How Much To Buy Gold And Silver

We ll get back to where we think the prices are likely to go in a bit.

How much to buy gold and silver. This cost is passed along in the base purchase price of gold dealers. We use cookies including third party cookies such as google to remember your site preferences and to help us understand how visitors use our sites so we can improve them. Buying gold and silver is a little different than your typical investment. The price of gold dropped 29 and the price of silver dropped 0 27. In recent reports we ve looked at the elevated bid ask spread in gold though not nearly as elevated as some goldbugs would have you believe and the elevated gold basis.

Our gold cost calculator is a free interactive tool showing fees to buy store sell investment gold silver platinum bullion. In other words you could purchase more than 40 ounces of silver for. Enter an investment value to see likely costs. For 1 000 month you ll need nine ounces of gold and 600 ounces of silver to get through a two year crisis period. Keith neumeyer s predictions and investments in silver rewarded him handsomely after the dot.

Smaller orders up to 299 cost just 4 95 for shipping and insurance. If you want 3 000 month you ll need 1 800 ounces for one year or 9 000 if it lasts five years. If we suddenly reverted to using gold and silver as currency again with only a few ounces of gold and a little more of silver you re going to have way more than most other people. This is the primary reason your purchase price will be higher than the spot price. The last time silver was 30 per oz was in 2011 and 2012 table 1 following the 2008 market crash.

Remember that 99 9 of us households own less than 1oz of gold if any. Whether faced with the decision of which products to order or how much to pay the choices can seem endless. In addition to government mints you can also find gold coins gold bullion silver coins silver bars and more from private domestic and foreign mints. When will silver hit 30. Understand the price terms before you buy a precious metals product you need to.

For most people this will be a few thousand worth or a low 5 figure amount. Gold trading for more than 1 300 an ounce is a much pricier investment than silver which currently costs about 15 an ounce. Of course we can use both gold and silver to meet expenses. Keith neumeyer ceo of first majestic silver predicts silver will hit an astounding 130 per oz in 2020. So if the us mint charges seigniorage of 2 on a silver american eagle and silver s spot price is 15 coin dealers have to pay at least 17 per coin.