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12/6/2019 7:27:02 PM
Posted: 12/19/2016 8:33:58 PM EST
No, I am not William DeVane. But I have thought about buying some silver and gold to put in the safe. I know little. I know what melt value is. I know purity. I've been collecting coins that are valuable, and have a few, but wanted to branch out. My real ignorance lies in where to buy. I bought a couple of grams of silver on eBay for $1.73/g. I know that's too much. So where do I buy? Can I expect to be able to buy at or below melt price? Should I save up and buy larger bars or it it a good idea to have mostly smaller stuff? I know little,is there something in the archives? I am tempted to buy some gold, but don't want to take the risk on the larger purchase. A $1.73 purchase isn't much risk
Link Posted: 12/19/2016 8:36:46 PM EST
Buy low sell high - good luck

JMBullion is the first that comes to mind. AMPEX is another reputable dealer.
Link Posted: 12/19/2016 8:39:24 PM EST
I don't know if you can get here without a membership.

Pike's Silver Thread

If not, is is well worth the price. Read through it and most of your questions will be answered.

Good luck and have fun. Buy what you like.
Link Posted: 12/19/2016 8:39:58 PM EST
[Last Edit: 12/19/2016 8:40:46 PM EST by Malachai]
Buy a team membership and check out the thread in Team.

That alone is worth the $24.

ETA: What that guy ^ said.
Link Posted: 12/19/2016 8:43:04 PM EST
My crystal ball says gold and silver will drop for the foreseeable future, and buying right now isn't the best idea.
Link Posted: 12/19/2016 8:44:21 PM EST
Get APMEX eBay emails. Their sales can come pretty close to spot, but you should probably buy 10 to 20 1oz bars or coins at a time to cut costs.
Link Posted: 12/19/2016 8:48:26 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Justa_TXguy:
My crystal ball says gold and silver will drop for the foreseeable future, and buying right now isn't the best idea.
View Quote


My crystal ball told me to buy some more when spot hit 17.00. You would think it hates me.
Link Posted: 12/19/2016 8:59:32 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BGENE:
Buy low sell high - good luck

JMBullion is the first that comes to mind. AMPEX is another reputable dealer.
View Quote


Have bought quite a bit from JMBullion b/c it seems to be consistently (slightly) cheaper lately than AMPEX (which is also very reputable). JMBullion has new deals every Monday.
Link Posted: 12/19/2016 9:04:38 PM EST
It is at least somewhat a function of why you are buying it; it sounds like you'd like to have a physical, tangible vehicle with which to trade should something "bad" happen. If that is the case, consider purchasing bags of 90% ("junk") silver (U.S.) coins. They have the advantage of never being worth less than face value and come in small ($0.10 and $0.25), easily exchanged denominations...especially if the SHTF and metals prices soar.

The other option would be silver and gold coins like the Maple Leaf.

It has been so long since I've traded metals in any form (other than ETFs which hold physical and stocks of miners/streamers) that I can't recommend a metals broker. I used to use Monex but that was decades ago.
Link Posted: 12/19/2016 9:06:42 PM EST
You don't want to buy in small quantities like that, you pay a way higher premium. You just paid the equivalent of $55 per ounce, when spot is more like $16/oz. You also want to avoid paying shipping and tax if it applies in your state. I wouldn't buy smaller than 1 oz silver rounds. Apmex and JM Bullion are good to buy from, and JM has free shipping.
Link Posted: 12/19/2016 9:08:37 PM EST
isnt the Fed going to increase rates further in 2017?

wont that drive gold prices further down?
Link Posted: 12/19/2016 9:11:07 PM EST
The dealer's markup on small retail purchases of precious metals will kill you.  Buy BIG or just buy firearms and ammo, or a low-fee stock index fund.
Link Posted: 12/19/2016 9:13:14 PM EST
The absolute best time to buy gold and silver was 1988 to 2002.




Can't help ya' today.




Sorry.





Link Posted: 12/19/2016 9:30:05 PM EST
Provident Metals is also a good place to buy at times but you need to check price at more than on dealer.
Link Posted: 12/19/2016 9:34:39 PM EST
Check the back inside page of The American Rifleman, they is always an ad for gold and silver coins there a few dollars over spot price.
Link Posted: 12/19/2016 10:59:08 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Justa_TXguy:
My crystal ball says gold and silver will drop for the foreseeable future, and buying right now isn't the best idea.
View Quote


Under Trump, the stock market and eventually bonds are going to do so well they are going to suck all the capital out of the markets.

"All aboard!!!"
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