There are a lot of scared people out there right now. People that don’t know what to do with their dwindling retirement funds. Should you be hoarding your cash? Or should you continue on with mutual funds and hope for the best? Or, should you buy commodities and if so, which ones?
I believe silver bullion coins are a very smart investment right now and here are a few reasons why:
1) If the dollar continues to decline in value, worst case scenario will make the dollar worthless. If that happens, you better NOT have all your assets tied to the dollar (stocks, cash, etc). With silver bullion coins about 1/60th the price of gold, they are much more affordable than their gold counterpart.
2) Us minted silver bullion coins, or silver eagles, have a recognized weight and value. Much easier to exchange than bars that would require more testing, etc.
3) Silver, unlike Gold, has a lot of industrial uses. From cell phone batteries to photography film, Silver has a wide use whereas gold’s main use is in jewelry which, in a tough economy, has decreased as an industry.
4) Historically when the dollar has suffered, gold and silver have done well.
Now there are two different ways to buy silver that I like. One is silver bullion coins and the other is silver numismatic coins. Numismatic coins don’t have the speculative and volatility of the simple precious metal but have historically done very well and are poised to continue to do so.
Source by Ray Higdon
Should You Be Buying Silver Bullion Coins?
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