DrKiz
Well-Known Member
I wouldn’t trust paper silver. I only hold physical. And not where I live. Lol.Questions about buying precious metals -
What's the best to buy, gold or silver?
If I was to buy precious metal, can I just add it to my Roth/IRA or should I physically hold on to the coins/bars myself?
Where's the best, safest most trustworthy place to buy precious metals?
Ultimately, if SHTF, precious metals are only worth what someone wants to pay for them?
I go to a bullion dealer. You have to find one you can trust though.
You want to find one that doesn’t charge heavy premiums.
For example, the guy I go to usually sells silver at spot price plus 5%. Pretty unheard of rate, though. Since Covid he’s spot plus 10%. I haven’t bought though. I got in cheap years ago.
He buys at spot. Maples or USA oz coins it’s spot plus $2.
Fair I think. Hard to find a fair dealer. (Dealer.. the irony)
Make sure your dealer has a tester. PMI machine. Positive Material Identification. (XRF analyzer). Wouldn’t buy if I couldn’t verify. More fakes with large bars. Oz’s are rarely faked but it does happen.
I have personal access to XRF/PMI and other restricted analytical tools so I’m not concerned with fakes.
As far as SHTF. The precious metal you want is lead, and lots of it.