Buying Silver Bullion - Today"s Market
Buying silver bullion in today's market is as simple as finding a local or online dealer and placing an order.
Your biggest obstacle will be finding the best price for your money.
These dealers know that there is a set value on silver and other precious metals called "spot price".
They can charge almost whatever price over spot they like as long as you are willing to pay it.
Your job as the investor is to shop around so you can start buying silver bullion at the best price possible.
The first thing I would do before I start buying silver bullion is do an online search for the most resent spot price on silver.
If you receive the daily news paper then check the business section for the stock market listings.
There are varying levels of purity in silver bullion coins and bars.
The spot price of silver is measured by silver being at 999.
99% purity.
Make sure you know what level of purity you are buying silver bullion at.
Not all coins are pure silver.
Some of the older American coins are only 90% silver.
Coins like the 1965 to 1969 Kennedy Half Dollar are only 40% silver.
Some coins that come from places like china and other south east countries maybe fake.
These fake silver coins or silver bullion will find their way to PCGS, NGC, ANACS and other grading services.
Your best possible recourse is to ask as many questions as you can before you buy.
I personally have a few fake silver coins.
It makes it easy for me to compare to the real thing.
If you are trying to find a deal on silver and end up in the flea market, remember this is a great place for deals but most of your fake silver coins can be found here as well.
Shopping here is a double edgedsward and should be handled with caution.
In my own opinion, buying silver bullion in the form of bars or rounds in the long run is best.
The popular coins like Silver Eagles, Canadian Maple Leaf, Morgan and Peace Dollars are just that "Popular" in the end they will only be worth their weight in silver.
The same rule applies to silver jewelry.
The mark up on jewelry is too high for investment purposes.
You are most likely paying for the artistic value and maybe brand recognition.
When you try to sell it off, you will only get what it is worth by the weight and purity of the silver content.
Like any investment, buying silver bullion is not 100% guaranteed to be the safest bet in today's market place.
In fact there is no surefire way to invest your money and finish on top.
There are just a lot of varying possibilities that are worth looking into.
Some will pay and some will lose.
The ones with the best performance history like silver have a better chance of doing well.
The one thing you must keep in mind is that in order to win the game you must be in the game.
So find a good price and get started!
Your biggest obstacle will be finding the best price for your money.
These dealers know that there is a set value on silver and other precious metals called "spot price".
They can charge almost whatever price over spot they like as long as you are willing to pay it.
Your job as the investor is to shop around so you can start buying silver bullion at the best price possible.
The first thing I would do before I start buying silver bullion is do an online search for the most resent spot price on silver.
If you receive the daily news paper then check the business section for the stock market listings.
There are varying levels of purity in silver bullion coins and bars.
The spot price of silver is measured by silver being at 999.
99% purity.
Make sure you know what level of purity you are buying silver bullion at.
Not all coins are pure silver.
Some of the older American coins are only 90% silver.
Coins like the 1965 to 1969 Kennedy Half Dollar are only 40% silver.
Some coins that come from places like china and other south east countries maybe fake.
These fake silver coins or silver bullion will find their way to PCGS, NGC, ANACS and other grading services.
Your best possible recourse is to ask as many questions as you can before you buy.
I personally have a few fake silver coins.
It makes it easy for me to compare to the real thing.
If you are trying to find a deal on silver and end up in the flea market, remember this is a great place for deals but most of your fake silver coins can be found here as well.
Shopping here is a double edgedsward and should be handled with caution.
In my own opinion, buying silver bullion in the form of bars or rounds in the long run is best.
The popular coins like Silver Eagles, Canadian Maple Leaf, Morgan and Peace Dollars are just that "Popular" in the end they will only be worth their weight in silver.
The same rule applies to silver jewelry.
The mark up on jewelry is too high for investment purposes.
You are most likely paying for the artistic value and maybe brand recognition.
When you try to sell it off, you will only get what it is worth by the weight and purity of the silver content.
Like any investment, buying silver bullion is not 100% guaranteed to be the safest bet in today's market place.
In fact there is no surefire way to invest your money and finish on top.
There are just a lot of varying possibilities that are worth looking into.
Some will pay and some will lose.
The ones with the best performance history like silver have a better chance of doing well.
The one thing you must keep in mind is that in order to win the game you must be in the game.
So find a good price and get started!
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