One of the most common myths in today’s investing world is that precious metals are either out of reach for the average investor or simply not a sound investment. In fact, nothing could be farther from the truth. Investing in gold and silver coins has been a sound financial option for years even though it may not have been the in vogue choice of financial advisors.
REAL ESTATE DOWN, SILVER UP
It may help to remember that a few short years ago, the in thing for new investors was to buy, renovate, and “flip” real estate. Millions of dollars were being made in this lucrative investment strategy. Then the real estate market took a swift nose dive, leaving thousands of investors holding mortgages on several depreciating properties at once. I was almost one of those people, but I have to say that I was thankful I had made the choice to invest in precious metals rather than real estate. Guess it’s a good thing I’m terrible with do-it-yourself projects.
The value of precious metals cannot be denied; the cost of gold is definitely higher than it has been in years and while the same can be said for silver, it is a wiser investment choice in my opinion because of supply and demand. Silver is used in components of nearly every television, computer, and cell phone in the world and the supply is not unlimited.
All of the silver currently discovered in the world could fit into a fifty-five meter cube.
According to a 2004 report by the U.S. Geological Survey, 1.26 million metric tons of silver had been mined with half of the world’s silver production at that time having been mined in the last 62 years. Production is up because use is up. When the supply of precious metals begins to run low, the cost will increase exponentially and that will be a very happy time for silver investors.
LEARN MORE ABOUT THE POSSIBILITIES
Why not take a few minutes to learn more about the value of silver in a time when financial experts say that another trend toward inflation is just around the corner? My e-book, A Guide to Silver Coin Investing, is absolutely free to download. It will give you a brief overview of the history of silver and why it is such a lucrative investment in these uncertain economic times.
The e-book is free and the education it provides is priceless. What do you have to lose?
Source by Jeffrey Lewis
Precious Metals and Inflation - Why You Need Silver Now
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