Is There Any Way To Purchase Silver For Spot Price

What is the cheapest and most secure way to purchase American Eagle gold coins?

There are a number of ethical dealers of precious metals. The best place to buy gold is through a well-established gold dealer. An ideal dealer would be one who does large business at somewhat low price.If you’re investing in gold, remember that it’s a commodity, and it’s up to you to make sure you’re not overpaying. The day you buy, check the spot price of gold (available at many Web sites, such as www.goldprice.org). Don’t pay more than a 5% to 8% markup over the spot price -- that’s the typical premium.To find a dealer near your home: Official US Mint Store (Submit your zip code and find closest dealer)Here are some links to reputable online sites, with good reputations. They are listed in no particular order. When comparing prices, don’t forget any shipping costs.Best Way To Purchase Gold & Silver *How do I Buy Gold and Silver? Best Place to Buy Gold Bullion is APMEX *Provident MetalsGold Bullion | SilverTownePinehurst Coins (PCE, Inc.)Gold Bullion - ModernCoinMart*All of them, like any other businesses, claim to be “best”**Don't buy gold from a cold caller over the phone or “as shown on TV”**

How do I make profit from silver. When do I buy and when do I sell. What factors do I need to consider. What is spot price.

To start, I like to think of the spot price as the value of a raw ounce of silver. No one in the industry can purchase silver for the spot price. Even silver shot used to make bars and rounds will have a premium attached to it.I would be careful about who you trust for spot price quotes. If you compare dealers, you will see some are inflated by several cents. I like to use this dealer.There are 4 factors to consider when purchasing and selling physical metal. The first is the spot price. The second is the premium over spot. This is determined by what product your are purchasing. For example, the US Mint charges about 4 times what private mints do for the production of their product. The third factor is shipping and insurance. Some companies will either ship for free, or have a certain purchase level where you get free shipping. The fourth area is the buy/sell spread. Each product will have slightly different value when it comes time to sell. For example, 1 ounce bars are typically sold close to the spot price. Whereas 100 oz bars will often be discounted .25 per ounce (or more). It’s important to know how much you can get for your silver when determining your break even point.Take your buy price and subtract the sell price, this is the spread, This is the amount of money the market needs to gain in order for you to break even. Anything above and beyond is profit. As to how much profit is enough, that is a personal decision. Although I would recommend taking money off the table in increments. Take 10% of your investment and sell with relatively little profit, say $1–2 an ounce. Take another 10% and set a higher sell target, etc. You can always try to time a market top, but historically that is very hard to do.

What's the best way to get silver close to spot?

The first thing you should know is that silver - especially in small denominations, is selling at a significant premium vs. gold. For example, I just looked up the price of a 1oz silver American Eagle on Apmex, and it's selling for $42.06 (which is 20% above current spot of $35.09). And this is before adding shipping fees, or deciding to pay with a credit card!Type of bullionThe type you buy will impact the premium. My understanding is that bars or rounds go for a lower premium than coins. You can also look into 90% or 40% bags, which are less pure but are probably the best "deal" if you don't care about form factor and are OK accepting a bit of purity. Just make sure that you factor the lower purity into your assessment of the price!Places to buyLocal store. They tend to have bad hours, but you get the instant gratification. It pays to call around to a few stores if you're going to go this route - the prices can vary quite a bitOnline. If you're interested in buying online, definitely check out eBay at http://goldandsilver.ebay.com/ (full disclosure, I'm a bit biased since I work there). Otherwise, a few of the big online dealers are Apmex, Kitco, Blanchard, Goldline. The things to watch out for are: delivery time / pre-sales (can take several weeks) and shipping charges (many sites charge a minimum of $25 shipping - pretty pricey for a small order). Also, if you want to pay with a credit card, many sites won't accept them or if they do, they'll charge you a 3% fee. You should definitely factor shipping and credit card fees (if applicable) into your calculation of the premium above spot that you're paying.

