If I were the type to give advice (which I'm not) I would keep it simple. Go on JMBullion and buy 1ounce, 5 ounce, 10 ounce bars. Get the physical silver in your hands. You can learn more as you go about junk silver, silver shot, treasury issued etc etc. But it doesn't have to be complicated to start.
As someone noted below, there's a ton of info on the WSS Reddit site. That being said, sorting through it can be cumbersome.
Andy Schectman who runs Miles Franklin typically has the lowest prices. He still doesn't have an online retail ordering process, but you can talk directly to him or one of his sales people. https://www.milesfranklin.com/
SDBullion is in my top 2 for reliable and reputable online bullions dealers and they normally have the lowest costs amongst the big 3 (SD, APMEX, JM). https://sdbullion.com/deals
APMEX is the oldest and most reputable online bullion dealer, and they know it. Their prices are almost always the highest.
I don't trust JM Bullion anywhere near these other two, but they seem to be popular for some reason. They're neither the low price leader, nor do they have the best reputation, and I've read several complaints about them on WSS in just the past few days alone.
All that being said, at any given moment, on any given day, each site runs their own specials and deals so it's smart to check around after you've decided what you're ready to buy. It's also worth noting that stock in all products is dropping massively so it's likely one site might have what you want, but others may not. This is a new phenomenon that really just started these past 18 months since the plandemic kicked in.
At the end of the day, bullion is bullion, when it comes to the standard sovereign mint coins, Constitutional (junk) silver, and brand name 10/100oz silver bars. Everybody is selling the same thing along these lines. As such, I can't think of a good reason why you'd pay more to get the same thing.
I personally prefer SD Bullion as they're the only dealer that doesn't short/hedge their orders for safety purposes. As such, they aren't holding down the price of silver like the other operations are doing to protect their business models. I've ordered numerous times from SD and never had an issue. They also run two YouTube channels, one by a vested owner, James Anderson, and another by one of their advocates, half-dollar Paul. None of the other bullion dealers listed above do this, and I think really only "Money Metals Exchange" may run one that pales in comparison to what the SD Bullion guys do.
Net-Net, I order from SD or Miles Franklin, depending on stock, pricing, availability, etc.
I see on SDbullion that it's now worth $850 for a kilo and $285 for a 10 oz bar. Should I buy them now or wait until the price drops? If the market crashes will the price actually go up? I see that the market price is $792 per kilo right now so I feel odd paying $850 right now... Any advice would be appreciated.
Those are $64,000 questions my friend. The premiums on silver have basically never been higher (they were a bit higher in March/April/May this year). You can almost never buy precious metals at spot (ask) price. Almost never. That being said, the bigger the purchase, the lower the premium.
Premiums low to high (right now): 1000oz bar -> 100oz bar -> Kilo bar -> 10oz bar -> 5 oz bar -> 1 oz rounds -> Constitutional silver -> Sovereign 1oz coins.
The premium depends on supply, demand and availability. I haven't looked at prices in a few weeks, but suffice it to say, $3-$5 over spot (per ounce) is probably the norm, where 100oz bars are $3/over and sovereign coins are closer to $5/over. The 1000oz bars may be under $1/over spot, but those are hard to deal with. You have to pay shipping on those bad boys too. Not many people buy those. I'd personally rather have ten 100oz bars.
Where's price going? Eventually? Probably $2500 - $5000 ounce in the not-too-distant future (2-5 years). Tomorrow, next week, week after that? It's anybody's guess. If you haven't joined WSS on Reddit yet, you should. All your questions will be answered. The cabal is running MASSIVE volumes of shorts on silver right now - like 1.5 million contracts a month (a contract is 5000 ounces) since March of this year. Prior to that they were able to manipulated the market with 10K-50K monthly contracts.
As you can see, there's apparently no limits to their fake paper silver contracts. Can they trade 10 million a month? 100 million a month? 1 billion a month? Unfortunately, I don't see why they can't do this. They're the deceivers, cheaters, manipulators, and the one's who make up all the rules. They're already trading 1000x contracts then they were only a year ago. Such is the situation we're currently in.
The only way to beat them is likely for we-the-people to dry up the physical market, which is what the WSS boards are all about. Once nobody can find any physical for sale, their fake paper markets will be totally exposed as the fraud that it is and always has been.
Personally, I think the game is over by next April. But that's just a date-phagging hunch. I don't know anymore than the next guy.
