A beginners to guide to investing in physical silver.
The Silver Bullet and the Silver Shield has started to cause some waves out there. This massive article covers all of the reasons why you should sell every asset you have right now and buy silver. It has been named “Article of the Week” at Silver Bear Cafe. It started a minor skirmish between 321Gold and me. It has even been translated into 6 languages in less than a week. The most important thing I personally got from the article was a call I got from a friend that I have literally been begging to buy silver for 6 years. He read the article and simply said, “I get it now.”
I have had a lot of questions emailed to me about what to do next. I will try to answer the questions the best I can in this article. If there is something not covered, please ask it in the comment section below.
What do I buy? ONLY BUY PHYSICAL SILVER AND KEEP IT IN YOUR POSSESSION. Don’t get suckered into SLV, custodian accounts, E-Silver, mining stocks, precious metal IRAs, or any other instrument that does not have your wealth in your absolute control. You have to understand why you are buying silver. It is to have a real tangible wealth in your control while the fiat paper wealth world burns. I could think of nothing more maddening than get this far, to see the potential of silver and then be caught in the wrong form of it. And don’t think that you are going to somehow trade this like stocks. One day this will all end. The world will rush for the fire exits and you will not make it out alive. I have always told my wife that it is better to be years early to this party than one day too late.
The first purchase I recommend is an American Silver Eagle. In my opinion it is the best bullion coin on the market. I bought a Proof 2005 Silver Eagle to symbolize the year I went all in. Silver Eagles are the most popular silver bullion coin. By law, the Treasury is supposed to make enough to meet demand and use only domestic silver production. There are rumors that the US Mint stopped making Silver Eagles this month. January was an all time high for silver sales of 6.4 million ounces. (For perspective that one month is almost as much silver that was sold in 1996 and 1997 combined!) The United States total mine production for an entire year is only 40 million ounces. If we annualized January’s sales that would be double what the entire country can produce, and we are just getting warmed up.
Stand For Delivery
Buying American Silver Eagles also forces the issue with our battle with the banksters. The more they have to admit that they cannot meet demand, the quicker their illusion collapses. The US Mint would meet all the demand that it can handle if the price of silver was allowed to rise.
Shop for the best deal but don’t get too wrapped around the wheel about premiums over spot. When I first started, I was mad that I had to pay $1.50 over spot on a $7 Silver American Eagle. Now, the premiums are twice that at $3.29. The good thing is that as the coins become more valuable, the premiums will rise to. There is a $69 premium on Gold American Eagles right now. I think it will be cool when the premium on silver will be more than I paid for the whole coin.
There are a ton of other national bullion coins out there that like the Canadian Maple Leaf, Mexican Libertads, Chinese Pandas, Australian Koalas and Kookaburras, and Silver Britannias. Some are very beautiful and command higher premiums based off of their relative scarcity. I can not bring myself to buy any coin that has the Queen of England on it. It is just a matter of principle for me not to have the engraving of an Elitist ruler on my treasure.
Silver rounds are a great alternative to the national bullion coins. If they come from reputable refiners, their purity is certified. They have significantly less premium per coin, but they are not as well known. Personally, I would rather have the Mercedes of coins, the Silver American Eagle, than one more ounce of silver for every 40 I bought.
If you are on a tight budget or more of the survival mindset, then “junk silver” is the best for you. I hate using the term “junk” when describing this treasure. “Junk” silver is merely American coins that had silver in them from before 1964. Most of them are 90% silver but there are some of them that are 40% silver depending on the year and coin. This is probably the most economical choice to buy coins because the premiums are so small. They are sold by the coin, by the roll, and by the bag. These coins are great for having small denominations that are easily recognizable as real money in survival situations. 
They are great to barter with and make you feel like you have a real stash of Pirate Booty. Stay away from numismatic coins. Too much premium and not enough silver. That is all I’ve got to say about that.
If you are going to invest more than say $50 or $100 thousand in physical bullion then you will need to start buying some bars. Silver bars are more for bulk purchases even though there are some really cool 5 to 10 ounces silver bars available. Silver bars are great for easy storage and low premiums. They are not a sexy as coin but they get the job done when it comes to preserving your wealth. They stack easily and you don’t really have to worry about taking care of them, because they are the “work truck” of your stash.
Some worry about drilled and filled bars from the 80′s. Here is a great article on the subject from About.Ag. For the most part, I am not concerned about it because it has been 30 years since there has been any real motivation to forge these bars. I am sure that most of them are out of circulation since no reputable refiner is going to sell something like this. When I bought my 100-ounce bars, I bought Johnson and Matthey bars that were serial numbered and have designs that are hard to replicate on the front and back. 
