How To Buy Silver Bullion

There are tons of ways to buy silver bullion.

The “Dummy” Way To Buy Silver Bullion:

Go directly to a local dealer and buy silver bullion coins. You are pretty much going to get “hosed” because the dealer is there to make money and chances are he’s not running a charity program and is not interested in giving you silver “below cost” or even below the spot price or even at the spot silver price. He’s going to mark it up so he can get paid, and since this is a bull-market for silver right now, he’s not going to be too desperate to sell it either. Don’t do this.

How To Buy Silver Bullion Cheaper:

You can can purchase silver from private sellers by answering ads, or even running your own ads. Sites such as Craigslist are effective for such at thing, though there seems to be a preponderance of silver “buyers” these days, and no so many silver sellers. These are much harder seller to find, but once in a while you will see someone put an ad out there, trying to sell a coffee can full of old silver dollars or old silver dimes or some such thing. You will find that the variation in the types of items if pretty great if you are buying silver in this way. You are going to see all kinds of different coins and maybe even silverware and tea sets and such. You an pick and choose, but if you happen to know a lot, or have an interest in getting educated, about all the various different type of silver coins and the silver content in each based on the type of coin and the year, etc. you will have an easier time of it. A lot of these people don’t even know what it is that they have. They have just heard that people are buying silver bullion right now and they happened to have a stash of old coins that they found in their parent’s attic at some point and are wondering if they can get some cash for it, and how much.

You’re probably not going to find too many private seller like this trying to get rid of uncirculated American Silver Eagles. It’s mostly going to be a mix of old coins that are not pure silver. You could get some good prices this way in light of the fact that many of these sellers don’t have a clue as to what this stuff is worth.

I would suggest you call up a local dealer and just ask him, “Hey what would you give me for ____?”, you know, if the seller you found has say 1000 1950 silver dimes or some such thing. You can call up the dealer and see what he says and at least you will have an idea as to what the deal will say. This way, if the seller has already called the dealer for an asking price, you won’t be so far off, but can ever offer a bit more. The dealer isn’t going to be offering any more than bare minimum.

How To Buy Silver Bullion By Hosting Parties:

You can host “silver parties” (“Gold Parties” are more common). I have a good friend who does this actually. Strangely enough she does a lot of parties with Curves For Women, the exercise franchise. She contacts individual franchise owners and gets into communication and asks them if they would have an interest in hosting a party. Basically the way it works is the women who come in throughout the week or two leading up to the event see the notices around the club and are aware of what is happening. In this case it’s really a question of these ladies having scrap jewelry or silverware, candlesticks and such laying around collecting dust and they figure they they might as well get some money from them is someone is willing to buy them because they aren’t doing anything with these objects. I would guess that these ladies don’t have any clue how much such items are actually worth in terms of their silver or gold content. It is very easy for these women to just show up for their workout that day and bring their items with them. Then the woman who is doing the buying tests the items to see what is the silver content or gold content (fancy chemical tests… not really.. they are pretty simple), and makes an offer.

Again, you can get silver bullion cheap this way because the sellers don’t really know what to expect. They are just looking for convenience.

How To Buy Silver Bullion Online:

Well, you can Google for “Silver Bullion” and so forth and you will find hundreds and hundreds of dealers eager to sell to you. This is a very frustrating affair. I know. I’ve done it. It can take a lot of time to sift through all the different companies and sort their prices. Most of them have price-breaks based upon the quantity that you order and many of them break at different quantities. You will end up using your calculator a lot doing this.

The other issue I have with this process is that many of these places advertise one thing and then when you get almost through the payment process and have created your account and such they lay another surprise fee on you. And you’re like “WTF? I just spend 15 minutes figuring out your pricing and creating my account!”. Then you have to start all over, depending upon how much silver bullion you are purchasing, to see if you can get a better price elsewhere.

I have found that in such a case I am so ready to be done with the research process that I just go ahead with the order and pay the fee and really I just get hammered with more expensive silver this way. I have found myself receiving my parcel with my silver coins and opening it up to see them and shaking my head, still pissed about the extra surprise fee. You would be amazed at some of the ridiculous fees these guys come up with.

Buying silver online can also be frustrating because many of the sites require you to call them and have no way for you to place the order online. Then you end up talking to some pushy sales person who doesn’t seem to listen to a thing you say, or just flat-out will not take the time to answer your questions. This is especially true right now, with the silver market being a “Seller’s Market”. Smart people want silver right now and a lot of these dealers that you find online, especially if you find them on the first page or two of Google are so busy taking orders that they don’t even have the time to answer your questions. Some of them with tell you straight-up, “I don’t have time to answer these questions for you. Figure out what you want and call me back when you are ready to order.”. I can’t say I blame them. They have people on hold waiting to place orders and some of these guys are writing orders as fast as they can write.

In addition, many of these metals dealers have the more in-demand products on back-order. You can’t even get the product! Generally, this would be true for Silver Eagles.

How To Buy Silver Bullion The Smart Way:

The smart way to buy silver bullion is to buy it wholesale. But until recently this was reserved for dealers. The best possible way to purchase silver would be at the same cost that the dealers pay at wholesale. No commission. No mark-up whatsoever. Sounds like a fantasy right? That’s what I though until just recently.

Preservation Of Wealth makes this possibility a reality for people like you and I. For those of us who are not dealers.

As a member of Preservation Of Wealth you have the ability to buy silver bullion at-cost. You pay the same price that the big dealers pay. No surprises. No mark-up. Preservation Of Wealth makes no money from silver bullion sales. You pay the same price they do.

So, don’t be a “dope”. If you are being smart by putting your money into silver, at least get the best possible price on the stuff. After all the entire purpose is to preserve your wealth, not to waste it on surprise fees.

Join Preservation Of Wealth Here and start saving right now.

Alan Cosens