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  #1  
Old 12-16-2011, 12:51 PM
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So if you were going to buy some silver now, how would you do it?!

Is there a reputable source that's easily accessible? I found this site by searching earlier posts - has anyone done business with them?

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Old 12-16-2011, 12:53 PM
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Silver doesn't pay dividends. Stocks and property are more likely to do so. You can't eat silver either. OK, you can, but it isn't nutritious
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Old 12-16-2011, 01:00 PM
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Quote:
Originally Posted by spdrun View Post
Silver doesn't pay dividends. Stocks and property are more likely to do so. You can't eat silver either. OK, you can, but it isn't nutritious
Ok - right... still - how WOULD you do it (safely and securely)?
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Old 12-16-2011, 01:05 PM
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Precious metals, considered hard assets, can/do appreciate in value, have a marketplace and can be easily converted to other assets, so I'm not sure what the negative comments are about.
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Old 12-16-2011, 01:18 PM
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Really hoping to avoid the debate on pros and cons and get down to how to properly do it (emphasis on safety and convenience). NOTE - not interested in any 'paper' as a means of securing silver without physical ownership. Only Bullion, and coins.
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Old 12-16-2011, 01:18 PM
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Silver? remember The Hunt Brothers?
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Old 12-16-2011, 06:16 PM
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I buy local, with cash. I think if it's more than 10 or 15 grand at a time, DHS is supposed to get a notice. If you were to use the yellowpages, you'd look for coin & stamp or something to that effect. I have however bought online from Apmex and kitco. However, I've found buying in person is about 15% cheaper(over spot), and many times less traceable and if you become familiar it's certainly even more rewarding. Shop around and try to find one that doesn't make you sign anything or leave a thumbprint. That's common practice in many areas but not the joint I use. Bars on the windows and buzz-cages are good signs in the metals industry. You want to avoid any salesman types or professional appraisers that take themselves too seriously.

My personal preference is to avoid the numismatic stuff and popular coinage. Too many variables and it loses a little of that 'alternative-to-currency' status, becomes more like a collectible. I have as many random bars as I do rounds. For trading, the important part is the metal content.

Junk silver can actually be pretty good if you can secure a decent find. Just make sure that you calculate it in actual amount of silver not overall weight or face value.
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Old 12-16-2011, 06:53 PM
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Are you buying it as an investment or you want to buy a solid silver bar as paper weight?

Buying silver coin is not a very good investment as there is a lot of overhead to mint it and distribute it. You need to buy silver bar.

If you are buying silver bar then buy silver ETF at the stock market. The symbol is SLV. The stock price is in sync with the silver price. The other investment you can buy is silver mining company's stock if you think silver is going to go up.
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Old 12-16-2011, 07:31 PM
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Right now I think they are down, just looking at the prices silver is down $10. Might be a good time to buy, might not be.

If I were buying, personally I would buy bars by the oz.
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Old 12-16-2011, 11:18 PM
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Take a look at collectible coins. I like auctions, check the marshals service.
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  #11  
Old 12-17-2011, 03:56 AM
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I checked out the site you posted, the 10 oz bars are a good price but after the shipping its cheaper to buy local. I have been searching for a couple of days and have not found any real deals to speak of.
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  #12  
Old 12-17-2011, 08:13 AM
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Silver

Cheers, over the years, I have bought bars,, I guess they are easy to unload if I have to,, no cost to keep in house and , old coins,, too, but never priced the value if rare,,silver content only, long term thing. and yes I am no expert,, just a collector,, but my wife calls it hoarding,, :}
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Old 12-17-2011, 12:41 PM
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1932-1964 quarters. Buy a roll and spend about $200. 90% silver. Easy to buy, Easy to sell. Look on ebay; sometimes you can sneak a bargain on a roll or large bulk.
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Old 12-17-2011, 06:57 PM
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So if you were going to buy some silver now, how would you do it?!-full_silver_eagle_1oz_head.jpg (click to enlarge)
buy local, pay cash, no paper trail. Just my opinion... ...no particular reason, it works for me.
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Old 12-17-2011, 06:58 PM
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Quote:
Originally Posted by TylerH860 View Post
1932-1964 quarters. Buy a roll and spend about $200. 90% silver. Easy to buy, Easy to sell. Look on ebay; sometimes you can sneak a bargain on a roll or large bulk.

That would fall under the category of junk silver, its cheap and lots of it around. My only concern would be how difficult would it be to unload.

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