How To Buy Silver

Frequently Asked Questions

1. QUESTION:
   How can I buy silver coins or bullion a little at a time?
   I would like to buy 1 oz of silver every two weeks when I get paid. Is there a website that would set this up for me and set aside the silver or mail it to me? If I can't find one, does that mean I have to keep going back to coin dealers or flea markets to buy my silver. An ideal situation would be to have automatic payments withdrawn form my bank account or paypal and to have the silver purchased.

   • ANSWER:
     Look at bulliondirect.com. I have an account there. Never had a problem with them. You can buy directly from them, and also they have an exchange were you can buy from others through them. You can keep your bullion there (it's in Texas) or have it shipped for you.

     However, one advantage of keeping it there is it is liquid because you can sell it on their exchange. They charge about a 1% commission fee for exchange transactions.

2. QUESTION:
   How do you buy physical silver?
   I've been following the latest trend in buying silver to bury JP Morgan but my only question is. How do you buy silver from JP Morgan? It's not like there's a silver store around the corner and I can't find a legit link anywhere. Can someone help please?

   • ANSWER:
     If you live near any major cities, their are plenty of coin stores. Usually you can buy pure silver bars directly from them.

3. QUESTION:
   Where can I buy silver catalyst and for how much?
   I need to buy some silver catalyst on its natural solid form. I have no clue where to find it or how much it will cost so if somebody could help that would be great.

   • ANSWER:
     As you don't tell us which of the 25 Answers countries you are in, this is difficult to answer without suggesting trying eBay. I will be reasonably expensive as silver itself is expensive.

4. QUESTION:
   Is it better to buy silver made in different years?
   I want to buy some silver round. They came in different years at different prices. How do I make it a better investment? Buy them made in a certain year or different years? Thank you for any suggestion.

   • ANSWER:
     buy the least expensive silver you can find. Might think about silver dimes, quarters, and halves. If worse comes to worse you will have something that will be accepted in exchange for food. Might be able to exchange a silver dime for a steak dinner.

5. QUESTION:
   what's all this talk about buying gold and silver and how and where do I buy these?
   Do I buy these in physical form? I don't really want that. It does not appeal to me. Are these for sale as a stock? I'd rather buy these in non-physical forms. I still don't get the whole thing about buying silver and buying gold? Who uses these anyway? Well gold is for luxury items, isn't it? Silver is for what exactly again?

   • ANSWER:
     Buy the SLV - silver, and GLD - gold eft's. Silver, as well as gold is an excellent conductor of electricity. So both of these are used in small amounts in your computer, as well as other electonic equipment. Silver is also used in film.

     The only reason you don't have gold or silver wiring (as opposed to copper), in your home, is because it is too expensive.

6. QUESTION:
   What is the best way to buy silver at the best price?
   I'm looking to invest some of my money in silver and I would like to know how i can get it at the best price I'm thinking just bars and rounds. Thanks in advance everyone.

   • ANSWER:
     There are many reputable online dealers with good prices. I recommend you check out a price comparison site like http://CoinInferno.com Just scroll down and click on "Silver Round." It'll list current prices from several online dealers.

     You'll see that APMEX has one of the lowest prices listed. They are running a special on their silver rounds right now, only over spot. It's only a 24 hour sale, so there isn't much time left. In fact, I'm considering buying a couple of rolls from them today.

     Stay away from collectable (numismatics) coins. They carry a heavy premium over the metal's spot price. You shouldn't pay more than about 5% over spot. And if you want to sell later, you can get about 5% over spot back out of them on eBay, or a couple percent over from some dealers.

     I'd also advise not buying exchange traded funds (like SLV). That's just another piece of paper.

7. QUESTION:
   How do you buy silver as an investment?
   I would like to buy some gold and silver as an investment, but I don't know where to start. Where would I go to buy some coins at a fair price, and what do i buy? mint? uncirculated coins? When I sell them, can I just exchange it for cash? thanks

   • ANSWER:
     I think the price is too high from here. Sadly, i had a short on slv in the high 18's and my buy to cover was set for 18.02. i missed out on a lot of downside on my short. I'm assuming your looking for physical silver, as in ounce coins? i used to get one a year with my Dad when I was younger. Typically for 7-8$ each. Won't buy at these levels.
     look for a local coin shop that offers competitive prices compared to the spot value of the given market. look to pay a little above the going rate for an oz of each.

