Hello-

I've been doing alot of research and decided to contribute $50 per week to buying silver. I felt most comfortable going to my local coin shoppe. He makes 10% above market value.  I do like the idea of supporting local businesses so i don't have a problem with it. But was wondering if anyone else buys silver and how they do it.

Thanks, Kristin

Hello Kristin! I have been buying silver for a couple months now and I really enjoy it! I love collecting foreign currency and coins! I don't really have a method, I just go when I have money to spare and I buy as many silver coins or bars as I can. There are two different coin shoppes near the office and I go to both of them.
 

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~Ishtarr

I like APMEX.  They have a $50 minimum requirement, but they charge a flat rate for shipping and insurance .  They also give a discount if you pay by check.  I have bought on Ebay in the past but you have to be extra careful.  Just make sure that the seller has a good reputation. 

Thanks for your replies. I'm buying from my local coin shop. He charges me a % over the market value for a bar of silver. Obviously he has to make a profit. Is there any other way to buy AT market value and actually have the silver in your possession?

I don't know of any other way to get silver rather than through the coin shop. I would be interested to find out if there is an easier way though! Anyone have any ideas?

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~Ishtarr

Hello Starr,

 I too live in Arizona (Carefree) and I've been checking around to find a reputable silver dealer, but I am not comfortable buying from just anyone.  So, can you please let me know where you buy silver in either Scottsdale and/or Phoenix currently?  I would appreciate the information so that I can begin to also purchase some silver/gold coins. Thanks so much!  Maryellen

I am unclear why someone would buy silver?  Please explain I would love to hear the reasons.  Jeremy J. Siegel has shown in "Stocks for the Long Run." that Gold has done very poorly (and I am assuming silver would have a similar results) over the test of time compared to stocks.  If you took four dollars in 1801 and purchased one dollars ($1) worth of each of these commodities - gold, bond and stock and kept one dollar.  200 years later that $1 in stock would be worth $599,605, the bond would be worth $952, the gold would be worth $0.98 and the remaining dollar would be worth $0.07.

This example shows that gold (and again I am assuming this) silver act only as hedges to a falling dollar.  If that is your goal, then buy silver, but if your gaol is to become a rich dad or a rich woman I think you should look elsewhere.  I am here to also learn so please your comments would be appreciated.

Regards 

Gold and silver can best be described as God's money. It has intrinsic value and you are correct in saying it hedges against a falling dollar. Dollars are just paper, stuff that man can print as much of as he wants, or enter more '0's in a computer to "create". Metals have intrinsic value. Does Siegel say how much gold was selling per ounce for back in the 1800's? I'm guessing through inflation $4 worth of gold has got to be worth more than .98---that just doesn't make any sense to me? And I am curious as to what stocks are we talking about here? What about the ummm, this nasty Depression thing in the 30's? I'm betting the average investor was taken to the cleaners if they had all their money in stocks then. But the guy that had ounces of gold HAD something worth value, & he could trade with that when money was garbage at that point.  There are stories in history of WWII Germany where people would bring wheelbarrows full of money to buy 1 loaf of bread, only to find that their wheelbarrow had been stolen and ALL the garbage money left.

A very good explanation of this can be found on RichDad's site, under his 2008 predictions. Very informative.

 I personally think you should have a little of everything. I have precious metals such as gold and silver, but also carry stocks & bonds, tax liens & several pieces of real estate. And also read and learn from those who are investors. I would follow someone's advice only if they were. I'm off for a Google search!
 

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I've already done the impossible and run with a broken foot. That was training to make the hard parts look easy! :-)

Hi Kristin,

Have you watched the 2008 prediction videos on RichDad.com?

Mike Maloney has a website that many of my successful friends use. It is www.goldsilver.com

Hope this helps.

Sidra

Hi Sidra,

My husband did and we are in the process of moving our SEPT and Roth accounts over to him. I spent most of the weekend researching my options and will spend today calling some sources for more information. We are diversified, owning real estate as well. But as for Stocks we are uneducated and really have no passion to learn it. But we do have passion in real estate and silver. Both my husband and I made the decision to make our own mistakes rather than continue with a stock broker who could potentially make mistakes for us. I guess our goal is to become as financially educated in what we feel passionate about, taking control of our own financial path. We've lost tons of money doing this but not the knowledge.

I'll post again with my findings,
Kristin 

Hi Kristin,

That is smart that you decided to get into silver. Have you seen the record breaking highs for Silver and Gold lately? Gold is at $944 oz and Silver is at $17 It's out performing Dow Jones. Check out this website http://blog.goldsilver.com/2008/02/21/gold-breaks-new-record-public-waking-up/

Do you know anything about Syndications? I am learning some uncommon information that is not available to the mainstream and precious metals are a bi-product of it. This is where I receive my silver and gold coins.

Loni

Hi i m new to buying silver any hint that i should know... i purchase the 1942, 1943, and 1944 LIBERTY SILVER HALF DOLLAR COINS. would that consider silver? or u mean silver bar? 

Hi Kristin (and everyone else)

If you're still looking for a place to buy silver, Kitco.com is the best place as far as I'm concerned. And mind you, you're very lucky you're in the US.

Kitco has the best rates in both silver and gold bullion and you can decide to take possession of the metals or not. Silver is an excellent investment. I attempted to buy it through Kitco already, paid for it and everything but it fell through... reason being our South African government.

They put a stop to the deal, the reserve bank didn't allow my foreign payment to go through because apparently South Africans are not allowed to possess silver bullion Needless to say, I was not very impressed, especially since at the time, I had already sold myself on the fact that silver is such an excellent investment after reading all of Robert Kiyosaki's predictions in his books and articles.
 

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I also have Liberty Silver half dollars. Did u ever hear any reply about their worth?

These are the places I go for silver:

 Northwest Territorial Mint

And the EFT   SLV on the stock exchange.

 

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