I want to get into silver..

[keh10]

I justify purchasing eagles and maples by knowing that while I'm paying a higher premium, I will also be able to sell at a higher premium. The basic reasoning is that there is higher recognition and demand for these products throughout the market and therefore easier to sell/buy. But my all time favorite coin is the Sunshine Mint 1 oz. round. It has a slightly lower premium and is a trustworthy product imo.

http://www.apmex.com/Product/55208/1_oz_Silver_Rounds_999_Fine___Sunshine_Minting_.aspx

Oh, and they look good too

 

[hod928]

ok, been doing a little reading and looking on the internet...So far this is what ive come up with.

Downloaded silver price apps, and Junk Coin Silver app for my phone.
Provident Metals seems to be the best shipping wise for the little amount i wanna buy at a time at only 6$ to ship. But i think what im gonna do is set aside an extra 25$ a week, then at the end of the month take my 100$ and buy an order from provident Metals.

Ive also decided to put a few hundred dollars into my paypal account to fool around with on ebay. im gonna take into perspective the price of the silver in the coin +shipping and keep my bid as close to spot price, maybe 1$ more then spot. If someone out bids me i move on. im only gonna use ebay to try scoring some good deals.

What would you guys say is a good Over spot/ amount of silver valve in a junk coin price?


Thanks again to all who has helped. im trying to get myself as prepared with as much knowledge as possible. As soon as i walk into a LCS or a Pawn shop and the person behind the counter sees what im after there gonna get a huge grin and think "Lets see how much i can rip this kid off for"

to be 100% honest im very happy ive chosen this route over say investing in stocks. I hope im not being young and dumb about making this move, But i wanna invest for my future today, and not wait until tomorrow. im excited to see my collection grow in time and am really hoping this pays off when im 60 haha. Or better yet right before i go to college in august next year!

 

[nejar462]

You want a balance of PMs, REITs and stocks imho. Bonds would be good to have too but we live in very inflationary times right now so I'd avoid them until the world comes to its senses. In investing diversification and time averaged investing is the key, it will protect you from the fluctuations of price movements. Of course you can have more direct investments like farmland, a small business, and/or rental properties too. There is a universe of investments available.