First silver i ever bought was at $7 an ozAnd many of us did. And bought stocks too.
First silver i ever bought was at $7 an ozAnd many of us did. And bought stocks too.
I agree with you that buying PM's is for the long term, same with stocks. Gold and silver bullion is generally .999 fine. Pre 64 silver coins are 90% silver. Of course buyers take that in to account when you sell. Many people do melt their silver coins and pour in to bars, but generally if a silver bar doesn't have a recognized hallmark it'll be difficult to sell without first being assayed.I don't like buying coinage as it is alloyed. Gold and silver are too soft by themselves so they add copper and silver to gold and copper to silver. If I could get silver coins at a good price I would just to melt them down. They will always hold value but like everything else on the market it goes up or down. I had my step dad buy gold at $1200 an oz and like a dummy without asking sold it at a loss because it went down a little. You buy gold and silver to hang on to it.
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