With all the silver posts lately, some people have been asking me where the cheapest place to buy physical silver is at.  Without a doubt, the cheapest silver bullion (and coins) I have found are at www.bulliondirect.com.  I don't make anything for plugging this site, and there are no affiliate links, I'm simply regurgitating my own experiences in the hope it'll benefit others.

I've noticed several searches hitting this site wondering if BullionDirect is a scam.  While this is a valid question and one you should certainly investigate before making any investment (no matter how small), I can personally vouch for BullionDirect - at least for the limited experience I've had with them.

I've found them to be helpful, responsive, and exactly what they claim to be.  An order placed by myself on their "nucleo" market (an open market that matches precious metal buyers and sellers) was filled and delivered to my online account quickly and efficiently.  I later took physical delivery on some of this purchase and was quite pleased with the order, packaging, and shipping times.  I got exactly what I paid for and have talked to others (including family members) who've experienced similar results.  A quick note here - if you take physical delivery of precious metals from this site, you'll have to pay a "handling" fee of about $6 and another $10 for shipping and handling (insured).  I'm rounding up by a nickel on each fee but take these numbers into account since it obviously wouldn't be financially beneficial to take delivery on a small order.  On the other hand, you can take delivery to your online account for nothing, there are no storage costs, and you can sell your account holdings at any time.

So from these experiences, I would have to say that no, BullionDirect is not a scam - it is a very convenient and economical way to invest in physical precious metals.  At the same time I would issue a warning about ordering precious metals directly from their catalog.  I haven't tried this method but have seen that their catalog prices are usually slightly higher than their "nucleo" market and most of their catalog products are delayed (for physical delivery) for several weeks or more.

Just thought I would share my experiences with this site and confirm it is definitely the cheapest place to currently buy physical silver (and gold... and platinum).  I would love to hear from others who have had positive or negative experiences with this company.

Good Investing!