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 currently own 203 oz silver…. Been buying for 8 years… it doesnt matter how much you buy or the weight, just buy it… what you will notice is that if you buy in larger denominations (5,10,20,50 oz…etc) price will get cheaper vs buying 1oz at a time… but what your doing is the right way… set aside what you can afford, and stock up… however that being said, if you ever do need to use your silver for bartering, having more 1oz pieces is a better option. Also buy directly from the mint/refinery, vs an exchange, it will avoid paying any additional fees… i currently bought and hold from : mintID, sunshine, scottsdale, asahi…stay away from gold and stack silver… silver is cheaper and the growth potential on profit return, far outpaces gold