Tips on Silver Shopping, Buy with Confidence
August 14, 2010 by admin
Filed under Silver Bullion
Investing in silver bullion can be a really great investment. The value of silver has gone up the last several years due to many reasons, like the industrial demand for silver. It is a great way to secure your hard earned money when the economy is going down hill. Silver is always going to be worth something, no matter how much paper currency is worth. There are many ways to invest in silver, and the way that is best for you might not be the best way for someone else. If you are looking to invest a lot of money, then you will probably want to buy heavier silver than someone that doesn’t have as much money.
The important thing to realize is that you can always trade up from several small silver pieces to something heavier. If for whatever reason the government starts printing money and the dollar becomes worthless, using small silver coins is a good way to buy everyday things. It would not be feasible to bring a 100oz silver bar to the grocery store. If you have a lot of money to invest, you can put several thousand into 1oz silver bullion rounds, or 90% silver US coins. Then, when you feel like you have a large amount of small silver coins, if you still have a lot of money, start buying silver in heavier weight. You should have a wide variety of silver so that you can trade on many different levels.
Another important thing to consider is what kind of silver bullion you should buy. Decorative and collector silver coins can sometimes be bought at low prices and then sold at a much larger price than it is actually worth in silver. This is a good way to invest money when the economy is going well, but when the economy collapses and inflation rises, it won’t work. In times of economic hardship, the collector and decorative value of the coin is dropped and it is only as valuable as it’s silver content. For this reason, many people suggest that you only invest in silver rounds or pre-1965 US Silver Coins.
The nice thing about silver bullion rounds is that they have the weight stamped right on them. This is great for on the spot trading of silver for goods. Another thing that I like about silver bullion rounds is that they are basically worth their weight, no more or no less. You never have to worry about buying something that costs more than it should.
I hope this article helped give you an idea of how to invest in silver. The best way to invest is to start with small silver rounds or bags of silver and then work your way up to higher weights as long as you have enough small denominations.
Matt Seweryniak owns a site that has information about silver bullion.