This was my first physical silver purchase (I already own some physical gold). Decided to take some silver to diversify and for reasons that have been stated on the thread, specifically, fairly stable demand yet steadily decreasing inventories and production worldwide. Through some recos, I used these guys (this is not an endorsement):
tulving.com
tulving.com
In the past for gold purchases I used a local dealer who is primarily a coin dealer but also deals a lot of bullion.
I chose an (undisclosed #) of 100 oz Englehard bars, as well as the 40% silver bag. I liked the silver bags (which are pre-1970 JFK half dollars, 40% silver) because the current premium value/face ratio is low (about 35%) and the price is close to melt/spot value (about .25/oz over). If silver prices collapse, the coins have a face value limiting my loss to 35% max. If they rise, the sky is the limit, so to speak. Kind of like buying calls...
I also bought some 1/10 oz American Eagles. They had a special on and the price was reasonable. Who knows, if things get REALLY bad, I may need to pay my DSL bill with 'em...;)
They ship for free, the prices seem pretty good and per correspondence I had with other SI posters, they are trustworthy. They take checks or bank wire transfer, they lock in the price when you order and deliver the day after they check clears or the wire transfer is received. I haven't recevied the goods yet, I'd expect to next week. They ship the larger items (the silver bars and silver bags) by UPS ground, and ship gold coins by overnight air (USPS, I believe). I'll let you know how everything looks when I get it...
EDIT: This purchase represents an EXTREMELY small part of my overall investment portfolio, approximately .2%, bringing my overall bullion holdings to about 1% of my portfolio. I really hope it DOESN'T increase to 10% of my holdings, if it does, you'll know the country is in fairly deep $hit. If it increases to 50% or more of my holdings...errr, best not go there!
Regards
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