Here are some secrets to buying silver and buying gold. You have some choices such as 1000 oz silver bars, 400 oz gold bars, 100 oz, 10 oz or 1 oz silver and gold bars and my favorite 1 oz mint coins.If you want 100 oz. Silver Bars, or bar bullion, (also in 10 oz Silver Bars) to preserve value, go with J.M.s (Johnson Matthey), Engelhard, Sunshine Minting, U.S. Assay, A-Mark, Silvertowne, and APMEX bars. These brands are good because they are well known and trusted and have a stamp of authenticity (and they stack well in safe!).Whatever form you decide on when investing in silver, make sure it’s a purity of .999 fine silver whether buying bullion from a bullion dealer, coin shop, or Ebay.
Bars are good because they have the narrowest bid/ask spread among bullion investments.
Sunday, May 15, 2011
Engelhard's are so awesome! Especially the 5oz bars which are getting harder to find today... Engelhard silver bars are among the best. They are selling on ebay for over spot. Greg talks about silver bars, bubbles, crashes and buying silver. I did a searched of recently completed auctions on eBay and see them for about $40-$60 over spot, so that makes it about $4-$6 over spot per ounce. Not too bad. Buy it now prices mean nothing. Just means someone has their sights a bit high. Completed auctions tell you what the free market is actually paying.Found a 10 oz Engelhard on eBay for 541 US (374 euro):)