Long-time (relatively speaking) lurker, first time poster. Figured I'd learn about PMs from some of you before asking a stupid question...
So I've been on the fence on buying PMs for a few days - wish it was last Friday instead of today, but I digress. I put together a spreadsheet for several sellers (Apmex, Kitco and BullionDirect), and factored in premiums, shipping, insurance, bank wire fees. Apmex seems like the better deal if buying over $1,500 and sending in a check.
Also found a local shop that sells:
- Silver bars at $2.50 over spot
- Silver Maples $3.50 over spot
- Silver Eagles $4.50 over spot
- Gold bars at $55.00 over spot
- Kruger Rands at $65.00 over spot
- Gold Eagles at $85.00 over spot
So a few questions:
1. Is an initial investment of ~$3,000 too much too fast?
2. Is there a "good" ratio between gold and silver? Thinking of 1:1.
3. Anyone have experience sending a check to Apmex? Assume I buy today, send check tomorrow, when should I expect delivery?