Anyone use silversaver.com to buy silver/gold?

I know that dollar cost averaging effectively lowers your cost since you don't risk going all in at a high point.

I want to add a tube f ASE per quarter but would like to accumulate additional on a systematic plan and not try to time things.

Let's say you invest $100 regularly. A certain percentage of this is a cost to silver saver. You buy the metal with the rest. To convert you pay a premium (in ounces) depending what you convert to. This covers cost and shipping.

The real question is this cost on both ends what you would eventually pay in the markup and shipping for an online dealer?

Anyone doing this with story good or bad?

 

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I have similar questions... I'm looking into Silver Saver also. It looks like it could be a good program to get started with. It looks to me that you really don't get a great deal until you have built up your purchase history with them. Which isn't a bad thing if you're looking at years of purchasing.

 

It looks like it costs the same if you take delivery but is cheaper if you hold and then sell. In the example you could get 20 oz from an online company or for the same amount get almost 23 oz from Silver saver. To take delivery it would cosst about 3 oz to deliver 20 oz.

I know a lot of people say its not yours unless you are holding it. For this I still think you need to have physical PM in your possession but does it need to be ALL. I don't think so. If you don't take delivery you can get more exposure which in the end everyone wants more for their dollar.

 

For me, I like to have physical PM in my possession. It's just really simple to sell it off quickly if you should need to and get quick cash. I also feel better about actually having it. I'm not a doomsday kind of person but if the dollar should completely fall apart I would feel much better about owning physical PM. I agree with you, I don't think it needs to be ALL either... wisdom would say to not keep your "eggs in one basket." I think that's how the saying goes. I should be able to consistently buy more silver this fall starting around October, so I'm considering Silver Saver also. I think until then I'll read more about the program and just get a good knowledge base and some more information. Are you considering buying from them on a consistent basis?

 

In the situation of selling it seems like its better to go with them. In the example I looked at I went to an online dealer and determined the cost of 20 ASE. I took this amount and it would get me 3 oz more on silversaver.

I am thinking of adding a certain amount of physical PM (say at least 2 to 4 tubes) per year but this seems perfect to set up a weekly buy and not have to worry about catching the falling knife.

 

Yeah... I think this is a good time to set up a weekly buy. Even if the prices did fall some I think we'll see silver recover nicely in the future. I wish I had a little more cash on hand right now to pull the trigger.

 

Why pay someone a storage fee to hold your bullion for you and also pay them again when you take delivery? They require a minimum of 20 oz of silver or one oz of gold for you to take delivery anyway, so wouldn't it be much easier to simply buy the bullion yourself and not pay any fee's. I can't see why someone would want to pay someone else ? Just hold onto your funds yourself then buy instead of giving someone else a profit for essentially doing the same thing anyways. I mean you'd be paying 3.49% over spot price each oz until you've invested 100k with them and that doesn't include your monthly storage costs and transaction fee's, etc. Basically programs like this imo are designed simply to make the owner/operator profits not to help others.

Not to mention if they went under you'd be pretty much SOL if you had a good amount of bullion in your account as they store your account mostly as bullion owned only not as a cash account.

What is not insured by the FDIC?

• Contents in a safe-deposit box
• Money market mutual funds
• Annuities
• Stocks
• Bonds
• Treasury securities
• Any investment product whether purchased through a bank or a broker/dealer