Its a new Year, so its time for a new mission! After talking with a few friends last night, it became very clear that real money is still about 98% invisible to the average person. Now if you are lucky to be in the 2 % then reading anymore of this post is probably a waste of your time. Back to the topic and mission, it seems that people still have a false sense of understanding what Money Is. Their are on two types, Gold and Silver. Everything else is just a currency that has no real value or backing. So now on to the mission, it is my Mission in 2019 to convert as many people as I can back to real money. (Gold & Silver)
So this will be a 4 part series in stacking. (Buying silver and gold)
Spot price with a clear understanding of what it means.
spot price, this is the defined as the Current price of Silver. Basically silver prices are continuously moving up or down. Their is a closed period in the markets. It is every day from 5pm CST to 6 pm CST Monday- Friday. The market closes at 5pm on friday and does not open back up untill 6pm CST on Sunday. To sum it up, spot is what your silver or gold is worth.
Some people will also refer to spot price as Melt Value. These 2 terms are the same, but to clear it up for you with out getting into part 2. Basically if you took a 1 oz American silver eagle and A 1 oz Maple leaf, the spot and melt value would be the same regardless of what you paid for it.
So stay tuned for part 2 of this series, by the end you will know all you need to know to make your first silver purchase smartly and start your new journey.
For more information on investing in Silver or Gold stop by and give us a visit at #steemsilvergold
@raybrockman