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  1. /pmg/ Newfriend silver FAQ
  2. -note- this guide is targeted at U.S. anons, however the circumstances in your country will likely be similar
  3.  
  4. Q: where I buy silver?
  5.  
  6. 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.
  7.  
  8. Q: How do I pay for silver?
  9. 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.
  10.  
  11. Q: What kind of silver should I buy?
  12. 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 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.
  13.  
  14. Q: What is the difference between coins and rounds?
  15. 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.
  16.  
  17. Q: What is "Constitutional" or "Junk" silver?
  18. 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.
  19.  
  20. Q: I don't want to hold physical silver, what other options are there?
  21. 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.
  22.  
  23. Q:Why am I not buying $SLV you shill?
  24. Briefly, $SLV paper silver is a ratio to physical silver, similarly to fractional banking. If there was a run on silver deliveries similar to a bank run you would be left holding the (empty) bag.
  25. https://tradingetfs.com/if-youre-buying-silver-buy-pslv-sprott-physical-silver-trust-nysearcapslv/
  26.  
  27. Q: What's a good miner?
  28. 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.
  29. /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.
  30.  
  31. Q:No seriously just tell me what miners to buy.
  32. "/PMG/ PAN MAN's choice of miners Winter 2020 - 2021
  33. Buy physical first! Buy stocks second!
  34. Do your own research! These are only suggestions!"
  35.  
  36. Major Miners
  37. >Newmont GOldcorp (US)
  38. Freeport McMoran (US)
  39. >Teck Resources (Canada)
  40. >Kirkland Lake Gold Ltd (Canada)
  41. >Rio Tinto (Australia/Canada)
  42. >Barrick Goldcorp (Canada)
  43. >Newcrest mining (Australia)
  44. >Fortuna Silver Mines Inc (Can/Peru)
  45.  
  46. Top Juniors
  47. >Pretium Resources (Canada)
  48. >Skeena Resources (Canada)
  49. >Dolly Varden Silver Corp (Canada)
  50. >Freegold Ventures Ltd (Canada)
  51. >Impact Silver Corp (Can/Mexico)
  52. >Newgold Inc (Canada)
  53.  
  54. Interesting Juniors
  55. McEwen Mining Inc (Can/US)
  56. Great Panther Mining Inc (Canada)
  57. >Scottie Resources Corp (Canada)
  58. >Ascot Resources (Canada)
  59. >VanGold Mining (Canada)
  60. >Rio2 Limited (Can/Chile)
  61. >Talisker Resources (Canada)
  62.  
  63. Top Silver Miners
  64. >First Majestic Silver Corp
  65. >Pan American Silver Corp
  66. >Endeavour Silver Corp
  67. >Helca Mining
  68.  
  69. Note that being on this list doesn't necessarily mean it's a good buy at whatever the market rate is. There are many more
  70. lists posted on /pmg/ that are worth perusing, and many more miners that might not be well known yet.
  71.  
  72. Q: I need a quick rundown on Silver. Why should I care about shiny boomer rocks?
  73. 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.
  74.  
  75. Some further reading
  76.  
  77. https://www.jmbullion.com/investing-guide/buying-physical-metals/fdr-silver-nationalization-1934/
  78. https://www.investopedia.com/terms/g/gold-silver-ratio.asp
  79. https://en.wikipedia.org/wiki/Silver_as_an_investment
  80. https://www.investopedia.com/terms/b/bimetallic.asp#:~:text=A%20bimetallic%20standard%2C%20or%20bimetallism,of%20gold%20and%2For%20silver.
  81. 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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