ewemule
Forum Supporter
Where do you buy your silver and in what style ? Ounces, coins, other ? Possibly some gold. Same place ?
Thanks,
Marty
Thanks,
Marty
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I won't be able to afford anything for awhile, but like to be up to speed or one step ahead. One thing I read on "cointalk" forum is usability. Like how well it can be traded, handled, redeemed, etc.. Coins seem to be a good idea, versus ounce bars of gold or the like. Nasty weather here for the next week. Although this rain should make short work of the last bits of deep frost.
Marty
search scrap silver on eBay...ummm nm...its all mine! lol...sometimes you can get scrap off eBay for a load less than the scrap value...then melt it down or just save it up. Sometimes I search it and think jeez, I could make a living buying scrap off eBay so cheap and scrapping it....but i havent had the nuggets to try it yet
edit: I just did a search...found 48 grams of .925 with 16 hours left for like 18 bucks...If my mind is working correctly this early thats a great deal. 925 is about 11-12 bucks a gram....but i may be off I havent scrapped any in awhile
I would buy modern bullion coins from the mint (when available), if your only goal is physical gold/silver investment. Just a thought. I'm not sure what the markup, if any, is on them tho.
I've bought from JM Bullion and Apmex. They sell both gold and silver. Coins are the best medium for precious metals, as apposed to bars. Bars are more likely to be faked, so that coins are more liquid and easier to dispose of.
I also have a relationship with a local bullion dealer, which is great because I know I always have an outlet that will buy my products at spot or slightly below (depending upon what product it is). Make sure you know where to sell your stuff without taking a big discount below spot.
DittoSilver and gold are not investments, they are insurance against a failing fiat currency. Terrible track record as an 'investment' over the last five years. You'd be better off playing the stock market, I had a gain of almost 30% last year. With what little PM's I hold, I'm under water.
More secure...from what?I always pay cash so I don't use money that I don't have and so it's more secure.