     You could POSSIBLY sell them to a local coin shop for a discount to the given spot price. They are not that easy to just swap out for cash. the price and even what price someone want them for would hihgly fluctuate.

     I would keep an eye on gld or slv for the stock market, I wouldn't buy the paper security though, for the price of physical. Although, selling the gld or slv would be easier online than a sale of physical, in my opinion.

8. QUESTION:
   how and where can a foreigner buy silver in china?
   The Chinese government has been encouraging its citizens to buy gold and silver after it had been banned for some time. I'm Korean and I was wondering if there were any mainland Chinese who knew how non-Chinese could buy silver and have it mailed to Korea, or anywhere else for that matter.

   • ANSWER:
     3 Sep 2009 ... Apparently China is pushing the idea of buying gold and silver for ... by the Shanghai Gold Exchange...and also the first foreigner in history to .... Gold/silver will rise. I suggest that you buy whatever you can spend

9. QUESTION:
   How can I persuade people to buy pure silver? (its a science project!)?
   this is a science project about the periodic table of elements.. my goal is to persuade people to buy silver. What can i tell them so i can persuade them to buy silver? i have researched this element throughly but i need HELP! any help would help me alot! THANX!!

   • ANSWER:
     Tell them it is a good long-term investment - like buying gold, it isn't subject to as much risk as stocks, savings, real estate, etc.

10. QUESTION:
    How can I buy silver investment coins below spot price?
    Is there a legitimate way to purchase silver investment coins like American Silver Eagles cheaper than the spot price?

    Thank you!

    • ANSWER:
      Dealers in my area are paying one dollar above spot for American Silver Eagles. On eBay, they sell for one to several dollars above spot. They sell at a premium. You will not find them below spot unless you stumble upon a seller who doesn't know the current value - who doesn't know what they have.

      You may be able to get 90%, 40% or 35% (war nickels) silver coins on eBay for right around spot, plus whatever the shipping costs. At most estate auctions I've been to, people go crazy-nuts and pay too much. I buy the 'sleepers', the things most folks know little or nothing about. Not knowing what they have in front of them, they shy away from it. For example, I recently picked up a lot of mixed world coins that had a '60s Canada silver dollar (what they were all bidding on), but it also had an 1895 Mexico 8 reales that several people were positive was fake because of the dark patina (it's genuine) and a 1.25 ounce .999 silver commemorative that everyone thought was pewter because of the antique finish (that does look like pewter). That one piece alone was worth more than what I paid for the lot. I took home over 0 worth of silver for , and the other foreign coins were a bonus.

      So that's what I recommend. Be an informed bidder at the estate auctions and you'll get some bargains.

11. QUESTION:
    How can I buy Silver ETFs?
    I would like to buy Silver on the stock market, using Exchange-Traded Funds.
    Where can these be bought? From a stockbroker or online?
    Any advice would be appreciated.

    • ANSWER:
      You can buy the ETF for silver. The ticker symbol is SLV. I would strongly suggest that you not invest in the ETF unless its in an IRA. If its a standard investment outside an IRA then I strongly suggest that you buy silver and take personal delivery of it. We are seeing a banking collapse. Holding the real tangable silver is the best way to store wealth. As people flock to silver and gold to hedge against inflation and a collapsing economy those that are holding the real thing an not paper assets will be in better shape. To buy the real thing contact Monex. Ive been using them and Im happy with them.

12. QUESTION:
    What is the Best Form in which to buy Silver Coins?
    And how much over the price of silver should you pay for a silver coin?

    • ANSWER:
      You can select a few well established and reputable local or online coin dealers to compare prices and do your shopping there. The price range of older silver coins may vary greatly, it basically depends on the rarity and condition of a particular mint. You may check US Mint's official website to see a list of prices for the new coins.

      http://www.usmint.gov/

13. QUESTION:
    What is above Best Buy Silver Premier Rewards?
    I am a member fo the best buy rewards program. i was waondering how many point and or money i have to spend there to be upgraded to the next level of rewards?

    • ANSWER:
      As of now there is no level above a Reward Zone Silver Membership.

