Would it be advantageous at all to just buy 1 oz silver bars or coins only?
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From: "denniswhicher@... [JoyofSatan666]" <
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Date: 12/02/2014 9:16 AM (GMT-06:00)
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Subject: [JoyofSatan666] Re: Purchasing silver
I have some general guidelines--mostly common sense.
First, unless you are gambling, do not "invest" in paper silver. Likewise, if you are going to buy and sell at every dip, the paper silver is safer because you might not get back into physical silver. Physical silver is to be bought and held, not day traded or held with hopes of getting a paper profit. It is the physical silver I recommend getting into to protect your assets.
How much? As much as you can reasonably afford. Note the term "reasonably". I have heard some cults going on around buying silver, and they advise you to sell everything and buy silver, even going into debt. You do not want to put yourself in undue hardship. You do not want to sell belongings, unless those "belongings" are "assets" that are in danger of becoming worthless as soon as the dollar becomes toilet paper. This means not selling your home or car, or furniture, or other belongings. You do not want to neglect other aspects of preparation, such as a good lighting system in case the electricity goes out. You do not want to neglect other financial obligations to buy more silver. And above all, you do NOT want to go into debt to buy silver because you could be forced to sell out.
How much sacrifice does it make sense to make in order to buy silver? That depends on how much you wish to accumulate, and will vary by individual. Most people could, for instance, do with one less cup of coffee per day three times a week, or prepare your coffee at home instead of getting it somewhere else. That could save you enough to buy three to five silver dimes per week. You might be the type that eats at McDonalds almost every day. Cut back by once a week, you save enough for a silver quarter (and probably do your health some good). Each time you forgo one bottle of Coke and have the equivalent of water (and I mean those 20 ounce bottles, not those 2 liter bottles), you save a silver dime's worth. You could also get generic pop (it generally tastes about the same) and portion that out instead of buying smaller bottles, and that saves money that can buy a few silver dimes. Pump your tires up to their optimal pressure, you may save enough gas to pay for a silver quarter--more so if you just drive less and smarter. Two beers (12 ounces) cost enough to buy three silver dimes, more if you drink at the bar. And the granddaddy, each pack of kike sticks you don't buy will save enough for two (or more) silver quarters.
As you can see, it doesn't take buying silver by the monster box in order to get started. Some people think they do not have the huge amount of ready cash to buy silver--this is more valid with gold investment. The last time I checked, and that was when silver was around 18 toilet papers per ounce, silver coins were priced 16 times face at a local coin shop. Obviously, that will vary but I expect it to be steady because coin shops take market risk and must be compensated fairly for that. However, that means you can buy a couple of silver quarters for the amount you were going to spend on that pizza. Seems like very little. But, it adds up. A dime here, a quarter there, and you will get a good little pile before you know it. And, that is definitely better than nothing.