Buying and Using Silver

Normally a jewelry store is not a good place to buy or sell gold or silver. When you are in the market for silver, ask questions to see if the dealer knows what he is talking about. Your dealer should be helpful and happy to answer any and all your questions, if not, look for another dealer. A dealer is the most honest professional I know of. If you hand him a valuable (or collectable) coin, you will expect him to tell you it is an extra ordinary coin and not just an ordinary silver or gold coin.

You learn by buying and selling, until you learn what, how, and where to buy, I suggest you buy $100 each and every month in silver no matter what the market price is (if the spot market price drops, buy extra that month). Each month you buy, you will learn more of what you like and what type of silver you enjoy and the type you think you can use. I use the same kind of reasoning when buying gold, but with larger amounts of money. Buying gold and silver is a personal decision that only you can make, anyone else will only think of the dollar value. You may also want to consider of other forms of metals; gold, copper, nickel, and others as a source of investment or trade.

Seeing you are using extra money and not the family milk money, in time this will turn into a genuine investment. The more and longer you buy the bigger your investment will be. In time you will look at it as more then an investment, it will turn into more then financial security, but true security and you will be happy you had it. In my book "Book of Life" I go into more detail.

There is only one way most people should buy metals, you want to hand the dealer the cash and he gives you the metal. No tax, shipping charge, or paper work. When you find the dealer you can trust (which takes time), check another dealer for prices before buying or selling, this will keep your dealer honest and you knowing you have done the right thing with your money. Once you understand what you are getting in to you can buy on craigslist.org, but beware.

The first basic part of life is your next meal, with that in mind I reason that with a 10 cent, one dime in a silver coin (example: United States mercury head dime) should be worth one or maybe two meals (feed one or two of you). The dime is the smallest recognizable silver coin, and if I had food to share during hard times it would not be unreasonable to expect a small piece of silver (or another small token of appreciation) in exchange. I always say, “Do not ask for something without giving something in return.” Something could also be knowledge, useful, and/or needed skills to share. Professionals and others that have money will accept gold and silver in trade for services and products. They don't have to tell the IRS or their spouse. Start by offering half the above table price, after all you are offering real value in exchange.

After you have your metals put portions in a containers (Glued PVC Tubes) and bury them, but not on your property and don’t tell anyone where you buried it. In time you may lose some of it, but you will always have worth and maybe even wealth that no man can take away.

More information at NoStressMike.com, at classes, or email me for clarification.