Silver buying tips

[Anonymous No.15413710]

Got my first normie core job and i am now proud to say that im technically lower middle class. Ive been saving a ton of money and i want to buy silver. Why?

>best case
Im right and the markets are going to tank and ill dubble my money in five years

>worst case
I have protected my money somewhat against inflation and can sit on it for decades looking for the right time to sell and get better returns then it would sitting in the bank.

Im a complete newbie and i want to know everything you know about buying and selling silver. Plz halp.

[Anonymous No.15413758]

>>15413710
google ways to buy at spot. A lot of the large online retailers will sell you ten one ounce coins or ten ounce bars at spot. You usually can't buy for less than spot so use those deals to start, you can probably get 30-50 ounces that way

[Anonymous No.15413978]

>>15413758
different guy, but who specifically does that? I can't find anybody selling 1-oz coins at spot

[Anonymous No.15413999]

>>15413978
JM Bullion does it

[Anonymous No.15414004]

>>15413978
There are sites that have like a first-time buyer starter deal. Jmbullion, silvergoldbull, some other ones, google it.

[Anonymous No.15414019]

>>15413710
Don't by PM stock, if in store make sure you check to see if they have fees. I just payed $66 for 3 tarnished silver coins when the real total was 60.60 they promised to refund me if I payed in cash.

[Anonymous No.15414044]

>>15413978
starter packs, all the sites have one
you can only get one though

[Anonymous No.15414059]

I don't know anything about selling

[Schiff Will Win !!L6zziHG8/KZ No.15414079]

>>15413710
Buy 500oz monsterboxes on sdbullion, best bang for your buck. Year coins under trump admin will hold premium value and meme value.
Or just buy big ass bars for max silver for your fiat.
And buy some gold too

[Anonymous No.15414087]

>>15413710
It’s not going to be decades.

[Anonymous No.15414091]

>>15413999
>>15414004
>>15414044
thanks anons I'm checking em out. Thinking I'll grab a couple tubes of silver eagles and a thing of junk silver. jmbullion and silvergoldbull are reputable?

[Anonymous No.15414107]

>>15414091
Don’t buy eagles no sense in paying the premium. You’re after the silver and silver is silver. Buy generic and closest to spot as possible. Check out coinflation.com and see if you’re getting a good deal. Best of luck.

[Anonymous No.15414190]

>>15414091
They are, JM bullion, provident metals, monument metals all have 10 oz starter packs, another one has a 5 oz but I forget the name, AMPEX and silver.com might have something too

[Anonymous No.15414306]

>>15414107
I disagree entirely. Silver Eagles are extremely recognizable and much easier to validate as authentic as an amateur than some generic buffalo round with no mint mark.

ASE = can be traded to anyone
Generic = only trade at a coin dealer.

That's why it's worth the premium.

t. Used to just buy cheap generic crap that looks like every scam bar on Ebay.

[Anonymous No.15414376]

1) Spread out your purchases.

Kind of how stock purchasing works, you don't want to go all in all at once. You want to have opportunities to lower your average price per ounce on your silver as a whole.

Maybe every paycheck, buy so and so amount of oz and keep track of your average per ounce. Imagine being the idiot who spent his savings in 2011 on silver @ $50/ounce all at once.

2) Buy bars

Coins have an upcharge and you're buying the design/year/condition of the coin AND the silver itself. No doubt silver sellers make more margin on coins because they're in higher demand and not everyone is some rich boomer buying $1000 per order.

Bars are essentially buying in bulk and let you get as close to spot price as you can get and this is how you'll get the better deals.

Buying designer coins and whatever is a good hobby but it isn't wise investing. Keep the core of what you're doing at bars and if you REALLY like a coin, buy it.

side note: There's less surface area on bars to get tarnished.

3) Don't larp

You already have a good mindset. Silver is a good insurance against economic failure. It won't magically become THE currency if every nation's economy falls at once. In reality, it'll be a barter economy until new nations are founded and they birth new economies etc. etc.

It's just one asset among many that are worth money but it is a great reliable asset.

