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<p>[QUOTE="Jason.A, post: 2776643, member: 87620"]In terms of what to buy, there are a couple different sound strategies: </p><p>1) Set aside that 5-10% of what you would contribute to your savings/investments, and use that on silver and gold. </p><p>2) Set times of the year where you will spend that same amount on larger purchases (such as an ounce of gold or tubes of silver)</p><p><br /></p><p>The advantages of those strategies are as follows:</p><p>1) You get to buy every month and have fun. You also don't have to bother watching spot prices much, since you are buying every month. </p><p>2) When you buy an ounce of gold all at once the premium is usually only $30-$50, whereas if you are buying 1/4 oz or 1/10 oz to get up that same 1 oz total you will pay premiums of $75-$100. Same with a tube of Silver Eagles or Maples. Buying many at once will save you a lot on the premium.</p><p><br /></p><p>The disadvantages:</p><p>1) Buying monthly costs you more</p><p>2) Waiting to buy at set time each year makes bullion investment feel more like traditional investing. It's just not as fun to buy at regular intervals than to buy all the time. </p><p><br /></p><p><br /></p><p>So what should you buy?</p><p><br /></p><p>Avoid generic bullion. Especially avoid generic gold. For all gold, buy AGE, Gold Maples, etc. Generic bars may be cheaper right now, but when you go to sell in the future you will not recapture any premium (you may even have to sell under spot) and counterfeits are rampant (Perth bars, etc). It is extremely difficult to counterfeit Gold Maples, on the other hand. </p><p><br /></p><p>Silver: buy what you like in the government issued category. You'll have more leeway here because silver is so much cheaper than gold. I like to buy a wide variety of the things I like. My favorites are Silver Maples, Mercury Dimes, Canadian currency, and Britannias. All of these are very easy to resell. Maples, Mercuries, and Britannias also always regain their above spot premium. Reselling 80% Canadian currency is a little more difficult and often results in a spot only resale.[/QUOTE]</p><p><br /></p>
[QUOTE="Jason.A, post: 2776643, member: 87620"]In terms of what to buy, there are a couple different sound strategies: 1) Set aside that 5-10% of what you would contribute to your savings/investments, and use that on silver and gold. 2) Set times of the year where you will spend that same amount on larger purchases (such as an ounce of gold or tubes of silver) The advantages of those strategies are as follows: 1) You get to buy every month and have fun. You also don't have to bother watching spot prices much, since you are buying every month. 2) When you buy an ounce of gold all at once the premium is usually only $30-$50, whereas if you are buying 1/4 oz or 1/10 oz to get up that same 1 oz total you will pay premiums of $75-$100. Same with a tube of Silver Eagles or Maples. Buying many at once will save you a lot on the premium. The disadvantages: 1) Buying monthly costs you more 2) Waiting to buy at set time each year makes bullion investment feel more like traditional investing. It's just not as fun to buy at regular intervals than to buy all the time. So what should you buy? Avoid generic bullion. Especially avoid generic gold. For all gold, buy AGE, Gold Maples, etc. Generic bars may be cheaper right now, but when you go to sell in the future you will not recapture any premium (you may even have to sell under spot) and counterfeits are rampant (Perth bars, etc). It is extremely difficult to counterfeit Gold Maples, on the other hand. Silver: buy what you like in the government issued category. You'll have more leeway here because silver is so much cheaper than gold. I like to buy a wide variety of the things I like. My favorites are Silver Maples, Mercury Dimes, Canadian currency, and Britannias. All of these are very easy to resell. Maples, Mercuries, and Britannias also always regain their above spot premium. Reselling 80% Canadian currency is a little more difficult and often results in a spot only resale.[/QUOTE]
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