I am/will be a novice at this. Haven’t a clue who to go to, what to expect, the questions to ask. PBman2 offered up some good context on silver. I just sold a house. How much would you advise I spend on both? I don’t trust banks and since gold will destroy the FED and I’m going to be flush with cash from my house sell, I’m ready to jump in. What’s the safest way to get it? I don’t trust P.O. Boxes either.
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Get yourself a bag of junk silver coins (these are silver coins that were minted in the US before 1965). They all contained 90% silver prior to 65. And if investing in real gold ... look at obtaining some coins rather than gold bars. They would be easier to trade. I have more silver coins than gold coins but the gold coins were more money.
I sold my inherited stock from my parents when Obama got elected and used it to buy gold and silver. I bought through Goldline. You will pay a fee for them to handle it and they will ship it directly to you in an unremarkable package. There are other companies out there you can use. Check around since some will offer you better deals on occasion.
Also you can check out any antique dealer who may have them. We ran across one in New Bern, NC with a huge stock of gold and silver coins, stamps etc. If I hadn't already bought my gold and silver I would have considered doing something like that.
Whatever you do, make sure you get them to send it directly to you. Some people ask them to hold onto it for them. But in a truly SHTF event you would want that where you can use it.
We also invested in a home safe that is secured and bolted down.
You’re in NC too. I was checking out JM Bullion’s web page and NC charges sales tax on certain items. If you purchase from a coin shop or antique dealer how do you know you’re getting the legit gold/silver? These are a few of the questions I had and thank you for responding. I’ve not heard of Goldline before. I’ll check it out.
Judging from the antique shop we walked through in New Bern and from speaking with the owner the guy knows his stuff. It was literally full of collectibles of all kinds...even old baseball cards. Coins and stamps were his specialty. If you do happen to go into a shop like that you can always do a websearch on the price of the coins you want to purchase.
That’s a good idea. We have a couple of shops close by. One is a pawn shop where I bought a couple of guns and he has a huge supply of coins. I got a good deal on my last handgun but I knew nothing about gold or silver except what I learn here. Haven’t had the money to purchase any precious metals until now. Getting out from under a mortgage and investing in real money instead of buying a another house. Thanks for your help.
When I received gold in the mail, I took them to the local coin shop and had a few random coins verified by weight and density. There was a small fee.
Thank you for your help. I feel much more confident about it all now. I sense the bottom falling out is not far off and I want to be solidly stacked when it happens
I’d add to check prices carefully with antique dealers. In my area I find they just price them based on what they paid for them, and not where the market is at. I looked up coin stores in my area and tried out two. Bought small amount at first just to check out prices and my comfort level with them. Bought multiple stuff through them now. Used SD bullion a couple times, but really like being able to have the vendor test the coins I am buying right there when I am buying them.
I think you're smart! If you have a question, you can dm me. I don't know too much but i have purchased some different types of silver and can give you my experience. I would also like to know what the military discount is with JMB