Historically, including March 2020 (when the scamdemic started) when the stock market tanked, the "PAPER" spot price of silver dropped to like $10-$11/ounce for 2-3 days. That was down from around $17-$18/ounce just before. Seems like waiting for the stock market tanking is the way to play it, right? There was only one teensy-tiny problem. Nobody, and I do mean NOBODY was selling anything for nearly a week until the prices stabilized. And this type of thing has happened in 2011, 2008 and in earlier years. And worse yet, once the prices stabilized, there were so many people freaked out that all the bullion dealer's inventory dried up within 24 hours. Bottom line, when the panic starts, silver becomes "unobtainium" and gold becomes "unaffordium". Bullion dealers will sell some scraps at ridiculous premiums when they smell blood in the water.
Net-Net - When the price drops due to stock tanking margin calls, you'll almost certainly have a hard time being able to find anybody willing to sell. The online bullion dealers are likely averaged in on their investments in the $20-$22 range overall. They simply won't sell if price slips below those levels for a few days/weeks.
My advice is to, at a minimum, take at least 50% of what you want to invest at this moment, and buy now. You can then dollar cost average in with spending 10% each week or two going forward.
You're not going to care whether you paid $25-$30/ounce today, when it's worth $50-$100/ounce in the coming months, no less $250-$750/ounce which is very realistic at this time next year.
I recommend a good blend of sovereign coins (not American Eagles at this time due to their absurd premiums) and Constitutional silver if you can get your hands on it. Roosevelt and Mercury dimes are the best - followed by quarters and Kennedy/Franklin half dollars. If you're spending big bucks, mix in some 100oz bars - for every 100oz bar (say they're $2700 right now), get yourself $2700 worth of 1oz sovereigns and Constitutional silver. Keep it balanced. Those dimes might be your "grocery money" some day if SHTF. They're 1/14th of an ounce of silver and a lot easier to part with than a full 1oz coin, let alone a 100oz bar when the grocer can't make change. Hopefully you catch my drift. 100oz bars for wealth preservation, Constitutional dimes for fast and easy trade/barter/grocery/gas requirements.
Right this minute, a pre-64 Constitutional Roosevelt dime is worth $1.79, with silver spot at $24.68. Thus, with silver at $250/oz, that dime is suddenly a $20 bill. Outside of 1942-1945 War nickels, you can't buy silver in any smaller fractions either, other than some rare 1/20th oz coins, like Libertads, which carry a ludicrous premium.
Net-Net - In a crunch (in the USA), everybody and their mother will want those dimes as everybody recognizes them as being real and safe.
Obviously there's no reason to go all doom and gloom on this, but it's smart to play all the angles. Big bars for wealth preservation, sovereign coins for trustworthiness and collectibility, Constitutional for fast transactions and SHTF scenarios.
I've used https://sdbullion.com/ with good results. I'm not affiliated with them. If you want to preserve your wealth buy larger bars, 100oz or 1000oz. If you are worried that you will need silver as money buy silver dollars. Any combination is better than nothing in my opinion. Good Luck, and silver is still very cheap.
Do not buy silver certificates, purchase actual silver.
If you’re looking to pick some up quick, call your bank and see if they sell it. You’ll pay a premium, but they’ll just debit your account and deliver it to your neighborhood branch a few days later for pickup.
For the best price, call your local coin shop or silver dealer. Note that if you want to buy a “lot” then you need to bring cash, or get your bank to up your debit limit for the purchase, or get a draft from your bank. They won’t take credit card and your debit card has a daily maximum. Check with the dealer to see what they recommend.
I buy with cash at my local bullion store,and online both are fine. I prefer using the postal service as I can pickup my silver at the post office if I am not home to meet the delivery guy. I put a lot of my silver in a safety deposit box at my credit union. The rest I put in my safe or hide at my house.
Number One: You don't "invest" in metals. They are real money and are to be kept until you need to spend them. You shouldn't be buying them and then selling them when the "price" goes up, because those dollars are worth much less than the ones you bought the metals for in the first place.
Apmex is a good online source for junk silver. I have used them. I don't know why, but for my deliveries, the mailman drove around to the back of my house and delivered to my back door. I thought that was nice, as no one else could see me getting my silver.
Silver dimes, quarters, halves, and dollars would be easier to spend in the future, as people can easily recognize them. They are also in smaller denominations to match the worth of common goods, such as bread and meat. Silver rounds and gold coins would be used for larger purchases, such as vehicles or real estate.
