Bitcoin Forum

Is silver a good idea to buy now?

I would say: no.

The problem with gold and silver is, they carry no utility other than past history. They can't be exchanges for goods or services. There's no infrastructure in place where precious metals can enable a form of electronic payment. They can be difficult to store and are likely easier to steal than say bitcoin for example. They're can also be difficult to physically transport from one place to another.

In addition to the above, there isn't anyone who actually uses precious metals for anything. It has no purpose. Banks and governments hoard precious metals. Other than that, they can't be used for anything. This reduces their value below where it would be if a gold standard or regulatory system were in place to allow precious metals to compete with fiat and other currencies on an even playing field.

There's a school of thought which says: "gold and silver have intrinsic value, they would still be worth something if a war or zombie apocalypse broke out". Looking at puerto rico which was recently hit with that unfortunate hurricane, I doubt anyone will be exchanging gold or silver there anytime soon. There's no infrastructure in place to support a precious metals exchange market and there probably never will be due to special interests not wanting precious metals to compete directly with fiat currency or electronic money.

Precious metals will never be worth anything simply because there's nothing they can be used for and no infrastructure in place to support exchange. They have no utility and the powers that be want it that way.

If you're looking for physical silver, look for:
1. Online dealers like GoldSilver.com
2.  Auction sites like eBay
3. Coin or bullion shops near you.

You may see this link for other options in buying silver bars/coins.
https://goldsilver.com/blog/how-to-buy-silver-bars-3/

You can easily purchase silver, because there are many business distributors of silver today, but why you choose to buy silver instead on buying crypto coin? But it is your own choice to buy silver, although silver also can be use as an assets and can be stocks also on a long period time. But, if we compare the future profit of silver, it is totally lesser compare to any cryptocurrency. So, if I were you, I will better to buy crypto coin rather than silver, because in crypto, you can earn multiple profit in the future.

There are silvers in pawnshops, try to ask them. It is also good to buy at jewelries, you can find silver to it. I don't what will you do in a silver but I think there is internet that will guide you in what are your needs because I can lead you in our nearest silver pawnshop but I think I am too far from you.

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This is where you are wrong. Both gold and silver are used in manufacturing. Gold is an excellent conductor, but it is also inert in that it doesn't react with water or other chemicals. That makes it incredibly useful. Pretty much every PC and laptop you use will have gold in the chips (which makes old computers valuable - always remove the gold before discarding)

Good point. That affects gold, silver and assorted precious metals as they're traded on metals exchanges.

It doesn't much factor into the price of gold as its traded on commodities markets.

The demand for metals like gold or silver in electronics markets looks like a flat line, as far as I know. There isn't likely to be a noticeable growing demand for gold in electronics. The cost of precious metals makes them cost prohibitive and its far more likely that they're the first thing electronics manufacturers will seek to replace or reduce in quantity.

The best argument for gold and precious metals could be the protection they offer from fiat overprinting, inflation and potentially: hyperinflation.

Precious metals would be worth a lot more if they could be utilized to buy/sell and make electronic exchanges the way modern currencies are able to.

It depends upon where you live, as for my country you could find silver on every other shop and it's something that's super common.
I would suggest you to buy gold if you wanna buy something that's never going down ..
Silver does show very less growth where as you can always count on gold if you are gonna do deeper.
But make sure to buy pure gold biscuits and the safest place is Amazon !
Never go for eBay and go for something that's certified and checked.
And it's a good idea go for it.

Where do you live???

 ???

edit: Food for thought(note the underlined portion).

OP is asking about purchasing Silver in a Bitcoin forum....?  If you purchase Silver, you are going onto a centralized system where large banks 'manage' the price. The price can be 'managed' to a certain extent as they have the capital to do so. The LBMA sets the spot price daily IIRC...

As the currencies of the world continue to be debased (and declining), the precious metals (Gold, Silver, Platinum, Palladium) should appreciate in value.

But investing on a decentralized system should be more appealing as there is not one group colluding to control the price. (at least not yet, although there are plenty of hedge funds and banks playing in this sector)

If you still want to purchase physical Silver, just go to your local coin shop. If your in the U.S. they may have American Silver Eagles. Many countries produce their own 1 ounce coins, like the Canadian Maple Leaf, Chinese Panda. There are generic one ounce bars that you can also get from mints which have a much lower premium over the spot price. 

Most likely you will find silver in ingots and investment metal coins in banks located next to you. Be careful not to scratch the ingots and coins. If the sites, then only large, with good reviews and from their country so that there was no problem with the customs.