How would I be able to purchase Silver Bullion at the Spot price? (i.e., avoid paying a premium plus Spot price)

If you want to pay spot for silver, then pay spot for silver. You will have fewer sellers willing to transact with you, but what do you care? Offer spot and hold out until someone agrees to sell at your price. It’s not like we’re talking about a retail product with a MSRP here.This is not a recommendation to buy silver now or in the future. I’m just telling you that, if you want to buy junk silver at spot, or at smallest possible markup to spot, you need to buy these coins:War nickel (1942–45.) The Jefferson nickel was 35% silver during WW2. A nickel weighs 5 grams; so a roll of these ($2 face value) contains 40 * 5g * 35% = 70g of silver which is 2.25 troy ounces of silver.JFK half (1965–70.) The first year of the Kennedy half (1964) was the last year for 90% silver coins. Until 1970, they did use 40% silver in the half dollar, but no silver in any other coin. A half weighs 12.5g, so a roll of halves ($10 face value) contains 20 * 12.5g * 40% = 100g of silver which is 3.21 troy ounces of silver.In my experience, you can buy these coins IN BULK from private sellers for zero markup over spot silver. But you have to do the leg work yourself. If you go to APMEX or whomever, you will pay a retail markup.

How can I buy pure gold and silver online?

There are a lot of online precious metals dealers. Make sure you do your homework and know who you are dealing with. There a lot of reputable dealers, but there are also more than the fair share of shady, not so honest ones, looking to make a quick buck off of someone that is not savvy to the world of precious metals. You can purchase bullion, at a small percentage over spot, in the form of bars, rounds, or coins.Be careful about getting talked into numismatics/collectibles/graded/proofs, all which can carry a very large premium over the spot price. In most cases you will never recoup that added premium you paid.You can purchase silver as high as .99999 pure silver and gold that is 24k or .9999.

How can one obtain precious metals such as gold and silver at spot prices?

We represent local artisan miners of Raw AU Gold,Rough/uncut Diamonds and Copper from various communities here in Guinea. We are looking forward to getting International buyers and investors, individuals and cooperation's alike for sales of the minerals and partnerships in the mines.We sell our gold, diamonds and Coppers at a very competitive rates, and our procedures are very suitable.We also represent some communities and villages that have presentlymines for lease and some for outright sales .Interested persons and organisation may contact us for details.wacole20@gmail.com or call +224657913485Contact person: Walter ColeWe will appreciate serious buyers and partners.

Would you buy silver bullion if it was always available at the spot price?

I don’t know how you’d get silver at spot—if you do find it somewhere it’s probably a temporary sale, requires a high minimum, or is a product with questionable quality. For me it would have to be a silver Eagle, Maple Leaf or Philharmonic, and only if it came from a highly reputable dealer. The most common form of counterfeit silver is 1,000 ounce bars, so you probably want to avoid those.The bigger question to me is not the premium I might have to pay (which is always higher on silver than gold) but if I have enough ounces. There are times to be overweight an asset class and times to be underweight, and given the numerous overvalued market right now, along with the elevated financial risks in the system, particularly debt levels across the world, this is clearly a time, at least to me, to be overweight gold and silver. I wouldn’t buy just silver but also gold.Besides, premiums on silver right now are historically very low:[Source: Double Discount Days! Prices and Premiums Near Decade Lows ]Silver does require you to think about storage, but not buying it at all because it’s heavy or requires storage is like saying you won’t buy stocks because you have to use a broker. The easiest way to deal with silver is keep a little handy, and then use professional storage for the rest, the options of which have greatly improved and become much more affordable over the past 10 years: Secure Vault Storage for Gold and Silver And you can always take delivery if you want it.SLV charges for storage too and passes it onto the customer. And you can’t take delivery of metal if you want it at some point.I encourage you to think about how many ounces relative to your net worth you want to have, and work toward that. The price may not be done falling but dollar cost averaging can take care of that. Even though I have a fair amount I still accumulate because I want a portion of my savings in a hard asset instead of a paper asset, and because I believe this is a time to be overweight precious metals.

Gold: How do bullion dealers make money in when the spot prices are falling?

The only way to run a precious metals business and make money is to start with a dedicated inventory. This initial investment is just part of building the business. They will then hedge each sale in real time. This means when you buy a gold coin at a spot of $1300, the dealer will turn around and replace their inventory soon after at around the same spot price. A small slippage may occur and is built into the business model. In this way, both the customer and dealer transact business at the same spot price, and the dealer makes a small profit of 1–3% on the sale. Be very wary of any dealers who are not shipping product within a couple of days of the payment clearing. This often means they are using new sales to pay for old orders, and delays of weeks are the result.