Tuesday, November 28, 2023

How Do I Buy Gold And Silver

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Why Invest In Gold And Silver

How do I buy gold and silver?

Im going to give you reasons why you should invest in Gold and Silver. Here they are:

History tells us for more than five thousand years GOLD is the only form of currency that has survived and not failed. Thats because during any economic crisis it has always been the safest investment that has the greatest potential to increase your wealth. If you dont believe me, check any Recession in the past 50 years and look at Golds price.

Silver is being referred to as a miracle metal simply because, in world rating, it is the second most useful commodity after oil. When industrial production ramps up and lockdowns end across the globe, we will see increased consumption for items where Silver is necessary: iPhones, mobile phones, digital cameras etc. Why not invest now while its price is low?

Choosing A Silver Bar Mint Or Brand

As you begin to shop, youll quickly find out that there are a lot of different refiners in the silver market. The main guideline here is to buy silver bars that are made by a reputable refiner. So whats a reputable brand?

To begin with, all reputable refiners will have proper stamping. You should see this information on any silver bar you consider buying:

Content or weight Purity Refinery Serial number

There are some private mints in the world that dont include all of this information, which could mean its not a pure silver bar or has low quality. You can avoid these problems and assure that your silver is real by buying a bar with proper stamping.

Without these markings, a silver bar will likely be harder to sell. A buyer may demand an assay. Or they may not be willing to buy it at all.

Here’s a list of the most reputable mints in the world, including both sovereign and private mints.

Mint Name
Private US

Another good indication youre buying a quality bar is if its eligible for IRAs. That signifies it is a reputable brand and meets quality standards. There are silver bars that are ineligible for IRA that are high quality too, so dont automatically assume its lower quality if its not IRA eligible.

The easiest way to avoid getting ripped off is to buy a well-known and established brand.

Scams And Counterfeit Gold And Silver

Many folks will never end up buying Precious Metals because they are worried, they will be scammed or sold counterfeit bullion. This is certainly a threat and happens ALL the time in our industry, however, there are VERY easy steps you can take to avoid being scammed. First and foremost, buy a test kit. Test kits range from chemical, magnetic to x-ray machines and are so readily available and inexpensive there is no reason you cant test a questionable item. Dont want to buy a test kit? You dont have to. Walk into any jewelry store and they will have a handheld x-ray device that can test purity in a matter of seconds.Secondly, it is extremely easy to avoid ever being sold a counterfeit piece in the first place. ONLY buy from a reputable dealer and know how to do a little bit of a background check on a bullion retailer before purchasing. Dont feel like doing that? Here is a shortlist of bullion retailers who will NEVER rip you off. Investor Crate Best company on the planet! Of course, I am just joking, we are obviously bias of ourselves. We do, however, conduct random batch testing and PHYSICALLY have hands-on every single item that leaves our facility, pride ourselves in an easy cost-effective subscription-based model, and sell millions of dollars worth of Gold and Silver a year so you be the judge! So if you want to build your stack every month for years to come, consider us! But you absolutely cannot go wrong with

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Refer a friend

Refer a friend and youll both get $25 when they complete a CIBC Precious Metals order for the first time3.

Select Buy Gold and Silver in CIBC Online Banking® to find your referral link.

Local Coin Shops And Pawnshops

Gold &  Silver

LCS and Pawnshops have a huge varying degree of trustworthiness and fairness in terms of what products they sell and what type of premium they charge. This would take some scouting, learning, and talking to folks and getting an estimate of what they are charging. In my personal experience with local places in my area, these businesses are largely overpriced. Though, there is a difference between being overpriced and nefariously price-gouging customers.Keep in mind that owning an inventory of Precious Metals as a small business is extremely costly, subject to market loss, needs to be insured, has extremely small margins to work with, on top of security and building leases. So again, there is a difference between fair pricing and nefarious pricing but dont forget to consider these things before you give them a 1-star review online! Some folks enjoy the experience of going in, browsing, picking out what they want, and supporting small business and if that comes with 50 cents or a dollar premium over spot, that is OK!

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Buy Precious Metals Now

We offer the following precious metals in gold and silver with a minimum 99.99% purity:

Physical bullion bars Minimum investment of 1 oz. for gold and 1 oz. for silver
Physical coins Minimum investment of 1/10 oz. for gold and 1 oz. for silver
Specialty collector coins

Bars and coins are available in the following denominations4:

Gold bullion bars 1 oz., 10 oz., 100 oz. or 1 kg
Silver bullion bars 1 oz., 10 oz., 50 oz., 100 oz., 1,000 oz. or 1 kg
Gold coins 1/10 oz., ¼ oz., ½ oz., 1 oz.
Silver coins

Banking Centre prices for precious metals are quoted in Canadian and U.S. currencies.

Online prices for precious metals are quoted in Canadian currency.

You may purchase precious metals from your Canadian-denominated chequing, savings or personal line of credit accounts.

No, theres no minimum purchase amount.

