The most common precious metals to invest in are:
(These prices change daily by the minute, strictly for comparison)
Gold - has been ranging between $700 an $1000 per ounce.
Silver - ranging right around $9-10 and ounce.
Platinum - right around $800 and $1100 an ounce.
There are many others than can be invested in but these are the most common.
Precious metals can come in many forms:
Bullion - bars, ingots or blanks
Coins - Maple leafs, Silver Eagles, Pandas, and MANY others
Jewelry - rings, necklaces, cuff links, etc.
There are many other forms but these are the most common.
The simplest and the cheapest way to get into collecting/investing in precious metals in what they call junk silver and the best way to start is in the form of coins. Any US dime, quarter, half-dollar or dollar coin minted prior to 1965 is 90% silver in content and certainly worth more than face value. All you need to do to get started in investing in precious metals (silver specifically) is to start going through the very change you have lying around and check for pre 65 coins (not nickels or pennies - although I collect them as well). I went through a pile of change I had and found several pre 65 coins without even exerting any effort. I go through and check the dates on all change that comes into my possession. Yes it is that simple...
You most likely have already started investing in gold in the form of jewelry. Gold is expensive and if you want to invest in something you will be able to actually use if the SHTF go for coins that are at least 1/10 of an ounce and preferably 1/20 of an ounce. You don't want to have everything tied up in a few 1 ounce coins because I don't think getting change will be a real option in the event the SHTF and you are paying for services in the form of a gold coin. Most likely in a scenario like that the service will cost what you have.
The old how much does it cost...how much do you have type deal...not good when your fortune is tied up in 1 ounce Pandas.
You really should at least get into hoarding some of that junk silver if you do nothing else because it will cost you nothing just a little effort. I like American Eagles but don't buy them from the mint as you will pay a fairly high price due to the "collector" syndrome. I like them and other coins like them (Maple Leafs, etc.) because they are .9999 pure and 1 troy ounce of silver. You will pay more than the going rate of silver for them strictly because there is collectable value...just be careful not to pay too much.
Get started today by going through your change and looking for pre 65 gems.
...that is all.
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