RicknSaudi Posted October 31, 2013 Report Share Posted October 31, 2013 Hi all, the wife and I are wanting to buy silver on a small scale. We'd like to throw $75-$100 a month at this metal. Can someone advise us how best to approach this. We don't have much disposable income, but still feel strongly about this. Should we get coins? Bars? Should we go through a bank (if that's even possible)? Online or local? I've been a member here for a long time, starting back when I was working in Saudi Arabia (where I purchased my dinar). There is much knowledge and experience contained herein, so I'm sure someone can help direct this small time investor on a viable course. Thanks, Rick 1 Link to comment Share on other sites More sharing options...
haymon Posted October 31, 2013 Report Share Posted October 31, 2013 I've done both Online and local. Local was a guy that dealt in coins and I bought old silver coins from him. Silver coins, coin value and silver in one. Also bought silver rounds from on line and pawn shops. As long as pricing stays close to spot price it's all good. 1 Link to comment Share on other sites More sharing options...
MACSPACS Posted October 31, 2013 Report Share Posted October 31, 2013 Good afternoon, I have been a coin collector for years and am always buying Silver Morgan dollars. But, I end with an emotional connection to them and do not know if i will sell them, or just pass them down to my kids.....My older son has recently (and I have followed) benn buying silver bars. A good place to buy is apmex.com....price can vary daily. I have been buying 10 oz bars for just pennies over spot...even got free shipping on some. They also sell on ebay. a very respectable name with excellent quality bars. You can buy 1 oz coins (many different kinds) but you will pay a premium for them and not sure if you will get that back when you want to sell. For no emotional attachment, i would buy 1 oz, 5 oz or 10 oz bars....you can buy for very close if not spot...and are very easy to sell when silver creeps back up...i thnk it was up to $42.00 last year???? I sold some and am now buying for about $22.00!!! 2 Link to comment Share on other sites More sharing options...
RicknSaudi Posted November 1, 2013 Author Report Share Posted November 1, 2013 Thank you haymon and MACSPACS. Isn't this forum great? You have have changed my life for the better with only a few keystrokes. I like the Morgans, but think the bars or rounds are "cooler". JMO. I'll be placing my first order today! Regards and GO RVVVVVV! Link to comment Share on other sites More sharing options...
Adam Montana Posted November 1, 2013 Report Share Posted November 1, 2013 I've had great experiences with apmex as well Link to comment Share on other sites More sharing options...
divemaster5734 Posted November 1, 2013 Report Share Posted November 1, 2013 You can go here, http://www.goldmart.com/ They add less than $1 to spot for some silver. I get all mine from there. Link to comment Share on other sites More sharing options...
RicknSaudi Posted November 1, 2013 Author Report Share Posted November 1, 2013 I've had great experiences with apmex as well Wow! A reply from the 'boss' himself. How cool is that? Thanks all. Just made my first purchase from apmex. Can't wait to receive my first 100-gram silver bar. Plan on doing this every month. Of course I will be buying something different every month (just for the 'variety'), and may give goldmart a try too. As always, Go RVVVVV! Link to comment Share on other sites More sharing options...
Econman33 Posted November 21, 2013 Report Share Posted November 21, 2013 http://www.silvertowne.com/p-11650-silvertowne-trademark-1oz-999-silver-bar.aspx And http://www.providentmetals.com/bullion/silver.html I buy from these two suppliers. Bars from Silvertowne ship for free. I have always had good service from them. I buy from one local supplier also, but his stock fluctuates. Silvertowne allows credit cards so you are protected and insured. Most deliveries come UPS. Provident metals has great selection but they charge a little extra for CC purchases and shipping. Just my two-cents here. Here are my favorite bars for the money. Free shipping. http://www.silvertowne.com/p-11651-silvertowne-trademark-5oz-999-silver-bar.aspx Link to comment Share on other sites More sharing options...
DrHow2 Posted December 7, 2013 Report Share Posted December 7, 2013 Thank you all for the great info. I tried the silvertown link and made a purchase in about 5 minutes. Has anyone converted a 401k account to silver? I have been thinking hard about doing that and it seems like the timing is good to me. At least it seems like a better investment than cash right now. Link to comment Share on other sites More sharing options...
MITCH10 Posted December 12, 2013 Report Share Posted December 12, 2013 bump Link to comment Share on other sites More sharing options...
Recommended Posts