When the stock market was rising, many people didn’t look too deeply into their portfolios. If they were making money, it was all good, right? Wrong: when the market plunged, many were left wondering what was going on with their portfolios.
This served as an important lesson for many people. Instead of putting their trust – and money – into someone else’s hands, they wanted to control their finances and build the most secure future they could. Is this possible in today’s volatile economy?
It is if you invest in tangible, solid assets like precious metals. Gold is far too expensive for the average investor, but silver remains accessible. For now.
Why Silver?
What if you could have bought inexpensive shares of a company that is now a multibillion dollar corporation? Would you be kicking yourself for passing on the opportunity to invest? It is very similar with silver: while it remains affordable, all indications point to soaring prices in the near future.
The reasons why silver prices are going to rise have to do directly with supply and demand. The supply is limited. In fact, if all the silver on earth was refined, it would make a cube no larger than 55 meters across.
With this limited supply, we create components for electronics, including cell phones, computers, and TVs. Jewelry makers and craftsmen use the precious metal in their works. The decreasing supply will not be able to meet the increasing demand.
Silver has been increasing in value steadily for the last twenty years, making it one of the best long-term investments possible. For new investors, prices are still relatively inexpensive and will allow people to profit from the coming rise in price.
Investing in Silver Coins
How you begin your silver investment depends on how much capital you have to work with. If you have more funds, it is worth the effort to look for rare dated coins. These can be expensive, but they provide higher premiums for investors.
If you have less start-up cash, you can look for more common coins with higher silver contents, such as quarters and dimes. This is a great place to start.
Silver bullion is a worthwhile investment at anytime because it is traded according to current silver prices. A piece of silver, whether a bar or a coin, can net you generous premiums. But don’t let your enthusiasm lead you down the wrong path.
There are disreputable companies that claim to have “exclusive” silver pieces. After you’ve spent your money purchasing them, you’ll find they actually contain very little silver, if any. Always make sure you know what you are buying.
How do you do this? Read A Guide to Silver Coin Investing, a free online booklet that will teach you what you need to know about the silver market. Despite a few dishonest companies, the silver market is one that will offer safe, secure assets for investors.
Source by Jeffrey Lewis
Silver Coin Investing - Secure Assets For a Secure Future
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