Looking to Buy Silver – Where to Start?

Discussion in 'Silver' started by samuelbenjamin, Apr 24, 2024.

  1. samuelbenjamin

    samuelbenjamin New Member

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    Hey everyone,

    I've been thinking about diversifying my investment portfolio, and I've got my eye on silver.

    But I'm a bit overwhelmed with where to start!

    Can anyone recommend reputable sellers or online platforms for buying silver?

    Also, what types of silver should I be looking at – coins, bars, or maybe even jewelry?

    And for those who have been in the game for a while, any tips or insights on spotting good deals or avoiding scams would be greatly appreciated.
     
  2. samuelbenjamin

    samuelbenjamin New Member

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    thanks in advance for any help
     
  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    Let the fun begin!!
     
  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    worst investment in Ag jewelry.
    It depending on your location, when come to buy and sell. If you are in UK see VAT taxes.
    Better with coins and bars in 999 form.
    Those that were in AG wishes to invest in gold.
    Good luck in your venture.
     
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Where are you located? We are having a Sydney meet this Sunday.
     
  6. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Hi and welcome…
    Basically buying for long term investment on metals is a tricky business..but highly rewarding…as long as you buy them close to spot…and mostly these are bars, not jewelleries as these hv cost of making to be included as well as dealers margins….

    good luck and happy hunting!

    PS- before you know it…you’ll turn to be like all of us! :D
     
  7. Michael Kay

    Michael Kay Active Member

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    Stick to 999 purity bars and coins and you'll be right.

    Look at the "charts" part of the site to see the spot price and a calculator helps work out how much spot price is at compared to the weight of what you are buying. Make sure you know that one ounce = 31.10 grams

    Where to buy, well you've come to the right place, use our classified section. Read a seller's reputation by clicking on their profile. I buy from here as prices are pretty good. https://www.silverstackers.com/forums/index.php?forums/australia-new-zealand-public.30/

    Depending where you live, you can find a local bullion dealer, too. Read the reviews.
     
  8. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Reputable bullion dealers are the safest way to buy. This site is mostly okay, but the occasional fake can slip through especially if it's not 999 grade.

    I believe that fake Predecimal Silver and fake 1966 Round 50c are very rare, and can be bought anywhere, even on ebay and gumtree.
     

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