How to Buy Silver and Avoid Getting Scammed

Written By: Jason Hommel  |  Posted: Tuesday, May 25th, 2010

People continually ask me about all kinds of physical silver investments. I have avoided writing this article for years because people are always telling me to not say anything bad about anyone, or your competition. But I don't need to name names, and liars are not my competitors. So, here's how to avoid getting ripped off.

Never buy silver from TV ads. Ads are expensive. TV ads sell silver for up to $50 or $100/oz., up to ten times more than the silver price. They sell as "rare, limited, collectibles" things that are mass produced, and newly minted. In coin shops, you can buy the same products that were sold on TV ten years ago, right at the cost of the silver itself.

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