When you are purchasing or taking delivery of these bars, look hard at the small and short side of the brick. If it is a fake you should see something different about it. If you are not comfortable with it, for any reason, ask to have it switched out before you take delivery. I do not recommend even thinking about buying 1,000-ounce bars because they are too heavy to move and I do not trust the parties involved in the CRIMEX.
Disclaimer: I do not have any private or professional affiliation with any of the companies below. There are many great companies that are all over the country. If you had a good experience with a company please put it in the comment section below.
Where do I buy? The best deals I have gotten have been at garage sales, local newspaper ads, Craig’s List, and gun shows. Here is where you deal directly with a seller and there is no middle-man. Often you can get silver for at or below spot. Most of the time the sellers are desperate and will make good deals just to get cash. I would caution you to be careful when dealing with people on a personal level. We have all heard of the stories about people being lured by con men and being robbed. If you do buy something off of these personal sites, do it in public like a restaurant or a coffee shop. Bring some one with you as back up. Please know that there are a lot more good people out there than bad guys, so don’t get paranoid.
Another benefit to buying this way is that there is no paper trail. You could literally a mass a huge stash with no one knowing. It is literally a black market where you can secretively and legally ditch your fiat paper for real wealth. This plays well to all of you that don’t like government intrusion into your lives.
I have had a mixed bag with purchasing from coin shops. They are a layer of middlemen trying to make a living off of the buy and sell spread. They tend to only want to sell you numismatic coins because they have much more mark up in them. Coin storeowners are also very savvy investors and tend to pull inventory off of their shelves when prices crash. I don’t blame them, but it makes it hard to buy from them when it is most opportune to.
One thing I highly recommend is to visit your local coin shop just to physically see and hold this real treasure. We have been so detached from real money. We must physically experience it again; in order to really believe deep down, what we are doing is the right thing to do.
Online is probably the easiest and best ways to by overall. I have personally only done business with Apmex.com and my experience was great. They have competitive prices and a huge selection. (Please put in the comment section below other places where people can go and buy online and your experience with them.) One added layer of expense you do have to factor in your calculations is shipping. At the end of the day, again, don’t get your panties in a bunch over these extra expenses. When this all goes down, no one will care what you spent on premiums and shipping, only the fact that you actually have the real thing.
Every package I have received has been in a plain, unmarked package and insured box. This might be a concern when you are ordering a lot of bullion like Green Monster boxes. It is not too far out of the realm of possibility that your local public servant sees that Joe Smith at 123 Apple Lane is getting a lot of heavy and unmarked boxes shipped to his house. However unlikely it may be it might be a security concern for you. Here are some of the tricks I have used in the past.
- Buy before you move places.
- Ship it to friends and family that you trust.
- Ship to a place of business that you know the owner.
- Ship to a rental that you own.
- Place the order through a coin shop and pay him when it comes in.
Another way to buy in bulk with relative secrecy is buy online and go and pick it up from their vault. I had the most thrilling time picking up my stash in an rental van and armed to the teeth. (THIS IS NOT FOR EVERYONE. Check with your local authorities about carrying firearms in you vehicle. Also it can be very nerve racking. I am a Marine, so I am used to this. I also know never to show my weapon unless I am going to use it.)
Where do I store it? I have two simple rules on storing your stash; don’t keep it in your house and don’t keep it in a bank. Anywhere else in the world is fine with me. Having a bullion stash is like having nuclear waste. You have to control it but you don’t want to keep it in your house. You do not want to bring physical danger to your family. Here is a recent home invasion of a family who lost $750,000 of silver. Thankfully no one was killed. The only thing anyone would find in my house is some of my food stash, tons of TP, and one pissed off and armed Marine with dogs.
$50,000 in silver would fit into a brief case. How hard would it be to hide a brief case if you had to? Hiding silver is a snap because you cannot destroy it. You could literally throw it in your septic tank and it would probably be okay. Here are some ideas that I have compiled just to get you thinking.
Do what the Pirates do, bury it. This not only protects your stash, but it prevents you from selling too soon or on impulse.
- You can throw them naked in the ground. You may want to wrap them up or put them in a container.
- In order to prevent snoopers with metal detectors bury metal decoys or spread nails all over the place.
- Got a junker in the yard? Bury it under that.
- Put big rocks, bricks, concrete or poison ivy over your stash. (This prevents even those who might find out about your stash any easy get away. It also makes them sitting ducks while they dig.)
- You could encase the bars in concrete to make them look like cobblestones.
- Put layers in your stash. Put 1,000 ounces at say 2 feet, but 5,000 ounces at 6 feet.
- Dig with protection or a look out.
- There is a lot of open and secluded land that you can hide a stash. Most of the Marijuana grown in the United States is grown in National Parks. Make sure that you are at least 15 feet off of any road.
