Choosing the Right Dealer to Buy and Sell Silver

Whether you are a collector, investor or just interested in having silver bullion and coins on hand as an insurance policy against inflation or societal collapse, there are many ways to acquire it. Purchasing online is convenient, saves gas money and wear and tear on your vehicle, and can be done in a spare moment during the evening, lunch break or weekend. Buying offline is also possible, but it requires the extra expense of time and effort to travel to the source of your purchase.

There are several alternatives to owning physical bullion, including trading futures contracts and investing in shares of a precious metal ETF. Each option has its own pros and cons, but they all expose you to the underlying commodity of silver. Physical ownership is the most direct, but may be more difficult to sell in a rush and is subject to factors that are uncontrollable. An example of this would be government invention restricting silver mining operations.

For the most reliable way to buy and sell silver, choose a Pittsburgh silver dealer who specializes in bullion. These dealers will offer competitive prices, and be able to match your sales and purchases with ease. They are also the best source of information about the current market for silver and will be able to help you develop a strategy for diversifying your portfolio with other asset classes.

When choosing a Pittsburgh silver buying and selling partner, it is important to check the dealer’s reputation and the level of experience they have in dealing with the public. Many reputable dealers have been in business for decades, and are trusted sources of information about the precious metals industry. In addition, dealers who have a solid track record of customer service are more likely to be able to provide you with the best prices for your silver.

It is also a good idea to consider the resale value of the silver and gold that you are purchasing. Although coin collections and numismatic items are beautiful pieces, they often have very low resale values. Bullion on the other hand, has a high resale value. This is because of the intrinsic value of the metal, as well as the fact that it is a hard store of value.

When deciding how to invest in silver, it is important to remember that a true investment must be accessible and liquid. In the event of a financial crisis, you will want to be able to easily convert your investments into cash. Precious metal buying and selling is the most dependable way to accomplish this, but it is also possible to gain exposure to silver through other means such as ETFs or futures contracts. However, these investments are not as secure as the physical holdings of a coin or bar. They are susceptible to the same counterparty risk that can affect any other commodity market and should only be purchased by investors who understand the risks involved. MF Global’s bankruptcy in 2011 is an excellent example of this.