Is Buying Gold and Silver a Good Investment?

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mr ed

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Buy a piece of gold and silver from a dealer. hold it 30 days and go sell it back to them. when they give you 50 - 75% of what you paid originally you will know its a bad investment.
 

Jestik

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There's a big long thread here started by me that answers alot of your questions.

I would say that they have the potential to be a long term investment. I would go with silver over gold because you can buy silver far more easily, and sell it far more easily, then you can gold. Don't look for it make you a millionaire over night.

Additionally, the difference between gold/silver coins and rounds/bars are that coins are official government currency, minted by a government, and are illegal to reproduce. Additionally, they ususally carry some osrt of legal tinder amount of currency in addition to their intrinsic silver/gold content.

Rounds/bars are made by a regular, commercial mint, carry no legal tender value, and are just used for their silver/gold content.

I've bought a lot of silver online. Here is a place to check the price to see which site has the best deals:

https://comparesilverprices.com/

I usually stay with Provident Metals or JM Bullion as they have the lowest premium and shipping policies.
 
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John6185

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I have learned over the years to buy from the US Mint, you know what you're getting. EBay-you can get stung big time.
 

Okie1907

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Buy a piece of gold and silver from a dealer. hold it 30 days and go sell it back to them. when they give you 50 - 75% of what you paid originally you will know its a bad investment.
IS there a sales tax on silver and gold? seems like that would be counterproductive for investing or even hedging.
 

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