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.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (38)
sorted by:
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.)