- Have a boating “accident.” Hiding silver in water is the best. If you have SCUBA abilities, this would be my best way to hide it. You do have to be extra careful not to lose your stash because of murky waters or soft bottoms.
- Never put it into moving waters like a river. One good rain and you will lose it.
- Use a black cable wired to guide you to your stash. It is hard to see and is durable.
- Separate your stash.
- Never put all of your eggs in one basket.
- Have at least 2 or 3 stashes even if they are fairly close.
- Have dummy stashes of maybe only 5% of your stash.
- This way if you do get compromised you can afford to take a small hit without giving up the full monty.
- Try to differentiate the way you hide the stash too.
- The best way to keep your stash safe is SHUT YOUR MOUTH! No one needs to know about what you have.
- If you do get caught, say you lost it, gambled it away, snorted it up your nose, or leprechauns stole your stash.
How do I sell it? People get really nervous about this one. You can sell it anywhere that you can buy it. Bullion is the most fungible asset on the planet. I could literally be in the tribal lands of Waziristan and be able to sell my bullion but they would not want Apple stock. Most places you can go will pay you over spot. One thing you do need to take into consideration is that you do have tax liability and you should consult you accountant. You are not taxed at the lower capital gains tax. You are taxed at the 28% collectible tax on your profits. I have not looked into this too much since I do not plan on ever selling my silver.
I will at some point use my silver as collateral to borrow against to buy income-producing assets like Real Estate and stocks. I will only do this after a new economic paradigm is created. All of that gain will be tax-free since I will never really ever sell it.
What about confiscation? People throw this on the table as a reason not to buy. In 1933 FDR confiscated all of the gold in the United States. First of all, he paid for them all with fiat money, so it was not like they were out with nothing. No one that I know was ever arrested, fined or put in jail for failing to comply. It was gold and not silver that was confiscated.
It would be a logistical and public nightmare for a government to try to get little stashes buried in rose gardens. I would treat a government confiscation of my holdings as serious as if they came for my guns. In fact, come to think of it, most of the silver owners I know are former military, gun totting and fully aware individuals. I cannot see SWAT teams risking their lives trying to get a couple of coins from people who are adamant about personal liberty and property rights.
I believe the Government and the Elite will nationalize much more and easier money like your 401k, IRA or big stashes like SLV or Eric Sprott’s fund before they try to get your couple of hundred ounces. They will go after and get the 99% of wealth that lies in intangible paper securities like stocks, bonds, and real estate before they make a move on silver. They will also telegraph their moves with trial balloons before anything becomes legal. Also if they do come for your silver it will probably after the dollar collapses. There will be much, much bigger problems on their hands.
The Elite don’t want Americans to own guns either but there is nothing they can do about it. It is not worth it for them to upset the hornet’s nest when there is much easier ways to fleece and control the population. I mean after all the entire world’s silver production is only like $20 billion. The US spends more than that in interest in a couple of days.
Why would the government confiscate something they are selling? The US mint program has been selling silver for years. If the government needed silver it would just take the future production from domestic mines. That is another reason not to buy mining stocks, worldwide.
This is a thinking man’s game and one that will be the most profitable, if you put all of the pieces together. If you have any other questions please ask them below in the comment section and I will do my best to help you. If you would like to learn more and want to support my efforts, join the Sons of Liberty Academy. You can support us by spreading the word and by giving generously to support our fight.
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Thanks for sharing this information SS!
Thank you for the great information. I have been contemplating buying a safe, if someone where to break in, that is no doubt what they would go after. But what about using it as a decoy?
Any thoughts?
Thanks again!
Decoy safes are great.
Make sure it is out of site but findable like in you closet.
If it is a small safe load it with rocks so it has some weight to it and give them reason to run out of the house with the safe.
If it is a big safe that they have to break into, make sure you have a weapon near by.
This is a thinking man’s game and you have the upper hand because of home field advantage.
Love the article! Just one question: Why is the price and premium on 40% silver coins higher than the 90% silver coins? You are correct about the tactile response of handling silver….it is beautiful, is it not?
I don’t know what the premiums are but I know they are low because the US mint did not have any premium when they went into circulation.
Only when you hold it, do you really understand it.
.99999 pure silver and gold rounds @ http://www.royalsilver.com taking orders online. These are the world’s purest and most ethical metals.
What do you think about the Mexican 1. oz. libertad?
Since I live down south of the border, the easiest option has been going down to the bank here and purchasing 1. oz. silver libertads. I can always sell it back to the bank…but what I consider important is getting 1 oz. of actual silver and not whether it is an American this coin or Canadian that coin. What would be the point of me spending extra money to get coins from abroad? They likely would not make it through customs, even perhaps via private services, the bastards there take anything.
