Silver Update: One of the most popular questions people ask regarding buying gold and silver is:

“Alright, you’ve convinced me that I need to be buying gold and silver. How do I buy it? What do I do next?”

One of the most important things to remember is to by REAL gold and silver and not “Fool’s Gold & Silver.” You need to buy gold and silver coins and bars that you can hold in your hand.

Now, you don’t HAVE to hold them in your hand. You can have them stored at Brinks Security if you would like. Or you can have them delivered to your door. But you want to get REAL gold and silver.

There are various forms of gold silver available in the market that experts consider “Fool’s Gold” and “Fool’s Silver.” The following list contains forms of gold and silver you do NOT want to buy:

1. ETFs or “exchange traded funds” in gold and silver. It is widely suspected in the gold and silver community that these paper contracts are NOT completely supported by real gold and silver. These funds do not have all the gold and silver that they say they do, to back them up.

You are not buying actual gold and silver. You are buying “price exposure” to gold and silver via paper contracts. You’re not buying the actual metal that you can actually hold and touch.

Also, it is not a private transaction. You are taking the most private transaction that there is – buying actual gold and silver through a dealer – but by buying ETFs you’re taking this ULTRA Private transaction and putting it back into the hands of the very same banks that have caused this whole financial crisis by gambling with your deposits and in effect, committing fraud on risky load applications.

The other things to stay away from are:

* Pool Accounts
* Certificates

Experts believe these forms also do NOT have the amounts of actual gold and silver claimed to back them up. When you invest in a pool account you basically invest in a “Future’s Contract” which again is just buying you the “price exposure” to gold and silver and not the actual metals.

2. Numissmatic Coins – Stay away from this Fool’s Gold/Silver unless you have a LOVE for “COLLECTING” and not investing. These are over-priced collector coins. When you’re buying a numissmatic coin you can be paying many time the actual gold and silver content because you are paying a premium for the “rarity” and how much somebody else covets that particular coin. Much of the value is determined by finding the exact, right buyer for it at any particular time.

Whereas bullion coins and bars are based at all times on the current worldwide spot price and at ANY given moment there are hundreds of thousands and even millions of buyers available to sell to.

The other dangerous thing about numissmatic and collector coins is that under certain scenarios for instance, if we had a big deflation, you can have hundreds of thousands of these coin collections hit the market all at the same time when people in a panic decide whether to “let go” of the house first, or the coin collection… they will decide to liquidate the coin collection which will cause a flood of sellers at the same time. This would cause all the “Numissmatic Premium” to suddenly disappear.

So your premium priced coins that you bought for far more than the actual gold and silver content would suddenly drop in value to the REAL and ACTUAL gold and silver content of the coin.

Real gold and silver bullion coins at the same time may be doubling, tripling quadrupling or more during these times. Gold and silver bullion may be going up while your collector coin is actually losing most of it’s numissmatic value.

What form of physical gold and silver coins and bars to buy largely depends on how much you are planning on buying and storing.

If you are eventually going to have more than a million dollars worth of gold and silver, the large commodities exchange bars would be best. These bars come in amounts of 1,000 oz Silver or 400 oz Gold or 100 oz Gold. These have the narrowest “Bid-Ask Spread” (difference between the price which dealers buy them and sell them to you). These forms are very efficient and very liquid.

Experts do not recommend that you keep them in Exchange Vaults, they recommend a professional 3rd part security storage firm like “Brinks” in Salt Lake City, UT and keep it off the exchange vaults. If there was a default on the commodities exchange (and there have been defaults in the past) you do not want your metals in the commodities exchange vaults because they will control and make plans on how or IF and when you’ll get your metal. You want firm control.

Experts feel that Silver will go over $100/oz and some experts believe there is even a possibility that silver can go to over $1,000/oz. They know that sounds crazy, but also state that all you have to do is study the fundamental underneath silver and then study a little bit of monetary history and you will find that crazier things have happened quite often in the past.

So a 1,000 oz bar of silver would be worth $1 Million Dollars. Unless you are going to be buying over $1 Million in silver there are other recommended ways to buy it. There are 100oz bars such as, Johnson Mathey bars and other recognized refiners. These bars have a hallmark on the bar, there is a serial number, a weight and fineness stamped right on the bar. So you basically have a certificate of authenticity stamped right on the bar.

Then you have the 10oz bars and again, you have the weight and fineness stamped on the bar and both of these bars stack very well in a safe. But many experts agree that they’re favorite form of silver is the government minted coinage such as the American Silver Eagle 1oz coins.

Some of the reasons why dealers and precious metal investors like these coins is that there is no requirement to report transactions to the IRS which are in 1oz Silver Coins. It remains an ULTRA Private transaction between you and the dealer. During a buying frenzy for gold and silver, you could receive a premium for government coinage versus gold and silver bars.

Mints only have a certain capacity, so there are fewer coins in circulation than there are bars of gold and silver. This also creates a premium for silver and gold coinage versus bars. Premium or not, it’s important to invested in gold and silver today. The worst thing to be invested in right now under the current monetary situation globally is in U.S. Dollars especially 30 year Government Bonds etc. You need to be investing in and owning silver and gold.

There are a couple ways you can begin to invest in gold and silver:

1. You can go to a reputable dealer and simply buy it at retail. Mike Maloney is the Gold/Silver Precious Metals Expert Advisor to Robert Kiyosaki of “Rich Dad, Poor Dad and Mike is a reputable dealer who can be reached on his website: http://www.GoldSilver.com where you can purchase gold and silver at retail.

2. You can get your Silver at below spot price. We have been receiving and earning 1oz American Eagle Silver coins for over a year from a resource where you can pay a little bit of a premium for silver but then by simply inviting others to your website, you can earn and accumulate Silver for FREE. With only two referrals you can be accumulating Silver at below spot price.

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