Investing in Silver and Gold Safely and Quickly

So you want to invest in silver and gold now? There are a few ways to do it, but only one way that is best for most small to average size investors. Lets go over a few of your silver and gold investing options.

First, you can just go over to your local coin shop and buy physical gold or silver bullion in the form of gold or silver bars or coins. This is the fastest way to get gold and silver in your hands, but its not the cheapest. When you buy precious metals from a coin dealer, the dealer will usually charge you a higher premium than other sources. For instance, if the price of silver is currently $18 an ounce, a coin dealer could charge a 12% premium which would mean you would pay $20.16 per ounce of silver. This is just the premium for generic silver. If you want to buy specific types of silver bullion or coins like American Eagle Silver Dollars, the premium will be even higher!

Next, as you’ll see below, you can buy silver and gold directly from Amazon.com, however, this isn’t that good of a deal either plus you have to pay for shipping.

There are also what is known as “Silver or Gold ETFs”. ETF stands for exchange traded funds. These are basically funds set up to track the price of silver or gold. So if you invest in a silver ETF, each share should(not always) go up and down with the price of silver. The problem with silver and gold ETFs is that you do not actually own any silver or gold and cannot exchange your shares in for real silver or gold. ETFs were the brainchild of Wall Street and the fix is in on many of them. If you’re looking to invest in silver now, stay away from these guys.

So, in my EXPERT opinion, the best way to start investing in silver and gold now for the small to average size investor is through a service like Silver Saver. Silver Saver lets you start investing in real silver in automatic weekly or monthly increments or a one time purchase. The minimum purchase is only $25. My favorite way to do it is to set up an automatic investing plan with them for $250 a month. This means that each month, Silver Saver will deduct $250 from my account and buy $250 worth of silver. That silver is then deposited directly in my account. I can chose to let them continue to store it in the Delaware State Depository or I can choose to have the physical silver delivered directly to my home.

The cool thing is that if you set up an automatic investment plan with silver saver, they only charge you a 7% premium. Much less than Amazon and your local coin dealer. Plus, Silver Saver also gives you a “Silver Rewards” link. If you have any friends who are interested in investing in silver and you pass your silver rewards link onto them and they start saving in silver with silver saver, you get 50% of the premium they pay silver saver. Silver Saver pays this premium to you in silver! So if you get five or ten friends to start investing in silver, you could end up earning a ton of free silver every month.