Buying Silver can anyone point me in the right direction
Posted March 14th, 2008 by Cyric30
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Hello One and All
Im pondering buying a little bit of silver along with every pay check maybe an ounce or 2 at a time nothing big, but a little bit can go along way. ive read Silver has not surged ahead like gold Yet and is still resonable with the capacity to still gain in value.
Could someone point me to a good place to get honest information on silver and the buying of it.
Im very new to the idea so please be gentle :p
Cyric
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Coin Shops!
Coin Shops!
You want Bullion and/or Junk Silver. No fancy stuff in cases or anything. Just loose coinage.
I try to purchase between 2 - 4 rounds each paycheck usually with an additional $1.00 face value of junk. After just a few short months I have a nice little collection.
You don't always get good deals from ebay and most places online either have minimum purchases OR they charge shipping. Either way it turns more expensive.
Go to Google and look up coin shops in your area. Just start visiting until you find shops that you like. Google lists over 900 shops for Denver so I doubt you'll have much issues in your part of the Country.
And read some stuff from here:
http://www.ronpaulforums....
if your going to be buying
if your going to be buying like that I would go to a loacal pawn shop or your local coin store. pay cash take delivery.. buy 90% pre 1964 US silver dimes! thats what ya want! read up on silver...
investmentrarities.com read the 61 page silver book free download
cash only - local
Don't be naive. If you buy online and create an account and a paper shipping trail, gooferment has access to these lists whenever they want...
true
i agree 100%. however the sites i mentioned can be used to seek information and opinions also as a benchmark for prices you see at the local coin or jewelry shop.
Online or local
Online you can buy pretty much anything you want, bulliondirect.com or many of the other online outlets. Also check local coin dealers. Some of them will have a box full of old pre-1964 silver coins, count out the face value of 90% dimes, quarters and halfs and pay "over face". A guy yesterday had $70 worth of pre-1964s and quoted me "14 over face", meaning I would pay $70 x 14. Not bad considering you'll wind up paying about 15 or 16 over face today online. No shipping and take delivery immediately. Most of these guys don't stock bullion, however, too much risk and little reward on the spread. They just order it probably the same way you can online.
I'm only buying silver since the government can decide at anytime to take any gold I could have and just give me about $40 per ounce for it. Hopefully silver stays under the radar for a while.
silver
try: timothy silvers at silverseek.com., jason hommel silver report, check apmex for a fair bench mark. also try monex.