A person should never have a paper trail of the metals they buy - ever. That means buying from a local dealer, with cash, and under $10,000 increments.
I also buy Eagles, as they are recognizable and have credibility. One time a client pulled out a silver 1oz bar. And I said what is that? In bartering, I would have little confidenceā¦
A person should never have a paper trail of the metals they buy - ever. That means buying from a local dealer, with cash, and under $10,000 increments.
I also buy Eagles, as they are recognizable and have credibility. One time a client pulled out a silver 1oz bar. And I said what is that? In bartering, I would have little confidence in a bar as I have no clue if it is actually the real deal, or its purity. You pay a premium for government issued coins, but in my opinion this a worthwhile cost.
In my opinion the first investment should be a heavy duty safe. I guarantee you that I could penetrate many of the gun safes on the market with a pick-ax and saws-all. Think of a safe as an investment. There are a few brands that are worth considering.
This is my personal opinion, but I have thought about this a lot and as a CFP it my basic recommendation to clients who ask.
Glenn:
A person should never have a paper trail of the metals they buy - ever. That means buying from a local dealer, with cash, and under $10,000 increments.
I also buy Eagles, as they are recognizable and have credibility. One time a client pulled out a silver 1oz bar. And I said what is that? In bartering, I would have little confidence in a bar as I have no clue if it is actually the real deal, or its purity. You pay a premium for government issued coins, but in my opinion this a worthwhile cost.
In my opinion the first investment should be a heavy duty safe. I guarantee you that I could penetrate many of the gun safes on the market with a pick-ax and saws-all. Think of a safe as an investment. There are a few brands that are worth considering.
This is my personal opinion, but I have thought about this a lot and as a CFP it my basic recommendation to clients who ask.
Josh
Great points.
Thanks Josh. Good advice!