Posted by Mike (WA) on February 25, 2014 at 09:05:40 from (69.10.199.171):
In Reply to: Buying Silver? posted by DaninKansas on February 25, 2014 at 08:09:20:
I buy through the local coin guy only, and have dealt with him for 30 years. Very reliable, and he walks with you to your car with the goods, with one hand in his jacket pocket, if you get my drift.
I look at silver as kind of an "Armageddon" play- if the economy goes to pieces, or inflation runs rampant, your silver coins will be worth some multiple of face value to buy stuff. That would be much more cumbersome with bullion.
Lots of pitches to put silver in your IRA or 401k- the only way to do that is to buy the silver and have the outfit store it, and supposedly you can get it anytime by sending in your certificate. No, thanks- If we have an economic collapse, the silver storage folks will be on their way to their secret underground bunker with your goods by the time you even hear about it, and you may as well wallpaper your bathroom with your "certificates".
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