14. QUESTION:
    Would it crash JP Morgan if people buy silver?
    I hear that JP Morgan have been selling more silver than they own so to suppress the price of real money.
    How do they get away with it?

    • ANSWER:

15. QUESTION:
    where can i buy silver sensor antennas?
    i just bought the converter box today and a lot of my stations aren't getting a lot of signal so would i buy a silver sensor antenna to make it better? and where can i buy it and for how much?

    • ANSWER:

16. QUESTION:
    How do I buy silver bullion?
    I'd like to buy either bullion or coins to hedge against inflation.

    • ANSWER:
      One of the best places is http://www.apmex.com You can also try ebay,which sells for a little bit more.

17. QUESTION:
    Where can you buy silver earrings in new york city?
    I want to get silver earrings like these
    http://www.pollardsjewellers.co.uk/_images/categories/21silver_earrings.jpg
    Anyone know a store in new york city that sells them?
    And not too expensive please.
    If you can give me name, address of store,and around how much it would cost, that'll be much appreciated

    Thanks

    • ANSWER:
      I saw something similar in Loehmanns by Argento Vivo for about 10 bucks, sterling silver.

18. QUESTION:
    How do you buy silver?
    If I wanted to buy and hold sivler what are my options?

    • ANSWER:
      There is plenty of Silver on ebay. Just remember to check the daily spot price before logging on and keep in mind underlying numismatic value before you bid.

19. QUESTION:
    is it a gut time to buy Silver or it will decline further in future?
    is it a gut time to buy Silver or it will decline further in future ..what is your outlook.
    How is the forecast of silver any different from gold what about crude , and other precious metals.
    your 2 cents of outlook always appreciated.
    @Lacey Au is High but Ag came came down. I wonder whose demand will be more
    @ Tom : Of course right here in the US of A

    • ANSWER:
      Its tough to say. It really depends upon which countries currency you are buying your silver in.

20. QUESTION:
    I ask,before, How do I buy silver or gold?
    I'd like to have coins or bars,,, not just a peace of paper, saying I own something,, as I understand it, Gold is something like 00 an oz. now, As everybody, I'd like to buy it at what it's worth, Not making somebody a pocket full....

    • ANSWER:
      You can go to a reputable coin dealer in your city, they have gold coins for sale.

21. QUESTION:
    How to buy silver on paper(non physical)?
    This is related to investment on SILVER

    • ANSWER:

22. QUESTION:
    How to buy silver...?
    I'm interested to invest into silver. All precious metals are raising at the moment because US Currency is weakening and gold/silver and other will keep raising. What to you recommend for beginner silver buyer/investor? Where to buy? I live in Europe.

    • ANSWER:
      scottsdale silver is a good place and safe to buy silver.

23. QUESTION:
    where is the best place to buy silver coins online?
    also how much over spot should I be paying for one round of silver

    • ANSWER:
      Kitco

      https://online.kitco.com/bullion/completelist.html

24. QUESTION:
    How can I buy silver (approx 20 Oz.), here in the U.S.A? Is there a way to track its current price? Thank you
    I would like to diversify my investments and add silver to it.

    • ANSWER:
      You may want to consider purchasing shares in an exchange traded fund (traded on the stock market) that buys silver (ticker symbol SLV). This way, you don't have to worry about storing it (or theft), and you can always sell it for market value (as opposed to trying to sell to a dealer, or on ebay).

25. QUESTION:
    where can i buy silver friendship rings?
    for 3 people, unisex and about how much money do u think i would have to spend?

    • ANSWER:
      wheres the mash potatoes.... idk

26. QUESTION:
    Where can I buy silver frosting? Ive seen them use it on like wedding cakes...where can i buy it or make it..?
    ....my parents 25 ann. is coming up. I want to make chocolate covered strawberry and with that silver stuff i want to put the number 25 on it.
    how can i do that, ive seen that silver frosting or eatable dust on the food network were they are having wedding cake competitions and that kind of stuff. thank u in advance.

    • ANSWER:
      Actually, Michael's craft store has a ton of baking items including neat colors including silver and gold. If you don't have a Michael's near you, many other craft store also carry baking goods! Good luck!