[Schiff Will Win !!L6zziHG8/KZ No.15414394]

>>15414376

[Anonymous No.15414406]

>>15414394
?

[Anonymous No.15414423]

>>15414376
Bars are the exit scam of precious metals. Buy government issued coins only.

[Anonymous No.15414427]

If I trade some gold for silver would I technically be required to pay cap gains tax on the value of the gold I "sell".

[Anonymous No.15414435]

>>15414306
Chinese scanners don't dare to counterfiat government coins like maple leafs or liberties, but have no problem making fake bars and rounds. Even if you don't buy fake stuff yourself, no one will trust your silver when you try to sell it.

[Anonymous No.15414439]

>>15414423
>>15414435

>hurr durr buy bars second hand and not straight from established reputable dealers

are you actually fucking dumb? Yeah, don't buy FUCKING BARS off of Ebay, Facebook, or your buddy's sketchy hispanic friend.

[Anonymous No.15414448]

>>15414439
So you are admitting nobody is going to buy your bars from you then? Why should anyone trust you when you try to sell your ugly shit logs?

Just admit it, you fucked up.

[Anonymous No.15414451]

>>15413710
>i am now proud to say that im technically lower middle class
middle class is the new working class, nothing to be proud of anon

[Anonymous No.15414463]

When you buy tubes of bullion coins, you pay BARELY above spot, and you get actual government backed legal tender that is recognizable world wide.

When you buy larpy viking silver bars, nobody will trust it without doing weird chemistry tests or drilling into it when you go to sell it.

[Anonymous No.15414472]

>>15414435
forgot to mention this. Silver and gold eagles are marked in denominations of $1 and $50, making them "legal tender". Counterfeiting US Legal Tender gets the Secret Service investigating.

[Anonymous No.15414476]

>>15414406
>he doesn't know

[Anonymous No.15414483]

>>15414472
Literally look up silver eagle on alibaba or aliexpress

[Anonymous No.15414485]

>>15414448
>nobody is going to buy your bars from you then?

Am I going to be peddling silver on the street?
I can go to a pawn shop, a dealer, a bank, etc. Plus, bars aren't dumb antiques that need to be in plastic cases. Melt them down, drill holes in them. Who cares. Validate it all you want. It's just a fucking bar of silver. A hunk of dumb metal.

>N-no you c-can't test my 1800s silver coins! They're collectors items!!! AAAA DONT DAMAGE THE RIDGES ON THE SIDE! NOOO YOU'RE DEVALUING MY COINS

Let's do some math, retard boy.

I want to buy 100 oz of silver RIGHT NOW.

If I go to SDBullion's site and buy 100 random year Silver Eagles, I am buying it for $2063

$20.63/ounce
$1.73 over spot.

If I buy a generic no-name no-design no-year 100 oz silver bar from SDBullion, I'm buying it for $1868.95.

$18.69/oz
50 cents over spot per ounce

I just saved almost $200 FOR THE SAME AMOUNT OF SILVER.

That shit adds up, but maybe you're too low IQ to do basic math. Me on the left. You on the right.

[Anonymous No.15414490]

>>15414306
2019 Canadian Maple Leafs have no fakes as of yet. The security features have not been defeated.
2019 Eagle fakes are picture perfect and require advanced testing

[Anonymous No.15414495]

>>15414483
Looks like no one is trying to scam people with fakes
neat

[Anonymous No.15414508]

>>15414495
There's silver plated Liberties and Maples on wholesale chinese sites like Alibaba. Don't kid yourself.

Silver plating is not rocket science.

[Anonymous No.15414518]

>>15414485
mfw you are this triggered over your shit logs

[Anonymous No.15414520]

>>15414495
Fakes are all over Facebook and eBay

[Anonymous No.15414534]

>>15414518
>haha you're dumb. bars are just for idiots
>gets proven wrong with hard numbers
>h-ha y-you mad smugAnimegirl.jpg

Is this a cope?

