Monument Metals and Building Wealth
Precious metals investing through online dealers has gotten complicated with all the premium comparisons, storage options, and market timing debates flying around. As someone who has purchased from multiple bullion dealers over the years, I learned everything there is to know about building wealth through gold and silver. Today, I will share it all with you.
Why Precious Metals
Probably should have led with this section, honestly—gold and silver have preserved purchasing power for millennia while currencies come and go. They serve as portfolio diversification and inflation hedges.
Dealer Selection
That’s what makes choosing reputable dealers endearing to us precious metals buyers—trust matters:
- Compare premiums over spot price
- Check customer reviews and BBB ratings
- Verify secure shipping and insurance policies
- Look for transparent pricing with no hidden fees
What to Buy
- Government coins: American Eagles, Canadian Maples—higher premiums but more liquid
- Generic rounds/bars: Lower premiums, same metal content
- Junk silver: Pre-1965 U.S. coins at low premiums
Storage Considerations
Home safes, bank safe deposit boxes, and professional vault services each have pros and cons. Consider insurance, accessibility, and counterparty risk when deciding.
Tax Implications
Precious metals are classified as collectibles for tax purposes. Keep purchase records for accurate cost basis calculations when selling.
