Quote:
Originally Posted by FLAMESRULE
This is an ancient thread, but just wondering if anyone on CP is a "stacker" of physical gold or silver??
I've thought about getting in to it a little. With the printing press in the US the only way I can see there dollar (and likely our dollar) going is down. Inflation is not 1-3%.
I've heard about Alberns, but there seems to be next to no other places in Calgary. Any other recommendations?? I'm a bit leery of online.
Also, any thoughts on silver vs. gold / bars vs. coins?? I'm a bit more focused on silver since its "cheaper" and the gold:silver ratio is quite high (silver is cheaper relative to gold).
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If you want to buy bullion (bars or coins), I suggest checking out this site:
www.silverdoctors.com
He sells silver coins.
I have purchased from
www.silvergoldbull.com without any problems.
I don't like the way Alberns is set-up. One cage serving a long line of people. If the people in front of you don't know what they are looking for, it can be a long wait.
Another alternative is to buy silver dollars and half-dollars (up to and including 1967). The 1935-1967 are 80% silver. Prior to that: 92.5%. When you look to buy these, you are only concerned with the melt value of the coin and not the numismatic (collectibility) value. The melt value of the silver dollars is about $17.40 US right now. Calgary Coin Gallery on Centre Street south usually has a box full of them. He usually doesn't have too much of a premium on them so you might be able to get them for $19.00 or less.
I stack the silver "dollars" but I do not restrict myself to the Canadian dollars. I have South African Schillings, Venezuelan Bolivars, German Empire Marks, etc. You need to do research to determine the silver content in each country's coins. All kinds of them on e-bay, but you typically get killed on the shipping costs. Canadian sellers are not too bad. Be prepared to pay a higher premium, too.