HI guys, I'm brand new to silver but after some very extensive (you tube education) about 80 hr's so the missus reckons on fiat monetary policies and finally precious metals investing it's fair to say i'm as keen as they come but I would like to make as few mistakes as possible along this path just last night I brought my first bit of bullion last night a 1KG OPM bar my theory is to tray and stay as close to spot as possible so I have less premium to make up I would like to know what people think about OPM or if i'm on the right track or if I should be thinking a different way thanks in advance.
Welcome matey. You'll get all sorts of views from all sorts of people. More often than not they're spot on (no pun intended). Study the 100 year price chart on silver and do so when sober
What country are you from and what is your name? Welcome Aussie Matt The metals are low in price now, so buy and then relax. Look at investing in other stuff if the price starts to rise, IMO.
Because metals are low in price doesn't mean they can't go lower. No offence to my above friend, but just putting it out there. And think twice before giving too much personal information. This forum is open slather to the entire planet.
Cheers guys sound advice i'm sure was called away im at work doing the night shift will check check out your vid as well oz copper cheers.
Sorry guys Another question douse it matter which bullion bars you buy when it liquidating selling them back to a dealer.
I would think that the premium you pay now for some bars over others will be the premium you will receive when you go to sell. In other words, it will make no difference which bar you buy. You pay ten bucks more now to get 10 bucks more later. These aren't collectables...they are stackables. If silver does reach $150 for example, your bar will be around $4500. This may prove harder to sell than you may first think. This is why many like the 10oz bar. You should also consider unallocated from one of the major bullion dealers. It is safer and easier to transact. If you end up with a lot of bullion at home, you are at risk of being targeted as it will soon become obvious that you have some to sell. Best of luck
Learn to use punctuation marks. Welcome. If you have little $$ then low premium is the way to go. I suggest Goldstackers Unallocated as the best method from my experience. And as as far as the missus goes - shouldn't she be washing or something?
All OPM metals are a great buy if you like the look of that bar (i do) then keep on buying it. You can get kg perth mint bars for around the same price as the opm, they are more easily tradable because everyone knows perth mint stuff. But silver is silver and buy whatever will keep you stacking.
cheers I do like the OPM stuff, but i was a little worried about moving it later on I think the OPM stuff will get more popular in time because its great looking silver plus the best prices I can find.
Some of my favorite post were from Mike Maloney , even though he is a "bullion seller". He comes across as being very truthful in what he is saying and he believes what he is saying is correct. I think everyone should start with his series about the "history of money" and fiat, and once that is understood continue down path and try to educate them selves as much as possible.
The "history of money" series is excellent. It should be compulsory viewing for all high school students IMO.