Gold And Silver Buying Tips

Here is some great information that will surely help you when you are looking for the best silver price per ounce and the best ways to buy silver.

Unfortunately, most people don’t stop and do their research before buying gold and silver bullion. Congratulations to you for being smart enough to learn some important information before pulling the buying trigger. This information will most likely save you money when buying metals.

When you are trying to figure out how to buy gold and silver realize this. Similar to stock brokers, gold and silver brokers and dealers only make a profit when you buy or sell. When you are holding… they are not making anything off of you.

Thus, some brokers will call you and attempt to use pressure and persuasion to get you to sell or buy during various market swings. They call this churning.

Yes, if you are both lucky and good, you can do pretty well with the market timing trading method. However, I can assure you that a lot of people who play this game get their heads handed to them when attempting to trade the metals market. This is serious stuff here.

Even the most experienced expert traders who have done this professionally for decades often get it wrong. The odds of a non-professional getting it right, consistently, are pretty slim.

Most gold & silver buyers, people who buy the physical metals, plan to hold on to them for at least a midterm period of several years or more. If that fits your thinking, here is a tip that will help you have a good quality of life. If you are interested in trading the metals markets and trying to anticipate price moves and directions, it would be much better to invest in Exchange Traded Funds (ETFs), like SLV, GLD, etc. You can buy them as easily as buying a stock and easily trade in and out of them.

When you are dealing with physical precious metals, if you plan to buy metals, be prepared for some issues. Most sellers end up shipping the metals to the buyer to get better buyback prices. The seller has to box them up, insure and ship them, and wait for them to arrive at the buyer’s location before a price can be locked in. Most investors who buy physical metals hold them for good periods.

Think about this. 10 years ago gold was around $300 an ounce and silver was around $4.50 an ounce.

As I am writing this, gold is around $1,725 an ounce and silver is around $32.50 an ounce. Over the 10 years… both metals have had some pretty big moves UP and DOWN in price.

But look how much gold and silver have risen over this time. I mean, compare that to your stock portfolio performance over that same period. So the key is to think long term and don’t sweat every up and down motion.

Just keep your eye focused on the long term and use the drops as buying opportunities. Play it smart, relax and enjoy your life.