How Much To Buy Gold And Silver

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.

How much to buy gold and silver. The price of gold dropped 29 and the price of silver dropped 0 27. 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. When will silver hit 30. Buying gold and silver is a little different than your typical investment. Our gold cost calculator is a free interactive tool showing fees to buy store sell investment gold silver platinum bullion.

Gold trading for more than 1 300 an ounce is a much pricier investment than silver which currently costs about 15 an ounce. If you bought silver in 2008 your return doubled in 2 years time. For 1 000 month you ll need nine ounces of gold and 600 ounces of silver to get through a two year crisis period. Understand the price terms before you buy a precious metals product you need to. Smaller orders up to 299 cost just 4 95 for shipping and insurance.

In other words you could purchase more than 40 ounces of silver for. 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. How to buy gold silver bullion coins bars when investing in gold and silver for the first time it is very easy for customers to become overwhelmed by the many options offered to them. 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.

Of course we can use both gold and silver to meet expenses. The order threshold for free shipping is high at 3 000 but their tiered flat rate shipping fees are reasonable. Whether faced with the decision of which products to order or how much to pay the choices can seem endless. We ll get back to where we think the prices are likely to go in a bit. Enter an investment value to see likely costs.

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. For most people this will be a few thousand worth or a low 5 figure amount. As an aside we continue to see articles that get the high gold basis exactly. Keith neumeyer ceo of first majestic silver predicts silver will hit an astounding 130 per oz in 2020.