Better Prices Than Gold Is Why Invest In Silver Coins

Investing for growth is why invest in silver. The price is lower than gold and generally follows the price upward. The lower price allows the average investor to get in to the precious metals market. An ounce of gold sells for over fifteen hundred dollars US while silver is under fifty. A decade ago the price was between five and ten US dollars. The metal can be purchased through the mail, on line, or at local coin shops. Investing can also be done on the open market through a broker or solo. Mining company stocks are another possibility. Silver are projected to continue to increase in value. They are a way to gain security in uncertain times. They can be a part of retirement accounts as well. Investing

In 2000 an ounce of silver could be had for under ten dollars. Now it is around fifty. It is not generally a short term investment. Acquiring and holding is the recommended strategy. Storing small quantities of coins or silver bars is relatively easy. A home safe or hidden location can do the trick.

Coins can be acquired from a coin shop. Retail stores are usually a bit pricier due to overhead. A relationship with a local expert may be worth the extra cost. This also has the advantage of immediate possession.

Other ways to acquire Platinum are through mail order dealers or on the internet. All the dealers sell US dollar coins. Some sell Canadian and United Kingdom items as well. Coins come in different purity levels. The silver percentage can vary from eighty to as much as 99.9%. This has a big impact on value. Condition also plays a big part in the value of the coins.

Larger amounts of valuable metal are also available. Acquiring through a broker or or directly through an investment account are the options. Investment fund tracking the price can also be bought. These can be used for short term speculating or longer term investing.

It is also possible to invest n mining companies. Individual stocks or mutual funds are available. These vary in price just like metals. They can be more volatile, though, due to news of discoveries or mining failures.

The sources are as varied as the reasons why invest in silver. Whatever the source, these investments are great security. They are also good for future happiness.

Download your Free eBook Buying Silver and Gold Wholesale Learn more about Preservations of Wealth and CEO Bill Constain.

Source: http://www.ianslive.com/better-prices-than-gold-is-why-invest-in-silver-coins/

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