It's posts like this that make me really consider taking something of the little bit I have (I'm young and saving yet) and dumping a good chunk into precious metals. But I have now idea how? Where can I buy silver and gold for cash? What are things to watch out for? Etc...
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There are plenty of online precious metal stores, APMEX is the largest in USA, Kitco in Canada (they both accept bitcoin too). It depends on your country though. Avoid pawn shops because they'll try to rip you off with premiums, i.e. prices well above the spot price. Also, I recommend you check if the store (online or not) is an authorized and trusted dealer.
Alright sounds like good info to start on. Who "authorizes and trusts" said dealers?
The mints have lists of authorized dealers. For example https://www.mint.ca/store/mint/customer-service/bullion-dna-dealer-locator-10900014
It's also a nice place to find a lot of dealers to choose from.
APMEX is listed under US dealers
Kitco -> Canada, US and Asia
Canadian PMX -> Canada
etc...
Also, know that the mints do not sell directly to individuals, but to their authorized dealers, who in turn sell the bullion to individuals. Take your time to shop around, prices vary greatly. For instance, Canadian coins will be cheaper from Canadian dealers, while they're more expensive at American dealers, and vice versa.
What would your recommendations be on rare coins dealers (there is one near me). Are they a good place to start?
I'm not into numismatic coins, only bullion.
Thank you!