How do you buy silver as an investment?
June 6, 2010 by admin
Filed under Silver Investment FAQ
I would like to buy some gold and silver as an investment, but I don’t know where to start. Where would I go to buy some coins at a fair price, and what do i buy? mint? uncirculated coins? When I sell them, can I just exchange it for cash? thanks
Here is a graph of the inflation-adjusted price of silver for the last 600 years;
http://www.sharelynx.com/chartsfixed/600yearsilver.gif
What sane person would consider a purchase of silver (in ANY form) an “investment”? Aren’t investments supposed to GROW in value?
First you should deal with someone that quotes the current price.
I’ve been dealing with Apmex.com for years without any problems. They have it all.
http://apmex.com/
also:
http://www.kitco.com/
I think the price is too high from here. Sadly, i had a short on slv in the high 18’s and my buy to cover was set for 18.02. i missed out on a lot of downside on my short. I’m assuming your looking for physical silver, as in ounce coins? i used to get one a year with my Dad when I was younger. Typically for 7-8$ each. Won’t buy at these levels.
look for a local coin shop that offers competitive prices compared to the spot value of the given market. look to pay a little above the going rate for an oz of each.
You could POSSIBLY sell them to a local coin shop for a discount to the given spot price. They are not that easy to just swap out for cash. the price and even what price someone want them for would hihgly fluctuate.
I would keep an eye on gld or slv for the stock market, I wouldn’t buy the paper security though, for the price of physical. Although, selling the gld or slv would be easier online than a sale of physical, in my opinion.