For small amounts of money look at ebay. To learn about pricing, go to coinflation.com https://www.coinflation.com/ he has a featured ebay auction every so often and gives limited advice. Mail order I have used before or if you are in the area, California Numismatics https://www.golddealer.com/ or Colorado Gold, http://www.coloradogold.com/ They will answer your question on the phone. If you want help with storage and are more adventurous try Bullion Vault. https://www.bullionvault.com/ You can open an account for any amount, trade at near spot price 24/7 and keep your bullion in Zurich, London, New York, Toronto or Singapore. Your bullion is segregated which means they hold your bullion in your name in the vault of your choice but charge a fee for storage. Good luck
Your best bet is buying old, worn silver coins. That way, you avoid the many silver counterfeits floating around, being passed off as legitimate. Broker/dealers charge a hefty premium for bullion or strikes.
If you keep your eyes open, you can find some great deals.
Depends on what you mean by "investing." I can't time the market, and it's foolish to try. If you mean buy low and sell high, good luck. Lots of people try that with varying results.
I didn't "invest" in silver to make money, I bought it in small discreet amounts, spread out over years, looking for good deals at or below market value, flea markets, estate sales, Goodwill, etc. and tucked it away.
FOR ME IT'S JUST A HEDGE AGAINST CURRENCY COLLAPSE. I don't think about it, just forget that it's there. But one day all fiat currencies will collapse and become useless. Silver and gold, as well as ammo and canned foods, will become the currency then. If you have none, then you have nothing.
If you figure out the math and buy an inexpensive pocket scale and Jewelers loop, then you can start buying unwanted jewelry from friends and acquaintances. People are amazed that a broken necklace or ring missing a stone is worth as much as they are. People might start bringing you a sandwich Baggie with $1000 of broken jewelry (by weight) and are thrilled when you give them $800 cash for broken junk. Don't buy anything without a stamp or if it doesn't seem right.
Do you know that US dimes, quarters, halfs, and dollar coins from 1964 and earlier are 90% silver? Good.
Do you know that if you don't hold (possess) it, then for all practical purposes you don't own it? Great.
You are off to a decent start.
If I were the type to give advice (which I'm not) I would keep it simple. Go on JMBullion and buy 1ounce, 5 ounce, 10 ounce bars. Get the physical silver in your hands. You can learn more as you go about junk silver, silver shot, treasury issued etc etc. But it doesn't have to be complicated to start.
As someone noted below, there's a ton of info on the WSS Reddit site. That being said, sorting through it can be cumbersome.
Andy Schectman who runs Miles Franklin typically has the lowest prices. He still doesn't have an online retail ordering process, but you can talk directly to him or one of his sales people. https://www.milesfranklin.com/
SDBullion is in my top 2 for reliable and reputable online bullions dealers and they normally have the lowest costs amongst the big 3 (SD, APMEX, JM). https://sdbullion.com/deals
APMEX is the oldest and most reputable online bullion dealer, and they know it. Their prices are almost always the highest.
I don't trust JM Bullion anywhere near these other two, but they seem to be popular for some reason. They're neither the low price leader, nor do they have the best reputation, and I've read several complaints about them on WSS in just the past few days alone.
All that being said, at any given moment, on any given day, each site runs their own specials and deals so it's smart to check around after you've decided what you're ready to buy. It's also worth noting that stock in all products is dropping massively so it's likely one site might have what you want, but others may not. This is a new phenomenon that really just started these past 18 months since the plandemic kicked in.
At the end of the day, bullion is bullion, when it comes to the standard sovereign mint coins, Constitutional (junk) silver, and brand name 10/100oz silver bars. Everybody is selling the same thing along these lines. As such, I can't think of a good reason why you'd pay more to get the same thing.
I personally prefer SD Bullion as they're the only dealer that doesn't short/hedge their orders for safety purposes. As such, they aren't holding down the price of silver like the other operations are doing to protect their business models. I've ordered numerous times from SD and never had an issue. They also run two YouTube channels, one by a vested owner, James Anderson, and another by one of their advocates, half-dollar Paul. None of the other bullion dealers listed above do this, and I think really only "Money Metals Exchange" may run one that pales in comparison to what the SD Bullion guys do.
Net-Net, I order from SD or Miles Franklin, depending on stock, pricing, availability, etc.
Good luck!
Thank you!
I see on SDbullion that it's now worth $850 for a kilo and $285 for a 10 oz bar. Should I buy them now or wait until the price drops? If the market crashes will the price actually go up? I see that the market price is $792 per kilo right now so I feel odd paying $850 right now... Any advice would be appreciated.
