Your Questions About How To Invest In Silver

Mark asks…

Can you help me invest in silver?

I’m 18. I would personally rather help from conservatives, so all Glenn Beck haters, this question is not for you to answer. Nothing personal.

For someone new to investing, how would you recommend me going about to purchase $40.00 of silver?

I was going to buy some Medjugorje rounds but turns out you have to buy in bulk. Ugh.

Any comments suggesting I decide against investing in gold or silver will be ignored.
I actually have $80.00, I’m just cautious about making my FIRST EVER investment. If you know what I mean.

I guess I could go high to $60.00, but exactly which form of physical silver would you recommend? Some coins are certainly cooler than others, but should I buy a popular one to make sure I can trade it easier in the future? And how much more over spot price are collectables than junk silver?

John answers:

You can use apmex.com if you want to order online, and they will sell you just one coin. If you only have 40.00 then you might consider buying junk silver (circulated US coins pre 1968). You could buy dimes or quarters.

If you want to buy locally then look up gold and bullion dealers in the yellow pages. Also some pawn shops deal in precious metals.

And I love the Glenn Beck show too! I can’t wait for the new gbtv show to start.

Sorry I mean pre 1964 coins!

As far as what kind I would either go for the junk US silver or US government bullion coins (one ounce silver eagles). Or Canadian maple leafs. These are all far more instantly recognizable than rounds.

There is a lot of good advice that you would probably like, in fact years worth of reader submitted articles on survivalblog.com. On the left under categories go to economics and investing and you will find tons of articles about investing in silver there.

Susan asks…

how should i go about investing in silver?

I want to buy actual bullion. Should I buy a lot of 1 oz. bars/rounds or a few 10 oz. bars or is the no difference? Any tips will help

John answers:

The longer you wait, the higher the probability that the cost of silver is going to continue to increase… But you need to take a good look at your financial situation, you cannot possibly have a successful investment strategy in place until you know exactly what you have to work with and what you need to work toward… Guud luck! 🙂

Jenny asks…

How should I prepare for the complete collapse of the economy in America?

I realize what’s going on with the economy and the government and there is no way they can keep up the facade like everything is fine for too much longer. I’m just wondering what suggestions you had for when our dollars become worthless. Should I invest in silver? If so how can I go about doing that? I’d just like to be as prepared as I can be when everything goes downhill. Thanks for your input.

John answers:

Send me all of your cash and valuables, so that I can store them for you.

Lisa asks…

I have several questions regarding investing in silver and gold.?

Me and my family recently got into investing in silver, and plan on investing in gold when funds allow. We have 4 American Silver Eagle coins, and plan on buying more, and I have enough money for a 10 ounce bar of silver. My investment intentions are buying silver and gold to keep as insurance for whatever may happen. I’m not worried about an apocalypse as much as my own well being (my main reason for investing), but also wanting silver if I’m left homeless, the dollar dies, the American system collapses, profiting at a later date when silver and gold are higher than today, etc. so I mostly plan on keeping the silver. My questions are:

I know there are 90% silver coins (junk silver) and people recommend you buy those for things like survival, but the inconvenience of the coins not having the silver printed or being exactly 1 ounce bothers me. Should I consider buying these coins?

I plan on moving up from bullion coins to bullion bars, and I have the cash for a 10 ounce bar of silver as of right now. Should I bite the bar, and continue on buying bars as well as coins, or should I buy bars whenever I can to avoid premiums on smaller 1 ounce coins (such as the American Eagles I have, even though I have acquired them for almost exactly spot on prices)?

My current plan is buying bullion silver coins (mainly American silver eagles, unless nice suggestions are given) until these coins are enough for gold American eagle coins then enough for gold bars (mainly 10 and 100 ounces bars). Is this a smart choice, or should I work my way to gold bars by buying silver bars exclusively or a combination of silver bars/coins?

Basically I am asking how should I move up to 10 ounce and 100 ounce (maybe even 1000 ounce) gold bar and avoiding premiums. Should I get silver coins/bars exclusively, gold coins exclusively, or through a combination of these 3 options?

All help is appreciated.
I don’t know if this was clear at first, but this is a (very) long term investment. I don’t really expect to sell my gold or silver unless profits are amazing (like an earlier post mentioned, it would take many decades). My main reason for investing is security, and my ultimate goal is to store gold and silver bars. However, at the light of what a poster said, I’m considering collecting coins more now. My concerns with junk silver have not been addressed, but all help is appreciated and welcomed.

John answers:

I think – either form of silver or gold is fine. I personally do not like bars because it is hard to verify whether it is real and not fake. So many manufacturers make those bars and there are so many more of those who will fake them. If you buy bullion, – buy rounds – they have known size/diameter and it is easy to check their weight, so you may figure their density and make sure it is gold or silver or what have you. I am collecting coins, so for me it is easier to keep silver in coins. There are several advantages. 1. Silver coins are relatively cheap, therefore it is unlikely someone will waste time to fake them; 2. Numismats will find a lot of “criteria” which are specific for certain coin and will not be in fake. 3. It is liquid – bars will take more money to buy and if you must sell it – it is easier to find the person who will pay for several coins than for one bar. So it is really up to you. 4. The numismatic value of your coins will rarely go down just as much as silver may. Historically silver once fell from 80 to 2, but good coins are always good coins. Howerver they should be in good shape, like AU-55 or hight to be attractive for the buyer and to bring higher primium. Downside – silver take volume and perhaps not as easy to hide or control and gold or platinuim.
With Gold – generally same rule, except it will cost you more. Unlike silver and platinum – gold is not used in industry as much, but still can be very attractive investment. It was for couple of thousand years.
Regarding whether or not you are late for the gold and silver party – hard to say. I think if you have a very long term goal and do not want to invest more than 10-20% of whta you have in them, you will be fine. Last time gold bubble 1980 – gold went form 60 to 800 and then never went to 60, but instead stayed around 300 and with minor fluctuation rached what it is now. So, generally it took 30 years for those people who jumped in 1980 to double their money. For those people who permanently invested from 60 to 800 and continued after it dropped to 300, they have perhaps 300-400% profit if they sell now. You never know when is the ceiling and when is the bottom. Hope this helps.

Ruth asks…

Silver Market Question?

I am investing in silver. I know that the price increases when people are buying silver. But I don’t fully get it. If someone is buying the silver then someone has to be selling it at the same time. So how does the price go up?

John answers:

The price will increase when there are more buyers than sellers. The high demand will push the market price upwards. On the flip side when there are more sellers than buyers prices of Silver will drop. Silver is highly speculative but in a era of money printing and devaluations of currencies Silver prices can increase rapidly. Silver always has an industrial use but the huge fluctuations in price come from the investors who believe that it is a currency replacement or a hedge against inflation.

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