How much diversity? 10% ? How much is that?
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Thanks for the great thorough response. This gives me a lot to think about. I am going to check out a local dealer or two this week just to ask questions and will plan to do a bit more research before I jump in head first. Thanks again!How much diversity? 10% ? How much is that?
(Don't answer.)
As mentioned , too much silver becomes a portability issue.
Yes you can convert a hundred pounds of silver into gold , BUT you'll pay a premium to do so.
Which mint can factor in popularity of a round or bar. You'll see that when looking at offerings.
Silver Eagles or Maple Leafs for example.
Englehard bars ect. What about gold chains?
Are you buying to flip or sell in short term if the spot price goes up? Or simply setting on gold or silver over a long term?
If it is silver or gold , it has a spot price value. Minus a premium depending on where you try to cash it in. (iF it's actual gold or silver , it's still gold or silver . How attractive the design stamped or shaped is secondary to base value.)
Premiums are paid for the form or popularity or scarcity.
An original one off design of a fancy gold ring is going to be priced far above spot price to the right buyer. Meanwhile rings are being sold at melt value somewhere.
Follow the market a while. Study offerings.
Investing shouldn't be gambling. (Should it?)
Buying at high priced peaks in volume vs small acquisitions over time should raise question of your objective. (Unless somehow you are paying less within the above mentioned many cautions! Don't expect to do so.) Ignore the market and buy small amounts at steady intervals if growing a pile up to a certain percentage of your portfolio is the goal. Be mindful of how you are going to store and secure it.
A pile of silver rounds or one ounce bars or a hundred ounce bar?
Fractional silver like a chocolate bar you can break off a gram at a time?
Or a mix?
Visit some coin shops. Beware. But be polite and state your interest in a little tangible silver.
See what a quarter ounce gold Eagle is going for.
By checking spot prices before you go you'll see the premium between a quarter ounce blob of gold and that Eagle. Plus you can ask what the shop charges as a premium on top of what you might find a coin or round or bar valued at.
The shop might have paid more or less than todays value. But they /an individual is not going to sell at a loss. Should they?
While there ask about "junk" silver coins. What they will cost you in relation to thier face value and silver percentage?
I bought a good handfull of them at one shop. I like them for what they are. But they have an understood value too.
Rounds ect. I like a particular mint I won't mention. You'll find interest when looking over multiple mints and or sources.
When the premium is low and shipping free , I'm more interested.
Seeing silver spot today my early buys are worth far more. However I've not made any money on what just sets there. And have to keep it secure.
What if most of what I owned in precious metals was being rotated in government bonds instead?
Yes I understand bonds are far from tangible precious metal holdings.
And faith in them and thier yield variations over the years are worth studying.
As are precious metals. Good for you for considering them.
What if we'd invested heavily in platinum in 95 ? (Just an example of what metals can do.)
We'd have had a tangible metal in our hands.
What would the fluctuation in value since have done if we were looking to continue to acquire more? Or if we were waiting to sell it at a profit? Or try to compete with or outpace inflation?
(You can look at the histories of other metals too.)
Platinum spot price, Live, Historical: Platinum Price - Money Metals Exchange
Check the latest platinum prices updated every minute. Track trends in the market to make informed bullion investments. Visit Money Metals today...
Um... what if you would have invested in gold in 95 ... hehHow much diversity? 10% ? How much is that?
(Don't answer.)
As mentioned , too much silver becomes a portability issue.
Yes you can convert a hundred pounds of silver into gold , BUT you'll pay a premium to do so.
Which mint can factor in popularity of a round or bar. You'll see that when looking at offerings.
Silver Eagles or Maple Leafs for example.
Englehard bars ect. What about gold chains?
Are you buying to flip or sell in short term if the spot price goes up? Or simply setting on gold or silver over a long term?
If it is silver or gold , it has a spot price value. Minus a premium depending on where you try to cash it in. (iF it's actual gold or silver , it's still gold or silver . How attractive the design stamped or shaped is secondary to base value.)
Premiums are paid for the form or popularity or scarcity.
An original one off design of a fancy gold ring is going to be priced far above spot price to the right buyer. Meanwhile rings are being sold at melt value somewhere.
Follow the market a while. Study offerings.
Investing shouldn't be gambling. (Should it?)
Buying at high priced peaks in volume vs small acquisitions over time should raise question of your objective. (Unless somehow you are paying less within the above mentioned many cautions! Don't expect to do so.) Ignore the market and buy small amounts at steady intervals if growing a pile up to a certain percentage of your portfolio is the goal. Be mindful of how you are going to store and secure it.
A pile of silver rounds or one ounce bars or a hundred ounce bar?
Fractional silver like a chocolate bar you can break off a gram at a time?
Or a mix?
Visit some coin shops. Beware. But be polite and state your interest in a little tangible silver.
See what a quarter ounce gold Eagle is going for.
By checking spot prices before you go you'll see the premium between a quarter ounce blob of gold and that Eagle. Plus you can ask what the shop charges as a premium on top of what you might find a coin or round or bar valued at.
The shop might have paid more or less than todays value. But they /an individual is not going to sell at a loss. Should they?
While there ask about "junk" silver coins. What they will cost you in relation to thier face value and silver percentage?
I bought a good handfull of them at one shop. I like them for what they are. But they have an understood value too.
Rounds ect. I like a particular mint I won't mention. You'll find interest when looking over multiple mints and or sources.
When the premium is low and shipping free , I'm more interested.
Seeing silver spot today my early buys are worth far more. However I've not made any money on what just sets there. And have to keep it secure.
What if most of what I owned in precious metals was being rotated in government bonds instead?
Yes I understand bonds are far from tangible precious metal holdings.
And faith in them and thier yield variations over the years are worth studying.
As are precious metals. Good for you for considering them.
What if we'd invested heavily in platinum in 95 ? (Just an example of what metals can do.)
We'd have had a tangible metal in our hands.
What would the fluctuation in value since have done if we were looking to continue to acquire more? Or if we were waiting to sell it at a profit? Or try to compete with or outpace inflation?
(You can look at the histories of other metals too.)
Platinum spot price, Live, Historical: Platinum Price - Money Metals Exchange
Check the latest platinum prices updated every minute. Track trends in the market to make informed bullion investments. Visit Money Metals today...
A co-worker years ago asked what to invest in. (This when I wouldn't have had a dollar to invest.)
