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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I buy when it is much lower than it is today, at 25.00 and some cents an oz. The trend says it will rise. As far as Gold goes, several years ago it was down and I bought 1/10th of an oz once or twice a month. I wait for the dip, and sell to a good guy in Burlington Vermont. I buy through JM Bullion, when I do. So, say I want to save 2-3 hundred a month, I buy silver instead of putting it in the bank. Savings can be dipped into, transferred to checking, etc, if I have bullion instead, I don't do that, it sits and will be sold only when it is well over 30 an oz, and if the banks go to the shitter, it will rise much more over that. I would love to start buying those small gold coins again, but it is not feasible right now. I buy rounds and coins, but remember, a good dealer will give you more for the coins, and so does JM Bullion, they will buy back, but you have to wait for the spot to rise above what it was when you bought it, they will only pay spot value, but do pay more for coins over rounds.