's. Are there "better" coins or bars to buy? What price should i pay above spot? I'm not looking to collect coins, i just want the silver.
 

Cigarth Vader

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I buy all my bars from a local wholesaler and I try to stick to the better known mints. Look around for someone local and just verify that whatever you're going to buy is .999 pure and that it is ALL silver. There were some problems a few years ago with places selling counterfeit bars that were only silver on the surface and then had some other metal underneath
 
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The wife and I just started looking into this as well, curious to hear everyone's thoughts on it. She has been looking at online retailers and local shops and has been quite a big price difference from online and local. @Cigar Jedi Ben, were do you go?
 

Cigarth Vader

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It's a guy that I was introduced to that buys wholesale and will sometimes sell right at or below spot price to folks he knows. Let me check if he's interested in selling to some more people and I'll get back to you.
 
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It's a guy that I was introduced to that buys wholesale and will sometimes sell right at or below spot price to folks he knows. Let me check if he's interested in selling to some more people and I'll get back to you.
that would be amazing, i can't see spending the premiums they get online.
 
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http://golddealerreviews.com/

I buy physical gold and silver both.

My advise, FWIW, is do your research on the places you want to buy from, and decide what you are buying for... if just collecting, you have fewer worries. If you are investing for the purposes of capital appreciation, OR storing some up for cataclysmic times (storm, war, economic chaos, etc) make sure you are only buying coins or bars of the highest quality. Especially if you are doom prepped because in the worst of times nobody will care if it's a rare coin, just that it has precious metal in it

I buy from JM Bullion out of Dallas- I do not work for them and I am not a paid sponsor. I choose them because they are based out of Texas (Dallas) and they have weekly "sales" where the coins or bars are sold at discounts, like 75 to 99 cents over spot price. They also ship for free.

Due diligence is important because many places sell at a HUGE mark up, and I don't see a point in that ESPECIALLY if you are investing/prepping. One place I found that "was heavily endorsed" by a lot of shows I listen to sold the very same products as other dealers- Canadian maple leaf, American Eagles, South African Kuggerands, etc... at almost a FORTY PERCENT MARK UP. I won't mention the name, just be careful.
 
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http://golddealerreviews.com/

I buy physical gold and silver both.

My advise, FWIW, is do your research on the places you want to buy from, and decide what you are buying for... if just collecting, you have fewer worries. If you are investing for the purposes of capital appreciation, OR storing some up for cataclysmic times (storm, war, economic chaos, etc) make sure you are only buying coins or bars of the highest quality. Especially if you are doom prepped because in the worst of times nobody will care if it's a rare coin, just that it has precious metal in it

I buy from JM Bullion out of Dallas- I do not work for them and I am not a paid sponsor. I choose them because they are based out of Texas (Dallas) and they have weekly "sales" where the coins or bars are sold at discounts, like 75 to 99 cents over spot price. They also ship for free.

Due diligence is important because many places sell at a HUGE mark up, and I don't see a point in that ESPECIALLY if you are investing/prepping. One place I found that "was heavily endorsed" by a lot of shows I listen to sold the very same products as other dealers- Canadian maple leaf, American Eagles, South African Kuggerands, etc... at almost a FORTY PERCENT MARK UP. I won't mention the name, just be careful.
I have also purchased silver from JM Bullion. If you are buying in bulk the free shipping is a must.
 

dscl

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The topics here are fascinating sometimes. The thought of buying silver/gold has literally never crossed my mind. I'm an optimist though.
 
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The topics here are fascinating sometimes. The thought of buying silver/gold has literally never crossed my mind. I'm an optimist though.
Remember, there is always just the investment aspect of it. Right now physical gold is at a 5 year+ low... not to say it won't go lower, and if it does, BUY MORE. Silver is at a long term low too and it's more volatile so a spike in silver price can be rewarding.

It's not generally known, but the Fed is artificially forcing gold prices low buy buying HUGE volumes of naked shorts on the market... apparently to keep the dollar stable after printing $85 billion a month in its QE program. This cannot go on forever, and it's possible when they stop doing it and especially if the average investor finds out, the price will sky rocket (and so will inflation). In investing, you buy low and then turn around and sell when the price shoots up while average Joe six pack sees it and starts buying to "chase it up".

I liken it to a volleyball you force underwater. Buoyant forces push it back up and the deeper you push it, the more intense the upward force due to displaced water. At some point it will slip out of your grasp and the second it does... swoosh! Up it flies.
 

dscl

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Remember, there is always just the investment aspect of it. Right now physical gold is at a 5 year+ low... not to say it won't go lower, and if it does, BUY MORE. Silver is at a long term low too and it's more volatile so a spike in silver price can be rewarding.

It's not generally known, but the Fed is artificially forcing gold prices low buy buying HUGE volumes of naked shorts on the market... apparently to keep the dollar stable after printing $85 billion a month in its QE program. This cannot go on forever, and it's possible when they stop doing it and especially if the average investor finds out, the price will sky rocket (and so will inflation). In investing, you buy low and then turn around and sell when the price shoots up while average Joe six pack sees it and starts buying to "chase it up".

I liken it to a volleyball you force underwater. Buoyant forces push it back up and the deeper you push it, the more intense the upward force due to displaced water. At some point it will slip out of your grasp and the second it does... swoosh! Up it flies.
Too bad I'm broke LOL
 

NOGILLS2

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I have invested in silver coins, The one big thing of collecting, the more rare it is the higher the price. There are lots of coins that are purchased at bullion price, they are not rare. I have silver dollars that are valued at $39.00 and a few at +$100.00 because there were less minted. I would highly recommend that you study as much as you can on the subject. Also the more you know the better decisions you can make. I met a lady that bought gold coins from her brother in law, she was buying .10 ounce gold eagles for $150.00 each and when she decided to sell she thought everyone was trying to rob her, I showed her an advertisement selling the same coin for $29.00. Basically her BIL ripped her off in the sale. So know what you are buying! My.02!
 

Steve0

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Bumping an old thread,

Hopefully you have all done very well over the last 6-12 months with silver and gold bullion purchases. Returns on SIlver from the March 2020 low have been quite healthy.

I started buying on December 1 2019 and got in much deeper when the global markets cratered in March.

Silver eagles in my country sell for stupid money currently, like 55 AUD a coin. Very hefty premiums. I prefer kilo bars of silver as they are highly liquid and 1oz bullion gold coins for the same reason. We are lucky in Australia as we have the globally recnogised Perth Mint. I am also very partial to maples from the Canadian Mint. Liquidity and low spreads are what I look from LBMA members. PAMP is also nice but hard to get cheap.

Keep on stacking, it certainly does not hurt in these times of endless money printing for a family to be holding some of the shiny stuff to hedge against inflation and use as a store of value which is the key reason I started buying.
 
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