Precious Metals and about buying Precious Metals
Silver price action and direction
Do buy Silver- buy 5 oz plus a month and hold
Do pay up to 7% over spot for your bullion
Do shop around for bullion; prices are competitive, watch out for sales tax, shipping could cover it.
Do store it yourself; trust a relative before you trust a “Silver Storage Facility”
Beware of long shipping times, store could take your money and run.
Beware of Coin shops shipping over a week.
Never buy silver certificates, futures, or from an MLM. If you get a commission from friends and family, you are ripping them and yourself off.
Never buy leveraged Silver products
Never buy from TV adds
Never buy from Major Trading houses that might have short positions
Never buy coins with numismatic premiums (rare coins)
Never buy silver ETF’s, they are not insured and not audited or auditable.
Never buy a “pool account” of Unallocated Silver – Warehousing companies bankrupt.
Do not buy high premium coins – like silver eagles’ premium price is too high.
Do not follow any ones advice. Do your own research.
