NexusFi: Find Your Edge


Home Menu

 





Information on buying physical silver


Discussion in Commodities

Updated
      Top Posters
    1. looks_one Gary with 2 posts (0 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 Cashish with 1 posts (1 thanks)
    4. looks_4 Big Mike with 1 posts (0 thanks)
    1. trending_up 4,238 views
    2. thumb_up 3 thanks given
    3. group 1 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 
Gary's Avatar
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,070 since Jun 2009
Thanks Given: 504
Thanks Received: 2,241

Hello everyone,

I am looking for general information on what to look for when purchasing physical silver, for example.

I would appreciate any feedback, experience, information, etc on what you look for when buying physical silver, why you would or wouldn't, etc.

Thanks!
Gary


As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Five Days Until the Gap Dies -- CME Goes 24/7 on All Dig …
Traders Hideout
More Than Capable: Hegseths War Warning Validates $114M …
Prediction Markets & Event Contracts
$500M Riding on World Cup 2026: France/Spain Co-Favored …
Prediction Markets & Event Contracts
CFTC Approves First US Bitcoin Perpetual Futures -- Kals …
Traders Hideout
SEC Chairman Calls for New Golden Age of SEC-CFTC Regula …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
21 thanks
2026 Jlab journal
10 thanks
Trying to learn Volume and price action correlation
8 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Lady Vols Primer: Trading Volatility Journal
5 thanks
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,669 since Jun 2009
Thanks Given: 33,669
Thanks Received: 102,557


Let's start with your reasons for wanting to buy physical silver... what are they?

Mike




We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on X Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 mrphr 
London
 
Experience: None
Platform: .
Trading: .
Posts: 255 since Apr 2011
Thanks Given: 65
Thanks Received: 182

David Morgan is considerate a silver "guru", if you go to Max Keiser blog you will find interviews with him and a lot of talking about silver market by Max Keiser also. There are some very important and helpfull information about silver and also gold market there.


Reply With Quote
Thanked by:
  #5 (permalink)
 
websouth's Avatar
 websouth 
Pensacola, FL
Market Wizard
 
Experience: Intermediate
Platform: graph paper
Trading: The shiny stuff
Posts: 1,223 since Jul 2009
Thanks Given: 1,118
Thanks Received: 1,340

EDC?
Every Day Carry. What one carries at all times in case the end of the world strikes while one is out and about.
plus looks good next to the AK

source: Survivalism - Wikipedia, the free encyclopedia


@ gary - Just buy something people have heard of like Silver Morgan Dollars, Silver Eagles, and Silver Maple Leafs. Prices are negotiable closer to spot price the more you buy. Get them on the phone to negotiate. It's like buying a car. so enjoy

you can buy in bulk tubes like this
...just an example you need to shop for best price
Buy Silver Online | Buy MintDirect® 2012 Silver Maple Leaf Dragon Privy Coins | APMEX.com


Not sure of your reasons but I would suggest you take physical delivery....I'm not big on the "but I have a piece of paper that says bla bla bla" thing. That's just me.

edit -
here's what I was looking for
https://www.goldmoney.com/silver-prices.html

SILVER BUY RATES

Current Spot Rate
$29.2100/oz
Ounces Rates
$1 - 9,999 $30.3754 3.99%
$10,000 - 99,999 $30.2878 3.69%
$100,000 - 499,999 $29.9373 2.49%
$500,000 - 999,999 $29.8496 2.19%
$1,000,000+ $29.7912 1.99%


“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #6 (permalink)
 
Gary's Avatar
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,070 since Jun 2009
Thanks Given: 504
Thanks Received: 2,241


Big Mike View Post
Let's start with your reasons for wanting to buy physical silver... what are they?

Mike

Something new to learn about, diversification, future investment; for a start.


As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #7 (permalink)
 
Cashish's Avatar
 Cashish 
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker: IB, IQ
Trading: Currency Futures
Posts: 802 since May 2011
Thanks Given: 811
Thanks Received: 2,102


Gary View Post
Something new to learn about, diversification, future investment; for a start.

I started buying silver rounds (.999 ,,, generic rounds, some have art on them) before the Y2K "scare." I continued to buy a little here and there after "the non-event." I collect coins so it was a good fit. I started putting together a Silver Eagle collection and found this company, been using them ever since. The website ain't much, but the service is excellent.

GOLD SILVER PLATINUM PALLADIUM BULLION COINS BARS FOR SALE

Silver Eagles have a market of their own, and my thought is, if I suddenly fall over dead, the collection could be sold easily at a premium over spot. Many (most) of those generic rounds I initially bought under $8.00 yes, eight. I sold them all in the $40's on Ebay so now, I'm all Eagles. I will say this, gold takes up a hell-of-a-lot less space.

BTW, Don't get any ideas, I also have a pretty nice gun collection.


Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on May 10, 2012


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts