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Newbie here, looking for guidance buying bullion as investment
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<p>[QUOTE="Cloudsweeper99, post: 636058, member: 3011"]I think you are better off with silver than gold, but it is difficult to be dogmatic about it. Both are good. You have a good grasp of the basics. One thing to consider is that it is probably more important to buy something of quality like an ASE than damaged or junk silver because it will be easier to resell. Others may disagree. Another thing to consider is that it is important to buy low than to buy close to spot. For example, it is better to buy an ASE for $16 when spot is $14 than to buy at $18 when spot is $17. Personally, I think that all silver prices below $20 will turn out to be excellent entry points ten years from now. Remember, the spot price is a paper price for settlement on the futures exchanges which more often occurs in cash than in physical bullion. So don't get hung up on the spread.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 636058, member: 3011"]I think you are better off with silver than gold, but it is difficult to be dogmatic about it. Both are good. You have a good grasp of the basics. One thing to consider is that it is probably more important to buy something of quality like an ASE than damaged or junk silver because it will be easier to resell. Others may disagree. Another thing to consider is that it is important to buy low than to buy close to spot. For example, it is better to buy an ASE for $16 when spot is $14 than to buy at $18 when spot is $17. Personally, I think that all silver prices below $20 will turn out to be excellent entry points ten years from now. Remember, the spot price is a paper price for settlement on the futures exchanges which more often occurs in cash than in physical bullion. So don't get hung up on the spread.[/QUOTE]
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