I’m a newbie to buying precious metals, in fact never have. I have 5k cash saved that I have been keeping out of the bank for obvious reasons. Now I’m looking to buy silver and gold. There’s so much info out there it’s hard to tell what’s real or not and makes my head spin. I live in Northern Virginia. Any anons out there in my area know the best place to buy these metals? I’ve also seen there is different types of silver and gold, so which is the best to buy? And where can I look to see the current “spot” (still a little unsure about what that means) price? Any help would be greatly appreciated for a young(ish) 30 year old guy who knows nothing about this topic!
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Jmbullion.com This is an on-line seller of g/s and a fan of many on this board. I’ve been buying from them for over 10 years with great service and best prices over spot. Silver liberty dollars are an easy place to start. Buy gold bars and coins at a lower ratio to preserve your wealth for the long haul. With $5000, a possible scenario would be 1.5 ounces of gold and about 50 ounces of silver. Also, don’t be afraid to call the customer service line and ask questions and for suggestions. They will take the time to help you learn.
Awesome, thank your for the info. Question, if I were to find an actual coin shop to buy them in person, do they accept cash? If it’s possible, I’d like to have no digital paper trail through my bank of purchasing this
A coin dealer is great for exactly that! Cash is king, and no paper trail. Shop around for the lowest premiums.
My local coin shop , only takes cash.
Expect to pay 4 dollers or more of spot price.