If you’re new to investing in silver and gold, you’re probably wondering what you should buy and where you should buy it. If you’re anything like me, you are very concerned about knowing if you’re buying real gold or silver. This simple fear stops most people from making their first purchase.
If you are fairly new to this, my recommendation is that you buy items that are easily recognizable – such as silver coins minted in the US before 1965 (Junk Silver). By doing this, you reduce the risk of receiving counterfeit items and you are able to get into the investing game right now. Junk Silver coins have a low purchase price and are easily recognizable.
When it comes to where to buy these coins, my first recommendation would be from a reputable bullion dealer. If you don’t have a local bullion dealer you have other options. You can buy online from bullion dealers such as APMEX, SD Bullion, JM Bullion to name a few.
Depending on what state you live in, there may or may not be sales tax due on the purchase. (Is sales tax due on the purchase of silver and gold?)
All you need to keep in mind, is that the most important thing is that you buy something. After you make your first purchase, it all becomes much less intimidating. If you have more questions about getting started, Scott and I will be happy to answer them.