Those are $64,000 questions my friend. The premiums on silver have basically never been higher (they were a bit higher in March/April/May this year). You can almost never buy precious metals at spot (ask) price. Almost never. That being said, the bigger the purchase, the lower the premium.
Premiums low to high (right now): 1000oz bar -> 100oz bar -> Kilo bar -> 10oz bar -> 5 oz bar -> 1 oz rounds -> Constitutional silver -> Sovereign 1oz coins.
The premium depends on supply, demand and availability. I haven't looked at prices in a few weeks, but suffice it to say, $3-$5 over spot (per ounce) is probably the norm, where 100oz bars are $3/over and sovereign coins are closer to $5/over. The 1000oz bars may be under $1/over spot, but those are hard to deal with. You have to pay shipping on those bad boys too. Not many people buy those. I'd personally rather have ten 100oz bars.
Where's price going? Eventually? Probably $2500 - $5000 ounce in the not-too-distant future (2-5 years). Tomorrow, next week, week after that? It's anybody's guess. If you haven't joined WSS on Reddit yet, you should. All your questions will be answered. The cabal is running MASSIVE volumes of shorts on silver right now - like 1.5 million contracts a month (a contract is 5000 ounces) since March of this year. Prior to that they were able to manipulated the market with 10K-50K monthly contracts.
As you can see, there's apparently no limits to their fake paper silver contracts. Can they trade 10 million a month? 100 million a month? 1 billion a month? Unfortunately, I don't see why they can't do this. They're the deceivers, cheaters, manipulators, and the one's who make up all the rules. They're already trading 1000x contracts then they were only a year ago. Such is the situation we're currently in.
The only way to beat them is likely for we-the-people to dry up the physical market, which is what the WSS boards are all about. Once nobody can find any physical for sale, their fake paper markets will be totally exposed as the fraud that it is and always has been.
Personally, I think the game is over by next April. But that's just a date-phagging hunch. I don't know anymore than the next guy.
Historically, including March 2020 (when the scamdemic started) when the stock market tanked, the "PAPER" spot price of silver dropped to like $10-$11/ounce for 2-3 days. That was down from around $17-$18/ounce just before. Seems like waiting for the stock market tanking is the way to play it, right? There was only one teensy-tiny problem. Nobody, and I do mean NOBODY was selling anything for nearly a week until the prices stabilized. And this type of thing has happened in 2011, 2008 and in earlier years. And worse yet, once the prices stabilized, there were so many people freaked out that all the bullion dealer's inventory dried up within 24 hours. Bottom line, when the panic starts, silver becomes "unobtainium" and gold becomes "unaffordium". Bullion dealers will sell some scraps at ridiculous premiums when they smell blood in the water.
Net-Net - When the price drops due to stock tanking margin calls, you'll almost certainly have a hard time being able to find anybody willing to sell. The online bullion dealers are likely averaged in on their investments in the $20-$22 range overall. They simply won't sell if price slips below those levels for a few days/weeks.
My advice is to, at a minimum, take at least 50% of what you want to invest at this moment, and buy now. You can then dollar cost average in with spending 10% each week or two going forward.
You're not going to care whether you paid $25-$30/ounce today, when it's worth $50-$100/ounce in the coming months, no less $250-$750/ounce which is very realistic at this time next year.
I recommend a good blend of sovereign coins (not American Eagles at this time due to their absurd premiums) and Constitutional silver if you can get your hands on it. Roosevelt and Mercury dimes are the best - followed by quarters and Kennedy/Franklin half dollars. If you're spending big bucks, mix in some 100oz bars - for every 100oz bar (say they're $2700 right now), get yourself $2700 worth of 1oz sovereigns and Constitutional silver. Keep it balanced. Those dimes might be your "grocery money" some day if SHTF. They're 1/14th of an ounce of silver and a lot easier to part with than a full 1oz coin, let alone a 100oz bar when the grocer can't make change. Hopefully you catch my drift. 100oz bars for wealth preservation, Constitutional dimes for fast and easy trade/barter/grocery/gas requirements.
Right this minute, a pre-64 Constitutional Roosevelt dime is worth $1.79, with silver spot at $24.68. Thus, with silver at $250/oz, that dime is suddenly a $20 bill. Outside of 1942-1945 War nickels, you can't buy silver in any smaller fractions either, other than some rare 1/20th oz coins, like Libertads, which carry a ludicrous premium.
