tag:blogger.com,1999:blog-8964596045360803212.post578301455899659196..comments2023-10-11T04:38:51.793-07:00Comments on Accept The Challenge: Precious Metals ConundrumChief Instructorhttp://www.blogger.com/profile/13604561415860237705noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8964596045360803212.post-26566175205621396332014-11-23T10:24:01.576-08:002014-11-23T10:24:01.576-08:00myadventures: I too, am mostly buying silver as o...myadventures: I too, am mostly buying silver as opposed to gold. The ratio right now is north of 70x, which is just insane<br /><br />If you must buy online, APMEX is one of the very best and trustworthy companies I can recommend. Our store actually uses them when we sell excess bullion (which hasn't happened in a LONG time now!).<br /><br />That being said, if at all possible, try to pay cash at a local coin shop or bullion dealer. There is then no record of what you bought. Every credit and debit purchase made to any mid- to large-sized online dealer is reported to the IRS.<br /><br />TOR: To determine your premium-over-spot, take your price per dollar face, and DIVIDE by 0.715 (the ounces of silver per dollar face). Then subtract the spot price per ounce, and you'll see your premium.<br /><br />For instance, on APMEX, they're selling junk silver for $14.65 per dollar face. Divide that by 0.715 gives you $20.49. Subtract spot (which is $16.40 at this second) and you get a premium of $4.09 per ounce.<br /><br />Normally, junk silver runs about $2.50 over spot.Chief Instructorhttps://www.blogger.com/profile/13604561415860237705noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-22140996909021014372014-11-22T07:36:02.555-08:002014-11-22T07:36:02.555-08:00When silver kept slipping down in price I bought $...When silver kept slipping down in price I bought $10 face in 90% from my chosen dealer. He seemed to have all the normal stuff in stock. I'm not sure how the % of the price that was premium is compared to the past but it seemed reasonable.<br /><br />Ryanhttps://www.blogger.com/profile/09612373437033635765noreply@blogger.comtag:blogger.com,1999:blog-8964596045360803212.post-86594055232551582722014-11-21T19:44:47.897-08:002014-11-21T19:44:47.897-08:00I bought few more Oz. and got free shipping via AP...I bought few more Oz. and got free shipping via APMEX. Premiums are getting higher but you can still buy silver bullion coins and bars for under $20.00 per oz. Getting physical silver is getting a bit more expensive but it is doable if you shop around. <br />I'm not looking at silver as an investment as much as I'm looking for a bit of inflation/fiat currency insurance. I have junk silver for barter and I hope my bullion will pay off home or buy land if the economy tanks. Food water,heat security are good to go, so why not Dollar cost average a bit of PMs. With the traditional ratio of 15/1 of gold vs. silver and gold is $1200 per oz. Silver should cost about $80.00 per oz. So anthing in the $20.00-$30.00 makes silver a bargain!Anonymousnoreply@blogger.com