How much gold and silver should I purchase?
We get this question a bit. But as we’re not financial advisors it’s not our role to tell you how much paper wealth to convert to bullion. We simply say consider your net worth and decide how much you want to “remove from the system” and allocate to physical bullion with no counterparty risk.
Then you could also consider splitting this amount into say, for example, possibly thirds. Grab a position if you don’t have any bullion, but keep some powder dry in case of a dip in prices. You can then also consider dollar cost averaging. Which is to buy on a set day of the month regardless of the price. Or every 2 months or 3 months or whatever your preference is and your budget allows. Overall this not only removes the emotion of buying but should give a decent overall entry price.
Here are a few of past articles that may be of some help if you want to look at timing your entry: http://goldsurvivalguide.co.nz/is-now-a-good-time-to-buy-gold-in-nz-dollars-part-2/
Understanding exchange rates when buying: http://goldsurvivalguide.co.nz/avoid-worrying-about-the-nzdusd-exchange-rate-when-buying-gold/
Some simple methods to determine lower risk times to buy: http://goldsurvivalguide.co.nz/nzd-gold-and-silver-a-beginners-guide-to-technical-analysis/
Or if you prefer to watch and listen than read, here is the video version of this article: http://goldsurvivalguide.co.nz/gold-and-silver-new-zealand-a-beginners-guide-to-technical-analysis/
Buying a Home Safe for Gold Silver Storage
There are many gold silver storage options available. From private vaulting and storage companies to “midnight gardening”. We go through the main ones in module 7 of our free Gold Ecourse: Module 7 of 8 – How and where to store it A home safe is one ...
What percentage of gold vs silver should I buy?
What percentage of gold vs silver should I have? This really comes down to individual preference. We see people who either buy all gold, all silver, or a mixture of both in varying amounts. We’ve actually written two separate articles outlining some ...
Do I have to pay upfront when buying gold or silver? (Silver 20% deposit option)
Yes as gold and silver prices vary every minute of the day, in order to lock in a price you need to make payment the same day. However in times where there is high demand and delays in delivery of silver, we have a supplier with an option to lock in ...
How do I pay when buying gold or silver?
The vast majority of people buying gold or silver (say 99%) pay via online banking – credit card is not a good option as you will have to pay more due to the card processing charges. You can pay cash over the counter but this is dependent on what is ...
Okay, so I've decided to buy, why should I go through you guys?
Great question and we’ve got some answers here as to why buy through us here at GoldSurvivalGuide: http://goldsurvivalguide.co.nz/about/why-choose-us/