Goldmoney.com vs Silversaver.com vs physical metalsSubmitted by McDiesel on Thu, 11/11/2010 - 13:37
I've been investing in physical gold and silver coins on and off over the past 2 years, but I recently became aware of other intriguing options that seem to streamline the buying, storing, and selling process (insurance too). Specifically, I'm referring to goldmoney.com and silversaver.com. Most of the threads I've seen on gold and silver recommend physical possession, but I was wondering if anyone has had experience with either of these alternatives. If so, what are your reasons for choosing that alternative to physical possession? Of the two, which one makes the most sense for a light investor who makes purchases ranging from a couple hundred to a couple thousand dollars at at time?
At this point I'm primarily interested in silver, and I'm investing for the long haul, but I want to maximize my investment and have a solid plan for selling my metals when the time is right. For those who own physical metals, what is your plan for selling? Which online dealers have the best selling premiums, or is it better to go to a local coin shop?
As you can tell, I haven't quite figured out my game plan and would appreciate any advice from those of you who are more experienced in this area. Thanks in advance!