Yes. The maximum purchase amount is $9,500 CA within a 24-hour period. Visit a CIBC Banking Centre for purchases over $9,500 CA.

No, there isnt a fee for buying precious metals. Taxes based on your province or territory also apply.

No, all confirmed precious metals purchases online are final.

If the courier cant complete delivery after at least one attempt, youll receive a notice indicating where your shipment is held.

Yes, we insure precious metals purchased through CIBC Precious Metals Online while in transit.

Sign on to CIBC Online Banking®. Go to CIBC Precious Metals Online and select Order History to check the status of your order.

Purchasing Gold & Silver Nearby In The United States

Purchasing gold and silver bullion — whether in the form of coins, bars, or rounds — is a prudent decision for investors and wealth protectors alike. The Federal Reserve continues to issue huge numbers of debt backed instruments, called Federal Reserve Notes , thereby devaluing each unit already in existence and levying the most insidious of taxes, the hidden inflation tax.

Top Products:

Money Metals Exchange, the national source for buying and selling precious metals named “Best in the USA,” has unveiled a new local directory. Along with local coin and bullion shops, our directory includes our state law information pages containing up-to-date information on sales tax laws, capital gains laws, bullion depository laws, legal tender laws and more important details pertaining to each individual state in the union.

Use the map below to find gold and silver in your area:

Some important things to consider: In some jurisdictions, local dealers are subject to regulations which force them to collect substantial personal information from you, and they will generally pay less when you sell your precious metals than Money Metals Exchange will pay. Meanwhile, local dealers often do not have as much inventory available or competitive pricing.

So if you do choose to do business with Money Metals, the dealer ranked #1 in the U.S. by an industry ratings group, there are many great options listed here on this website.

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Is Silver A Volatile Asset

Investing in silver is perhaps not for someone with a tendency to get anxious. Silver is a volatile asset. This means that its value is prone to rise and fall frequently . This may be difficult for some to tolerate.

My philosophy on this is twofold: I try to only look at the medium to long-term trend, rather than at daily fluctuations. And secondly, I remind myself that silver are kind of “anti-currency”.

What I mean by this is that they represent a safe haven from and a hedge against fiat currency. “Fiat” just means that they are not backed by anything and are inherently worthless. Unlike fiat currency, bankers and governments cannot print more precious metals at will.

St Century Silver & Gold Bullion Buying

How to buy Gold and Silver Locally

Since about the year 2000, there has been a steady increase in gold and silver prices as well as in the investing publics buying of gold and silver bullion bars and coins. During and after the financial crisis of 2008, the trend of online silver and gold bullion buying and selling has increased substantially around the world.

Long-term silver and gold bullion owners often believe that bullion coins and bars offer:

  • Investment portfolio diversification.
  • Defense against inflation and deflation.
  • Bank failure and frozen account protections.
  • Private assets in a world increasingly digital and trackable.
  • Unhackable tangible stores of value.
  • Safety from fiat currency devaluations.
  • Proven stores of value, easy to exchange.

Since 1977, Kitco has been buying and selling silver, gold, and other physical precious metal products. We are the worlds #1 gold news website and a trusted online silver and gold dealer.

Want more information on how to buy and sell gold? How to buy and sell silver? Please reach out to our first class Sales Associates by email or by phone, at , or using 1 877 775-4826 , 1 514 313-9999 .

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Physical Vs Paper Metals

Among the major decisions that a person will encounter during the initial investment process is whether to purchase actual physical metals versus paper metal, but before they can make this decision, it is important to understand what these terms mean and how each one operates. The term physical metal refers to an actual piece of precious metal bullion that has been purchased by an investor and delivered to said investor. These precious metals are restricted to the sole use of the purchasing investor, who is free to sell or trade these items as they see fit. No third party individual or establishment is allowed access to them. Although physical metals possess higher transaction costs than their paper counterparts, many investors consider them as the only true way of owning precious metals.

While paper metals offer lower transaction costs on precious metals investments, there are many risks and drawbacks to these forms of investments. In almost every instance of paper metal investing, the precious metals themselves are held or controlled by a third-party company or institution and offer investors limited accessibility. Should there ever be a financial crisis, these establishments have the right to seize your precious metals, leaving you with nothing more than a documentation of ownership. For investors seeking more security and personal control over their precious metal assets, physical metal investments are typically a better option.

Why Buy Gold & Silver From Goldcore

Secure, fully insured & segregated storage
Allocated gold and silver coins and bars
High-security vaults in safest jurisdictions
Express international fully insured delivery
Lowest rates for buying and selling
Investment grade gold and silver
Daily Reconciliations with Vault Providers
Buy and sell in your own currency
Fast withdrawals and payments
Dedicated precious metal advisors
Award winning research
Deal in any size with liquidity

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How Silver Performs If The Stock Market Crashes

Summary: Silver prices usually don’t have a direct correlation to the stock market.