27. QUESTION:
    Buy silver from RBI and further specifications.?
    How to buy silver from RBI?

    • ANSWER:
      A better question might be "Why would ANYONE want to buy silver at all?"

      Here's a graph showing the "inflation-adjusted value" of silver for the last SIX HUNDRED YEARS:

      http://www.sharelynx.com/chartsfixed/600yearsilver.gif

      Why would ANYONE want to buy it?

28. QUESTION:
    What color Ipod to buy? Silver or Black?
    I don't really care about the color but I wondering how the different colors old up. I'm looking at the 80gb one.

    • ANSWER:
      what color is your hair. BLACK

29. QUESTION:
    How can I polish silver with stuff I have around the house?
    I've seen something about using baking soda and lemon juice but it's not working. I have one tarnished Christmas ornament. Is there anything I can do with baking soda, vinegar, borax, lemon juice, salt, or anything like that so I don't have to buy silver polish?

    • ANSWER:
      Toothpaste cleans silver. Don't recommend baking soda, scratches silver. Lemon juice and salt work on brass. I'll bring the champagne/beer, my silver things and silver polish - we'll have a polishing party.

30. QUESTION:
    how do i clean a badly tarnished silver-plated bowl with ordinary household items?
    it's a thrift store find, and i don't want to go out & buy silver cleaner or anything. i was wondering if there's a "home remedy" like toothpaste or baking soda or something. it's about 6" across, pretty small.
    any ideas?
    thanks!
    the natural patina is solid black!
    it's been that way for a few years, i'm thinking i wanna see it shiney now.

    • ANSWER:
      Try lemon juice and bi-carb mixed together - oh and lots of elbow grease!!! x

31. QUESTION:
    Where in the UK can I buy silver/pale pink hair dye?
    I want to dye my hair this colour:

    http://s3.amazonaws.com/data.tumblr.com/tumblr_lgtqn0oDXk1qbt91xo1_1280.png?AWSAccessKeyId=0RYTHV9YYQ4W5Q3HQMG2&Expires=1299365098&Signature=1%2BOmZ6eig02VKxWwgNypxegyuo0%3D

    The girl on the right.
    How will she get her hair like that?
    My hair is a ginger/strawberry blonde colour at the moment.
    Thanks

    • ANSWER:

32. QUESTION:
    How can I invest in silver if I live in Ireland?
    I know in the UK if you buy silver you are hit with a VAT charge of something like 17.5% and this is something I dont think they apply to gold. However with gold being so high I was thinking of silver. I actually live in the UK but could use my relative in Ireland to buy silver if this was a better way of avoiding tax.

    • ANSWER:
      you can try buying silver from individual sellers online such as on ebay!

33. QUESTION:
    How can i print silver or white text on black paper?
    I need to print silver or white text on black cardstock. I have a dell A940 all in one printer and i need to know if i can just buy silver or white ink or if i have to go to a professional print shop?! I am working on an important project and need this done fast...please help? thank you.

    • ANSWER:
      you will need to do couple of runs before you get it I will suggest that you set the color of the fonts first, and then do a test with your ink, as it is.
      1-set the fonts
      2-open print preview
      3-go to property / printer preference, and select color
      4- set your black paper and do your first test.
      5- if satisfied , then OK be advised .
      6- there is none silver ink for regular print.

34. QUESTION:
    where to buy silvering equipment and hemispherical glass?
    where can you buy silver for mirrors and hemispherical glass? And for how much?

    • ANSWER:
      This page http://users.ticnet.com/mikefirth/mirror.htm references my info and links to other pages for silvering. Hemispherical glass is another question because I can't think of any reasonable use for half spheres of glass. The best I can suggest would be the rather awkward method of buying round bottom scientific flasks http://images.google.com/images?um=1&hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&hs=H2J&q=round+bottom+flasks&btnG=Search+Images and cutting them off a hemisphere.
      You might be able to go to the chemistry glassblowing department in a nearby university and see if they can produce what you want at reasonable effort and cost as they are used to working with the thin lab glass.
      Could you just buy wide view mirrors, which are a portion of a sphere already silvered although certainly not a hemisphere.

35. QUESTION:
    To rate Gold we use carrots. What about silver, and what is the number for pure silver.?
    Im just courious because my boyfriend wanted to buy a silver chain but we dont have a clue on how to buy silver that is real or of good value. Like gold they tell you well its 10k or 15k or whatever, and we want to know what about silver.

