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  1. /pmg/ Newfriend silver FAQ -New to PMs? Welcome schizo. Please read these FAQs before asking a question
  2.  
  3. -note- this guide is targeted at U.S. Anons, however the circumstances in your country will likely be similar
  4.  
  5. Q: where I buy silver?
  6.  
  7. Silver can be bought through a dealer such as those listed in the OP, from a local coin store or pawnshop, eBay or from private parties.
  8. findbullionprices.com can be used to find low prices, though be aware it won't necessarily index every reseller.
  9. https://findbullionprices.com/
  10.  
  11. Q: How do I pay for silver?
  12. Different stores will take different payments such as cash, cryptocurrencies, credit cards or checks. Paying with cash or a check will have lower fees than paying on credit, as sellers are charged around a 4% fee for processing credit card payments.
  13.  
  14. Q: What kind of silver should I buy?
  15. Typically the more silver you buy, the less you pay per ounce. A 100 oz bar might be $1.50 an ounce over spot vs 100 1oz coins $3 an ounce over spot, making the total cost for 100oz of each $2,650 and $2,800 respectively. However selling 1oz coins will likely be easier than selling a 100oz bar.
  16.  
  17. Q: What is the difference between coins and rounds?
  18. Coins are minted by a government and are exchangeable for currency, two examples are American silver eagles and Canadian maples. The advantage of this is when selling they are recognizable in value to more people, and as a result worth slightly more, however they also have a higher premium. Rounds are generic, and only hold value due to their silver content, however premiums are lower.
  19.  
  20. Q: What is "Constitutional" or "Junk" silver?
  21. pre-1965 US currency contained a high content of silver. The advantage of junk silver is it's both recognizable as currency like coins, while often having low premiums like rounds. The downside is largely that it takes up more space due to being 40-90% silver vs 99.9% like most coins and rounds. Junk silver can also be divided more easily- If silver mercury dimes for example are worth roughly $2 each due to their silver content they could be used to trade for $2, $10 or $200 worth of something, while 1oz coins worth $30 could be used to be $30, $60 or $300 of something. Smaller coins such as 1/10oz ASEs exist, however the premiums on them are usually fairly high compared to junk silver.
  22.  
  23. Q: I don't want to hold physical silver, what other options are there?
  24. DO NOT BUY $SLV! Other options are holding silver in a deposit box, buying miner stocks such as $AG, miner indexes such as $SILJ, or a physical trust such as $PSLV. Please note these aren't recommendations but examples.
  25.  
  26. Q:Why am I not buying $SLV you shill?
  27. Briefly, for every ounce of silver held in vaults to back $SLV there are several to hundreds of times more "paper" silver that is traded, similar to fractional banking where a bank holds for example $10 in it's vault for every $100 it loans. If people demanded delivery of all of the paper silver at the same time there would not be enough to go around.
  28. https://tradingetfs.com/if-youre-buying-silver-buy-pslv-sprott-physical-silver-trust-nysearcapslv/
  29. https://www.history.com/topics/great-depression/bank-run
  30. https://www.desogames.com/shadowcontracts-and-a-history-of-comex-manipulation-in-2020/
  31.  
  32. Q: Should I buy gold also?
  33. Maybe, Gold is less volatile, which makes it less likely to both go down and go up in price and go down. If you want more risk and potential gains and losses, buy more silver.
  34.  
  35. Q: What's a good miner?
  36. Consider buying into ETFs versus particular markets if you expect silver miners to go up in price, but aren't sure which miners to pick. Note that smaller cap miners are usually riskier or weighted on market prices - a penny stock will move a lot more if the price of silver increased by 20% than a larger company, and the inverse is true.
  37. /pmg/ and ceo.ca are two places where you can learn about miners, however please DYOR and take what you hear with a grain of salt.
  38.  
  39. Q:No seriously just tell me what miners to buy.
  40. Buy physical first! Buy stocks second!
  41. Do your own research! These are only suggestions!
  42. Jr Miners are extremely risky and you should not invest in these unless you truly know what you're doing. Many of jr miner companies are duds and will dilute the fuck out of your shares.
  43. Stick with Majors/Silver Producers if you are not confident in your jr miner knowledge.
  44.  
  45. PanMan's Spring 2021 List Link: https://imgur.com/a/uABdTuc
  46.  
  47. /pmg/ Anon list: https://pastebin.com/ETTqmdug
  48.  
  49. Google Doc of Junior Miners in development/explorer stages.
  50. https://docs.google.com/spreadsheets/d/e/2PACX-1vT8LYD7zl4HT_HCG-BjzdVsVeCOVZS7kkJVIvsjLMp1L3BFtdLYWXE_myH2iHsY-9cN9WeOCYN75BGQ/pubhtml
  51.  
  52. Gold Ventures also has a ranking of Jr miners.
  53. Gold: https://www.goldventures.org/blog/gold-sitfolio
  54. Silver: https://www.goldventures.org/blog/silver-sitfolio
  55.  
  56. Here are two services I pay for. These list decent Silver/Gold investments and detail how a portfolio should be setup. (2/21/21 Links)
  57. SilverChartist: https://silverchartistreports.s3.us-east-2.amazonaws.com/2-21-21%2C+SilverChartist+Report.pdf
  58. TheDailyGold: https://thedailygold.s3.us-east-2.amazonaws.com/TheDailyGold+Premium+Updates/02202021_TDG714.pdf
  59.  
  60. Here's a writeup I did of Jr Miner management. Most of this information came from Don Durret's Book, "How to Invest in Gold and Silver"
  61. https://imgur.com/a/5NP8ZNK
  62.  
  63. Here's a small intro guide to doing DD on Jr miners.
  64. https://pastebin.pl/view/fddd4572
  65.  
  66. Note that being on these lists doesn't necessarily mean it's a good buy at whatever the market rate is. There are many more
  67. lists posted on /pmg/ that are worth perusing, and many more miners that might not be well known yet.
  68. Especially in the Gold Jr sector, there are 100s of companies. Silver is different however, as there are only a few dozen companies to pick from.
  69.  
  70. Q: I need a quick rundown on Silver. Why should I care about shiny boomer rocks?
  71. Silver is shiny. It is also what's called a "defensive commodity" - if things are broadly going bad it is more valuable, if they are good it is less valuable. It also has applications in batteries, solar panels and other industrial applications, though this is also true of other metals.
  72.  
  73. Some further reading
  74.  
  75. https://www.jmbullion.com/investing-guide/buying-physical-metals/fdr-silver-nationalization-1934/
  76. https://www.investopedia.com/terms/g/gold-silver-ratio.asp
  77. https://en.wikipedia.org/wiki/Silver_as_an_investment
  78. https://www.investopedia.com/terms/b/bimetallic.asp#:~:text=A%20bimetallic%20standard%2C%20or%20bimetallism,of%20gold%20and%2For%20silver.
  79. https://www.reuters.com/article/jp-morgan-spoofing-penalty/jpmorgan-to-pay-920-million-for-manipulating-precious-metals-treasury-market-idUSKBN26K325
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