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Newb at buying silver and gold,need some direction please.
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<p>[QUOTE="Evom777, post: 991616, member: 27123"]One of the greatest traps about collecting anything, for any reason, is that people tend to become partial to things that were initially meant to be sold at a later date. The question You need to ask Yourself is whether or not You will be able to "pull the trigger" when it is time for You to sell. </p><p>Regarding silver...I have some that is much more bland than others....therefore it will be much easier for me to unload it when I want or have to. (compared to some pieces that I might be a little partial to) </p><p><br /></p><p>Bottom line is that You need to shop around for the best prices, (and they WILL vary) and go from there. If You`re looking to cash out in a year though, and have $150 to invest....personally I would go with silver. (either junk, or bullion) Older coins are roughly 90% silver, compared to bullion which is .999 fine. Some Canadian issues are even a little finer at .9999, and therefore will cost a tad more. Keep in mind that when selling back to a dealer You will get a little less than spot value regarding bullion, and of course even lesser regarding 90% junk silver. Every dealer has different buy-back rates. If I were in Your shoes,(and I once was) I would stay away from anything graded and stick to junk or bullion. (just my opinion) </p><p> </p><p>Keep a level head and realize that anything could happen as well, even though I personally think that silver is a steal at its current levels.....only the Lord knows what the future holds. Good luck with everything, and stop by these forums again. : )[/QUOTE]</p><p><br /></p>
[QUOTE="Evom777, post: 991616, member: 27123"]One of the greatest traps about collecting anything, for any reason, is that people tend to become partial to things that were initially meant to be sold at a later date. The question You need to ask Yourself is whether or not You will be able to "pull the trigger" when it is time for You to sell. Regarding silver...I have some that is much more bland than others....therefore it will be much easier for me to unload it when I want or have to. (compared to some pieces that I might be a little partial to) Bottom line is that You need to shop around for the best prices, (and they WILL vary) and go from there. If You`re looking to cash out in a year though, and have $150 to invest....personally I would go with silver. (either junk, or bullion) Older coins are roughly 90% silver, compared to bullion which is .999 fine. Some Canadian issues are even a little finer at .9999, and therefore will cost a tad more. Keep in mind that when selling back to a dealer You will get a little less than spot value regarding bullion, and of course even lesser regarding 90% junk silver. Every dealer has different buy-back rates. If I were in Your shoes,(and I once was) I would stay away from anything graded and stick to junk or bullion. (just my opinion) Keep a level head and realize that anything could happen as well, even though I personally think that silver is a steal at its current levels.....only the Lord knows what the future holds. Good luck with everything, and stop by these forums again. : )[/QUOTE]
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Newb at buying silver and gold,need some direction please.
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