Thanks so much for your help with this. I truly appreciate it! I was quite hesitant to buy online because I had no knowledge of any trustworthy companies, so again, thanks so much for stearing me in the right direction!
I think buying silver is a great thing to do right now, I highly recommend it. I also think cashing in your savings bond for that purpose is the right call - interest rates are now so low that they don't even cancel out inflation. So your savings bond is likely losing you money right now, instead of making you money. Physical silver avoids this issue, and will help protect your wealth in the long-term from inflation and hyperinflation (which is a very real possibility thanks to a year of lockdowns, stimulus bills and other deep state insanity).
BTW APMEX is another U.S. online dealer you can trust.
I highly recommend you buy the cheapest silver you can find online on one of those sites, don't buy the pretty coins that cost a lot more for the same silver content, just try to get as many ounces of silver for your money. Usually, generic silver rounds would be your best bet - they don't look fancy, but silver is silver. I recommend sticking to 1 oz rounds or 1 oz bars unless you're buying hundreds of ounces, in which case you can consider buying some 5 oz, 10 oz, 1 kg or 100 oz bars as well. But generally larger bars are trickier to sell or trade, whereas coins or rounds are very liquid - meaning they're in demand, and the easiest to sell or trade. Just don't buy anything smaller than 1oz rounds (such as 1/2 oz or 1/4 oz), it's unnecessary and the premiums are huge, so you'd end up paying a lot more per ounce.
And just make sure the silver is 999 or 9999 pure (either is fine, there's no real difference), and you're good to go!
Thanks so much for your help with this. I truly appreciate it! I was quite hesitant to buy online because I had no knowledge of any trustworthy companies, so again, thanks so much for stearing me in the right direction!
You're very welcome fren, happy to help. :)
I think buying silver is a great thing to do right now, I highly recommend it. I also think cashing in your savings bond for that purpose is the right call - interest rates are now so low that they don't even cancel out inflation. So your savings bond is likely losing you money right now, instead of making you money. Physical silver avoids this issue, and will help protect your wealth in the long-term from inflation and hyperinflation (which is a very real possibility thanks to a year of lockdowns, stimulus bills and other deep state insanity).
BTW APMEX is another U.S. online dealer you can trust.
I highly recommend you buy the cheapest silver you can find online on one of those sites, don't buy the pretty coins that cost a lot more for the same silver content, just try to get as many ounces of silver for your money. Usually, generic silver rounds would be your best bet - they don't look fancy, but silver is silver. I recommend sticking to 1 oz rounds or 1 oz bars unless you're buying hundreds of ounces, in which case you can consider buying some 5 oz, 10 oz, 1 kg or 100 oz bars as well. But generally larger bars are trickier to sell or trade, whereas coins or rounds are very liquid - meaning they're in demand, and the easiest to sell or trade. Just don't buy anything smaller than 1oz rounds (such as 1/2 oz or 1/4 oz), it's unnecessary and the premiums are huge, so you'd end up paying a lot more per ounce.
And just make sure the silver is 999 or 9999 pure (either is fine, there's no real difference), and you're good to go!
Good luck and happy stacking!
Much appreciated! I can't wait to get started!
Have fun!