I started buying bullion a couple years ago. I first bought Canadian Silver Maple Leafs for about 30% over spot. Then I started buying junk silver coins for about 10% over spot. Then one day I bought a set of sterling cutlery on ebay for $250 and when it arrived I weighed it up and realized I had bought silver for about 30% of the spot price. I then bought another set and the same thing happened, I was getting silver for a fraction of what it was worth. I began buying all the cheap sterling I could find on ebay and a couple years ago it was like an endless yard sale of great bargains. One of the first things I discovered was that I was always bidding against the same people. There was about 10 of us in North America buying all the undervalued sterling out there.

Those days have ended but they taught me a couple things:

The first one was that silver could be purchased for less then the value it was worth. PURE INSANITY!!!! I would buy something from someone who had to take photos, spend the time to list the item, pay auction fees and then pay paypal fees for the payment I made. I would receive item take it to one of two guys who gave 90% for melt value and would walk away with a very nice profit. The funny part is the original seller could have went to the melter and made a whole bunch more money for a whole lot less work. In reality I would hand someone a $5 bill they would hand me back a $20 and we would both be happy with the purchase???? I have bought silver on ebay for $0.50 an ounce.

What this has taught me is that society has devalued silver so much that it can be purchased for less then the material it is made from. Try and think of any antique item that can be purchased for less then the value of the material it was made from. I received items that were 150 years old, beautifully handcrafted and what I paid wouldn’t even cover the value of the content. The best part is I have kept the items I like the most and sold the others off to buy mining stock. So now I have sterling cutlery, cups, pitchers, bowls etc. that I use on a daily basis and a lot of my friends have purchased the same from me and everyone comes to me later and says how much they like to eat with sterling cutlery. And with that cutlery having doubled in value over a year, it is truly putting your money where your mouth is.

So in buying bullion, shop around for the best price. Soon there might be an ETF, and also The Central Fund of Canada on the TSX holds 50% silver 50% gold bullion and the price seems to track silver closer then gold.

But I believe the biggest money can be made from the miners.
Buy silver in whatever form you can find.
Silver is real money.
The U.S. constitution states all money must be backed by gold or silver. That rule held true for many a year until recently they decided to back their currency with nothing but the paper it was printed on.
One day that paper might be worth the paper it was printed on and my silver fork might be worth the silver it was made from.
I’ll take the fork any day.