Want To Begin Buying Silver?
Here Are Your Options

Congratulations on your decision to start buying silver. There are a few ways that you begin your silver asset accumulation plan.

You can also order small or large amounts of silver from a precious metals dealer.

You can order small or large amounts of silver and have it stored in a secure ViaMAT vault in Switzerland, Hong Kong or London.

And, if you're a collector, you can collect silver coins, both graded and ungraded.

Precious Metals Dealers

There are dozens of dealers throughout the US, with more in Canada, Europe, Australia and elsewhere. The easiest way to find them is to do a search at your favorite search engine for the term "precious metals dealer" followed by your country.

That will display a long list of dealers for you to choose from. They deal in silver bullion coins, although some also sell collectable graded coins (see below). And they deal in silver rounds and silver bars as well. Some also sell junk silver.

Don't go simply for the lowest price per ounce. Some dealers have minimums, while others may charge a lot more in shipping and handling fees.

Many dealers don't accept credit cards, for security reasons, although they usually require them to process your order. If you don't pay, they bill your card. Those that do accept cards charge a much greater shipping and handling fee to cover the fees they have to pay to the card companies.

Most want payment within 5 business days, so you'll need to factor wire transfer fees or certified check fees and priority mail costs into your per ounce cost.

GoldMoney

The next best thing to having your silver in your hand (or at your own storage location) is purchasing it and storing it with GoldMoney.com.

GoldMoney has allocated storage (what you buy is what you'll receive if you redeem your silver) in some of the most secure vaults in the world. Your storage fee includes insurance against theft from the vault. And GoldMoney has regular external (third party) audits performed to ensure that all of its precious metals holdings are exactly what they should be.

One extra advantage with GoldMoney is that you can use your silver (or gold or platinum) as a form of payment to other GoldMoney members. And you can convert your holdings into any of a number of currencies, or into either of the other two precious metals.

Collecting Silver Coins

Another way of buying silver coins is to purchase collectable coins. These are of two types—old and/or rare coins, and recent issue graded coins.

We've started collecting, and we're loving learning about coins, including how they're minted and the grading processes that are used. We're sticking with graded coins until we know enough about the older coins to be sure of our purchases. There are plenty of modern issue coins to collect before we ever need to go back in time!

Note, however, that they are not suitable for an asset accumulation plan, as the premium for collectable coins is several times higher than the premium for regular bullion coins.

Which Method Is for You?

Which method of buying silver is for you? If you're willing to work at it, you could receive a lot of Silver American Eagles at below spot price.

Or, if you have a family, you may want to start collecting, and sharing the experience with your children. It's a great way to teach your kids about money, fiat money, inflation, and all the other terms they'll need to know in the years ahead!

Or you may simply want to stock up on bullion without the work. Find the precious metals dealer that's right for you, and start bulking up.

And if you don't want to deal with finding and setting up storage, then shipping your silver there, buy from GoldMoney.com.

Whichever method you choose, now that you've started buying silver, you're accumulating hard assets and building up your net worth.