I’ve never done this before, not even with the smallest amount of buying power. But I’m trusting my gut and doing this one way or another. And I’m about to make the largest purchase of my life. I don’t even count buying my house because that’s basically just a long term loan payment to me based on my credit. I’ve taken out 20k cash from my bank through a HELOC. I’m able to afford the interest payments so that is not the issue. And I know I’m not doing this as a get rich quick scheme, or really with a goal of making any money at all. I simply want to hold the value of my money I’m able to obtain at the moment for when shit hits the fan. I took the money out in cash at first because I didn’t want to buy gold/silver online with a distinct paper trail. But I’m just trying to see if I made the right choice. Will I get the best deal/value for my money by going to a bullion shop/coin dealer shop and buying my metals there? Or would I get my best price online like at jmbullion.com, and just suck up the issue of a paper trail? Thanks in advance, help a fren out on what to do in these crazy times.
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it's good to flex with larger bars, but honestly the most practical size you can own is 1oz of any kind. I mainly buy 1oz bars of either gold or silver. Gold is a bit pricier but has the prestige behind ownership. Silver is more manageable, accessible and makes more sense as a direct currency swap for most people. Silver is also the main metal used in previous periods of American history as the backing metal for the dollar. Personally if you can, buy maybe an oz or two of gold and make the rest of your stacking collection centered around silver investments.
So I can bring out my gold during dinner parties to impress my guest?