Quote Originally Posted by muddywings View Post
questions from a very soon first time buyer of physical silver-
where do you keep your silver and can I count it....hehehehe.

really though, I just looked at my home owner's policy and it only covers $200 in PM. Do you all keep you silver at home or safe deposit box at a bank? I figure some of my guns might have to share some real-estate with some silver coins but they don't mind. However, I'm pretty paranoid about theft or fire and I only expect my safe to keep out a novice thief or minor fire. (I guess with Waldo Canyon and Black Forest fires the past two years really makes you think how easy it is to loose everything). Case in point, I run a time machine on my macbook constantly, I run a time machine backup once a month then put the hard drive in a fire proof sentry safe which is in my fireproof gun safe. Then once every six months, I do an additional backup to a third hard drive and leave that one at my mom's house, so yes very paranoid!

Second question-
Do you have a ratio split with different size silver coins such as 1/2 oz, 1 oz and greater? Any good reason to do that? Any bad reasons why one shouldn't do that?

Thanks
I would keep it at home, it only belongs to you if you have possession of it. Plus I heard horror stories of banks going into people's safe deposit box when there home went in foreclosure and what not. So I don't trust them. Might be a good time to invest in a high quality safe like American security/ Fort Knox/ brown safes?? I buy for more of long term investment and buy 1oz and 10oz bars. I'm new as well so I only go to well known dealers. You are going to have to pay a premium, for instance if silver is at $20 an oz for one oz I have to pay an addition $3-3.50 don't remember and $2.50 for every oz on 10 oz bars. Premium goes down the more weight you buy. A good place/person should be willing to explain it to you and sell you something that will best suit what you are looking for. I'm no expert so I would just make sure your comfortable before you buy. Seen a guy bring in silver dollars and was told they were fakes and store passed on buying them, there was silver in them they said but could not determine how much. Good luck!