Where do you buy gold and silver?
I’ve heard the ads on the radio just like everyone else and looked into Lear. It all seemed like high-pressure sales and turned me off. I came away feeling that I was about to WAY over pay.
So how’s a novis dip into gold and silver without feeling like they’re over-paying?
Take your time. Bookmark Kitco.com and look at their gold and silver spot charts. Follow them for a while until you get an idea of how the spot market acts.
Find a dealer who prices their stock in relation to spot, preferably updating in near real time. Depending on the metal and it’s popularity, the surcharge may range from 99 cents per ounce to $70 or more. Be leery of dealers who won’t put prices up on their websites. Many want their salesmen to twist your arm over the phone.
Some also push numismatic coins (which carry a much higher premium) over plain bullion. If that’s your bag, fine. Caveat Emptor.
Start out with a small order-5 oz. of Silver Eagles, for example, so you can learn the ropes of payment and delivery and the dealer can establish you as a good customer.
My first wife’s chiropractor’s mother-in-law has had good luck with Gainesville Coins.
I buy mine from APMEX.