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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Another point, when I buy online, I always have it tested immediately.
There have been some stuff going around about fake gold. Always have your PM tested by a reputable dealer.
Also, you have to consider where you are going keep your stacks. Some people use vaults but that means someone else has your life savings under their roof. I prefer mine under my roof. You have come up with a good storage solution, that is hidden and whatever you do...do not go around telling people about your stash. It is hard not to talk about your stash, but I guarantee if someone (even your closest buddies) thinks you got a stack of gold in your house, when SHTF, you will be a prime target.
Lastly, with all that is going on, there is no telling what is going to happen, I would make sure your PM hoard is addressed in a will. If you have family and want to protect them, make sure your hoard goes to the right people by putting it down on paper. Nothing worse than the state getting their hands on your hoard because you didn't draw up a will. Now you can do a simple one online, so there is no excuse.