The cheapest method for acquiring Gold/Silver is to buy a futures contract with the assistance of a commodities broker and stand for delivery (1000oz
Silver contract - 100oz Gold contract). Obviously not many retail investors are financially equipped to purchase PM's in those quantities , and not
many commodities brokers are actually familiar with the delivery process since 90% of Gold/Silver contracts are never called to deliver.
Whether bars , ingots , or coins , and regardless of quantity...an investor only loses money dependent on when they choose to buy..and..when they
choose to sell. Precious metals are a looong-term investment. With that understanding , in a fundamentally driven generational bull market (now) ,
it's hard to lose money. PM greenhorns share a common vulnerability to an ailment known as "Gold Fever". They buy the emotional
uptrend...over-allocate...spend restless nights as a result , then surrender their positions in first serious correction for a loss , or at best a
break-even....only to see the uptrend resume after a period of consolidation. Once shaken-out of position , very few are psychologically equipped to
re-enter at higher prices....the majority simply remain out of the trade for the duration.
The least expensive precious metals products are bars & ingots...but they also bring the lowest prices on resale. Recognizable mint coins are more
costly initially , but also more liquid , have higher resale value , and remain the preferred (most popular) vehicle for small to mid-size
investors.
Check-out the premiums at my favorite online volume
dealer. Then check his
buy prices.