[Anonymous No.15414552]

>>15414485
You saved $200 but lost fungibility and resale value. The coins would carry their premium so it's not money lost

[Anonymous No.15414556]

>>15414520
I imagine as a dealer it's a nightmare when people liquidate their silver all in coins, too.

>oh fuck, this guy has a few thousand silver coins and I have to test ALL of them?

vs

>You have X number of bars which are X weight with X dimensions. Checks out. The ones I was suspicious of I drilled holes in and it was still silver all the way through.

[Anonymous No.15414564]

>>15414534
You proved nothing. Saving a buck fifty per ouce is not even close to worth it for all its massive drawbacks. Nobody trusts your shit logs.

If OP really wants to buy at spot, he can buy pre-1964 junk silver, the god tier form of silver. Ultra cheap AND government issue.

[Anonymous No.15414573]

>>15414552
coin design/year/condition is only worth as much as another collector wants to give you. The only hard value retained is the actual silver weight, not some subjective autism about condition/year/design.

OP wanted to invest in silver so I told him how to do it. You want him to invest in the equivalent of model trains in your basement.

[Anonymous No.15414576]

>>15413710
>proud to say that im technically lower middle class
Kek

[Anonymous No.15414588]

>>15414556
https://www.sigmametalytics.com/

[Anonymous No.15414596]

>>15414564
>nobody trusts your shit logs

hmmm source? Or are you just coping?

[Anonymous No.15414597]

>>15414463
Come on anon, eagles are like 3.50 over spot, thats not "barely over spot" thats more like paying for 6 ounces to get 5

[Anonymous No.15414607]

>>15414597
the dude is an idiot. Don't bother.

[Anonymous No.15414641]

>>15414573
Are you actually retarted , or just pretending? You are describing numismatics not bullion coin. Nobody ever suggested buying numismatics. Pathetic strawmanning to justify your cheap ass shit logs.

[Anonymous No.15414656]

>>15414597
I buy 100 maples at a time, they are barely over spot. You can buy and sell libertads at spot at any bank in mexico. Never owned burger bullion so can't comment.

[Anonymous No.15414662]

>>15414641
>cheap ass shit logs
yeah, they are. Thanks for proving my whole point.

Enjoy your upcharges for what is literally just silver with a picture on it.

[Anonymous No.15414667]

>>15414656
>Mexico
that explains it.

I guess instead of buying lotto tickets all day, you just bought silver coins.

[Anonymous No.15414681]

>>15414662
When your ugly shit logs arrive in the mail PLEASE post pics so we can laugh at them.

[Anonymous No.15414687]

>>15414667
>I guess instead of buying lotto tickets all day, you just bought silver coins.

Holy shit dude, that diss was absolutely scathing. Why did you have to go there man? Not cool.

[Anonymous No.15414700]

>>15414681
>ugly
it's literally silver. That's all it is and all I see. It doesn't matter if it is pretty or ugly.
All that matters with this stuff is the numbers if you actually care to be INVESTING in it and not just collecting.

[Anonymous No.15414711]

>>15414508
yea but they say silber or gold plated and none of them are near the current spot price
they are selling for pennies
I just fucking looked on alibaba
prove me wrong

[Anonymous No.15414720]

>>15414520
I only checked alibaba per the retard
fuck ebay

[Anonymous No.15414754]

>>15414711
Alibaba sells wholesale, meaning vendors buy bulk from them to sell themselves.

The Alibaba listing you found is a supplier openly selling fakes to people who know they're buying fakes so they can scam people.
No one thinks that Alibaba is a retailer in silver. No one is even trying to trick anyone into thinking that. It's dudes saying "Hey, I have fake silver that you can turn around and trick people into buying".

[Anonymous No.15414764]

>>15414720
>Buy bulk fakes from Alibaba because they're a wholesale retailer on a listing outright advertising fakes
>List them on ebay and local sell sites as real

Where do you think fakes come from?

[Anonymous No.15414770]

>>15414754
>>15414764
Alright now I get what (you) are saying

[Anonymous No.15414833]

>>15414059
was looking for that image last night,
keep stacking the good stuff dudes