Net-Net - In a crunch (in the USA), everybody and their mother will want those dimes as everybody recognizes them as being real and safe.
Obviously there's no reason to go all doom and gloom on this, but it's smart to play all the angles. Big bars for wealth preservation, sovereign coins for trustworthiness and collectibility, Constitutional for fast transactions and SHTF scenarios.
Good luck!
I've used https://sdbullion.com/ with good results. I'm not affiliated with them. If you want to preserve your wealth buy larger bars, 100oz or 1000oz. If you are worried that you will need silver as money buy silver dollars. Any combination is better than nothing in my opinion. Good Luck, and silver is still very cheap.
Do not buy silver certificates, purchase actual silver.
If you’re looking to pick some up quick, call your bank and see if they sell it. You’ll pay a premium, but they’ll just debit your account and deliver it to your neighborhood branch a few days later for pickup.
For the best price, call your local coin shop or silver dealer. Note that if you want to buy a “lot” then you need to bring cash, or get your bank to up your debit limit for the purchase, or get a draft from your bank. They won’t take credit card and your debit card has a daily maximum. Check with the dealer to see what they recommend.
https://www.goldenstatemint.com/silver/
I buy with cash at my local bullion store,and online both are fine. I prefer using the postal service as I can pickup my silver at the post office if I am not home to meet the delivery guy. I put a lot of my silver in a safety deposit box at my credit union. The rest I put in my safe or hide at my house.
Number One: You don't "invest" in metals. They are real money and are to be kept until you need to spend them. You shouldn't be buying them and then selling them when the "price" goes up, because those dollars are worth much less than the ones you bought the metals for in the first place.
Apmex is a good online source for junk silver. I have used them. I don't know why, but for my deliveries, the mailman drove around to the back of my house and delivered to my back door. I thought that was nice, as no one else could see me getting my silver.
Silver dimes, quarters, halves, and dollars would be easier to spend in the future, as people can easily recognize them. They are also in smaller denominations to match the worth of common goods, such as bread and meat. Silver rounds and gold coins would be used for larger purchases, such as vehicles or real estate.
silver is one of the most undervalued assets you can buy. https://www.silvercoins.com/uses-of-silver/ And one of the most manipulated.
For small amounts of money look at ebay. To learn about pricing, go to coinflation.com https://www.coinflation.com/ he has a featured ebay auction every so often and gives limited advice. Mail order I have used before or if you are in the area, California Numismatics https://www.golddealer.com/ or Colorado Gold, http://www.coloradogold.com/ They will answer your question on the phone. If you want help with storage and are more adventurous try Bullion Vault. https://www.bullionvault.com/ You can open an account for any amount, trade at near spot price 24/7 and keep your bullion in Zurich, London, New York, Toronto or Singapore. Your bullion is segregated which means they hold your bullion in your name in the vault of your choice but charge a fee for storage. Good luck
have bought from JMBullion.com, for many years, never had any issues, just fyi
Does your bank sell silver ingots? If it's a fair price, go there.
Get a safe. Look for good deals at local pawn shops. Go online to APMEX.
Usagold.com
Golden State Mint had the best prices last time I looked. Military discount too.
Your best bet is buying old, worn silver coins. That way, you avoid the many silver counterfeits floating around, being passed off as legitimate. Broker/dealers charge a hefty premium for bullion or strikes.
If you keep your eyes open, you can find some great deals.
Depends on what you mean by "investing." I can't time the market, and it's foolish to try. If you mean buy low and sell high, good luck. Lots of people try that with varying results.
I didn't "invest" in silver to make money, I bought it in small discreet amounts, spread out over years, looking for good deals at or below market value, flea markets, estate sales, Goodwill, etc. and tucked it away.
FOR ME IT'S JUST A HEDGE AGAINST CURRENCY COLLAPSE. I don't think about it, just forget that it's there. But one day all fiat currencies will collapse and become useless. Silver and gold, as well as ammo and canned foods, will become the currency then. If you have none, then you have nothing.
If you figure out the math and buy an inexpensive pocket scale and Jewelers loop, then you can start buying unwanted jewelry from friends and acquaintances. People are amazed that a broken necklace or ring missing a stone is worth as much as they are. People might start bringing you a sandwich Baggie with $1000 of broken jewelry (by weight) and are thrilled when you give them $800 cash for broken junk. Don't buy anything without a stamp or if it doesn't seem right.
Check the stamps: Some say EPNS. Those are plated junk.