monthly silver/gold subscription

[CleverNickname]

I'm considering something like this:
http://www.montanararities.com/silver-saver.html
or
http://bullion.nwtmint.com/monthly-accumulation-program.php

Basically you put up like $100 a month and they ship you the whole quantities and roll the fractions over.

Anybody have experience with something like that?

 

[benjamen]

I'm considering something like this:
http://www.montanararities.com/silver-saver.html
or
http://bullion.nwtmint.com/monthly-accumulation-program.php

Basically you put up like $100 a month and they ship you the whole quantities and roll the fractions over.

Anybody have experience with something like that?

It looks like an interesting idea, but I would wonder:

a) What if you want to diversify into multiple metals?

b) Are their prices better than anywhere else when you factor in their free shipping?

c) Privacy concerns?

 

[69mach351]

I read through the first one, and while I appreciate what they are trying to do, the few items I am familiar with are over-priced. IMO, you would do better just buying a little each month on your own.

A lot of places have pretty cheap shipping. If you want to do something automatically, you could probably talk to a salesperson at some of the online dealers and have them give you a call once a month.

 

[pmbug]

Have you tried talking to your local coin shop? I believe that many of them will set up regular purchase programs like this and you might get a better deal on price.

 

[DSAbug]

Have you tried talking to your local coin shop? I believe that many of them will set up regular purchase programs like this and you might get a better deal on price.

Really depends on the state you live in. If you are in Texas, you are better off doing large purchases to avoid the sales tax. When I lived in Oregon, it was best to go local.

 

[DCFusor]

I'm a big fan of dollar cost averaging - but I think paying someone else to have discipline is a bad idea. If you develop your own, you get other payoffs in other areas too, so it's a better idea to do that for yourself.