Learning how to buy silver and precious metals in bar, or bullion form, is the first thing you need to do once you decide to invest in precious metals.

When you learn how to buy silver ingots, you will find that they range in size from quite large, down to fractions of an ounce.  Buying silver bars, or ingots, generally gives you more precious metal for your investment dollar.  This is because you pay a much higher price per ounce for silver coins, or jewelry, by weight.   The markup is much greater due to the artistry and labor involved in putting out a coin, or jewelry.  Silver bars are the cheapest to produce of the common forms of investment silver and precious metals.

When learning how to buy silver and precious metals, look to see what bars are popular in your area.silver and precious metals

You want to do this so that it is easier to sell your silver bars when you choose to do so.  You also want to consider that if you buy too large a bar, you may have trouble finding a buyer later on.  Unless you turn into a huge buyer, you usually want to stay with bars that run one ounce or less. If you do buy larger bars, make note of other people and other businesses in your areas that do a lot of trading in the larger ingots, to give you an idea where you could sell when the time comes.

Once you learn how to buy silver, you need to learn where the best place to buy it.

You can always buy from a private party, and you can always hit a place like EBay on the web.  I would recommend that if you do buy from a private party, that you enlist a reputable company that is able to verify the weight and purity.  There are bad people that you might meet in any situation, and you need to have protection against any unscrupulous individuals.

When you find a good company to buy from, research their reputation before developing a relationship.
A good company will be very willing to provide references.  You can also easily check to see if they have been mentioned in a negative manner in the media.  Government investigations are readily reported in the news. Once you find the company you wish to deal with, I suggest you make your first purchases smaller ones, even if you have more to invest.  A good company will walk you through how to buy precious metals: even small ones, because they know if they provide good customer service, that you will be coming back for more later on.  This also allows you to learn the ropes by doing with the smallest of risk.
When you learn how to buy silver and precious metals, always insist on checking the weights of any metals that you purchase.  The closer your own attention to detail, the safer you will be, and the more respect you will garner from those you deal with.  When the company you choose sees that you intend to take an active and involved role in your gold investments, you will find your dealings go easier.

Once you know the “what” and the “how” of investing in silver and precious metals, you will start wondering about the “when”. 

When should you invest?  Is there a time, or circumstances that are better than others when investing in silver and precious metals?  The idea in all investments is to buy low, and sell high: this is how you make a profit. That makes the answer to this one twofold:
1.) You do not want to sink all of your money that is available to be invested into just one area.  Investing in smaller amounts of precious metals on a regular basis is a good plan.  One week when you buy the price may be up, which means you will walk away with less weight of the metal for your money, but the next week the price may have dropped, so you will then get more metal for your money.  Doing it this way will average out, and you will do quite well.  You will also find yourself being educated as to the “normal” fluctuations in the price of silver (Look at you: you’re becoming an “expert”!).  You will also maybe be able to make some mental connections between the price going up or down, and what is going on in the news, with the banks or the stock market, which will later on give you an idea of what the price might do in different situations.
2.) If you have a chunk of money to invest in gold, silver or other precious metals, then I recommend doing the small weekly buys, always keeping tabs on the price.  This way if you see a big dip in the price, you will notice it right away and know you can invest a larger amount that week.

If you have been paying attention while making your smaller weekly investments, you will be able to make an educated guess as to why the price dipped, and be able to guess if it will come right back up, or might continue down.  Many people panic when the prices drop even a little and stop buying, but if everything you see tells you the price should come back soon, then that makes it an ideal time to buy more then you usually do.  If you do so, then you will get far more metal for your money than you would have.  When the price comes back, you will be a happy investor!

The beautiful thing about investing in gold, silver and precious metals, is that you can do it on any scale.  You are in complete control at all times of how much you invest, and how often.  You have the added benefit of being able to hold the metal in your hands when you are done; far more satisfying then looking at numbers on a bank statement.

 

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Why should you invest in silver and precious metals

Typically, when you think of investing, you first think of the stock market.  Stocks and bonds have always been one of the most popular forms of investment, and the one you hear about the most from the main stream media.

That is until lately.

silver and precious metals

Franklin half dollars

Even the main stream media has grudgingly admitted that investing in gold, silver and precious metals have out-performed stocks and bonds repeatedly over the last several years. Things are changing.

Silver and precious metals,  have become very strong investments.  Gold is the darling right now, as it has been the “star” for centuries.  With the attention on gold, its value has increased sharply, and is now at a point where buying physical gold for the middle class is all but out of reach.

This is not the case for investing in silver and precious metals

Investing in silver is still an easy thing to do, even for the small investor. Investing in silver has all of the up-side that investing in gold has. It is a good hedge against inflation; it is easily liquidated when you need to do so.  It is a finite resource that must be mined, and cannot just be “printed” as paper money has been and so it cannot be artificially de-valued by bankers or governments at a whim.  It is necessary in industry and electronics, giving it a great industrial value.

When deciding where to put your money; you need to place it side by side alongside other investments.  How have these investments preformed over time?  Stocks and bonds have had their ups and downs, but as of late have not performed well.  Over this same time period, gold and precious metals, specifically silver, have shown strong gains.  Silver alone, over the past couple of years, has enjoyed a 300% increase in value, which has even outperformed  gold.

Silver and precious metals: the ”regular guy’s investment!

The fact that the average person is still able to pull money out of your wallet and buy an ounce or two or three of silver, makes silver a very attractive investment.  With the dollar remaining weak, and confidence in the stock market remaining low, silver shows no sign of losing its momentum.

So how do you begin to invest in silver?

Actually, it is very easy.  In your own area there are many places you can go to buy silver.  Pawn shops, coin shops, jewelers that advertise that they buy and sell gold and precious metals, all would have physical silver for sale.  Silver ingots (small silver bars) are possibly the best value.  Silver coins are available, but coins often command a higher premium (dealer mark-up) then do ingots, as they have more workmanship involved in their production.  Many times you can also find silver for sale at gun shows, flea markets, etc.

Before setting out to buy silver, take a look at that day’s spot price.  Spot price is the term for the amount that silver sold for that day on the commodities market.  Use this price to know if you are getting a good deal.  Expect to pay a bit more than the spot price, but it should be a reasonable amount.  When looking at the silver bar you are considering, know that it should show a mark on it indicating that it is .999 (99.9% pure silver) this lets you know it is as pure as it gets.

Silver and precious metals

Silver ingots and medallions

Turning a portion of your savings into physical silver is a fantastic way to help manage your money. Silver and precious metal investment should be considered a long term investment, though some of the big-traders do day trade just as they do with stocks.  My advice is to buy a bit at a time, and stash it in a safe place.  Then you can periodically check the spot price, and know how you are doing.

That’s the fun part.

The other fun part, as opposed to the stock market, is that you can hold your silver, and feel it’s weight, and know that the weight you feel is real value, and not just numbers on a piece of paper that seem to go down daily.  Silver and precious metals are REAL money, not just numbers on a piece of paper.