A lot of bullion dealers and brokers selling silver online or in magazine and TV ads throw claims around like this. They make it seem like theres a simple linear, inverse relationship between silver prices and the stock market. In other words, their pitch is often something like, buy silver now before the stock market goes down and silver prices go up.

In reality, the dynamics between silver and the stock market arent that cut and dry. Silver, like gold, platinum, and other precious metals, represents a good hedge against inflation or other bad things that happen when the economy gets rough, often leading to a decline in stock market volume.

However, silver does not just automatically go up when the stock market goes down, even if theres a crash. This can be proven by looking at what happened to the price of silver in March 2020, when the COVID-19 pandemic began inflicting its wrath in the United States. The stock market tanked, losing about 33% of its volume in a matter of days. What happened to silver? It also plunged in value, dropping from about $18.50 per ounce in late February 2020 to less than $12 at one point in mid-March 2020. The reasons behind this are complex and partly tied to the industrial demand for silver dropping along with the global shutdowns caused by the pandemic.

All markets, including stocks and precious metals, are subject to volatility

Question : When Should You Buy Gold

Want to make money in 2020? Gold and silver are looking ...

As with all investments, the general rule of buy low, sell high applies to gold, whether in coin, bullion or stock form. To know the right time to buy, research the type of gold you want to buy and keep your eye on the market.

Since gold tends to perform well when the economy is in a recession, most people buy gold as a type of financial insurance policy to hedge their bets against the value of the dollar in the market. As a hard asset, gold holds its value even during times of inflation. For instance, the early 1970s would have been a great year to buy gold its value increased from $35 per ounce in 1971 to $180 per ounce in 1974.

There are two main reasons people buy physical gold: as insurance and as an investment. People who are concerned about the recent economic crisis tend to view their ownership of precious metals as an insurance policy: As long as you have physical gold or silver to sell or trade, you will never be broke, even if the economy collapses. It is relatively easy to buy a gold bar, and once you purchase it, you dont need to do anything but store it.

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Here’s What Some Of Our Clients Have To Say


Enjoyed every step of the process and all that I worked with were very helpful and professional. Will continue to do my business with Oxford Gold Group.


Very helpful. I appreciated working with this group and would recommend. My next purchase, I will for sure use them.


From the start to finish I had nothing but excellent and professional service with Patrick and Johnathan. Both were knowledgeable, thank you both.


I am new at this buying metals and got some nice coins to start. Got alot of good information and sale was pleasant. Will be buying again soon.

Pick A Storage Option

Once you have finalized your purchase, choosing a storage option for your precious metals is a crucial consideration.

Many who purchase precious metals choose to store them in a safety deposit box. However, the contents of a safe deposit box are not insured. This is not the ideal place for your precious metal assets, whether it’s gold bullion coins, bars, or otherwise.

You can save some money by storing your metals at home. This may mean placing your gold in a safe or any other secure location in your residence.

View inside an empty vault.

Yet the trade-off with home storage is that you are taking on all the liability of theft by yourself. You also cannot include any metals stored at home in a self-directed IRA.

Keeping your metals in a vault is the most secure way to store them. You get the peace of mind that your metals are protected, fully insured, and kept offsite. The drawback here is vault storage comes with fees, which are usually about 0.5% of the total value of your precious metals.

Storing your metals offsite also gives you the flexibility to sell your precious metals or withdraw them whenever you like. Otherwise, you can generally have your gold and silver shipped to your address or schedule to pick them up in person.

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Are Precious Metals A Good Investment For You

Precious metals offer unique inflationary protectionthey have intrinsic value, they carry no credit risk, and they cannot be inflated. That means you can’t print more of them. They also offer genuine “upheaval insurance” against financial or political/military upheavals.

From an investment theory standpoint, precious metals also provide a low or negative correlation to other asset classes like stocks and bonds. This means even a small percentage of precious metals in a portfolio will reduce both volatility and risk.

Find The Right Gold Dealer

How to start buying gold and silver

Durrett advises gold bullion buyers to buy from online companies and to sell locally, explaining that local retailers cant compete with online stores and typically charge customers more. But because you will always be selling your gold at the spot price, it doesnt matter where you sell.

Take some time to research reputable gold dealers to find a fair price on gold coins. In general, avoid buying gold online through bidding sites, as you can end up in a bidding war and pay more for a gold coin than it is worth. Here are a few things to consider when youre looking for a gold dealer:

  • Dealer buyback policies: Before buying from a gold dealer, investigate its buyback policies. Some dealers charge a premium for you to sell back your gold, while others will not add any additional charge. Get the buyback policy in writing, and keep it in a safe place for the future.
  • Reputation: Buying anything online poses risks, so be sure to do thorough research before deciding on a dealer. The U.S. Mints listing of gold dealers is a good place to start. While these dealers are not affiliated with the U.S. Mint, it has done some research to ensure the dealers are trustworthy. Reading reviews on ConsumerAffairs is a helpful way to figure out which gold dealer is right for you.

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