The Purchase of Silver: A Readers View
Thursday, August 20, 2009 at 05:53PM
Silver Prices in Silver
silver fern coins.JPG

In this mornings mail bag we have an email from a reader in BC, Canada, the wettest place I have ever been to, but we wont hold that against him, who relates his own experiences regarding the purchase of silver. We would also like to take this opportunity to thank all those who take the time to add their comments as it is readers comments that makes hosting this web site worthwhile, without your input we would be operating in a vacuum.

Dear Bob,
Fistly I just want to state how enjoyable it has been following your newsletter over the past several months.  I have been interested in and have been investing in silver via several different methods over the years since 1972 and I have to admit that I am indeed a Silver Bull. 
I also follow David Morgan and other people who specialize in this area.  In the past 1 1/2 years I have purchased silver coins through Ebay but have found the premiums to be quite high. 
I have purchased through Kitco and find this to be an excellent site and the people tremendous to deal with. 
I have also recently purchased silver rounds direct from First Majestic Silver in Vancouver and have found the service to be excellent and the delivery very fast. 
I have more recently purchased silver rounds direct from the Northwest Territorial Mint in Auburn, Wa. and actually have found this to be the most economical way to purchase silver bullion as the premiums are very low.  For example, on July 8 when spot silver was $12.87, I paid a total of $14.22 US which included the shipping to Canada for 100 oz.   The service was excellent and very professional and communications were second to none.

Also worth noting on behalf of Canadian investors wanting to purchase .999 Silver coins, bars, etc. from the NWT Mint is that there is no duty or taxes payable which makes it even more attractive for us up here.

Just recently I discovered another excellent way (I feel) to invest in silver bullion without having to take delivery.  A new fund was launched by the same people who run Central Fund of Canada   (CEF) which has been around forever.  Their new fund invests in Silver Bullion and started  (July 29th) on the TSX (Toronto Stock Exchange) under the symbol SBT.UN.  There are also warrants of this fund trading as well under the symbol SBT.WT.  Check out their website at for details.
I would very much like to get your feedback on this new silver trust and thought that this may be good information to pass onto those people who as I are interested in different ways to get into the silver market.

If you have a comment for Ron, then please feel free to add it to the article via the comments box.

Have a sparkling day.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter, just click here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the nuclear power sector that is currently coming back into fashion, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.


Once during my college years I was sitting in the examination room with the examination paper placed face down on the desk when the clock struck nine am and we were off. It was a very tense moment until the student behind me said very quietly

psst, which we ignored
psssssssst, which we ignored again
pssssssssssssst, can you help me please – how many 'oos' are there in vacuum?

You know what its like when you cant laugh, the tears just rolled down my cheeks!
Article originally appeared on Silver Prices (
See website for complete article licensing information.