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In the same category 
How to Buy Silver Online
Published : September 24th, 2012
612 words - Reading time : 1 - 2 minutes
( 6 votes, 4.8/5 ) Print article
 
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This guide is for any potential silver investor looking to buy silver online to protect wealth or maximize gains.

 

Although there are literally dozens of silver products and silver dealers, following a few simple guidelines will ensure you secure a safe investment and capitalize on this precious metals bull market to the fullest.

 

Stick to Stacking Silver Bullion Products

 

Silver bullion coins, bullion bars, and bullion rounds attain their value through their .999+ fine silver composition. By buying highly regarded silver bullion hallmarks, silver investors gain access to a much more transparent market and cost effective silver investment.

 

Government minted silver bullion coins, particularly American Silver Eagles, are the most acclaimed and liquid products amongst silver investors.

 

Silver bullion bars and bullion rounds struck from widely recognized private mints like Johnson Matthey, also represent a sizable portion of the silver bullion market, offer low premiums relative to the Silver Spot Price

.

Inferior Alternatives: Silver Numismatics, Silver Semi-Numismatics, Silver Collector Coins

 

Numismatics collector coin markets lack sufficient transparency, liquidity, and have often left silver investors with large losses in spite of a rising silver price. Silver investors will want to avoid "rare" or "collector" silver products.

 

Many Numismatic And Semi-Numismatic Coins are heavily marketed through old media outlets (TV, radio, magazine, and newspaper ads, etc. ). Often times, collector coin sellers are Large Silver Dealers with call centers of salesmen utilizing fear tactics and hypothetical confiscation scenarios to make large profit margins off unsuspecting silver investors. Terms such as confiscation, rarity, and collector value should wave red flags to potential customers.

 

If you have a specific silver bullion product in mind, do not let a salesman change your intent and potentially up-sell you into an item unbefitting of your silver investment objectives.

 

Avoid all Paper Markets

 

Ownership of paper silver vehicles such as a Silver ETF, Silver Pool, Silver Certificate, or Silver Leverage Account may be even riskier than not owning any silver at all!

 

Few funds actually hold sufficient silver to physically deliver and many are directly tied to the collapsing financial system. Most paper silver instruments today are merely tradable time bombs, redeemable in only paper, providing little to no insulation against a monetary crisis or a major economic event.

 

Physical Delivery + Silver Vault Storage Options

 

Any reputable dealer should offer both domestic and international shipping options. When you buy silver online, be sure you are given an estimated date of shipment within a reasonable time frame. You will want to ensure the products are fully insured and that you are not held liable until your silver products have been safely delivered either to your door ( adult signature required ) or to the vault storage facility of your choosing.

 

If you choose Silver Vault Storage option, make certain the silver bullion is held by a third party in a segregated account with a proof of insurance. You should also receive a Storage Certificate Title accounting for your silver holdings.

 

Payment Options

 

Most silver dealers will provide you with multiple methods of payment. Ensure you are able to lock in pricing the moment you place your order.

 

Full credit card payment will be subject to a processing fee, however it will typically secure your pricing. Most silver dealers also provide a bank wire option, giving you the ability to lock pricing with a minimal credit card deposit (5-15%).

 

Checks and money orders are often accepted but typically delay the purchase process or escalate the cost of the transaction.

 

Cash is out of question for most dealers as privacy is compromised. Any purchase exceeding a cash purchase over 10K would trigger a reporting requirement on the side of the dealer.

 

 

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Mike Maloney

Since 2005, Mike Maloney has been the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Mike founded GoldSilver.com, an online precious metals dealership featuring concierge services, physical delivery of gold and silver to customer doorsteps around the world, as well as providing international 3rd Party Vault Storage options for customers' precious metal holdings
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