    • ANSWER:
      Gold is typically mixed with other metals to make it harder, so the carot measure is necessary to know how much actual gold is in your gold (24 K = pure gold, 10 K = garbage). Silver is not typically blended, so most used in jewelry is either .925 or .999 pure sterling.

36. QUESTION:
    I AM TRYIN TO BUY SILVER?
    AS OF MAY 12 2009 I BOUGHT SEVEN 1OUNCES OF SILVER COINS AT A COIN SHOP FOR EACH..IS IT A GOOD DEAL? HE IS ALSO TRYING TO SELL ME A 10 OUNCE BAR FOR 150.. SHOULD I BUY IT? HOW MUCH DO 10 OUNCE BARS USUALLY GO FOR??

    • ANSWER:
      You are actually getting very good price quotes if these are good quality coins/bars. I've paid up to for a coin.

      A great place to look and see what you can get for resale is ebay. Just search silver coins. There is tons there. Look and shop around, don't just listen to your dealer.

      Precious metals always have two components to their price: Spot and Premium. When you buy, you will typically pay Spot + Premium. When you sell, you will only get back Spot. The premium exist for myriad reasons. A quick way to check the spot price (and what an online dealer is buying/selling your coins for) is to look at a place like www.nwtmint.com or www.kitcosilver.com, or a whole host of others.

      I assume you have bought American Eagles or Canadian Maples for the coins. Stick with government coins since they carry a larger margin of safety in that they are guaranteed to be of a certain quality.

      Be careful with larger bars as well. Remember, when it comes time to sell, they are larger and you may have difficulty finding someone willing to buy it from you. Another problem is that people have been known to hollow out the bar and fill it with lead. So you may just get silver coated lead.

      Hope that helps.

37. QUESTION:
    How do i tell if it is real SILVER?
    If i was to buy Silver bullions, how do i tell it is real?

    • ANSWER:
      If your goal is simply capital appreciation..... buying silver bullion is a ridiculous way to go about it. Buy the ETF "SLV". This is the largest holding of silver on the planet by the largest ETF company in the world (iShares by Barclay's).

      Immediate buy or sell (during market hours). Cost will be an average of the spot market plus to commision for the entire amount.

      Buying Silver Bullion is expensive and a pain in the neck (storage, shipping, selling etc). Plus the commisions on bullion sales are hidden high fees.

      Plus.... with an ETF like SLV...... you'll never have to worry if it's real!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

38. QUESTION:
    How do I buy silver quickly?
    I do not have an account with anyone. Actually, I have no money in the market. I have studied and followed it for years. I know enough to realize what I risk if I decide to jump on silver with a couple grand I have in a piece of shit savings account. I have an idea of where I want the price to be when I buy. So, now my question. What do I need to do with minimal cost (fees) to be able to buy within a fairly short amount of time of the price I'm waiting for? I assume most investors aren't actually buying physical silver they can put their hands on. I don't think it matters much to me if I am either. Another one here.. if I have a gold and silver (very reputable... Tulsa Gold and Silver) shop near my house, is it a bad idea to buy bullion or coins from them, or do I need to have an account set up where I can click and buy in a timely manner.

    *Note: I'm waiting for an apx. price range that is wider than what most people probably look for. I'm looking on holding on to all, or at least a big chunk, of what I buy for years (4-8 unless I see a major rise and point to sell). Even then I'm talking about selling maybe half. I really think I'm wanting to buy if/when I see a 7%-8% drop, then plan on holding it for 6 or 7 years. Sorry, I know I've got a lot going on in this question. Any answer, or even advice not covered in my question is appreciated. Thanks

    • ANSWER:
      I would check out the Gold and Silver shop you can get some good buys rounds and bars are excellent and easy to sell. Many silver shops you can get great deals on junk 90% silver coins. I would stay away from old pours sterling there have been alot of counterfeits lately

39. QUESTION:
    how can i clean a silver serving tray?
    i recently bought 2 silver serving trays that need shined up badly. i heard you dont have to buy silver cleaner but make your own. how is this done?

    • ANSWER:
      Toothpaste makes a wonderful and gentle silver polish.

