Precious metals have had a really fantastic few years, and there is no sign of their popularity slowing. Now is the time to buy silver! Adding precious metals like silver, platinum and gold to your portfolio is always a wise move. Silver is a good option for those just starting out in investing in metals, as it is more affordable than the other precious metals.
Silver was an original form of currency stretching all the way back to 700 B.C. Eventually, the silver standard was switched to the gold standard, and eventually to fiat currency. Due to economical problems across the globe, however, many are putting a portion of their paper money back into gold and silver. In fact, Utah became the first state in America to make gold and silver coins legal currency since before 1971. This may be a trend in future days however, and many are at least playing it safe by putting a portion of their assets in precious metals.
There are plenty of less “alarming” reasons to invest in precious metals. Silver, whether in coin or bar form is very liquid, meaning easy to sell when the time is right. Silver is a long lasting and very durable metal, making it a good long-term investment. Whatever your reason, there is plenty of variety when it comes to silver today.
If you are ready to buy silver, then you’ll need to decide if you want to invest in bars or coins. Both have their own advantages. Coins for example are easy to store, easy to transport, and easy to sell as you can break them up into smaller lots. Coins also have the possibility of increasing beyond bullion worth due to collectability and rarity over time. Bars of silver can be a good buy if you want to buy larger quantities of the precious metal. Bars often sell for much lower premiums than that of coins.
If you are going to buy silver coins then you have a lot of choices! Bullion silver coins include the American Eagle, the Mexican Libertad, the Chinese Panda, the Canadian Maple Leaf, the British Britannia, the Austrian Vienna Philharmonic, and Australian Kangaroo and more. There are also silver commemorative coins for collecting and investing in as well. Rounds are also another option, though they are privately minted and thus not backed by a government guarantee. Bars of silver are also a good choice and come in sizes as small as one ounce all the way up to the typical 400-ounce bars and beyond.
If you are ready to buy silver, then talk to a precious metals dealer today!