Topic: Buying Silver (Read 2038 times)
I sold my silver for BTC and dont regret it.
I gave up on silver and gold, all in on bitcoin, may god help me
I was thinking about buying 50+ ounces of silver and just a little worried about not only the speculation of silver but where to buy it for the best +spot price. I was looking at apmex which seem to be the best, but if buy silver for 1 dollar over spot where do you then sell that silver? if it goes up 5 bucks and I take it to a silver/gold place arent they allways going to offer underspot? Is Craigslist or ebay the only option to sell for a fair price? Do you guys have any recommendations on where to buy and what to look out for? I am pretty sure I am going to get bars over coins.
Edit- I was going to do the easy thing and just purchase SLV but there seems to be a lot of bad news about that ETF and I jsut want to have silver in hand.
Edit- I was going to do the easy thing and just purchase SLV but there seems to be a lot of bad news about that ETF and I jsut want to have silver in hand.
SLV is an ETF that hold future contract, which is nothing but paper and promise. You will also need to pay fee on it every month when they do roll over.
If you are determine to buy silver, buy the one with large bar on apmex. They usually carry less premium when comparing to coin.
I don't think silver has so much of profit to buy it and hold it ?Does it,seriously I havent used it anyways
Shopping around to find the best prices is always a method I would suggest on anything that has a high price tag. It's quite easy for people to search on places like the internet and find a good deal and then get something else such as fake goods which will leave you losing out. It's going to take time if you want to find decent silver, time and patience though can lead to more in the long run. Any websites on the internet such as you mentioned Ebay and Craigslist may offer great prices and some may even be genuine but it is always wise to be sure until you find someone you can trust.
Do European banks for proles
A) Have armed security guards
B) Have safety deposit boxes not subject to government raids
If yes to both, stick that silver in a box.
A) Have armed security guards
B) Have safety deposit boxes not subject to government raids
If yes to both, stick that silver in a box.
I think no bank and its deposit boxes are immune to government raids (neither in Europe, nor anywhere else). So the best option would be to bury your silver in the backyard of your home under the screen of night.
Lots of fake coin and bullion are being sold on Ebay and Craiglist.
Watch out and buy from only reputable sources.
Watch out and buy from only reputable sources.
I have been into stacking Silver bullion for a long time.
I buy junk silver as often as possible, its just a fun hobby on the side i guess.
BTC, gold and silver are the 3 things i invest in currently.
I have zero faith in the US stock market, and even less faith in fiat.
I buy junk silver as often as possible, its just a fun hobby on the side i guess.
BTC, gold and silver are the 3 things i invest in currently.
I have zero faith in the US stock market, and even less faith in fiat.
You're so lucky to live in USA.
In European countries like France, you pay 20% tax when buying and then pay 35% capital gain when selling.
20% and 35% (55% loss, which is idiotic, what government did they out in office) are really big. I can't believe that they have a total of 55% tax, plus markup.
Do European banks for proles
A) Have armed security guards
B) Have safety deposit boxes not subject to government raids
If yes to both, stick that silver in a box.
A) Have armed security guards
B) Have safety deposit boxes not subject to government raids
If yes to both, stick that silver in a box.
Yes, dealing locally even if it may seem like a good idea can lead to all kinds of different problems especially if it is made well known that you are delaing silver locally. Being the target of thieves would be the last thing you would need especially with something so valuable.
You're so lucky to live in USA.
In European countries like France, you pay 20% tax when buying and then pay 35% capital gain when selling.
Deal locally. You don't have to report these transactions.
It may be dangerous (mildly speaking), local criminals would know that you have silver and may pay a visit to your home. And yet more so if you are going to buy on a regular basis.
You're so lucky to live in USA.
In European countries like France, you pay 20% tax when buying and then pay 35% capital gain when selling.
Deal locally. You don't have to report these transactions.
I would definitely be very careful when buying silver, with something of this much value people are going to try and con with fake silver which is always something that catches people out. Do research, spend time looking around and finding the best places to that do genuine silver and price match them. With quite a bit of time and patience you are guaranteed to find good silver at decent prices.
You're so lucky to live in USA.
In European countries like France, you pay 20% tax when buying and then pay 35% capital gain when selling.
Silver at this level is a good buy. It is 60-70% off its all time high.
In 1980 the silver price rose to a peak of $49.45 per troy ounce due to market cornering by the Hunt brothers. This is approximately $145 per troy ounce in today's inflation-adjusted prices. With silver price around $20-22 right now, this makes only 13-15% of its all time highs.
Silver at this level is a good buy. It is 60-70% off its all time high.
I agree if you have the time I have made some nice finds at garage sales but you have to be early. Otherwise buying from the local coin shop is a good idea no waiting and the dealer has already done the inspection. When you need money the local coin shop can quickly convert it back to cash for you.
Silver seems to be pretty stable and when I started to buy it I found that yard sales are a pretty good way to go. I bought a loupe, neodymium magnet, high precious scale and an acid kit and have done pretty well with it. I also have found decent deals at pawn shops, gun shows and local coin shops. To sell craigslist seems to be the best way. These people that stack silver at willing to pay more then the coinshops as they don't have the overhead.
Also watch out from fake one.
For physical metal, only buy from physical store.
For physical metal, only buy from physical store.
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