Domestic coins are the best where ever you are.
SS, Thanks for some great recent articles. Lots of helpful info.
Check out goldshark.com Excellent website that compares prices on bullion and bars from multiple sources to give you the best deal.
Also, a good daily source of info is tfmetalsreport.blogspot.com
as far as the image of the queen… It is an ugly mug, but if that is all that is available, I’m buying. What better way to stick it to the elites than to use their own images…
If you live in Mexico then buy whatever is cheaper and most convenient. .999 silver, like Eagles or filthy JM bars [i speak of the pollution they create to smelt and refine], is the same the world over. Then sit on it and forget [but not really] that you have it for the next decade or so.
Some reputable online dealers include jhmint.com, golddealer.com, the-moneychanger.com, gainesvillecoins.com, tulving.com, bulliondirect.com. Compare prices and whether or not shipping is included or additional. Most of these dealers, especially moneychanger, includes educational information at their web sites. Buy what you can comfortably afford after covering your basic prep needs first, and help beat the elite by joining the silver revolution. Join the Sons of Liberty Academy above and help support this movement! Spread the word also.
Silver was confiscated. Refer to Franklin Roosevelt’s August 9, 1934 Executive Order 6814:
“By virtue of the authority vested in me by the Silver Purchase Act of 1934 and of all other authority vested in me, I, Franklin D. Roosevelt, President of the United States of America, do hereby require the delivery of all silver situated in the continental United States on the effective date hereof, by any and all persons owning, possessing, or controlling any such silver, and do hereby require any and all persons owning, possessing, or controlling any such silver to deliver the same in the manner, upon the conditions and subject to the exceptions herein contained, such action being in my judgment necessary to effectuate the policy of the Silver Purchase Act of 1934. . . . Section 2. Silver required to be delivered..–There shall be delivered in accordance with the terms of this order all silver situated in the continental United States on the effective date hereof, except silver falling within any of the following categories so long as it continues to fall thereunder:
(a) Silver coins, whether foreign or domestic;
(b) Silver of a fineness of .8 or less, which has not entered into industrial, commercial, professional, artistic, or monetary use;
(c) Silver mined, after December 21, 1933, from natural deposits in the United States or any place subject to the jurisdiction thereof: Provided, however, That so much of such silver so mined in the continental United States on or before the effective date of this order which shall not have been deposited with a United States mint tinder the proclamation of December 21, 1933, shall, if processed to a fineness greater than .8 within 75 days from the effective date of this order, be delivered in accordance with this order, not later than 90 days from the effective date hereof, or if processed to a fineness greater than .8 after 75 days from the effective date of this order, be delivered within 15 days thereafter in accordance with this order;
(d) Silver held for industrial, professional, or artistic use and unmelted scrap silver and silver sweepings in an amount not exceeding in the aggregate 500 fine troy ounces belonging to any one person;
(e) Silver owned on the effective date hereof by a recognized foreign government, foreign central bank, or the Bank for International Settlements;
(f) Silver contained in articles fabricated and held in good faith for a specific and customary use and not for their value as silver bullion; or
(g) Silver held under a license issued in accordance with Section 6 hereof.
Section 3. Time and place of delivery..–The silver required to be delivered here under shall be delivered not later than 90 days from the effective date hereof to the United States mint nearest to the place where the silver is situated immediately prior to delivery: Provided, That such silver temporarily falling within the exempt categories enumerated in Section 2, shall be delivered at the end of 90 days from the effective date hereof, or 15 days after the time when it ceases to fall within such categories, whichever date is later. Any person acquiring ownership, possession, or control of silver required to be delivered under this order after 75 days from the effective date hereof, shall deliver such silver within 15 days of such acquisition.
SECTION 4. Amount returnable for silver..–The silver herein required to be delivered shall be coined into standard silver dollars, or otherwise added to the monetary stocks of the United States in accordance with the proclamation, bearing the same date as this order, relating to the coinage of silver, and there shall be returned therefor in standard silver dollars, silver certificates, or any other coin or currency of the United States, the monetary value of the silver so delivered (that is, $1.2929+ a fine troy ounce), less a deduction of 61 8/25 percent thereof for seigniorage, brassage, coinage, and other mint charges, as provided in such proclamation; that is, the amount returnable for the silver delivered in accordance herewith shall be an amount equal to 50+ .– a fine troy ounce, which amount is not less than the fair value, at the time of this order, of the silver required to be delivered hereunder as determined by the market price over a reasonable period terminating at the time of this order.
