Silver Lessons

I need a primer in purchasing silver.

I've bought a few .999 troy ounce silver rounds. But I noticed that there are 'collectable' rounds. Does it really matter as long as they are .999?

Should I purchase coins rather than rounds?

Are there any other differences that I should be aware of?

ReadyMom wrote:I need a primer in purchasing silver.

I've bought a few .999 troy ounce silver rounds. But I noticed that there are 'collectable' rounds. Does it really matter as long as they are .999?

Should I purchase coins rather than rounds?

Are there any other differences that I should be aware of?

I've purchased a lot of silver in the last 4 years, when it was selling at $15.00 a troy ounce or less.

1 oz of silver is different then 1 troy ounce of silver, 1 oz is lighter then 1 troy ounce.

I buy silver rounds, nothing special, 1 troy ounce is 1 troy ounce. If things go south, you're not going to gain anything from having collectible rounds.

Silver is high now and was even higher last month. I plan on buying more silver, but not at these prices, the price will drop, I hope.

Here's the reason I've been investing in silver, I'm old and getting older, I refuse to have my kids pay anywhere from 20% to 30% in inheritance tax on what I've earned and have already paid taxes on. They can take the silver and cash it in if they want.

Here's a couple of link on investing in silver/silver stock:

https://money.usnews.com/investing/investing-101/articles/how-to-invest-in-silver

https://www.fool.com/investing/2017/05/22/how-to-invest-in-silver-the-right-way.aspx

I have an online account with apmex.com and I buy 100 oz. at a time, it's cheaper that way. Here's a link for ya and one of the coins I buy:

https://www.apmex.com/product/44447/1-oz-silver-round-buffalo

Thank you! Then I'm oke with what I'm doing, which makes me feel a lot better!

Anyone else have any questions? Put them here!