I need to buy me some more silver…..
You won’t get rich stacking silver, but you won’t go broke either. Hardest part is getting good value when you want to sell it.
This is timely. I bought 30 more ounces yesterday.
As others mentioned, be very cautious and suspicious of sellers. Lots of Chinese fakes being peddled. The fakes silver dollars are being sold to scammers for a buck or two, who then try to sell them for $22 to $40 each. Yep, worth $1.88 or so, and nets a profit up to 20 times that for the scammers.
First ones were detected because of missing notches on the rim and being magnetic. Counterfeiters then fixed that, but coins are still underweight. Newer fakes are very similar in weight, non-magnetic, and with a thin coating of silver look real. You need an x-ray detector to confirm whether it is silver or copper interior.
a good way to buy silver without as much worry of getting ripped off, is to buy bags of so-called “junk” silver, that is, U.S. silver coins no longer in circulation that have no collector value ... one bag is equal to $1000.00 face value of the coins in the bag, there are also half bags and quarter bags ... these bags are heavily traded and have a repetitively thin price differential between buy and sell prices ...
the standardized silver content of U.S. coinage also has the advantage of being able to be useful in commerce should the shit totally hit the fan ...