Section 5. Reimbursement of costs..–The Secretary of the Treasury shall pay all necessary costs, actually incurred, of the transportation of such silver and standard silver dollars, silver certificates, and other coin or currency of the United States, including the cost of insurance, protection, and such other incidental costs as may be reasonably necessary. Persons desiring reimbursement of such costs shall submit their accounts on voucher forms which may be obtained by writing to the Treasurer of the United States, Washington, D.C.
Section 6. Licenses..–The Secretary of the Treasury, subject to such regulations as he may prescribe, acting directly or through such agency or agencies as he may designate, shall issue licenses authorizing the withholding of silver which the Secretary of the Treasury, or such agency as he may designate, is satisfied
(a) is required for legitimate and customary use in industry, profession, or art by a person regularly engaged in such industry, profession, or art or in the business of processing silver or furnishing silver therefor;
(b) has been imported for reexport; or
(c) is required to fulfill an obligation to deliver silver in such amount to a third person, incurred or assumed by the applicant on or before the effective date of this order; Provided, That at the date of the application, the applicant owns such silver or holds the obligation of another to deliver to him such silver.
The Secretary of the Treasury may, with the approval of the President, issue licenses authorizing the withholding of silver for purposes deemed to be in the public interest and not inconsistent with the purposes of the Silver Purchase Act of 1934 and of this order.
Section 7. Deliveries in fulfillment of obligations or to licensees.–No person required to deliver silver owned by him or in his possession or control shall be deemed to have failed to comply with the provisions of this order, if such silver is delivered in fulfillment of an obligation incurred or assumed by such person on
Thanks, I did not know that and will look into it further.
I will I bet that no one was arrested and there was not 100% compliance.
And that they would not be able to get away with this as easily as they did back then.
There have been too many broken promises and these criminals are becoming more and more exposed.
The silver was then returned to the owner in the form of silver dollars?
SECTION 4. Amount returnable for silver..–The silver herein required to be delivered shall be coined into standard silver dollars, or otherwise added to the monetary stocks of the United States in accordance with the proclamation, bearing the same date as this order, relating to the coinage of silver, and there shall be returned therefor in standard silver dollars, silver certificates, or any other coin or currency of the United States, the monetary value of the silver so delivered (that is, $1.2929+ a fine troy ounce), less a deduction of 61 8/25 percent thereof for seigniorage, brassage, coinage, and other mint charges, as provided in such proclamation; that is, the amount returnable for the silver delivered in accordance herewith shall be an amount equal to 50+ .– a fine troy ounce, which amount is not less than the fair value, at the time of this order, of the silver required to be delivered hereunder as determined by the market price over a reasonable period terminating at the time of this order.
What years are the 40% and 90% silver coins or how can I find that out?
Thanks.
Terry
1964 and before for most…
Thanks for the info on the “decoy” safe, I may do as you suggest, a small safe in the closet weighted down.
If they break in when I am home, in my state, uninvited guest risk their lives, as we have the right to protect ourselves/homes. I have spoke to several Police officers who confirm this. I’m not worried about when I am home, only when I am out.
We as citizens have allowed all of this entire ugly catastrophic mess that we call government to become fully and without any doubt the most corrupt criminal murderous uncaring government in the entire world.
Congress and their Federal Reserve System Owners have robbed and stolen the nations entire wealth.
so, I buy from Bullion Direct Inc. Great Prices on any silver and always delivers.
Great article. What I need to know is what can I do with my 401k. I want it to be safe and untouchable by undesireables. The options within the plan itself are pitiful and certainly not safe. Please help!
very good information, and some good questions asked. I recently installed a good floorsafe. In addition to some buried assets, I’m pretty much relying on this method to hide my stash. I’m not worried about any confiscation, because if things have gotten that bad, the government will have many more problems to contend with. I have been buying junk silver almost entirely. With is ease of use, and different denominations, and lowest preminums over spot, it’s a no brainer. Plus, everyone knows what US coins look like.
One suggestion that I would make. learn the weight conversions of various US coins, and commit it to memory. How many dimes,or quarters, or halves, to make one troy ounce.?? In the absence of scales, simple pencil and paper will work to figue out an exchange rate.
Lastly, I have been dealing with gainsvillecoins for a long time. I have never had a problem, and they are always among the cheapest dealers. I have no affiliation with them , other than being a satisfied customer.
Keep stackin!!
I started buying silver here in Japan early in January. The only thing that I could get was “tsubu” or silver beads – the kind that would be bought and used by jewelers and factories. I buy them in one kilogram bags. They are loose and unmarked, but the metal shop is a nationwide chain and well-respected. If I ever want to sell, I imagine I would have to have them assayed, which would be a pain in the butt. But again, it’s the only thing that I found available.
Any thoughts?
I’m not a rich guy, not even close; but I too realized I had to do something to gain something of tangible currency not based on the fiat system.
