I am a strong advocate of everyone owning physical silver. I recommend 90% US mint silver coins, and I have recommended buying some every month so that the silver investor's average your purchase price is the average price of silver for the year. I am confident that the average purchase price this year will be lower than the average price of silver three to five years from now. I am not confident at all that the average price of silver will be higher next year than it is this year. I think silver investing is in for a very rough time in the short to mid-term. And until that time is past, there is a better way to protect against inflation until it is time to once again accumulate silver for the long-term.
Just like gold, the price of silver keeps going up. However, unlike gold, the price of silver isn't so high that it prices lots of people right out of the market. Silver Eagles actually offer the best of both worlds. They are reasonably affordable, but they will still fetch you a good amount of money if you need to sell them. And, as an added benefit, Silver Eagles are fully-backed by the U.S. government - which makes them even more valuable!
Certainly, there are advantages to buying both. Let's take a look, first, at the reasons why someone might choose to invest in name-brand buysilverbars.co.
When you're deciding how to invest in precious metals, it can be easy to focus solely on gold and silver. However, there are other valuable precious metals out there that you should be investing in. For example, there are platinum coins out there that are very rare.
During global turmoil, central bankers devalue their currency and the best way to escape this is to stick with gold and silver. Silver is a precious metal and an industrial metal, and both sectors are dynamic and volatile in nature. Investing in gold for financial survival has become a necessity as the entire world now is on a fiat monetary system. Making matters worse, the United States is in the midst of a spectacle of deficit spending like the world has never seen. Although investing in gold is not yet mainstream, investing in gold has become the safe haven for many investors who fear that the creation of fiat dollars will not stop until the dollar is worthless. In 1913 the American dollar was worth a dollar and in 2012 the value of a dollar has decreased by 97 percent.
Become part of or start a silver investing club. Most silver brokers buy from wholesale sources. Leverage the power of group buying to negotiate purchase rates that are fair and favorable to your silver investment club. Silver brokers work on commission. Do not overlook the power of negotiating. Make sure you have a plan a and an plan b. If your club plans to purchase more than 00 in a single transaction ask for a discount. If your club purchases 00 or more in a single transaction ask for a larger discount. Another advantage of a group membership is that you can be more productive with 100 people giving one percent of effort than 1 person giving 100 percent of their effort. Their is strength in numbers.
Many of the current investors are looking to silver bullion as an inflation hedge, but that is really only part of the story. Not only is silver undervalued versus gold, but silver is a hedge with an industrial kicker. Silver is used in thousands of industrial processes and is in high demand. More than half of the silver being produced today gets used up buy industry. We've all seen the uses for silver continually grow in this electronics age. Thirty years ago we had a twenty year supply of silver above ground for industry. Today that supply has dwindled to less than a year's supply.
There are also indexes that reports and records or silver and gold price movements. investing in silver is a bright idea, as the silver index looks promising. In the month of May, 2007 silver has hit a high of .17 per ounce and since it is under it is still at the reach of an ordinary investor.
Here is something that gave a big boost to the precious metal industry. In 2003 they created ETFs (electronically traded funds) that just hold commodities, but you can buy shares in them just like with a stock. So you can buy shares in a silver ETF online at the current market price and sell them online at the current market price and they reflect the current price of that precious metal.
It's never too late to jump in or even step in cautiously and invest as much or as little as you are comfortable with. Obviously the more one invests into a winner, the more they win in the end. Protect your future. Protect your child's future.
Just like gold, the price of silver keeps going up. However, unlike gold, the price of silver isn't so high that it prices lots of people right out of the market. Silver Eagles actually offer the best of both worlds. They are reasonably affordable, but they will still fetch you a good amount of money if you need to sell them. And, as an added benefit, Silver Eagles are fully-backed by the U.S. government - which makes them even more valuable!
Certainly, there are advantages to buying both. Let's take a look, first, at the reasons why someone might choose to invest in name-brand buysilverbars.co.
When you're deciding how to invest in precious metals, it can be easy to focus solely on gold and silver. However, there are other valuable precious metals out there that you should be investing in. For example, there are platinum coins out there that are very rare.
During global turmoil, central bankers devalue their currency and the best way to escape this is to stick with gold and silver. Silver is a precious metal and an industrial metal, and both sectors are dynamic and volatile in nature. Investing in gold for financial survival has become a necessity as the entire world now is on a fiat monetary system. Making matters worse, the United States is in the midst of a spectacle of deficit spending like the world has never seen. Although investing in gold is not yet mainstream, investing in gold has become the safe haven for many investors who fear that the creation of fiat dollars will not stop until the dollar is worthless. In 1913 the American dollar was worth a dollar and in 2012 the value of a dollar has decreased by 97 percent.
Become part of or start a silver investing club. Most silver brokers buy from wholesale sources. Leverage the power of group buying to negotiate purchase rates that are fair and favorable to your silver investment club. Silver brokers work on commission. Do not overlook the power of negotiating. Make sure you have a plan a and an plan b. If your club plans to purchase more than 00 in a single transaction ask for a discount. If your club purchases 00 or more in a single transaction ask for a larger discount. Another advantage of a group membership is that you can be more productive with 100 people giving one percent of effort than 1 person giving 100 percent of their effort. Their is strength in numbers.
Many of the current investors are looking to silver bullion as an inflation hedge, but that is really only part of the story. Not only is silver undervalued versus gold, but silver is a hedge with an industrial kicker. Silver is used in thousands of industrial processes and is in high demand. More than half of the silver being produced today gets used up buy industry. We've all seen the uses for silver continually grow in this electronics age. Thirty years ago we had a twenty year supply of silver above ground for industry. Today that supply has dwindled to less than a year's supply.
There are also indexes that reports and records or silver and gold price movements. investing in silver is a bright idea, as the silver index looks promising. In the month of May, 2007 silver has hit a high of .17 per ounce and since it is under it is still at the reach of an ordinary investor.
Here is something that gave a big boost to the precious metal industry. In 2003 they created ETFs (electronically traded funds) that just hold commodities, but you can buy shares in them just like with a stock. So you can buy shares in a silver ETF online at the current market price and sell them online at the current market price and they reflect the current price of that precious metal.
It's never too late to jump in or even step in cautiously and invest as much or as little as you are comfortable with. Obviously the more one invests into a winner, the more they win in the end. Protect your future. Protect your child's future.
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