How Much To Buy Gold And Silver

Remember that 99 9 of us households own less than 1oz of gold if any.

How much to buy gold and silver. The last time silver was 30 per oz was in 2011 and 2012 table 1 following the 2008 market crash. Here are a few things you will want to know as you begin investing in precious metals. Enter an investment value to see likely costs. If you bought silver in 2008 your return doubled in 2 years time. The order threshold for free shipping is high at 3 000 but their tiered flat rate shipping fees are reasonable.

Keith neumeyer s predictions and investments in silver rewarded him handsomely after the dot. If you want 3 000 month you ll need 1 800 ounces for one year or 9 000 if it lasts five years. Buying gold and silver is a little different than your typical investment. So if the us mint charges seigniorage of 2 on a silver american eagle and silver s spot price is 15 coin dealers have to pay at least 17 per coin. This is the primary reason your purchase price will be higher than the spot price.

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. Keith neumeyer ceo of first majestic silver predicts silver will hit an astounding 130 per oz in 2020. For most people this will be a few thousand worth or a low 5 figure amount. Of course we can use both gold and silver to meet expenses. This cost is passed along in the base purchase price of gold dealers.

Our gold cost calculator is a free interactive tool showing fees to buy store sell investment gold silver platinum bullion. 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. For 1 000 month you ll need nine ounces of gold and 600 ounces of silver to get through a two year crisis period. When will silver hit 30.

Gold trading for more than 1 300 an ounce is a much pricier investment than silver which currently costs about 15 an ounce. 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. The price of gold dropped 29 and the price of silver dropped 0 27. Smaller orders up to 299 cost just 4 95 for shipping and insurance. In other words you could purchase more than 40 ounces of silver for.