What's the cheapest way to buy silver bullion?

Question

Where can I get coins or bars without paying huge commission?

Answer 1

holding it physically is not cost effective at all... bad idea.

just buy SLV --- each share is 10 ounces bullion.


GLD is 1/10 ounce gold per share.
very cheap....

each fund has a giant safe with all the bullion and you buy the symbols like stock.. should pay $7 per purchase ... cant beat that.

otherwise if you simply need to waste money by physically holding it:

https://online.kitco.com/selling/

http://www.apmex.com/shop/buy/Silver_bullion.asp?orderid=0

these places buy and sell.

Answer 2

Silver and gold maintains its value over time. A dollar today will not buy you what it could in 1913. but an ounce of silver and gold could buy you the exact same thing today as it did back then. This is because gold and silver can't be created. I recommend buying on the dips and holding for the long term. Inflation is guaranteed. Inflation is the devaluing of the currency which causes the price of the metals to increase and the value of your purchasing power to be preserved. It will also be a good idea to diversify in other commodities. Purchase some food storage and medicines as these will also increase in price. Buying now will save you money later and could even make you a profit if the dollar crashes and we temporarily return to a bartering economy. I would recommend having more silver than gold because gold will be priced way too high. If and when we have hyper inflation, gold will be priced so much, you'll most likely be unable to receive change except in a fiat currency but silver is much more divisible.

Answer 3

There may never be a better time for buying silver bullion than right now. World demand for silver now exceeds annual production, and has every year since 1990. Above ground stockpiles of silver bullion are low, shrinking rapidly and approaching zero. Since the end of WWII, for example, the U.S. government - once the largest stockpiler of silver on the planet - has dumped billions and billions of ounces of silver bars onto the world market, effectively depressing silver prices. Today, that government silver hoard is gone . . . and now the U.S. government is a silver buyer. For these reasons, silver bars represent an outstanding investment opportunity.

Answer 4

siple needs demand simple answers. go online. no, no, i'm not talking ebay or coin and bullion dealers. rather look for small manufacturing supply houses. also consider laboratory suppliers. think outside the box. end use dealers will always be the highest price. think of who uses silver not connected with collectors or investors. any metals dealer is going to charge commission as spot price is like "prime rate" no one pays this price.

Answer 5

Barrowman is dead on. Couldn't have said it better myself. The issue is, you are going to pay prices about spot, but stick with the bars instead of coins as coins sell at a higher premium than the bars do.

I would try www.kitco.com. You can buy precious metals directly from them. You can either take physical delivery, or just have them hold it for you.

Answer 6

I used to buy silver coins from the public before they sold them to the coin dealers. Coin dealers pay a lot less than the spot price for common silver coins. You can advertise, or put up a sign at local businesses, that you pay the highest price for silver and have them call you. Years ago, dealers were paying 3.2X face value, and sold them to me for 4.2X face value. If you buy them for 3.5X face value from the public, both of you benefit. By the way, the silver value then was about 3.5X face, so I was able to buy silver for market price, but get it in a more valuable form, (coins).

Answer 7

Go to your local "bullion" dollar store.

Answer 8

with gold bullion

Answer 9

they do sell it on eBay, but sometimes you end up paying more than if you went through more official channels

Answer 10

Con someone