      Make sure you use the white kind of toothpaste, not the gel. Any brand will work.

      Toothpaste contains micro-abrasives. It removes tarnish like magic.

      Wipe on with a clean rag and scrub gently. Then rinse with water and dry the silver with another clean rag.

      This works.

      -

40. QUESTION:
    Is It Better To Buy The Actual Silver Bullion or Silver Stocks on the Stock Market?
    Hi,...
    I'm very New to all of this but the last time that I tried to buy Stocks in anything the people that I called wanted me to invest at the least ,500 on up to ,000 at one time and at that time I didnt have that kind of money to take that kind of risk with.

    I dont know how it works today with you being able to buy Stocks over the internet as easily as you can and from my research I dont think that you can buy "Silver" as it is and that you have to invest in to a company that deals with Silver if I understood that correctly.

    So is it better to just go out and search for who ever is selling Silver Bullion the Cheapest and Buy as much as you can afford to at that time and have the Silver Bullion directly in your hands or is it better to try and find a company that deals with Silver and Invest in to that company?

    What about the cost of having to deal with a Broker or Fee's that you have to deal with when your dealing with Stocks?

    If there is someone out that that can help me and get me pointed in the right direction and possibly help me understand some of the things that I dont understand as far as actually buying Silver Stock,... I would very much appreciate your help friend.

    Thank You Kindly.

    • ANSWER:
      Buying silver through a brokerage firm has its own advantages and disadvantages. For example, you can sell it really quickly, if you need to. And you don't have to worry that thieves will break in and steal your silver. However, your brokerage firm is required by law to report trading activity to the IRS, so if silver goes up 2500% and you sell it, the IRS is going to know exactly how much money you made. And you do not know what the capital gains tax will be in the future. So, it's a gamble. LOL

      If you buy the actual metal silver, the IRS has no idea how much you made on the silver trade. But the disadvantage of buying silver is that someone might break into your house to steal your safe. You have to guard your house. When you buy actual silver coins, you are paying a little bit more, that's true. Coins are ALWAYS more expensive than raw silver--regardless of whether you're trying to buy them or sell them. Of course, the coin traders will make a little commission both when you buy and when you sell it back to them. The commission usually depends on how much you buy. If you buy or sell a larger quantity at one time, you'll pay SMALLER commission! The IRS works the opposite way: When you sell a lot of silver and you make a huge profit, you may find yourself in a higher tax bracket, and you'll pay more $$$ to Uncle Sam. If you sell little silver at small profit, you'll pay less.

      I myself have bought actual silver coins. And you'll have to shop around, because I have found that silver traders charge very different commissions. Some traders are trying to make a lot of money on each sale, and some of them only make a little.

      If there would be chaos and the value of dollars would go down to virtually zero, we might be able to use the coins to buy stuff. So, I think, it's a good idea to stock up on coins.

      Having said that, there are new funds that play with options to give you twice the return of the metal silver! So, if you open a brokerage account, you could buy AGQ, which is the double silver fund. When silver goes up 1%, AGQ goes up 2%. I do not know how long this fund is going to be around, but it is a very good thing.

      Also, GOLD has a double ETF as well -- DGP. So, if the price of gold goes up 1%, DGP goes up 2%. If you happen to buy these high performance funds at the wrong time, your money will fall at a much faster rate than if you had bought GLD or SLV. So, be careful.

41. QUESTION:
    Where can I buy silver flats?
    While I was living in Canterbury, England last year I bought some silver dolly shoes (ballet flats) from Qube and fell in love!

    No buckles or fancy stuff. They were just the plain silver flat...

    I adored them so much that I've completely worn them out!

    

    I've checked the Qube shoes website -http://www.qubeshoes.co.uk/ - and it has been "currently unavailable" for half a year!

    I now live in Boulder, Colorado. Where can I buy relatively inexpensive silver flats similar to those Qube sells? How about just plain relatively inexpensive and comfortable silver flats?

    

    Many Thanks!

    • ANSWER:

42. QUESTION:
    how much should i buy silver for in order to make profit?
    dont link me websites please i dont have time for them and there mostly nonsense. i want to know how much should i buy silver right now in order to make profit. i have a budget of 4500 and im looking for invest it all in silver. how do i go about doing this and when should i do it at what price. need someone who can help me than you if you leave me your email so we can talk more that will be nice as well. there must be some investors out there that can help me thanx.

