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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. Q: How do I pay for silver?
  11. 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.
  12.  
  13. Q: What kind of silver should I buy?
  14. 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.
  15.  
  16. Q: What is the difference between coins and rounds?
  17. 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.
  18.  
  19. Q: What is "Constitutional" or "Junk" silver?
  20. 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.
  21.  
  22. Q: I don't want to hold physical silver, what other options are there?
  23. 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.
  24.  
  25. Q:Why am I not buying $SLV you shill?
  26. 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.
  27. https://tradingetfs.com/if-youre-buying-silver-buy-pslv-sprott-physical-silver-trust-nysearcapslv/
  28. https://www.history.com/topics/great-depression/bank-run
  29. https://www.desogames.com/shadowcontracts-and-a-history-of-comex-manipulation-in-2020/
  30.  
  31. Q: Should I buy gold also?
  32. 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.
  33.  
  34. Q: What's a good miner?
  35. 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.
  36. /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.
  37.  
  38. Q:No seriously just tell me what miners to buy.
  39. "/PMG/ PAN MAN's choice of miners Winter 2020 - 2021
  40. Buy physical first! Buy stocks second!
  41. Do your own research! These are only suggestions!"
  42.  
  43. Major Miners
  44. >Newmont GOldcorp (US)
  45. Freeport McMoran (US)
  46. >Teck Resources (Canada)
  47. >Kirkland Lake Gold Ltd (Canada)
  48. >Rio Tinto (Australia/Canada)
  49. >Barrick Goldcorp (Canada)
  50. >Newcrest mining (Australia)
  51. >Fortuna Silver Mines Inc (Can/Peru)
  52.  
  53. Top Juniors
  54. >Pretium Resources (Canada)
  55. >Skeena Resources (Canada)
  56. >Dolly Varden Silver Corp (Canada)
  57. >Freegold Ventures Ltd (Canada)
  58. >Impact Silver Corp (Can/Mexico)
  59. >Newgold Inc (Canada)
  60.  
  61. Interesting Juniors
  62. McEwen Mining Inc (Can/US)
  63. Great Panther Mining Inc (Canada)
  64. >Scottie Resources Corp (Canada)
  65. >Ascot Resources (Canada)
  66. >VanGold Mining (Canada)
  67. >Rio2 Limited (Can/Chile)
  68. >Talisker Resources (Canada)
  69.  
  70. Top Silver Miners
  71. >First Majestic Silver Corp
  72. >Pan American Silver Corp
  73. >Endeavour Silver Corp
  74. >Helca Mining
  75.  
  76. 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
  77. lists posted on /pmg/ that are worth perusing, and many more miners that might not be well known yet.
  78.  
  79. Q: I need a quick rundown on Silver. Why should I care about shiny boomer rocks?
  80. 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.
  81.  
  82. Some further reading
  83.  
  84. https://www.jmbullion.com/investing-guide/buying-physical-metals/fdr-silver-nationalization-1934/
  85. https://www.investopedia.com/terms/g/gold-silver-ratio.asp
  86. https://en.wikipedia.org/wiki/Silver_as_an_investment
  87. https://www.investopedia.com/terms/b/bimetallic.asp#:~:text=A%20bimetallic%20standard%2C%20or%20bimetallism,of%20gold%20and%2For%20silver.
  88. 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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