I would love to buy gold right now but thanks to the dipshit in office I am unable to drop that kind of money. What I have worked into my budget is buying silver. This is something I plan on doing for the rest of my life. My goal is to purchase at least $100 of silver every month. I just did so from SDBullion and got myself three 1oz silver bars.
My question, for those of you that have already been investing into precious metals for a while, what is the best bang for my buck? What weights do you recommend? What sellers do you recommend? Is it better for my to keep buying 1oz bars each month or set aside money each month until I have enough to get a 5oz or a 10oz bar?
I would suggest buying 1 oz coins, since the coins has extrinsic value because of collectability, but they also cost a little more. Or else just buy a variety of rounds.
Someone else also suggested jmbullion.com. They have weekly sales with 1oz silver often as little as 1.30 over spot price. Check the prices at checkout, you get the best deals paying with ACH (direct bank transfer), wire (this probably has bank fees) or check. You pay a big premium if you use credit card or paypal.
I have a separate checking account I only use for paying things like this, I don't use my main account for any online payments or transfers.