People often ask: what is the best way to buy silver? These are often the same people who are new to silver investing and investing in general. And while there are plenty of ways to obtain silver, we can only give you the general do’s and don’ts of buying them. After all, it’s your money you’re going to be investing. It’s still best if you decide this on your own.
Today we’ll be talking about the three best places to buy silver. Take this with a grain of salt and use your own intuition to guide your decisions. Remember that the best way to invest in silver is to play it smart. You have to know exactly what you’re doing in the first place. We can only give you a general direction on where to go.
We’ve discussed in our other articles why people prefer to buy silver, as well as which you should choose between silver coins and silver bars. Better read that first before going any further into silver investing. To summarize that, it’s all about how silver and other precious metals are more stable compared to paper currency because their prices don’t fluctuate.
However, like paper currency, you will want to get a hold of your wealth in person. It’s safer and much more reliable than doing the transactions any other way.
So our list of the three best places to buy silver is “in person retailers”.
1. In Person Retailers
You’re going to be much, much more comfortable buying silver from an actual person. Of course, this is assuming that the person you are transacting with is someone you can trust, or someone you actually know in person. If you know someone who’s selling silver, you can negotiate with them better than anyone else. It’s safer, easier, and you get the silver right away. Also consider your local coin shops if you want a little bit of anonymity because most of these shops enable that.
Now if you’re looking for the best place to buy silver online, then we’d recommend the following two:
2. Hard Assets Alliance
The Hard Assets Alliance (HAA) provides a service that’s similar to what major financial institutions have, except they are making it available to regular people – like me and you. Individual bullion investors can get their silver from the HAA and enjoy some really cool benefits relating to price, service, storage options, and security.
Other than simply buying silver, it also allows you to sell and store all your precious metals.
It’s basically an industry association of well-known economic and investment research firms that strive to help their clients and readers better understand the economic trends that affect their investments.
HAA offers great pricing for investors. Every time you order, they get at least four suppliers to provide a bid, and then the platform compares these bids in order to offer you the best one. You can be sure that the quality of silver will be great because they only offer sovereign coins and standard bullion bars, which hold their value more consistently than other forms. Numismatics or rare coins are not distributed here.
There are also plenty of delivery and storage options that you will surely find convenient. You can rely on HAA to provide you the highest quality of silver.
BullionVault is another good place to buy silver online. It gives private investors around the world access to the professional bullion markets, giving them a wide range of options. This allows you to enjoy the benefit of the lowest costs for buying, selling, and storing gold and silver.
Endorsed by many major gold mines, it has more than 36,000 users all over the world.
Here, bars are stored and insured in your chosen vault, be it in London, New York, or Zurich. These are some of the world’s most secure bullion storage facilities, and the insurance costs you pay are very low.
With these two online options, you will easily buy and secure your silver.
Now earlier we mentioned something about the do’s and don’ts of buying silver. We’ve only covered the do’s so far. The number one thing you must try to avoid is buying fake silver. There’s nothing more frustrating than spending a portion of your hard-earned money on fake metal.
Also, if you’re an investor who’s trying to grow your wealth – or at least trying to preserve it using silver – then avoid buying numismatic coins. These collector coins are priced higher than normal because their excessive value is taken from how rare they are. These are collector’s items and should only be bought at their face value. Collector coins are an entirely different investment than silver bullion. Keep that in mind and you should be just fine.
You can learn more tips on investing in silver in this free webinar by acclaimed wealth advisor Minesh Bhindi of Gold and Silver for Life. He'll teach you techniques that will help you get 12% to 26.4% annual returns. I've applied these techniques and they do work. Sign up here or click on the button below.