    • ANSWER:
      Piffjames,

      Okay no websites.

      The time to buy silver to make a profit is now. You don't need to wait. This isn't like buying stocks, which I'm quite sure you already know. There's no set time to buy. Silver like gold is continuing to rise, so waiting only causes you to lose out on whatever profit you could earn.

      It is most common to buy silver by the Troy ounce and you should buy coins in bullion. There are two types of bullion coins you can buy to accumulate silver–one ounce silver coins and “Junk” silver coins. The 2 most popular and recognized silver 1 ounce coins in the world are the U.S. Silver Eagle and the Canadian Silver Maple Leaf. The most popular way to buy “Junk” silver is a 55 pound bag. A 55 pound bag is ,000 in face value of the coins, but that also equals 715 ounces of silver.

      You always pay the spot price of silver plus a commission. The advantage of buying “Junk” silver is ou pay less commission per ounce than a 1 ounce silver coin, but you still have coins. It is the cheapest way to buy quality silver coins officially minted by the government.

      Where do you buy silver coins?

      Since you don't want links to websites in your answer here, I would suggest checking with the Better Business Bureau and online forums. You can "Google" the phrase Silver forum to find online forums.

      When buying silver you should always take physical delivery. Do not let third parties hold your precious metals on a permanent basis. Your property is best held by you. Be sure you know and understand exactly what you are buying, and you will do just fine.

      Good luck and good fortune with your silver coin purchase.

43. QUESTION:
    I want to buy silver and gold, but don't want to open up a shop. Where can I find people who want to sell it?
    I don't have enough money to open a shop, but I'd like to start small and buy gold and silver from anyone wanting to sell. I'm just not sure how to market that. I already see so many on craigslist, so I don't think that gets an overwhelming amount of people. Can anyone think of another way to go about it? I'm also interested in doing it as an investment, and not a business. If I paid people by checks, would the IRS or government wonder why I was writing a lot of checks and have issues with that? I would then use the checks as a reciept so when I went to sell it in the futre, I could know how much I have to pay taxes on. I just don't want to go there at this point if I don't have too.

    • ANSWER:
      Unless you happen to have a smelting facility and bulk gold buyers lined up, you will most likely need to partner with a larger company that already has this infrastructure. What it sounds like you are interested in is doing what is known as "gold parties". This is similar to what Tupperware parties of the past were. An internet search for "gold parties" will bring up several businesses that will help you set up this type of venture (I've linked a Bing and a Google search below for you).

      As a couple of side notes, as you have discovered with your preliminary marketing research, the "we buy gold" market is fairly glutted at this point (meaning that there are a whole lot of people doing it at this point). This could make breaking into this type of business very difficult. Secondly, most people will want cash and not a check when they give you their gold for scrap.

      As long as you keep good, accurate records and do not attempt to avoid paying taxes, then the government and IRS do not care how you run your businesses. If you want to pay via check or cash, they don't care as long as you properly account and maintain records of your transactions. Make sure that you review the tax forms and the IRS website for small business owners, as if you are self-employed you do have to make quarterly tax payments.

44. QUESTION:
    Should we buy Silver NOW?
    Watch the video to work out how to decide. What say you?

    MUST WATCH: The SILVER Perspective
    http://www.youtube.com/watch?v=BKzNVrZ5Q_s

    F*** JP Morgen. They are crooks.
    The follow-up video on this channel is also great.
    http://www.youtube.com/watch?v=DGMu7fMJPfc

    • ANSWER:
      Well the question is: if you don't buy silver then what else are you going to do?

      I'm just hoping that the silver pays off my credit card debts. Of course I wouldn't have these debts if I hadn't been to university. People have to eat, even students!!

      CRASH JP MORGAN BUY SILVER

45. QUESTION:
    Buying Silver question - how much over to pay?
    I want to start investing in silver. When I go to a broker how much over the listed price should I pay? Lets say silver is an ounce on the market, how much would it cost to purchase a ounce?

    Also, do they pay market price when buying it back or do they buy it back at a discount?

    I plan on buying silver bars.

