Friday, October 12, 2012

What Form Of Silver Should You Hold?

It’s true that not all silver is created equal. Every type of refined silver is going to sell for the spot price (melt value) plus an additional markup. This markup is called the premium… and premiums vary dramatically from one form of silver to another.

If you can, I recommend having at least $500 face value in ['junk silver'] coins stored somewhere safe yet easy to access. At Thursday’s close, my dealer was selling junk at 35 cents over spot (or $34.45) with free shipping. A bag of $500 face contains 357.5 ounces and costs $12,315.88.