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.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (34)
sorted by:
First, I recommend buying a good safe, if it is small enough to carry away bolt it down. Second do not advertise to friends and family that you are storing precious metals at your property (loose lips sink ships). You can check local dealers and coin shops to see if they are reputable (usually are if they have long business history in same area). The quantity you can buy will depend on what they carry in inventory unless they can order it in for you. Many online companies like JM Bullion etc. should be good to deal with also. Always check the daily posted spot prices before you purchase. You will pay a premium over the spot price that is part of the normal business exchange. I would buy some of both gold and silver, although I personally would invest more in silver than gold because I believe silver will have a greater increase in value per dollar compared to gold. That being said, it should be what you feel comfortable with and as for the amount you purchase, you should be willing to sit on that investment until the values truly increase. I hope this information will be helpful.
Very helpful. Thank you.