Investing in Silver, What's the best way?

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APEXbullionOz
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Joined: 22 July 2016
Country: Australia
Australia

Re: Investing in Silver, What's the best way?

Postby APEXbullionOz » 11 November 2016

In my honest opinion there is no one answer to this question that is right for every stacker, investor, collector, prepper....etc.
I believe the key points to consider when deciding whether to get involved in Precious Metals and if so, in which form are as follows:

1) Amount (in dollars) one has to invest/save and are you planning one big purchase or more of a bullion svings scheme where one adds more and more to the stack as one can afford it &/or Market conditions favor buying.
2) Proposed duration of investment (is it long-term, inter-generational wealth you're looking to build or as was mentioned earlier, just a hedge against falling Equity Prices.)
3) Physical or "Paper" Precious Metals?
4) Exit Strategy: anyone seriously involved in PM Markets needs an exit strategy. Regardless of whether one is holding 100% physical, the form that metal takes will largely dictated by one's Exit Strategy.....for example, if one has the time and patients to sell countless 1oz, 5oz & 10oz coins, bars and rounds one at a time, purchasing bullion with a proven track record of exponentially growing in value regardless of the Spot Price such as Perth Mint limited mintage coins, Pandas, Sovereigns etc or if one is lacking the time, connections &/or patients and more importantly wants to take advantage of each percent of the spread when spot rises then one is best off buying the lowest premium (closest to spot price) bullion available. That way when it comes time to "Get Out Of Dodge", all one need do is approach any reputable bullion dealer who will pay up to and sometimes slightly over the current Spot Price for as much of any kind of bullion you have.....regardless of what it cost you to buy


So basically, if you ask yourself the right questions, make firm decisions with built in flexibility and have te nerve to "Hold 'em" when the price plummets well below one's entry price until the pendulum swings back the other way and it's time to sell up, the question of "What is the best form of bullion to buy?" will pretty much answer itself!
As my grandfather always told me:

...."Son, there's never a bad time to be in the physical Precious Metals Market....NEVER!"...

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Thornside
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Joined: 12 June 2016
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Re: Investing in Silver, What's the best way?

Postby Thornside » 16 November 2016

APEXbullionOz wrote:In my honest opinion there is no one answer to this question that is right for every stacker, investor, collector, prepper....etc.
I believe the key points to consider when deciding whether to get involved in Precious Metals and if so, in which form are as follows:

1) Amount (in dollars) one has to invest/save and are you planning one big purchase or more of a bullion svings scheme where one adds more and more to the stack as one can afford it &/or Market conditions favor buying.
2) Proposed duration of investment (is it long-term, inter-generational wealth you're looking to build or as was mentioned earlier, just a hedge against falling Equity Prices.)
3) Physical or "Paper" Precious Metals?
4) Exit Strategy: anyone seriously involved in PM Markets needs an exit strategy. Regardless of whether one is holding 100% physical, the form that metal takes will largely dictated by one's Exit Strategy.....for example, if one has the time and patients to sell countless 1oz, 5oz & 10oz coins, bars and rounds one at a time, purchasing bullion with a proven track record of exponentially growing in value regardless of the Spot Price such as Perth Mint limited mintage coins, Pandas, Sovereigns etc or if one is lacking the time, connections &/or patients and more importantly wants to take advantage of each percent of the spread when spot rises then one is best off buying the lowest premium (closest to spot price) bullion available. That way when it comes time to "Get Out Of Dodge", all one need do is approach any reputable bullion dealer who will pay up to and sometimes slightly over the current Spot Price for as much of any kind of bullion you have.....regardless of what it cost you to buy


So basically, if you ask yourself the right questions, make firm decisions with built in flexibility and have te nerve to "Hold 'em" when the price plummets well below one's entry price until the pendulum swings back the other way and it's time to sell up, the question of "What is the best form of bullion to buy?" will pretty much answer itself!


Don't ever put gold or silver into a safety deposit box. In the event of a run on the bank for any reason you will lose anything and everything that you have in that box. If you don't have it in your hands, you don't own it.


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