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Finding a precious metals broker

I recently finished reading a book on investing in gold and silver. It mentioned a few things to look out (i.e. be suspicious of) in a potential broker, but I'm still not sure where to start looking for one or how to investigate them. Does anyone with a lot of experience have suggestions? I'm looking to buy fairly small amounts of real (physical) high-purity bullion at regular intervals.

Thanks,
Matt



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winner

Thanks again everyone for your feedback. I think I'll go with APMEX since they have an "A+" BBB rating and seem to offer a good variety at prices as low as anyone else's.

Matt

Rounds at $2/oz. over

Rounds at $2/oz. over spot
(Convert cash to silver rounds at $2.00 over spot of $12.87)
Silver Stock Report
by Jason Hommel, March 18th, 2009

Convert cash to silver rounds at $2.00 over spot of $12.87.

We are lowering our prices for our silver at auction, down to $2/oz. over spot.

Our ship has come in! And we can now pass the savings on to you!

Our suppliers have now pre-shipped 1000 oz. bars of silver to our location, 150,000 ounces!

This means we can now ship up to 30-40,000 ounces of silver per day, if only we had enough employees to handle the packaging of that much.

Our shipping department can easily handle 10,000 to 20,000 ounces per day.

We now have, for immediate delivery, 50,000 oz. of rounds!

You can bid at auction, at seekbullion.com, lots of 100 ounces and 500 ounces.

All "reserve" prices are now only $2/oz over spot, which, tonight, was set at $12.87.

In addition to that:

If you would like 1000 ounces or more, you can "buy it now" from the following list:

2000 Obamas WORST SELLER!
2000 Pirate 2's Skull/Palm
1000 Pirate 4's Ship/Compass --Hot seller!
8000 29BF
1000 Bulls
1000 New World Orders --Hot seller!
2000 CFTC's
3000 Do you Love God Best Seller!
2000 Snake

To "buy it now", send me an email telling me how many you want, to J@SILVERSTOCKREPORT.COM OR BIBLEPROPHESY@YAHOO.COM I'll email you back the the latest spot price, +$2/oz. plus wire instructions. If that's good, wire me the money in 24 hours, and we'll send you your silver the same day we get the wire.

I was going to send out an email tonight saying "buy the dip", based on today's huge price move down about 90 cents per ounce. But the price then moved back up! So, its too late for that "news flash".

Besides, the real "news flash" is that PRICES ARE NOT SUPPOSED TO MOVE THAT MUCH IN A DAY!

The volatility we see is a function of the paper money madness that has swept the world. It's also a function of the relative small size of the silver market, or in other words, too low prices for silver, and this move is a sign of the failures of the ongoing price manipulations. Any one of 1000 different billionaires could move the tiny silver market up by 100% in a single day, if only if it were even possible for them to find a billion dollars worth, or a half a billion dollar's worth, of silver to buy!

Prices for silver will be more stable at higher prices, when more people own silver.

A lot of people wonder if 1 oz. rounds will "work" if paper money fails; since they could be worth a week's wage. Similarly, people worry that a 100 oz. bar of silver will be "untradable" when silver is worth so much. Don't fear. There are always richer people than me and you in this world. The refiners make hundreds of the 1000 oz bars every day. Penoles refinery makes about 70 million oz. per year. Divided by 250 days/year, that's 280,000 oz. per day. PER DAY! Don't forget about the importance of relative size. Not everyone works from day to day, with no savings, for a living. And 280,000 oz. x $13/oz. = $3.6 million. Thus, the billionares have it much harder than you do, when it comes to protecting one's wealth with silver, in an age of monetary fraud like today. What's a billionaire to do? Sometimes, it's harder to keep it, than to make it.

Sincerely,

Jason Hommel

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson,
1828

“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams

Some reliable sources

But always call first and verify that they have what you want IN STOCK.

BlueMoonCoins
http://cgi.ebay.com/100-2009-50-AMERICAN-GOLD-EAGLES-NGC-MS7...

Jason Hommel
http://silverstockreport.com/ssrarchive.htm
www.seekbullion.com
~~~~~~~~~~~~~
World's Greatest Business
http://www.gbemembers.com/webintro.php?view=wmv

"The Number one reason people lose money is the FEAR of losing money." Sir John Templeton

Find a coin shop

and buy locally, in person, with cash.

--------------------------------
"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------

good advivce

there's one a few minutes from me

going to go this weekend and grab some silver. gold is a bit pricey and silver needs to "catch up"

.....................................................
Atlas is shrugging....

.....................................................
Atlas is shrugging

Check out allamericangold.com

they even have an entertaining and informative radio broadcast.
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At first splash of Eden we race down to the sea,
standing there on Freedom's Shore....

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

Buying Gold!

I have had very good service buying and selling Gold through the mail with this company in no sales tax Oregon, for over 10 years:

http://www.ajpm.com/htbin/gold.cgi

beesting

SteveMT's picture

Go to: www.apmex.com

That a look around, and buy what you need.

thanks

Thanks, all, for the replies. Can anyone give me a brief run-down on what they did to investigate their dealer before starting to use them?

Thanks,
Matt

locally and online -

locally, we have a patriot who does mainly silver. best to have word of mouth on someone. what city are you located in? possibly someone on this forum may be from your area.

online, apmex worked great for me. learned about them here, did more research on them in other forums, read ampex's Faq's. I am happy with the service.