It’s seems like every other commercial we here is touting the values of investing in silver or gold. Most people seem to be choosing silver bullion, as it is something that cost less, so you can buy more of it at once. However, if you are new at the buying and selling of hard assets like silver bullion, then you may be wondering how to get started. First, you must find a reliable and trustworthy dealer, as you don’t want to spend your hard earned money and find out the place you thought you were investing in was just a scam.
Here are some tips on how to find a trustworthy dealer to buy or sell silver bullion:
Well-Established, Long Term Dealers
Choose one that has been doing business for several years. Those that are well-established have probably been doing this for much longer than just the current fad of some dealers that have been popping up all over. Some places, such as the dealers Kitco and Monex have been around for more than 30 years.
Brick and Mortar Locations
Most of the reliable dealers will have both a physical location and a website. If you are looking at a dealer online, make sure you can confirm they have such a place before you buy.
Look for Satisfied Customers
Trustworthy dealers will also have a list of happy customers. Try to get a list of these, as a reputable dealer will be happy to show you previous reviews from satisfied customers. You can also see if other investors that you know have bought or sold through the dealer you are considering.
Try to Get Your Silver in Your Own Area
There could be a reputable dealer in your own hometown. If you can find it, check out any that is located near you. That way you can actually go there, talk to them, and check out their credentials a lot easier. Plus, you can take possession of your silver bullion right there and there is no danger of it getting lost in the mail or you getting scammed.
Ebay is Actually A Good Option
Believe it or not, there are trustworthy silver dealers on this popular auction site. Just be sure to check out the seller’s credentials, reviews, and feedback. Ebay itself does have a policy of protection for buyers that should also help prevent fraud, but always check out everything you can to be sure you know what you are doing.
Wherever you buy your silver bullion from, you are making a purchase that will help you have a hedge against inflation, and be a possible source of income for trying times if they come.