Gold & Silver Q & A

skyking · 09-18-2008, 12:28 PM

Precious Metals are not for investment - those who would be day traders will get burned very quickly. Physical metals are for preservation of wealth in the long term. I suggest you check out the following forum and read the Silver and Gold threads back at least a month or two to get a feeling for what has been going on.

http://silverbullionaires.com/simple...um/index.php#8

Because of physical shortage, the premium you will pay over the current asking price will be increasing. I DO NOT recommend buying from eBay. Find a local coin dealer to establish a relationship with, and if you can't find someone locally then I suggest using one of the online retailers like Bullion Direct, Kitco, APMEX, or my preferred dealer Tulving.

http://tulving.com/goldbull.html#silver

Be advised that most retailers have been out of stock for almost a month now and are getting stock in dribs and drabs. Keep checking back daily to find any offerings. Be prepared to keep your physical bullion at a safe location but do NOT put it in a Safe Deposit Box at the bank.

The least expensive form of these products are the Silver Bullion Rounds in 1 oz. or bars in 10 oz. and Gold Bullion in 1 oz. bars from PAMP or Credit Suisse. Coins like Canadian Maples or American Eagles are numismatic (they have currency value) and you will pay an extra premium for these. For long term investment purposes the generic bars and rounds are just fine.

My advice is worth exactly what you paid for it!

09-18-2008, 12:28 PM	#11
skyking Avalon Senior Member Join Date: Sep 2008 Location: New Hampshire Posts: 17	Re: Gold & Silver Q & A Precious Metals are not for investment - those who would be day traders will get burned very quickly. Physical metals are for preservation of wealth in the long term. I suggest you check out the following forum and read the Silver and Gold threads back at least a month or two to get a feeling for what has been going on. http://silverbullionaires.com/simple...um/index.php#8 Because of physical shortage, the premium you will pay over the current asking price will be increasing. I DO NOT recommend buying from eBay. Find a local coin dealer to establish a relationship with, and if you can't find someone locally then I suggest using one of the online retailers like Bullion Direct, Kitco, APMEX, or my preferred dealer Tulving. http://tulving.com/goldbull.html#silver Be advised that most retailers have been out of stock for almost a month now and are getting stock in dribs and drabs. Keep checking back daily to find any offerings. Be prepared to keep your physical bullion at a safe location but do NOT put it in a Safe Deposit Box at the bank. The least expensive form of these products are the Silver Bullion Rounds in 1 oz. or bars in 10 oz. and Gold Bullion in 1 oz. bars from PAMP or Credit Suisse. Coins like Canadian Maples or American Eagles are numismatic (they have currency value) and you will pay an extra premium for these. For long term investment purposes the generic bars and rounds are just fine. My advice is worth exactly what you paid for it!