I’ve begun buying silver too; just 3 oz at a time cause it’s all I can afford, but in doing so, I’m making progress in accumulating real financial protection instead of just talking about it or wishing for it.
I’ve used GoldLine thus far and find the process easy, reliable and with a trusted name to go along with it.
If you can afford $150 US currency per month, use it to buy real money, 3 oz at a time.
God Bless all of you & thank you Silver Shield for your report and your service. You sir are a true patriot! You’re not alone either.
I suggest http://www.silverstockreport.com with Jason Hommel for great silver info. He also has a store that can deliver at great prices.
Drilled and lead filled 100 bars are easy to detect using the “ping” method. Simply suspend the bar in a plastic bag and strike it with solid steel object such as a 1/2″ steel bolt. Pure silver will have a distinctive “ping” sound where as a lead filled bar with have completely different sounding “thud” kind of sound. This works with any size bar from 1 oz to 1000 oz size bars.
We started an MLM company selling Silver American Eagles to try and get it into the hands of more people. Nothing like building a business helping people protect themselves financially.
I see that apmex sells industrial silver,low premiums.Any thoughts?
Todays metal detectors are able to detect which metal it is, so decoy spikes etc won’t help much.
What if your stash was under a steel plate?
Good article, thanks. I use http://www.globalsilverinvestors.com for my source. They only sell silver medal rounds at spot price plus $1.25.
Are Roth IRA’s a safe way to own mining stocks?
I believe that all paper assets will be destroyed in a hyper inflationary world wide depression. I further believe that governments will seize anything to stay in power including IRAs and mining companys assets. The only safe and logical place IMO is physical silver in your hands. DYODD.
Silver Shield – another safe investment is to stockpile stuff you always use. Clothing, household goods, and the like. Prices are only going up due to over printing of fiat currency, so rather than put your money in the bank and loose on inflation you turn your money into tangible goods and preserve your wealth that way.
PLUS, should the S hit the fan you will have a good buffer to ride the tough times while your neighbors go without.
I would say that Mental Preparation is the most important thing you can be doing, go to SonsofLibertyAcademy.com.
Physical Preparation like food, water, supplies, guns and ammo is next on the level.
After that, silver is where it is at.
Here’s another site where you can purchase silver coins and bars on a dollar cost average basis – https://silversaver.com/share/43JNH
Serious question:
What is the end game? In the 80s I believe that PMs gained considerable monetary value, but then went back down to around $200. So, my question is when do you sell? If the dollar somehow survives the next couple of years, the PMs acquired now will be worth way less than we paid as the economy recovers.
I know a guy who buries his bullion by stacking it in various sized PVC tubes according to coin diameter. He glues a cap on both ends, then digs a vertical hole with a posthole digger. He buries the pipe vertically so the ” footprint” is small to a metal detector. When glued the pipe is waterproof. Oh, he also puts some cloth inside on both ends of the tube, so when he cuts it open it won’t damage the bullion. He has multiple tubes of various lengths and diameters buried at his secret location. That’s how I would do it.
I have ordered twice from Lear Capital on line. The process on line is very simple. The first order of four Silver Coins took a while because I mailed them a personal check and it had to clear the bank. The shipping, handling and insurance charge was $24. That shipped came by Fed-Ex who called to let me know the time they would deliver.
I am now waiting for my second order of 6 American Silver Eagles. The s/h and insurance fee was also $24.
You said at the end…
“If the government needed silver it would just take the future production from domestic mines. That is another reason not to buy mining stocks, worldwide. ”
i disagree… i would surely have a publically known holding in Gold or Silver mining producers…
the gov’t, even a gov’t in anxiety would not 100% completely confiscate your Equity holdings in a PM mining producer..
they will compensate you with continually lesser valued Fiat FED Reserve Notes
but that in itself will throw the bloodhounds off your trail and the various physical Precious Metal ‘stashes’ you have hidden as you outlined in the article.
the other benefit of holding Stock/PM mining stocks is that one can enjoy the rapid increase in one’s Principal $$…as i do currently while riding the wave crests and valleys in my buy-sell model…. basically my $9k investment has provided me with $20k in cash and my principal has only been reduced to $7.5k…
(but i’ve been surfing this action since Y2K)
Mining Stocks, Forex, Stocks, Bonds, Real Estate, Cash, Pensions, 401Ks, IRAs, etc work while the music is playing…
Make sure you take your winnings off of the table.
It is dangerous trying to pick up pennies in front of a tsunami.
It is better to be years ahead of this than 1 day too late.
That was very informative. Thank you for sharing with us.
Semper Fi
Semper Fi brother.
Semper Fi my brother.
