Problem with buying physical silver

There are many ways of investing in silver.

One of the best way is to buy physical silver.

Now that the silver price per ounce is at a 3 weeks low, it is time to consider buying physical silver again.

Silver seems to hover between $40 and $50 in the short term.

It is hard to reach beyond $50, which is a strong psychological barrier.

It seems that whenever the price goes above $49, everyone starts to fear a bubble in the market.

The fear of the investors and speculators create a bull market correction.

The price can fall as much as $5 in a day.

The current price of $41 is near the lower psychological barrier.

If it goes below $40, the confidence of the investors is shattered as well.

However, buying physical silver has its own sets of problems.

The first of all is where to buy physical silver?

You can buy silver bullions or silver coins.

While the spot rate is known to everyone, the problem is that silver bullions and silver coins sell at a premium over spot rate.

Someone has recommended Tulving.

This website has the lowest spot rate for silver bars.  However, the minimum purchase of 500 ounces means that it is out of reach for small investors.

Not everyone can part with more than $20,000!

If you have the money on hand, and like to invest in physical silver, Tulving is definitely the best place for us.

For the rest of us, websites such as Scottsdale Silver, Kitco, APMEX and Gainesville Coins are better for us.

While some websites, such as Kitco, have seemingly low premium over spot, the shipping and insurance cost are killing!

Scottsdale Silver has very high premium over spot, but the shipping cost is the cheapest of them all.

Some websites do not even sell to international buyers, that is why our choices are rather limited.

If you are interested in collecting silver coins, the choices widen.

There are many websites that sell only coins.

The best of them all is the website of the US Mint.