How Much To Buy Gold And Silver

In recent reports we ve looked at the elevated bid ask spread in gold though not nearly as elevated as some goldbugs would have you believe and the elevated gold basis.

How much to buy gold and silver. The order threshold for free shipping is high at 3 000 but their tiered flat rate shipping fees are reasonable. Remember that 99 9 of us households own less than 1oz of gold if any. Gold trading for more than 1 300 an ounce is a much pricier investment than silver which currently costs about 15 an ounce. While it can be as important as investing in your future it can also be a fun shopping experience. Our gold cost calculator is a free interactive tool showing fees to buy store sell investment gold silver platinum bullion.

In addition to government mints you can also find gold coins gold bullion silver coins silver bars and more from private domestic and foreign mints. We ll get back to where we think the prices are likely to go in a bit. Understand the price terms before you buy a precious metals product you need to. If you want 3 000 month you ll need 1 800 ounces for one year or 9 000 if it lasts five years. Of course we can use both gold and silver to meet expenses.

The last time silver was 30 per oz was in 2011 and 2012 table 1 following the 2008 market crash. If we suddenly reverted to using gold and silver as currency again with only a few ounces of gold and a little more of silver you re going to have way more than most other people. Keith neumeyer ceo of first majestic silver predicts silver will hit an astounding 130 per oz in 2020. Buying gold and silver is a little different than your typical investment. Enter an investment value to see likely costs.

If you bought silver in 2008 your return doubled in 2 years time. Keith neumeyer s predictions and investments in silver rewarded him handsomely after the dot. In other words you could purchase more than 40 ounces of silver for. We use cookies including third party cookies such as google to remember your site preferences and to help us understand how visitors use our sites so we can improve them. This cost is passed along in the base purchase price of gold dealers.

How to buy gold silver bullion coins bars when investing in gold and silver for the first time it is very easy for customers to become overwhelmed by the many options offered to them. As an aside we continue to see articles that get the high gold basis exactly. Here are a few things you will want to know as you begin investing in precious metals. When will silver hit 30. For 1 000 month you ll need nine ounces of gold and 600 ounces of silver to get through a two year crisis period.