Search engine, Open Letter to Blythe Masters, Wynter Benton.
What one said would happen, did happen.
bad guys, agents us guvmin will take anything, find, want, or needed period. Look at history
in good old USA. Doubt you will be any to hide anything of value. The facts of life, if i
see you, or your family then you have something of value. 200 years ago american indians
lost and stole whatever needed. Most valuable is food, keep your gold / silver. It is food
first then lead and brass. Go hungry or live on side walk for days you will discover what
is important today. Forget what bad guys want, for it will be gone no matter what your do.
Militia of none, no guns , no ammo. 2011 kalifornia sucker.
Well that is inspiring…
I have quite a bit of money tied up in an IRA. Is there a logical way to borrow against the IRA to buy physical silver or gold? Otherwise the value of the IRA is going to continue to erode. thanks
@Yuzuru – I think you could be putting your coin to better use than buying tsubu…too much trouble to convert. The short answer is there are tons of what we would call pawn shops in the major cities and most jewelry or mom & pop watch repair shops have connections if not the actual goods. How’s your Japanese? Can I assume you’re an expat or military member? If so you can get it shipped to you from abroad or have it shipped to your home country and hold it there. If you’ve got more questions about Japan I’ll try to answer – Rommel1891 at yahoo.
If you bury your silver in the ground, bury it deep and scatter a bunch of buckshot, birdshot or BBs in the area to throw off metal detectors. Treasure hunters will find a few shots and assume the area is contaminated by hunters.
Here is anoher dealer in Vancouver BC Canada – wwpmc.com. Ask for John Downes at
1-866-623-2002. I personaly bought 100 oz about a year ago I had it in my hands 3 days later delivered via Canada Post. But being Canadian all I had to do was deposit the money in his bank account via a local branch near me. You can even buy on margin if you wish. As far as Im concerned the Tuesday night emails from him are simply the best.
Daniel – Toronto
Lear Capital has the lowest premiums I have seen, and the purchasing process was very easy. I was able to pay by bank transfer for faster delivery. Product was of excellent quality. Camino Coin is also a reliable source, but they take a little longer to deliver.
You can use an Open Opportunity IRA to hold anything you want Go to http://www.thedailybell.com/1247/Terry-Coxon-Protecting-Your-IRA-Part-1-The-Danger.html
An excerpt below:
With an Open Opportunity IRA, the custodian you select holds just a single asset -the shares in a limited liability company (LLC) that you manage. You deal with the custodian just once, when you set up the structure and roll your IRA assets into it. From there on, you are in charge.
As Manager of your IRA’s LLC, you open a bank account for the company wherever you want. The checkbook sits in your desk draw, and you are the only one who signs. You also can open a brokerage account for the LLC and give the buy and sell orders. But that’s only the beginning of the possibilities. Acting as Manager of the IRA’s LLC, you can:
• Buy gold coins and store them however you think fit – in safe deposit box at your local bank, in a Swiss depository or in a mayonnaise jar in the back of your refrigerator. You decide.
• Buy real estate, for appreciation or income
• Attend auctions and buy foreclosure property (as Manager of the LLC, you have full power to act quickly)
Interesting for people to look into.
I took the tax hit and silver has more than made up for it.
when do you sell? Everytime I sell I make double my investment but lose when the price keeps climbing—–thanks—–jon baker
Hi Chris,
Thanks for your articles, very informative! My question is about buying silver online. Do you have any concerns buying online using your credit card? Does doing so send up a red flag to ‘Big Brother’? I noticed APMEX accepts credit card, but not PayPal and was just wondering if this should be a concern.
From what I know it only raises “red flags” if you spend more than $10,000 at a time. Money laundering…
You are NOT doing anything illegal and you have nothing to be afraid of.
There are some really big buyers out there who have bought much more than you probably will.
If it comes to somebody knocking at your door about your purchases, tell them to buzz off.
If the government gets more rapacious than that… Well we have much bigger problems to worry about.
I have a company directed 401k that is now sitting in the cash market. I would like to roll this to a tradional IRA in physical Silver and take delivery. Do you know anyone that can help me with this that I can trust.
Thanks,
Jeff
I have been accumulating physical silver since 2002 and helping investors protect and preserve their wealth.
Please email me for a “trusted source, low fees, and timely delivery of bullion.
With Silver Eagle premiums rising and availability becoming issue, you will wan to develop other sources of bullion that will give you value as well.
Metal detector fear is completely overblown. Who is going to take time ( and turtle steps) scanning enormous area of the national park, and especially steep grades? Relax people…
How do I take my silver oversees to India. How much is safe not to cause red flag and how soon do I need to get it done before the price skyrockets. Will the custom care about 100 Oz of silver at a time, how can they question me and what should be my response. I am more worred about the US custom rather than Indian.
