There are many pitfalls to face when deciding what and where to buy your silver and gold for investment or survival purposes. It's easy to fall prey to fast-talking sales people and radio, tv, and internet hustlers. Based on my personal buying experiences, and thousands of hours spent researching the topic, I can offer some easy and quick advice to avoid getting cheated out of your valuable precious metal funds.1. Gainesville Coins www.gainesvillecoins.com
The National Inflation Association (NIA) http://inflation.us/ has rated this vendor number #1 for bullion sales. I've bought gold and silver American Eagles from them by wire at very competitive prices and received a flawless product promptly. Rick's Recommendation: Stick with the Gold and Silver American Eagle coins. Avoid foreign coins like the plague. Americans don't like foreign languages and the precious metal content isn't always indicated.
2. APMEX APMEX Gold and Silver
I like APMEX for their "junk silver" pre-1965 90% silver coin selection. Rick's Recommendation: Stock up on the 90% junk silver. Avoid the 40% clads, war nickels, and proof sets. Competitive prices and good products.
3. Ebay www.ebay.com
What can I say that hasn't already been said? You can get some deals here on junk silver and gold & silver bullion if you're willing to invest the time in locating auctions and being disciplined about your bidding. Make sure to check the seller's rating and look for 100% positive responses whenever possible. Rick's Recommendation: Use the Coinflation.com silver and gold calculator to determine how much you should bid on bullion and junk coins and stick to your guns.
BEWARE: Hyped companies like Goldline International www.goldline.com are targeted to those new to silver and gold purchasing, as well as those who fear another government gold confiscation as happened in 1933. Sales people encourage customers to buy foreign gold coins as "collector items" at prices that are substantially higher than other online competitors. All those radio, TV, and internet ads cost a bundle, and the company's pricing seems to reflect these inflated costs.
Rick's Recommendation: Steer clear of all foreign and collector's coins. They're just code words for spending a lot of money for less precious metal and/or coins that will be difficult to trade. The same thing goes for brilliant uncirculated BU coins, proof sets, first strikes etc. Unfortunately, the Goldline website seems to cater to all these questionable investments to the virtual exclusion of production gold and silver American Eagles.
Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):
Rick
Note: I own gold and silver coins purchased from Gainesville, APMEX, and Ebay. My article is based on my purchasing experiences, and your mileage may vary. The bottom line is DO YOUR OWN RESEARCH AND DUE DILIGENCE BEFORE BUYING ANY GOLD AND SILVER! Do NOT just take my word, or the word of anyone else, as Gospel when making any investment decision.
I am new to buying silver, in fact I have NOT started. I am only hearing about the wonderful deal silver currently is. Could you be more specific about buying it. Should I be taking say 1/2 my normal monthly savings and putting it towards silver? I have some funds that are invested in Gold, does this mean it is still actual gold or backed by gold? And, can buying silver really be as easy as simply by the 90% old coins? Thank you so much for any information. I found you on your YouTube video.
ReplyDeleteThanks for your question! Welcome to the world of silver! I would say your suggestion of putting 50% of your monthly savings in silver is a good one. Many experts see silver going to a minimum of $30 within the next year. Many of these same experts are also recommending physical silver acquisitions before any "paper" silver is purchased. Paper precious metal investments like GLD and SLV are two examples of ETF's allegedly backed by silver & gold. I use the word allegedly since these funds refuse to submit to independent audits to verify their precious metal holdings. I find this type of conduct very suspicious, to say the least. Personally, in the world of paper silver and gold, I prefer AMEX:CEF. This close-ended Canadian fund has been in business since 1961, and is independently audited twice per year to confirm reserves.
ReplyDeletePhysical silver can be easily purchased in any quantity through ebay. I prefer 90% pre-1965 "junk silver" dimes, quarters, and halves. Review the auctions and check coinflation.com to discover how high you should bid for these old US silver coins. If interested, I have other articles on my blog which will give you more information, or just check out my other Youtube videos. You can also purchase American Silver Eagles if you wish on ebay, or from Gainesville Coins or APMEX. Be sure you purchase the uncirculated bullion coins, and not any high-priced first strikes or proofs that cost more but don't give you any more silver content.
As always, do your own due diligence before making any investment. Never take anyone's word, even mine, as Gospel.
Good luck!
Rick
You mentioned above "Rick's Recommendation: Steer clear of all foreign and collector's coins."
ReplyDeleteDoes that mean Gold Canadians and American coins only? Or can I buy the Credit Suisse and Perth Mint Gold by the grams. I kinda like how they are encased in their own tamper proof Assay Certificate credit card-like thingy.
As long as times are normal and you're trading with highly informed buyers then feel free to buy foreign bullion and coins. My concern is a collapse of the US dollar. Americans will get a crash course on American and even Canadian silver and gold coins. However, will your black market or neighborhood trading partner understand just what the heck a Credit Suisse bullion product is?
ReplyDeletehello there from Ireland - should I import american silver - really appreciate your site and input -blessings to you and yours - charlie
ReplyDeleteGenerally, I recommend that you buy silver coins from your home country. I know there are old Irish coins that were made from an alloy that included silver.
ReplyDeleteHi
ReplyDeleteI'm in the UK, am wanting to start buying some silver, I have found some good Silver/Gold sites online situated in Guernsey, Channel islands offshore from the UK mainland, they sell the American Silver Eagles the 1804 Liberty Dollar as well as other popular coins, you recommended the Irish person buy coins from his own country, would the American Silver Eagles be a good coin for me to buy in the UK ? for a hyperinflation scenario...if not do you know of any good British Silver coins I should buy, silver does seem to be quite hard to buy in the UK itself.
cheers Phill
American Silver Eagles are the best selling silver bullion coins in the world. Investing in them is a safe decision, especially if local silver coinage is difficult to obtain.
ReplyDeleteThx for the info, ....Phill
ReplyDeleteDoes your daughter have a boyfriend? If not, is she cool with meeting a Minnesotan? It seems like she has high family values doing your vids with you and she is very very pretty. You couldn't dream of finding someone like the that around here.
ReplyDeleteMy email address is waterforthefis@gmail.com
ReplyDelete