For those who want to invest their money for a great return, silver bullion bars are the way to go. Investing in silver has become one of the most popular ways for the smart investor to make money. Silver bars have emerged as a convenient way to increase one’s wealth. Their size makes them convenient and provides easy handling. They are also easy to store, especially where storage space is limited.
If you choose not to purchase your own silver bars you might check with your IRA to see if they invest in silver. Many IRA investors opt to invest in 1,000 ounce bars because of the high value the bars have. If the company is not large enough to invest in the 1,000 ounce bars they can always opt for the 100 ounce bars, even if they are not as valuable. Congress made silver investment for IRAs possible in 1997 when they changed the laws regarding metal investment. Members of Congress recognized the value of silver much like the value of gold. Rarely does anybody lose money when they invest in precious metals.
Silver has historically produced a greater return than other precious metals. The price of silver has more than tripled over the last few years while the price of gold has only doubled. Silver is more desirable because there are many more uses for it than there are gold. Gold is typically used in the jewelry market but silver is used in many more areas. Industrial markets use a lot of silver and the demand has risen sharply. There is often a problem with supply and demand. Silver production has a difficult time keeping up with the demand because there are many new uses for silver being developed on a regular basis.
There was a time in the United States when gold was used to make coins but in 1933 President Roosevelt put a stop to gold coin circulation. During his term in office President Roosevelt called for all of the gold coins in circulation to be returned to the mint. Silver coins have been circulated in more countries than gold ever was and many of the coins produced today in the United States have a small amount of silver in them. Up until 1965 the United States Mint produced pure silver coins but today they mix the silver with other metals.
In 1999 many people became almost frantic to purchase bags of silver coins because they feared what would happen when the calendar turned to 2000. During this time the price of these coins rose sharply as people hoarded them in anticipation of some great disaster. After the 2000 scare was past the people were stuck with bags of silver coins that no longer held the value they did the year before. It was then they began melting down the silver coins into silver bullion bars. This was a way to recoup their money without paying out any additional money. Since then silver bullion bars have retained their value as the market finds more and more uses for silver.
Source by Kelly Hunter
Why is the Smart Money Investing in Silver Bullion Bars?
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