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#1
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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?
Suisse Gold Corporation - American Silver Eagles, Canadian Gold Maple Leafs, American Gold Eagles, Canadian Silver Maple Leafs, American Gold Buffalos
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1987 Mercedes 300SDL; SOLD 1985 Mercedes 300D; SOLD 2006 Honda Pilot - wife's ride; 122K; 1995 Toyota Land Cruiser - 3X locked; 182K |
#2
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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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#3
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Ok - right... still - how WOULD you do it (safely and securely)?
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1987 Mercedes 300SDL; SOLD 1985 Mercedes 300D; SOLD 2006 Honda Pilot - wife's ride; 122K; 1995 Toyota Land Cruiser - 3X locked; 182K |
#4
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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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#5
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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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1987 Mercedes 300SDL; SOLD 1985 Mercedes 300D; SOLD 2006 Honda Pilot - wife's ride; 122K; 1995 Toyota Land Cruiser - 3X locked; 182K |
#6
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Silver? remember The Hunt Brothers?
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get. Clk's Ebay Stuff BUY SOMETHING NOW!!! |
#7
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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. |
#8
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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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Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed. W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html 1 X 2006 CDI 1 x 87 300SDL 1 x 87 300D 1 x 87 300TDT wagon 1 x 83 300D 1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry. |
#9
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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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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#10
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Take a look at collectible coins. I like auctions, check the marshals service.
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#11
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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
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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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#13
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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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1985 500SL Euro w/ AMG bits 130k 1984 300SD Turbodiesel 192k 1980 240D Stick China 188k 2001 CLK55 AMG 101k 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! |
#14
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(click to enlarge)
buy local, pay cash, no paper trail. Just my opinion... ...no particular reason, it works for me.
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82 300D Turbo 124,000 mi. |
#15
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Quote:
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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