I took some silver a few months ago and had a harder time at Heathrow, not so much at JFK. I had 25 Oz each in my two checked in baggage’s the lock were broken and ropes cut NY customs (they left a note) nothing was mising and silver was safe.I also had 85 Oz and 5 gold mapel leaf 1 ox coins.I was able to also take that with me…thanks for any tips and advice
If you take silver eagles, it says One Dollar on them.
Bring a hundred and declare $100.
Honestly I have heard many people getting confiscated while traveling.
You are better off selling the silver in one country and buying it in the country you want to keep it in.
Or you could do what Goldfinger did and make a car out of silver, ship the car in your private jet and melt the car down in your home land.
Hi:
I noticed a few people asked about what to do with their 401k/IRA, as to how to convert that to physical silver and no one never really answered them. I too, would like to know how best to go about getting out of a 401k/IRA and into physical silver, would someone please advise on how best to go about this?
be waiting for an answer, Dave
Last year I took the tax hit and cashed out my IRA.
Some said there was a way to have a self directed IRA and keep the physical silver.
Submitted on 2011/03/08 at 1:22 pm
You can use an Open Opportunity IRA to hold anything you want Go to http://www.thedailybell.com/1247/Terry-Coxon-Protecting-Your-IRA-Part-1-The-Danger.html
An excerpt below:
With an Open Opportunity IRA, the custodian you select holds just a single asset -the shares in a limited liability company (LLC) that you manage. You deal with the custodian just once, when you set up the structure and roll your IRA assets into it. From there on, you are in charge.
As Manager of your IRA’s LLC, you open a bank account for the company wherever you want. The checkbook sits in your desk draw, and you are the only one who signs. You also can open a brokerage account for the LLC and give the buy and sell orders. But that’s only the beginning of the possibilities. Acting as Manager of the IRA’s LLC, you can:
• Buy gold coins and store them however you think fit – in safe deposit box at your local bank, in a Swiss depository or in a mayonnaise jar in the back of your refrigerator. You decide.
• Buy real estate, for appreciation or income
• Attend auctions and buy foreclosure property (as Manager of the LLC, you have full power to act quickly)
I checked with the govt sponsored MMTC centers in Delhi who sell silver they were out of 1 K. G. bars since Diwali (Hindu festival last Oct). I deal with HDFC bank that has a advertisement to sell gold and silver. But when you go to buy silver they say they are out of 50 gm sussie bars, after digging some more by the bank they found 5X 50gm bars at another location. I am interested to buy in Kg not gm.
I found 500 gm bars at official govt shop (mmtc) and they were sellinga at 40 % premium.There are a lot of silver shops in the city and they have never come across candian maple or american eagle. They have junk silver and jewelery. They make their own silver coins with Hindu gods…I am a christian so I would never buy something with a idol on it. I fear my zealous God of the bilbe.
One good thing that I found was that the bank readily give you a loan against your gold 30% below spot at 12% interest…which is great I hopethat we can some day get a loan aganst silver coins.
I don’t know of anybody who collects silver in India so far !!
So to answer your question it is difficult for me to sell my silver and buy it in another country any other options..thanks SS
I’ve bought silver at APMEX, Bullion Direct both are excellent, I’ve bought and sold on Bullion Direct’s Nucleo exchange- sellers list bullion for sale and asking price; buyers list what bullion they want to buy and price to pay, Bullion Direct handles the transaction for 1% on. buy and sell side. I sold gold and kept my proceeds in my account there, and then purchased silver from account, a good way to convert gold to silver without paying taxes on profit from gold sale.
CRUSH JP Morgan – Buy Silver
http://www.youtube.com/watch?v=wN0rcNJXFfI
I have made most of my purchases at Colorado Gold.com. Very nice people and prices are competitive. Never had any
issues; deliveries were always quick. Of course now, a short delay in delivery as metals become more scarce.
Just came across your web site. Enjoyed your article Get it Now. My questions as a beginner in buying silver should I keep my purchase with Silver American Eagles. Looking to purchase 6k plus. I have talked to a person at Merit that sells silver and he suggested that I buy JFK uncircualted. Because they retain their value better with flucating silver market. Where American Eagles can drop or increase with the market more rapidly. He also mentioned with selling back Silver American Eagles it will trigger a 1099 misc.
JFK uncirculated have lower premiums because it was money from the government. Silver Eagles had per coin premiums of $1.49 a coin and they are double that now. As far as retaining value better, I don’t by that the Silver Eagle is the Cadillac of silver coins and are always in high demand. That being said I do recommend starting off with junk silver and then Silver Eagles simply because you can buy more for less and in smaller quantities.
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