Coin Dealers Madison WI | Silver & Gold

So You Have Decided To Buy Silver Online.

Great choice. Let’s talk about silver.

Silver is exceptionally popular today. Part of this is the belief that its potential for upside value increase is even greater than the same belief in gold. A very good book on this subject is entitled: “Why Silver Will Outperform Gold by 400% in the coming years”. It’s a very scholarly book and quite convincing. Give it a read if you have the time.

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Mind you; one need not look as far as that book to find evidence of the common belief that silver has great potential for growth in the near future. All one has to do is go to the web or even Youtube, and there are advocates of this thought at every turn.

Silver is an easy choice at Durham Precious Metals because it gives a sense of substance due to its lower cost per ounce than gold.

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Probably 90% of our business is silver sales, so this sentiment is fairly unanimous throughout the public. 10oz bars seem to be the most popular. Generic rounds and Silver Maples are the next most popular, and 1oz bars are a close 4th place. We believe that 10 oz bars and 1oz rounds are your best value as their premium over the spot is very reasonable. However, there is no wrong choice regarding our silver product line because we try to concentrate on product lines with low premiums anyway.

Silver has always been a form of money. Some will argue that silver has been demonetized, but we beg to differ. All one has to do is refer to the (CCRA) definition for 999 bullion. Rev deems it Can to be a “ financial instrument”. Enough said on that subject!

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From a utility standpoint, silver has somewhere in the neighborhood of 60,000 industrial uses, including painting the backs of mirrors to create a reflective surface to collecting radiation in solar panels. If nothing else, the lack of an above-ground supply of silver ( which is relatively new historically) will keep the demand for this metal strong since, for most applications, there is no viable substitute.

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Can you imagine the mayhem that would ensue if all the major electronic manufacturers came grinding to a halt due to a silver shortage? It would be catastrophic to the economy. We believe that this fact alone will be a major driver of support for the silver price when the powers that be run out of tricks in their attempt to suppress the price of silver. And yes, we agree that this practice continues in plain sight and that the regulators turn a blind eye. Let’s hope justice prevails and the historic silver/gold ratio returns to its traditional level.

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In the meantime…keep stacking!

So You Have Decided To Buy Gold Online.

Great choice! Let’s talk about gold then, shall we?

Gold is, and always has been, a favorite of collectors of precious metals. Its 6000-year history of sustaining wealth is unprecedented. The yellow metal has launched wars, bought fortunes, and has been a form of money throughout that history. It is one of the densest metals and elements on the periodic table. It weighs in at a density of 19.32 grams per cubic centimeter. Water, by contrast, has a density of 1 gram per cubic centimeter.

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Platinum is the densest of the common 4 precious metals at 21.45 grams per cubic centimeter.

People often ask when gold is the right choice to buy instead of other metals such as silver. This is a very common question. There is no easy answer that anyone can give to someone, so we always boil it down to practical applications.

Gold Bullion

Consider how much of an investment you plan to make throughout your precious metals buying.  If you plan on purchasing, for example, $10,000 worth of metals and then cap your spending, it really doesn’t matter which metals you buy. The purchase volume will be relatively small in terms of weight and size. Our main concern and Durham Precious Metals comes down to simple things like, cost of storage, cost of shipping, and bulk. We always try to help our customers have the best experience as metals collectors.

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For example, if you were to tell us that you are considering selling a piece of real estate and using the proceeds to buy metals, then gold would be our suggestion. The reason comes down to volume and weight at this point. Several hundred thousand dollars of silver would be an incredible bulk at this spending level. Hundreds of pounds of silver would be hard to store practically and would be more expensive to store as well. If you are the DIY type, it would be harder to hide than a comparable dollar amount of gold.

Keep in mind that at the time of this writing, gold is about 75 times more expensive in dollar terms as the same weight of silver. That equates to 75 times less bulk per dollar spent. This will make it much easier to hide or store if you are looking at large purchase amounts.

Price Of Gold?

If you only consider a small total purchase amount, either of the metals is perfectly fine. The one consideration we always emphasize for small purchase amounts really comes down to personal perception. Here is what we mean. Silver is 75 times more bulky per dollar spent. Obviously, it will feel much more substantial if you buy $5000 worth of silver and have several hundred ounces to admire than only about 3 ounces. It’s a perception thing at this point, but perception matters to people since perception can make us feel a particular way about what we spend our money on.

In closing, gold and silver are both great choices, and neither is wrong regarding their utility value. They have both had a long history as a store of wealth, which isn’t likely to change soon.

Buy both with confidence. Buy Gold Online

We often carry pieces we don’t list on-site, so please call us for an up-to-date list.

About Durham Precious Metals

When considering silver and gold values, the wise choice is to stock up today. At Durham Precious Metals, purchasing precious metals online is easy and convenient.

DPM is your one-stop store to buy gold and silver, whether through our website or our retail store, for those serious about investing in gold and silver bullion.

Many people want to know where to buy gold and do not realize they can avoid the traffic hassle of driving into the city and visiting us at DPM, located in Oshawa, Ontario. See our Retail Store page for directions. Our customers are delighted with our competitive silver price. We carry mint direct silver bars, silver coins, gold bars, and gold coins.

Make Durham Precious Metals your choice for gold and silver bullion and expert advice on all things gold and silver.

Consider a Gold IRA as well