Silver Bullion Bars

Technorati Tags: silver bullion bars

This is per ounce and includes shipping and handling.

You’re paying too much; check out apmex.com

http://www.apmex.com/Category/503/Silver.aspx

www.kitco.com

Some of the premiums I have seen online are 50% - 100% above the spot prices, where would I buy bullion coins and bars for cheaper.

http://www.taxfreegold.co.uk/goldbarsindx.html

I know ideally investing in a silver ETF would be the way to go, but the problem with that is I am the sole provider for 2 people with another baby on the way & 2 darn cats… I only have between $45-150 each month to risk spending. Since the couple of EFT options I checked into involved start up costs as high as $1,500 I decided to use the expendable income by purchasing as much physical silver as possible (and someday will do the same with gold). Is this a sound "budget-friendly" investment idea? I have only started doing this last month & already have 16 single ounce bullion bars & plan on adding anywhere from 2-5 more each month for the next few years. Tell me what you think, or if you know of a way to take EXACTLY what I’d be spending each month & turn that into a silver ETF investment I’d love to hear how to do that without needing the huge start up costs.

You can open an account with TD Ameritrade ($1000 minimum) or Scottrade ($500 minimum) or other online brokers. You’ll pay $8-10 each time you make a purchase, so you might want to make a couple of contributions before purchasing.

ETF SLV, I believe, tracks the price of Silver. You may find that the cost of the bullion you’re buying (and what you could get for it if you had to sell it) might be more than the dividend for the ETF.

Best wishes - I do agree that Silver will be a good investment long-term. I have believed this since silver was $4 per ounce

Thanks for answering

I wouldn’t use anything plated, unless you know what is underneath it as well. Over time (and sometimes, not very long), the coating will wear off, and unless you know you won’t have a reaction to the underlying metals, it would be best to stay away. bodycandy.com has a great selection of solid surgical steel belly rings at great prices. I wouldn’t risk it.

I recently decided to start purchasing one or more .999 one troy ounce silver bullion bars per month as an investment toward the future that would not take a big chunk out of my wallet. This month I purchased 3 of them to "start the collection." I was wondering how financially sound it would be to continue the pattern through the next 10 or so years ( providing the price doesn’t skyrocket to near the cost of gold). I figure if all goes as planned, that by the 10 year mark I will have between 200-250 troy ounce bars of silver bullion. I watch the spot price on silver. I know that it is down at the moment, but figure (like the others in the precious metals list) that it will only go up as time goes on. I’m planning on keeping the obtained pieces through the next few decades (unless I could make a significant financial gain by selling it off at some point). It may be small bits of silver bullion here & there compared to some purchases, but I figure it’s both easy on the wallet & economically safe (just in the off chance that the economy takes another dive into what would be the second Great Depression). So what do you think… Good/bad idea? Any tips/wisdom you have to offer are welcome.

Silly idea. You have to store them, yo uwill pay fees to buy and sell, and they don’t pay any dividends.

Buy STOCKS and MUTUAL FUNDS, not hard assets.

If you want to pay high fees, storage or shipping costs… buy bullion.

If you want to be smart (like most professional investors) buy the ETF’s GLD & SLV.

I have been coin collecting for the past few months and the silver coins really stand out to me. So much that I want to invest in bullion or ingots. I bought a few Silver Eagles and small gram bars on ebay. Thats becomes expensive quick with shipping and mark up, silver would have to double to make it worth while. I was wondering if there was a place to buy 1 ounce bars from a shop or from mints without paying double the value.

Hi,
I would keep it simple & purchase silver because of its content & not commemorative specialties. While you may see a higher return with silver eagles the downside is if silver drops you will loose a larger % on those. Regular silver coins from 1964 & earlier will retain a better value in the content of silver even if it goes down.
Silver was at $18.49 per ounce today, the calcuator below is a great tool.

Does anyone know a good site for information about Engelhard silver bars? Their site doesn’t seem to work.

Here is one for silver investors.

http://www.ehow.com/how_5633614_invest-silver-coins.html

It seems to cycle up and down.

That cycle is precisely why there is no way to answer this question with any certainty. I think November would be best personally.