Looking to Buy Silver – Where to Start?

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samuelbenjamin

New Member
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.
 
samuelbenjamin said:
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 company profiles– 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.
Click to expand...
thanks in advance for any help
 
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.
 
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
 
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.
 
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.
 
Michael Kay said:
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.psucollegian.com/furthe...cle_7f3ae5c6-2ee5-11ed-8f69-cba677c82fc1.html
Depending where you live, you can find a local bullion dealer, too. Read the reviews.
Click to expand...
thank you so much for your suggestion
 
Postage is the killer, metal is heavy and sending it in the post is expensive. Picking up in person saves money but if that is not possible, see if you can find a dealer who will let you buy small amounts at a time and only post them to you when there is enough stored up to make it worth while. Lots of postage fees soon add up.

Buy as big as you can. Premiums on large items are generally smaller than premiums on small items. You spend more money on metals and less on production costs and dealers' wages.

Expect to change your strategy as you become more familiar with what is available to you and what everyone else is doing. If people think WW3 is about to kick off you might want to buy a ton of fractional junk/constitutional silver so people can do transactions when the fiat currency is destroyed. Even if it isn't, there are plenty of people who believe it will that you will always have a market. You might want to swap between gold an silver depending on which one is readily available at a good price.

I have a lot of different items in my stacks but the one thing I am now avoiding is anything called numismatic by the mints selling them. A lot of hype and FOMO but then the next thing comes a long and they are no longer as popular. There is money to be made but you have to flip them quick or actively buy and sell them all the time. I am too lazy. I also avoid collecting series of coins, you end up buying ugly coins just to keep the collection current and most people don't want to buy a complete run of coins, if they are interested they will just be trying to fill a few gaps in their own collections. Once again you can make money but I prefer to buy and sit on the metal rather than put it to work.

Good luck
 
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