Up front: Select a trustworthy dealer and place your order. But there are many complexities and nuances that I will explain. Please forgive me if I have left any of your questions unanswered, but I endeavor to include all needed information to keep you out of trouble.
First, what should you buy? Here are some of the options.
Forms of Gold and Silver
- Jewelry
- Bars/Ingots
- Coins (“rounds” produced by private mints, typically silver)
- Coins (from sovereign mints, historic and current coins)
- USA Silver Dollars
- Junk Silver 90% (USA pre-1965 dimes, quarters and half-dollars)
- Junk Silver 40% (USA Kennedy Half-Dollars minted 1965–1970, and 1976, as well as Eisenhower Silver Dollars minted in the years 1971-1974, and 1976)
- Commemorative/“Collector” Coins
- Numismatic Coins
- Allocated Accounts
- Exchange Traded Products (ETPs)
Jewelry can certainly be a store of value because it contains gold or silver. Gold jewelry will typically be stamped with the purity in karats. 24 karat is 100% gold. 18 karat is 75% gold. Silver stamped with 925 is 92.5% silver. Jewelry will often have the hallmark of the maker along with the purity. If you like jewelry, that is wonderful. However, I do not recommend jewelry for preserving and storing your wealth. The premium above spot price is typically much higher compared to bullion products. That said, people who live in Asian countries many times use gold jewelry for storing wealth. Much of the jewelry sold in Asia is 22 karat.Continue reading“How To Buy and Store Gold and Silver – Part 1, by Rocket J. Squirrel”


