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?
Congrats on ur purchase. Silver is a great choice. Gold is just as good. Try 1/10 oz gold coins. You just take a hit with premiums. Generally stack what you want to stack. It is a hobby/wealth preservation. You wont get rich so dont listen to the youtube guys saying $30k gold and $5k silver.
As for what to buy. Depends what your goals are. If you are stacking weight, then stick to the things on sale at these online dealers. Lower priemiums means more bang for your buck. If you want beauty, then its what ever the hell you want.
stick to the sales items if you on a budget. Online dealers charge delivery for anything below $200. Try to stretch your goal to atleast that so ur not paying delivery. Food for thought.
Rule of thumb: bigger the piece, the less per oz you pay. For example, 10 1 oz coins will cost more then 1 10 oz bar. 4 quarter oz coins cost more then one 1 oz coin etc.
Silver is silver. Nobody cares if it has a smiley face on it. Stack what you want and pay attention to those premiums.
One more thing. Capsules are not a necessary thing. Keeping them in tubes or those plastic envelopes is enough. Capsules are good if you wanna display any pieces.