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?
All great advice here. A couple of notes:
Buying the cheapest per oz - you can prove this out by asking a dealer how much they will pay you for a particular piece of silver. Most will offer you very close to spot price, so getting rounds/bars saves you money. YMMV.
JM Bullion, under the guise of Silver.com - never again! I ordered around $600 of silver, they sent it USPS Priority. Long story short, it was "lost" at a USPS facility. They refused to refund me. Not even whatever they received from the USPS. I am not the only person to go through this and mot be reimbursed by them. Beware!
SD Bullion and Greatlakescoin.com - Never had a problem.