Best Silver For Investment

This question is one of those that comes up at least several times a year.

You will get answers based on what others like, which is not always the best answer for everyone.

Here are some of my thoughts.

Right now silver is no where near normal lows, but not in the highs either. So it could easy go up or down from it's current price.

IMO If silver is something you want to accumulate for future investment. Then buy a little at a time, what ever the best buy is. if it goes down .. buy more.

Now which silver is best

Each state the tax laws are different, that can impact the price if your buying from coin shops. Here is Florida there is sales tax on bullion, unless you purchase more than $500.00 .. then there is no tax.(still not sure how that makes since, but that is true) But no tax on silver eagles or 90% U.S. coins.

Any silver bars, rounds, eagles or coins that you can buy from private individuals that you can buy at or less that melt would the best way to purchase silver.

It is not only necessary to know how to buy silver, but to know how it sells as well.

A coin shop will buy silver from you for less then they sell it. For example they might buy your 1oz America silver eagles at $27.00 but sell them at $32.00 each.
and they might buy your circulated Morgan dollars at $19.00 and sell them for $22.00.

So silver has to increase a good amount for you to break even.

I do think buying silver every month for long term is a good way to save money .. much better than doing nothing, which is what many Americans do ..

Thanks for the advise. Buying a little each month seems like a good approach as you would buy with the lows of the commodity markets along with your highs.

Welcome, Billmoody1952.



This topic probably belongs in a different forum, but I agree with what GR58 said. A little every month is a nice little hedge. I live in TX also and don't understand the no tax OVER $1k law, but whatever. You can occasionally find stores that will not charge you sales tax if you pay in cash and get to know the owners.

I really like ASE's too, but don't care for the big premium-per-ounce over spot that most shops charge (usually $3-$4). But they ARE about the most liquid and quality silver you'll come across. Also, you get some of that back when you sell. I also like Maples and Philharmonics, but again, they have a premium over spot. And it's hard to go wrong with 90%... oh and bars. :)

Maybe I just like all silver.

In California any numismatic purchase, either bullion or collector coins, the threshhold for tax free is $1,500.00. It was $1,000.00 until the politians decided to raise the tax free amount to get more revenue to spend on their special interests.

Ed
ANA LM-3175

personally I like junk silver. It is easiest to find at spot or very close to spot prices.

I like to mix it up a bit, some raw ASEs, some MS-69, some MS-70. Then Morgans or Peace dollars, Walking Liberty, Franklin and Kennedy halfs, etc. I like to buy online from APMEX or ebay. Many times you can get close to spot on ebay for nice raw ASEs or get an MS-70 for less than $60. Part of the fun is seeing what kind of deal you can get.

I don't buy "junk" usually on ebay, because there is not much difference in price between "junk" and nice coins. I like to have something worth collecting, in addition to the possible investment value.

I like another member's advice (I apologize, I can't remember what post) who said: "Set a budget and stick with it. Buy the best coins your budget allows."

$ cost average since silver can be volatile. Whatever gets you close to spot will be good, but a lot of people hate 80% Canadian silver (I personally like them for Numismatic reasons) so I wouldn't buy these for silver investment.

If you want to buy in substantial volume, get a brokerage account and buy a major ETF such as iShares SLV that holds the physical metal in a vault. I do that all the time with zero issues.

With that, you have full SIPC protection against fraud (covers about $250k) so if the ETF is misrepresenting itself you are covered by the feds just like FDIC insurance on a bank account.

Advantages are that you can buy/sell within a tiny fraction of spot and it's 100% liquid. Also, don't have to worry about it being stolen. Many homeowner policies don't even cover rare metals unless you have a special rider and if you have to file a home insurance claim expect to pay all of it and more back when they increase your rates. A buddy of mine had wife's wedding ring stolen and they have been nickel and dining him with high premiums ever since.