The spread between gold and silver is 80 to 1. Rumors abound that we going back to a gold based dollar. If that is true, most are speculating that gold goes to something like $86,000 oz. sendng silver to the moon. So if it were me I'd invest in silver, and not for the reason just cited. The gold market is far more corrupt than the silver market. I think that current 80 to 1 gold to silver spread is silver informing us on gold. My research suggests that their are plenty of fraudulent gold bars in bank vaults today, much more gold then on the books, MSM has reported on this, due to a CIA laundering operation of Asian gold at the close of WWII that Harry Truman signed off on. So silver likely to rise some, but buy because its going to maintain its value, it's a store of value.
Could someone advise a Fren of where or who I could trust to buy some ! Not educated on metals but would like to buy at-least a few pieces ,, have a garage full of food and lots of DWAC but would like a coin or two ,, thank you so much
Not off topic. Stock up on your supplies of food and essential stuff and if you have savings, convert it to physical silver, not the paper kind. That’s seems to be the advice going around.
If you want the best deal call a mine directly. They send out their material to a refinery; they have 2 options for payment for the ore. Normally they can either get a check or physical gold or silver (or other metals) in certified bars. Many mines stock the metal waiting for a price increase. Find a small (or big) gold mine that is successful, not a guy with a gold claim. They will have gold or silver bars for sale. Only buy certified bars with stamps. Pay cash if you can, the guys love that.
You have to be careful when buying silver because a lot of places will charge you $5-$10 over the "spot" price. I try to shop around and look for deals where I can get silver for around $2 over spot or less. Typically, the larger the bar the better deal you will get (1 oz round will be like $28/oz while 1kg bar will be $25/oz)
Over the past year I've been buying mostly 1kg silver bars from bullion exchanges. I made several orders with them with no issues.
https://bullionexchanges.com/
If you want to buy silver through your stock trading account, buy PSLV. However, you should probably wait until you physically hold 1000+ oz in your safe before going that route.
The spread between gold and silver is 80 to 1. Rumors abound that we going back to a gold based dollar. If that is true, most are speculating that gold goes to something like $86,000 oz. sendng silver to the moon. So if it were me I'd invest in silver, and not for the reason just cited. The gold market is far more corrupt than the silver market. I think that current 80 to 1 gold to silver spread is silver informing us on gold. My research suggests that their are plenty of fraudulent gold bars in bank vaults today, much more gold then on the books, MSM has reported on this, due to a CIA laundering operation of Asian gold at the close of WWII that Harry Truman signed off on. So silver likely to rise some, but buy because its going to maintain its value, it's a store of value.
I've been stacking silver ounces for years as a hedge against inflation. Let's see if it pays off.
Silver will hit 50 to one ratio after gold hits its actual value. The increas in silver will be tied directly to gold. Get both.
If focusing on precious metals, I'd go 60/40 silver/gold. Silver is much more heavily shorted than gold.
I would also recommend APMEX. Acre Gold is also a good choice if you want to have a more affordable automated gold subscription service.
Could someone advise a Fren of where or who I could trust to buy some ! Not educated on metals but would like to buy at-least a few pieces ,, have a garage full of food and lots of DWAC but would like a coin or two ,, thank you so much
Buy physical silver if you can,do not buy SLV it's just paper. All the major dealers are good,sd bullion jm bullion apmex.....
Not off topic. Stock up on your supplies of food and essential stuff and if you have savings, convert it to physical silver, not the paper kind. That’s seems to be the advice going around.
To late
If you want the best deal call a mine directly. They send out their material to a refinery; they have 2 options for payment for the ore. Normally they can either get a check or physical gold or silver (or other metals) in certified bars. Many mines stock the metal waiting for a price increase. Find a small (or big) gold mine that is successful, not a guy with a gold claim. They will have gold or silver bars for sale. Only buy certified bars with stamps. Pay cash if you can, the guys love that.
https://theconversation.com/how-the-us-government-seized-all-citizens-gold-in-1930s-138467
They forced the citizens to sell their gold to the government at a rate well below the market rate.
I never bought it to sell. It's a life boat for the restart.
My point is only that you should be aware that there is precedent for the Federal Government to seize your gold and pay pennies on the dollar for it.
You have to be careful when buying silver because a lot of places will charge you $5-$10 over the "spot" price. I try to shop around and look for deals where I can get silver for around $2 over spot or less. Typically, the larger the bar the better deal you will get (1 oz round will be like $28/oz while 1kg bar will be $25/oz)
Over the past year I've been buying mostly 1kg silver bars from bullion exchanges. I made several orders with them with no issues. https://bullionexchanges.com/
Though right now, this appears to be the best deal: https://monumentmetals.com/silver/silver-bars/kilo-32-15-oz-silver-bars.html
If you want to buy silver through your stock trading account, buy PSLV. However, you should probably wait until you physically hold 1000+ oz in your safe before going that route.
I also suggest you checkout this subreddit for silver news as well as general silver hype: https://www.reddit.com/r/Wallstreetsilver/
If you buy from APMEX on eBay, you save on shipping if buying an individual coin.
Apmex is reputable. Been using them since 2011.