gold and silver?

[jcountry]

what is spot price exactly?

i have some canadian silver leafs (valued 5$ Can. dollar) but the silver is worth close to 20 US dollars. is the spot price the price of the silver then?

Yep-

Here is a live chart


http://www.kitco.com/charts/livesilver.html

And here is a great tracker for "junk silver" values:

http://www.coinflation.com/silver_coin_values.html

"Junk silver" is a poor term-cause it is worth a lot. These coins generally are not melted-but are just traded on their silver value. I think either silver rounds of "junk silver" are the most practical way to go.

 

[chucklenut]

Yep-

Here is a live chart


http://www.kitco.com/charts/livesilver.html

And here is a great tracker for "junk silver values:

http://www.coinflation.com/silver_coin_values.html

"Junk silver" is a poor term-cause it is worth a lot. These coins generally are not melted-but are just traded on their silver value. I think either silver rounds of "junk silver" are the most practical way to go.

i am book marking this topic. so much good info here

thanks everyone. does anyone do this locally? i could just pick some up in person

 

[Nick_T]

This looks like it could be a fun way to put silver in the safe. Costs a couple dollars more......

https://www.perpetualassets.com/1-oz-silver-bullet.html

Nick T

 

[Leatherhead]

ya im doing this as a long term store of value, not to make a quick buck or anything

but im sure once i get my hands on some ill be checking it daily lol

DONT get the Conflation app...you'll check it every time you touch your phone.


Dont ask me how I know.

 

[Constitution Hour]

Silver at spot can be found here on ODT most dealers do not sell at spot so there will be a premium.
Also check out Franklin Sanders aka "The Money Changer" he is in Tennesee and does a considerable business in silver (junk and Bullion).
Also watch the ratio 64.87:1 currently = good time to buy silver.

 

[fslc94]

Yep it's fun I bought another 10oz's this morning.

 

[Leatherhead]

Silver at spot can be found here on ODT most dealers do not sell at spot so there will be a premium.
Also check out Franklin Sanders aka "The Money Changer" he is in Tennesee and does a considerable business in silver (junk and Bullion).
Also watch the ratio 64.87:1 currently = good time to buy silver.

what's the ratio and what does it mean?

 

[chucklenut]

Silver at spot can be found here on ODT most dealers do not sell at spot so there will be a premium.
Also check out Franklin Sanders aka "The Money Changer" he is in Tennesee and does a considerable business in silver (junk and Bullion).
Also watch the ratio 64.87:1 currently = good time to buy silver.

so would it be cheaper to get in person or just easier to order offline? if its being shipped is there a higher danger of it being lost or stolen

 

[AmbiEncE]

Jmbullion has nice prices and free shipping for orders over $100 if you buy in small quantities.

 

[Constitution Hour]

so would it be cheaper to get in person or just easier to order offline? if its being shipped is there a higher danger of it being lost or stolen

Most will ship insured, some even have free shipping. It can be a chore to find the best price + shipping etc. I have been buying and trading long enough I have a few who call me when they want to move large bars 100 oz and I can usually get them at or below spot. I have done some trading here on ODT with silver.
I like to deal in person face to face much better than mail order.
Check with Rob More " Cartersville Numesmatic Coin Gallery" he has always treated me well but he does charge a premium over spot, most places will be .75 to 1.00 over spot. I prefer bullion easy to find,easy to move. Junk silver is a PITA IMHO 90% silver and subject to loss due to wear.
Send me a PM maybe we can find you some places to buy from if you want some help. I am happy to help out.