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  1. #1
    CaNewbie
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    So I've started to buy some silver bullion as a hedge against inflation, and as a fun alternative way to putting all my cash into RRSPs.

    Unfortunately my local gold & silver store charges way too much over spot. All the online dealers I've found charge far too much for shipping. And importing it across the border has been a pain. Anyone know where i can order some online at a decent cost?
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  2. #2
    Financial Advisor ashedfc's Avatar
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  3. #3
    Smart Canuck tobiwobi's Avatar
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    you can go to your bank/any bank and tell the teller that you would like to buy however many ounces. they have it shipped into the branch and then you pick it up, pay going rate + I think $35 charge for "armored vehicle" to drive it to the bank.

  4. #4
    Men Coupon Too!
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    lol @ it being an inflation hedge

    Not a bad investment, as long as it makes up less than 10-15% of your portfolio.. Otherwise it's a very bad idea.
    Last edited by GoStumpy; Tue, May 14th, 2013 at 12:04 AM.
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  5. #5
    Newbie
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    The key is to obviously not deal with dealers. Banks are dealers as well. So run Wanted ads for silver coins and learn how much things are worth. You need to find sellers that are hard up for cash and offer them a little more than the dealer would. You'll save most of the spread as they can't wait for a better deal and you can so you can just walk away if they won't come down to your price

  6. #6
    CaLoonie
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    There are three major issues with purchasing bullion

    1. Selling the gold or silver will prove hard and dealers will low ball you to try to get the best price
    Think about this, banks won't buy it from you, and you will have to deal with people who want to give you a low price so that they can sell it high. Are you really going to post bullion on Kijiji and have a stranger show up to buy/steal it from you?

    2. Prices for gold and silver are a roller coaster right now, you are better off purchasing gold stock and silver stock, this way you can sell the shares right away and not left holding bullion at home.

    3. Where are you going to store this bullion? At your home? Bank? In a box, in the ground in your back yard?

  7. #7
    CaLoonie
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    I have thought about using bullion against inflation as well, but storage is a bit of issue because I am always worrying about it if I am storing them at home, and if I store them in the bank, then I have to pay then there is the cost (inflation). How about just buying jewlery (glod and sliver) from overseas if you have a good place to store them.
    GET $5 OFF Herbal and Nutritional Items Coupon Code: XIF785 http://www.iherb.com Low shipping charges to Canada Save about 30-40% Off retail prices. 14,000+Brand-Name Herbal & Nutritional Items Pay No TAX on items!

  8. #8
    CaLoonie
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    Quote Originally Posted by Gsxrboy View Post
    There are three major issues with purchasing bullion

    1. Selling the gold or silver will prove hard and dealers will low ball you to try to get the best price
    Think about this, banks won't buy it from you, and you will have to deal with people who want to give you a low price so that they can sell it high. Are you really going to post bullion on Kijiji and have a stranger show up to buy/steal it from you?

    2. Prices for gold and silver are a roller coaster right now, you are better off purchasing gold stock and silver stock, this way you can sell the shares right away and not left holding bullion at home.

    3. Where are you going to store this bullion? At your home? Bank? In a box, in the ground in your back yard?
    Yeah, buy/steal that is true. Never know nowadays.
    GET $5 OFF Herbal and Nutritional Items Coupon Code: XIF785 http://www.iherb.com Low shipping charges to Canada Save about 30-40% Off retail prices. 14,000+Brand-Name Herbal & Nutritional Items Pay No TAX on items!

  9. #9
    More2Share candogrl's Avatar
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    An interesting discussion with a number of good questions - most of them are no longer an issue since you can buy and sell precious metals online, have your holdings stored in a vault and follow the price in a number of currencies real-time so you know when to put on your trades and get alerted automatically.
    Best regards,
    the CanDoGrl


    ==> The Key to Way More Than Just Savings <==
    - - - - - - - - Sites to Explore - - - - - - - -



  10. #10
    Smart Canuck
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    Ya I have my holdings in a TFSA through BMO. They sell physical Gold and Silver that allows you the option to have it shipped to you if you want at an extra cost $3 a ounce for silver, but I can't remember the cost for Gold.

  11. #11
    Smart Canuck
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    Quote Originally Posted by JennyPielinen View Post
    before you buy bitcoin you need to choose the best sites to buy bitcoin, Investigate whether your exchange meets standards, Select a wallet to safely store your cryptocurrency.
    Avoid Bitcoin like the PLAGUE!
    Unless you want to find yourself completely broke in the future!

  12. #12
    More2Share candogrl's Avatar
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    Quote Originally Posted by StylishBeats View Post
    I would suggest you not to buy bitoin. but to mine it yourself. There are many options to do that even without powerful mining farm, one of the best I can recommend is cloud mining. All you have to do is get yourself a contract, top it off with a hashflare promo code and get yourself a cryptocurrency for literally no effort. Only a small monthly fee and all the benefits of mining will be available to you.
    Please provide some real numbers from your own results which show what can be gained from such an exercise in net profits after all the expenses are paid for on a monthly basis over the duration of a year ...
    Best regards,
    the CanDoGrl


    ==> The Key to Way More Than Just Savings <==
    - - - - - - - - Sites to Explore - - - - - - - -



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