Archive for the ‘silver bullion’ Category
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
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.
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.
I mean will it be worth a higher premium if it has a serial number?
No. Silver is Silver, whatever design, shape, as long as the purity and weight is stamped on the bullion (bars/rounds/coins), will have the same melt value in the end. It’s just your choice whether you want to charge it higher than the melt value/spot price or what you called premium.
I have a huge collection of silver and gold bullion and would like to sell. Who pays the most, is safe, reputable and trustworthy.
Please only reply if you’ve used them or know someone directly who has.
I would talk to your local coin dealers as most buy and sell precious metals as well as collector coins. They will pay at a discount off of the current spot price and you won’t have any shipping costs because you are hand delivering the product.
Try the yellow pages to find them in your area. You could also try the ANA website (money.org) to search for dealers in your area.
I am planning on moving out of the country and going to india. I have some gold and silver bullion that I would like to take with me but I don’t know the laws.
The interesting thing is that gold and silver prices are pretty much the same around the world, allowing for currency valuations.
I would recommend selling the gold and silver here, take the money (much more transportable) and buy gold and silver when you get there. No nasty customs inspections. No troublesome export laws.
Grandpa
I am 18 and I’m looking towards the future. For $19.16, I can buy an ounce of silver. Would it be smart to invest in this and how long do you think it would take if I did invest in it?
I’d make a small amount, I know, but you’ve got to spend money to make money, right?
Thanks, Len. You told me what I needed to know, even though I had no clue what I wanted to know.
How long would what take? You don’t indicate what you want to know.
The time to buy silver or gold is yesterday. I’d suggest waiting for the rally to break as I’m sure it will. Don’t listen to the hype, it comes from manipulators nearly always. I’m an investor/trader for my living. At the moment I’m sitting on $33,000 in stock market gains that I want to put largely into precious metals. My instincts have me sitting on the sidelines for the moment because I know the prices will correct soon enough.
Nothing ever moves in a straight line in this world. If you look at a five or ten year chart on silver, you’ll see proof of what I’m saying. The trick is to be patient and get the most bang for your buck. Don’t hand the gains to a dealer! And when you do take the plunge—spend no more than half your wad initially. Then wait and watch and learn how silver moves. On down turns, move in and add to your position. By moving this carefully, you minimize opportunities to move foolishly.
Good luck!
I have been hearing about gold and silver bullion as a great thing to get into. I was wondering where can you find an affordable deal on buying these precious metals?
It really depends on what are the ounces that you are looking into buying. Here is a site that talks about gold and silver bullion coins that you can check out:
http://goldsilverbullion.blogspot.com/
I think personally that investing in these metals could be a smart decision over paper money. I recommend also checking at your local antique store or coin shop for rare coins that have silver in them. I know the silver mix before1964 is about 90/10 and after 1964 it is about 70/30 of a mix. A one ounce gold coin is worth about $1100.00+ and rising so that could be a great investment down the road if gold continues to soar.
I’m new to this, but I’ve been amazed at the premiums, 3-10% over spot price. I would expect coinage would cost a fixed amount, not related to the bullion price.
I use Golden Eagle Coins, out of Laurel, Md. They have a website you’ll have to guess though, it’s too early in the flipping morning for me to remember it.
The best way to own a precious metal is through a diversified metals fund, like the Franklin Gold & Precious Metals Fund or the Evergreen Precious Metals Fund. Another way is through a diversifed commodity fund, like the DWS Scudder Commodity Security Fund.
If you NEED a pure silver play, and I can’t imgaine why you would, go with PAAS, Pan American Silver, as the one stock that really stands out for me when you take into account valuation, supply, and geogrpahy.
As for buying the bullion itself, good luck, yo uwill never find a dealer that will give you it’s true worth when it’s time to sell, and anyway, why would near 30-year highs be a buying signal to you anyway?
Better to buy a diversifed series of properly asset allocated high-quality, low expense mutual funds. That’s how you should be investing, not jumping on some hot fad like metals.
Hope this helps!
–J.