    • ANSWER:
      You best bet is to simply check with multiple dealers and see what the going rate is. The premium is subject to supply and demand, so it fluctuates. You can check premiums for many coins at http://coininferno.com . Scroll down and click on Silver Round. It'll display current dealer prices from dealers. Premiums for bars should generally be a tiny bit lower, but not by much.

      Sometimes dealers will buy coins for over spot, but they always buy for less than they are selling at (obviously). It's unlikely a dealer would buy a bar for over spot, unless it's something special. Most coin dealers will list their buyback prices along with their sell prices. Check APMEX for example, they list buyback prices for many items.

      You may also want to check out the Nucleo Exchange. It's a marketplace (like eBay) where you can buy and sell bullion to other people, but the parent company (Bullion Direct) is the middle-man in each transaction to verify authenticity and handle shipping, etc.

46. QUESTION:
    Would it be wise to buy SILVER or GOLD right now ?
    with the recession and the possibility of the us dollar going extinct; would you suggest buying silver or gold?

    i cannot really afford 10oz bars of gold, but i saw silver is .70 an ounce. so it should be about 7 for a 10oz bar right? then how come all of the places(ebay/local coin dealers) have them listed from 0 to 0 for 10oz?

    i live in las vegas,never bought anything like this before, and i need help. any suggestions ??

    • ANSWER:
      The US dollar is not going extinct. Get real.

      You can purchase metal if you want to....but I'm still putting my money in a good mutual fund. It's already coming back.

      Precious metals are not good investments.

47. QUESTION:
    How do I invest in / buy silver?
    I have not had an economics/finance course in my school yet so I do not know how to invest in something such as precious metals.
    I would like to invest in silver right now because I see it as under-valued, a store of value that will definitely hold, and something that would rise back up in price (isn't the Chinese government encouraging silver investing to its citizens and I can see that having a major influence on price).
    I would like to save on something other than my money in the bank, which loses value because of inflation. Thanks in advance and sorry with all the details.

    • ANSWER:
      bulliondirect,com get silver now

      or from local dealer .

      none of that ETF or shares that may not hold the amount of silver they say. Also if the dollar dropes in value your etf's and shares will be settled in devalued dollars.

      read kitco forums.

48. QUESTION:
    The least expensive way to test silver coins and bars?
    I bought silver coins and bars, but I want to be 100% sure that they are made of 99.9% pure silver.
    How do I test for purity without spending a fortune?

    • ANSWER:
      .999 silver is quite soft. Not as soft as a chocolate bar but not as hard as a piece of steel. What you can do is carefully scratch the surface with a knife or tong from a fork (in an inconspicuous place on the bar/coin). It should easily make a mark. If you bought a lot of coins from one source you could always try and cut all the way through the worst piece. This way you can see the whole item but you'll have to sell it as scrap silver and not as coin or something beautiful.

49. QUESTION:
    Does silver jewelry go black and how can you maintain it?
    I'm interested in buying silver jewelry, as gold these days is just too dam expensive. My mom told me that if you wear your jewelry every day and do your daily activities with it (e.g. wash dishes, bath etc with it on) it goes black? Is this true? I'm very good with my jewelry at the moment. i wear it everyday to work and come home and take it off before i bath.

    Is that why its so cheap? I really want to go silver as i have seen my dream wedding ring in silver and for us to go and found it in gold/white gold we are going to pay thousands for it and at the mo its only R400.00 I'm also worried about wearing expensive jewelry as these days weirdo's come up to you and tell you to give you your rings IN KFC!!!! - that happened to my friend who has just got married and he wanted her R4000.00 ring! am i being a cheapscate or am i going to be wasting my money?

    sensible answers please!

    • ANSWER:
      i use silver... if you have heat body it turns silver into black very fast... i use toothpaste to clean the silver ones... it really works..if it is just chain it stuff i take some hot water put some detergent init.. dip the jewellery into the water and use a toothbrush to clean the jewellery... worked for me... good luck

50. QUESTION:
    how do you recover your cost of buying silver coins?
    most dealers have a mark up on silver coins. What is the best way to recover this

    • ANSWER:
      As the previous answerer said, you can't unless the inherent value of the silver rises. Or the value of the coin rises (due to rarity or collectability).