^JM Bullion
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^JM Bullion
The debate over PMs is like the old 9mm vs .45acp, it depends a lot on personal preference and what you think will happen. Some argue junk silver (pre-1965 Quarters/Dimes) as they are easily recognized as currency but the vast majority of people have no idea that these coins contain silver and only see their face value i.e. 25 cents, 10 cents. It’s much easier to store 10 oz of gold (approximately $20k) than 833 oz of silver ($20k) however if you are going to use it for barter silver will be much easier to trade. Think of it like trying to use a $10 bill vs a $1000 bill.I'm glad the OP posted this.
With the bottom fixing to fall out on the dollar it's looking like precious metals are the way to go but as a complete novice I'm looking for guidance as well.
With bars you simply get more silver for your money. If you buy 1oz of silver bar you pay like $27 while a Canadian Maple is like $32 or a American Eagle is like $36-38.It's my understanding that bars have more value than coins in the long haul?
Correct me if I'm wrong and keep in mind I'm a neophyte.
With bars you simply get more silver for your money. If you buy 1oz of silver bar you pay like $27 while a Canadian Maple is like $32 or a American Eagle is like $36-38.
Country minted coins always drive a high premium but if you are buying for volume just stick to generic bars and rounds. Let’s be honest, silver is silver in the long run.