I’ve been taking advantage of lower gold and silver prices all week buy purchasing bullion.
And from what I’ve found, here are some of the most affordable ways to own silver right now…
The premium for silver bullion coins is out of control. For a one ounce American Silver Eagle, bullion dealers are asking for a 17% to 31% premium.
But from what I can find, one of the lowest premiums on an silver bullion coin is Provident Metal’s One Ounce Silver Prospector.
These coins are privately minted for Provident Metals. They contain one troy ounce of .999 fine silver just like American Silver Eagles.
And again, depending on how you pay and the size of your order, Provident Metals is currently charging between a 4.5% and 9.5% premium for these.
I know that sounds high. But even very larger silver bullion bars currently sell for a premium that’s a little higher.
This coin is probably one of the best for investors right now.
Also, to note, Provident has free shipping orders over $99. Otherwise, standard shipping is $5.95. So a purchase of at least seven of these would be most worth it.
I bought several of these myself last night. At last look, my order was still processing. So I don’t expect to receive them until late next week.
Until next time,
As an editor at Energy and Capital, Luke’s analysis and market research reach hundreds of thousands of investors every day. Luke is also a contributing editor of Angel Publishing’s Bull and Bust Report newsletter. There, he helps investors in leveraging the future supply-demand imbalance that he believes could be key to a cyclical upswing in the hard asset markets. For more on Luke, go to his editor’s page.