The questions first-time precious metals buyers ask most often are "what should I buy?" and "how do I get started?" We have covered these questions many times over the years, but they are worth reconsidering from time to time.

Hundreds of new metals investors find Money Metals each month. We know many of them may not have seen our precious metals buying guides and the other resources in our education center.

The very first rule of precious metals investing is to avoid collectible coins and buy low-premium bullion (non-collectible) products instead. Well, to be precise, it is actually those many shady rare coin dealers one needs to avoid.

The dealers to avoid are usually the ones heavily marketing on TV and radio using celebrity spokesmen, looking for inexperienced buyers. They know what buttons to push. The ads talk a lot about real issues – concerns such as the massive federal debt and the potential for U.S. dollar depreciation to wipe out savings and wealth.

People call them, looking to do something smart and protect themselves by acquiring some physical gold and silver.

Then the fast-talking salespeople go to work. They try and switch people from making a simple investment in easy-to-understand bullion products, into buying dubious collectible and proof coins with a massive markup.

Each numismatic coin type, each year, and
each condition level has its own sub-market,
making it so that only serious collectors can
make knowledgeable decisions.

They talk about the huge potential for rare coins to appreciate in value and then sprinkle in some bogus advantages to make these items look like a better option than lower priced bullion.

Our Specialists have heard it all from clients who suffered the sales pitches of these shady operators: lies like rare coins can’t be confiscated; they are tax exempt; they have a record of outperforming bullion as an investment; bullion purchases must be reported to the government; etc.

All of these claims are nonsense, but thousands of newbie precious metals investors are getting pitches like these every day.

Too many of these poor souls end up paying 30% to 50% above what the coins are actually worth, and sometimes even more. When they start that far upside down in their investment, who knows when they will break even?

Buying highly liquid bullion coins, rounds, and bars close to melt value is the best way to go, period.

The second rule for making a good investment in gold and silver is just to get started.

Conventional investment advisors and stock brokers like to poke fun at metals as an investment. They aren’t serving their clients too well.

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