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?
Minimizing the amount you pay above spot price is your goal. Typically the more you buy, the less you pay above spot price. I buy from JM Bullion. Most of the 1 ounce rounds you are paying a couple dollars above spot price. They offer sale prices, currently they have Indian head rounds on sale for $1.29 above spot. I have found the kilogram bars offer the best bang for the buck. It is aprox 35 ounces, cost is aprox $1000. Get your calculator out and crunch the numbers. Saving a few dollars with each purchase adds up over time.