Hi there, been in the crypto market for a while but a complete newfag to investing in precious metals. So I want a few questions out of the way, primarily for Silver right now:
>can I basically buy it from a local goldsmith or even online?
>does it even matter what kind of shape I buy? Like are coins a better investment? Or does it really not matter and bars are just as good?
>my country doesn’t really mine silver anymore(Norway) and I checked some pages and saw that they sell silver for a little higher than the international prices. Could this be due to import tariffs?
Buying Precious Metals
Parker Jenkins
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Christian Ross
kys
Parker Evans
Just buy some and put it up your butt.
Jace Ward
metal threads are just as bad as crypto threads
Blake Perez
1. check the price and if it can be trusted
2. normally bigger = cheaper
3. taxes
Ryan Perez
Buy pm to hedge against the market.
Plan on holding it for ATLEAST 5 years.
Buy physical if you truly believe in the collapse of society
Otherwise buy it on any forex account
Chase Parker
Bars are harder to sell than coins. You should probably get a small stack of Austrian Philharmonics before anything else.
Parker Gray
Meh, not in my experience.
Stack some of all kinds, coins, rounds, bars.
Yes, but online from reputable dealers like apmex jm bullion etc. Avoid ebay.
If it's too good to be true, it is
Charles Torres
>comparesilverprices.com
>It's complicated. Some coins are considered "numismatic" meaning they have value above that of just the metal. Other coins/bars are only worth the metal. This is called "bullion". Some coins are collectible but not numismatic, they are called "semi numis".
>Probably due to European VAT. I suggest buying from Estonia. For some reason they are outside the VAT laws.
I've been in silver for a while. I'm happy to answer your questions if I can.
Liam Adams
Thanks. I just want to buy silver close to its market value and just store it along with my Nano S in a safe
Nathaniel Powell
>I suggest buying from Estonia. For some reason they are outside the VAT laws.
You mean there are no import duty or should I travel to Estonia to buy? Wouldn’t mind the latter honestly if ever I would buy a few kg
Bentley Gutierrez
in europe you are forced to buy coins only since bars have 20% tax and coins only 7% (in most countries)
Oliver Hughes
belgium and estonia are VAT free
Brody Rivera
god, you guys are hopeless
Alexander Jones
Cue music... And I'm proud to be an American...
Seriously, better off picking junk silver out of pocket change than getting taped like that.
Wow
Alexander Roberts
Silver, lol, have fun in your bunker
>to invest in metals, your portfolio should include shares in primary industry not just the commodity
>what is Wolframite
>what is Lithium
>what are the platinum group metals
Adrian Rivera
at least gold is VAT free
Jason James
I buy apmex because burger and because its 999 fine. I buy the bars because they look professional and are easier to stack.
>can I basically buy it from a local goldsmith or even online?
They have a website and there are other previous metal websites though you should be careful buying online. Buying at a store means you can check it before you buy it
>does it even matter what kind of shape I buy? Like are coins a better investment? Or does it really not matter and bars are just as good?
Coins are for giving your relatives something shiny as a present. Bars are just better for trading
>my country doesn’t really mine silver anymore(Norway) and I checked some pages and saw that they sell silver for a little higher than the international prices. Could this be due to import tariffs?
Probably. If I were you though I would go ahead and buy silver because our worldwide economy is on the verge of collapse. Don't believe what the news says we're headed for another 2008 style crash but this time we can't print our way out of it. When we crash again it will be even worse than the great depression
Aaron Richardson
I use JM bullion for online orders, Apmex is good to, SDB is kinda ok...
Blake Williams
After the mark up when you buy, and the mark down when you sell, how do you make money on these realistically?
Angel Johnson
If you have little cash buy a gold/silver etf, if you have the cash buy physical but buy it fron mexico, and other countries. Buy in bulk, better price, buy unrefined and you get a cheaper deal. You just have to purify it. Or buy scrap computer components and get gold that way but its time consuming and a little dangerous to purify it, since you need harsh chemicals to seperate the gold and silicon, and then reheat the stuff until it evaporates and you get the gold dust and bits from the chemical sludge stuff
Liam Peterson
hold for long term and the spread is negligible.
Jordan Barnes
There is no mark down when you sell unless you're a brainlet selling for spot/melt price. Sell to other people for premium price.
Ian Stewart
silver and pms are completely pointless for the average man and woman now that crypto is arround.
what do you think is easier buying 50k of crypto or buying 50k on gold and asking for delivery while having to deal with a world where 3000 to 5000 ounce gold is a thing
(5000 ounce gold = the shit is a complete shithole)
youre better off owning woodlands than than gold