I'm about to buy my first 2 oz of silver bars and I am wondering where to store them and if I'm making the right decision. Buying locally from a coin store referred by a family member. I am curious if anyone has documentation or video of why buying silver is worth it. I want to buy 2 oz every 2 weeks while I can afford it. I guess I just want to be reassured that this is a good idea cause it feels right but I'm new to this. If you have any info I would greatly appreciate it. Thanks for reading this. Please speak your truth.
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Thank you. One of the things I’ve been talking with my friends down here in Florida about also is investing in plants. I know it sounds a little kooky but think about it, if we are keeping it super old school, straight from God, straight from Mother Earth....the original “investment” was planting a seed and watching it grow exponentially....and some plants every provide “dividends” if they provide food. I think your silver idea is cool though. Doesn’t ever hurt to diversify and have a little of everything
speadEAGLE, two ounces of silver are worth less than fifty bucks.
Throw 'em in a drawer. They will never go "up" in value; they will simply retain value relative to an inflating currency. If 1oz were trading a thousand dollars tomorrow, it won't mean that your house is now worth ransacking to get two ounces of silver. It'd just mean that the dollar became worthless. If fifty bucks fills up the tank, then you'd need two thousand bucks in that scenario.
(This is why I tell people that PMs are store of value, but they are not investments per se, as they do not earn.)