🪙 Thanks for info and the links to your interview with Larkin, will listen soon.
When we decided to buy silver from reputable sources as you are doing, we also went with silver rounds to begin with because of the lower premium, then well-known brand name bars, then later we graduated to silver Eagles and Maple Leafs and Kangaroos/Koala Bears etc, which might have more liquidity than rounds but ultimately they’re all silver and they’re all gonna go up in value!
If I may express some concern 😯 I don’t know where exactly FedEx delivered for you, so I’d like to suggest for privacy reasons that you send to a work address or PO Box, not home address. Packages of silver are heavy, as I’m sure you’re noticing, and can attract unwanted attention.
Best place of all to get physical silver and gold is a local coin show! Lowest premiums, no shipping charge, and giving an address is totally unnecessary! Enjoy❗️
I may eventually graduate to sovereign coins but I’m starting small and Eric didn't recommend them at this point because of the higher premiums.
Good advice on delivery. I’m comfortable with taking delivery to my home for now. The amounts are relatively small and the deliveries will not be that frequent. But I will keep a P.O. box in mind. Thanks again.
Buying tangibles like silver or gold is the right move as the fiat dollar is eviscerated by the central bank to fund bloated government. I'm with you on that and I've been buying metals since about 2010 knowing this day was coming. However, rounds have a problem. I know the purchase price is very attractive, but it's very difficult for prospective buyers to know if they're real and what the purity is. You can probably sell to a dealer with test gear and enough familiarity to spot fakes, but I wouldn't buy your rounds. There are so many different rounds that I can't possibly keep up and maintain familiarity with each. I was recently approached by a woman who wanted to sell her deceased husband's silver. I took a look at her silver and spotted fake Eagles immediately. I had to walk from the deal because the rounds and bars were even more difficult and her husband had clearly been defrauded by whoever sold him the Eagles. For this reason, I pay a little more to purchase sovereign minted coins. My favorites are the Maple Leaf and the Britannia. Both have such fine engraving details that it stymies the counterfeiters and I can spot a fake in about ten seconds. That makes them better for use in commerce. That's my suggestion for you. Good luck.
Thanks for the comment. Sounds like you have a lot of experience with physical precious metals.
This week, I interviewed Eric Larkin of McAlvany Precious Metals. You can watch it below, if you like.
Around 18:30 he talks about the precious metals market being a “nightmare industry” with “a lot of bad actors.”
McAlvany, as you may know, has been around since 1972 and has been vetted by Hedgeye. McAlvany uses Delaware Depository, which is approved by CME and ICE, and authenticates all of the metals.
I have to trust that the rounds I’m getting are legitimate unless proven otherwise.
I have no concern about your purchase from a reputable dealer like McAlvany. I'm sure the rounds you purchased from them are authentic silver of the stated purity.
Presumably, you bought rounds for a medium of exchange in a SHTF scenario. If not, I would say why not buy bars? The price is the same and bars take less storage space.
Any medium of exchange needs anti-counterfeiting measures. Consider the effort that goes into this for paper fiat money. Special ink, special paper, fine engraving, yada, yada. The potential problem occurs when it comes time for you to sell or exchange your silver. As long as McAlvany or any number of other dealers are in business, no problem. They have the equipment and expertise to buy your rounds and you could sell to one of them; however, in a SHTF scenario, suppose I had something you wanted to buy. I wouldn't have any means to authenticate your silver rounds so I would have to decline. Alternatively, if you brought me Canadian Maples or Kennedy half dollars, we would be good to go. They have very effective anti-counterfeiting measures. This is the reason I favor sovereign minted coins or US junk silver. It's very easy for anyone you might want to buy something from in a SHTF scenario to determine if your silver is real and its purity.
🪙 Thanks for info and the links to your interview with Larkin, will listen soon.
When we decided to buy silver from reputable sources as you are doing, we also went with silver rounds to begin with because of the lower premium, then well-known brand name bars, then later we graduated to silver Eagles and Maple Leafs and Kangaroos/Koala Bears etc, which might have more liquidity than rounds but ultimately they’re all silver and they’re all gonna go up in value!
If I may express some concern 😯 I don’t know where exactly FedEx delivered for you, so I’d like to suggest for privacy reasons that you send to a work address or PO Box, not home address. Packages of silver are heavy, as I’m sure you’re noticing, and can attract unwanted attention.
Best place of all to get physical silver and gold is a local coin show! Lowest premiums, no shipping charge, and giving an address is totally unnecessary! Enjoy❗️
Thanks, Brian.
I may eventually graduate to sovereign coins but I’m starting small and Eric didn't recommend them at this point because of the higher premiums.
Good advice on delivery. I’m comfortable with taking delivery to my home for now. The amounts are relatively small and the deliveries will not be that frequent. But I will keep a P.O. box in mind. Thanks again.
Mark
Buying tangibles like silver or gold is the right move as the fiat dollar is eviscerated by the central bank to fund bloated government. I'm with you on that and I've been buying metals since about 2010 knowing this day was coming. However, rounds have a problem. I know the purchase price is very attractive, but it's very difficult for prospective buyers to know if they're real and what the purity is. You can probably sell to a dealer with test gear and enough familiarity to spot fakes, but I wouldn't buy your rounds. There are so many different rounds that I can't possibly keep up and maintain familiarity with each. I was recently approached by a woman who wanted to sell her deceased husband's silver. I took a look at her silver and spotted fake Eagles immediately. I had to walk from the deal because the rounds and bars were even more difficult and her husband had clearly been defrauded by whoever sold him the Eagles. For this reason, I pay a little more to purchase sovereign minted coins. My favorites are the Maple Leaf and the Britannia. Both have such fine engraving details that it stymies the counterfeiters and I can spot a fake in about ten seconds. That makes them better for use in commerce. That's my suggestion for you. Good luck.
Hi Nate,
Thanks for the comment. Sounds like you have a lot of experience with physical precious metals.
This week, I interviewed Eric Larkin of McAlvany Precious Metals. You can watch it below, if you like.
Around 18:30 he talks about the precious metals market being a “nightmare industry” with “a lot of bad actors.”
McAlvany, as you may know, has been around since 1972 and has been vetted by Hedgeye. McAlvany uses Delaware Depository, which is approved by CME and ICE, and authenticates all of the metals.
I have to trust that the rounds I’m getting are legitimate unless proven otherwise.
Take care.
Mark
https://delawaredepository.com
https://www.youtube.com/watch?v=MhL0E9IH-N8
I have no concern about your purchase from a reputable dealer like McAlvany. I'm sure the rounds you purchased from them are authentic silver of the stated purity.
Presumably, you bought rounds for a medium of exchange in a SHTF scenario. If not, I would say why not buy bars? The price is the same and bars take less storage space.
Any medium of exchange needs anti-counterfeiting measures. Consider the effort that goes into this for paper fiat money. Special ink, special paper, fine engraving, yada, yada. The potential problem occurs when it comes time for you to sell or exchange your silver. As long as McAlvany or any number of other dealers are in business, no problem. They have the equipment and expertise to buy your rounds and you could sell to one of them; however, in a SHTF scenario, suppose I had something you wanted to buy. I wouldn't have any means to authenticate your silver rounds so I would have to decline. Alternatively, if you brought me Canadian Maples or Kennedy half dollars, we would be good to go. They have very effective anti-counterfeiting measures. This is the reason I favor sovereign minted coins or US junk silver. It's very easy for anyone you might want to buy something from in a SHTF scenario to determine if your silver is real and its purity.