Buying Silver

evosy1978

Hi

Can anyone recommend where I can buy silver from? Someone said it's a great investment for the future and the price will eventually go up.

What should I be looking for when purchasing silver to make sure it's legit and what extra fees to look out for

Thanks

Rheumatoid

I have used Bullionvault for gold in the past and they were pretty good. They also sell/hold silver.

Biggus_Dickus

evosy1978 wrote: »

Hi

Can anyone recommend where I can buy silver from? Someone said it's a great investment for the future and the price will eventually go up.

What should I be looking for when purchasing silver to make sure it's legit and what extra fees to look out for

Thanks

I’d take that with a pinch of salt if it was this guy.

dont_use_vistaprint

Yes its very sensible time to buy silver, for some of us, not all, what currency / country are you buying it in ? Are you looking to buy as jewellery, bullion or just hold it virtually

robber2

A year ago 'someone said' on here that he was switching his pension fund to bitcoin. :exclamati:exclamati.



I';m not qualified to say whether silver would be a good investment or not but I'd spend a bit of time on developing a better investment starategy if I were you.


Rob

dont_use_vistaprint

Yes definitely wouldn't recommend your lifetime savings, even with a 10-year low, of course it can, and at some point likely will go even lower.

January is often the best time for metals due to December losses, I'm watching if its dips below $14 before Jan I may be tempted, otherwise I'm waiting until the new year. You might want to look at he current gold:silver ratio and think about the trend of stocks of the companies that use large amounts of white metal in production

eskbanker

robber2 wrote: »

A year ago 'someone said' on here that he was switching his pension fund to bitcoin.

That's a belter of a thread, featuring a spectacularly deluded fruitcake ranting irrationally against all the usual conspiracy theorist suspects, comedy gold!

https://forums.moneysavingexpert.com/discussion/5748603

camden_kid

A couple of months ago I started using BullionVault to buy silver. It's easy to use and the fees aren't too bad.

System

Be aware that you might have to pay VAT on silver (unlike gold, which is usually free of VAT).

kidmugsy

why not start with the Royal Mint website and then spread your wings and read other stuff on the internet ?

System

kidmugsy wrote: »

why not start with the Royal Mint website and then spread your wings and read other stuff on the internet ?

They are even having a Black Friday Sale:
https://www.royalmintbullion.com/Products/All-Products
20% off selected premiums not 20% off the silver price!