There are several ways to get in on silver.
Some are far riskier than others.
This is actually a broad topic, and what applies to silver usually applies to metals investing generally.
If you buy and sell physical bullion and numismatic, coins and bars, from a dealer, for cash, directly, you can often avoid taxation on your gains.
If you buy stocks of silver mining companies you can at certain times enjoy much greater returns, but the capital and dividend gains are taxable income, like with any other paper investment financial instrument.
You can go the geology route, actually invest in the equipment needed, then go out into the wilderness, find, and then mine it yourself:)
People still do that too.
You can recycle silver from various consumer and industrial products, melt it down, and then pour your own bars. There are Youtube videos that show you how to do that too. Recycled silver is actually almost a third of the annual global production.
There must be at least 100 other options available.
You can easily spend the next ten years learning all about it, and there will be plenty left over to learn after that.
Do a search in your local area for a silver dealer, and go see if he will sell you some today, although most reports we are getting right now is they are refusing to sell, which happens when they also think the price is about to rise. We've seen that before. Best to call ahead to confirm they have it in inventory and at what price to save an unnecessary trip .
Consider your resale options. People like to buy the silver they recognize more so than just bulk silver. Bullion coins and bars from the government owned mints are usually the most legitimate. Stuff like the Canadian 1 oz maple leaf .9999 pure bullion coins, or the American eagle bullion coins, are regularly traded on Ebay, etc. There are also several private brands that are popular.
Numismatic coins are kind of like stamps. They have value beyond their silver content based on their condition, rarity, desirability, etc, and usually sell for a higher price than their silver content, though the market for them is smaller, and centers on collectors. Sometimes you can get them as part of a coin collection, estate sales, etc. Some are very valuable indeed.
Thanks friend. Good info.
Check this out:
Thanks mate. I feel silver fever.
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