If you want to hedge against hard times, silver is one of the best investments you could make. While silver isn’t worth as much as gold, it is nevertheless a stable choice. It also makes a fine trade medium, as many people would need to trade in smaller quantities than gold would allow.
Silver has been an important and accepted medium of trade throughout history. Yet, it’s becoming even more important to our future. It is a highly conductive material and a key component in solar panel manufacturing. It is also key to the development of hydrogen fuel cells, batteries, and energy-efficient lighting.
Any investment that is important to the energy industry is a great investment to make in the 21st century. Here’s what you need to know to make the most of it.
Invest in Physical Silver
While there’s nothing wrong with investing in silver EFTs, stocks, or similar products, you must understand that none of those products allow you to own real, physical silver.
Physical silver is a hedge against economic collapse. Silver-based investment products are just like any other investment. You might add them to your portfolio to grow your wealth, but physical silver serves another purpose.
Make room in your plan for real, physical silver you can hold in your hand: bars, rounds, and coins. Find a secure place to store them where you’ll have easy access to them. If you do, you’ll be well prepared for any sort of turmoil.Â
Maximize Your ROI With Coins
Consider the Morgan Silver Dollar.
It will always be worth at least the melt value of the silver in the coin, which is 0.77 ounces of silver.
By today’s prices, that means a Morgan Silver Dollar will at least be worth $23.79 no matter what happens. The same would be true of a round or a bar. It’s always worth the melt value.
But people collect rare and interesting coins. Numismatics is big business, and some coins become worth far more than their melt value over time. For example, if you can find a Morgan Dollar from 1880 in MS 64 condition, it would be worth $1650, 71 times its melt value.
Of course, there’s no telling which coins will become valuable to collectors over time unless you are already seeking out proven coins. Nevertheless, investing in silver coins is a twofold investment.Â
Diversify Your Coin Collection
Buy and Hold
Silver values fluctuate slightly more than gold values, and they remain stable for longer. Nevertheless, the trend over time is upward. You don’t want to invest in silver if you plan to sell again in five or even ten years.
Remember, when you sell to a dealer, you’ll be selling as a wholesaler, whereas you bought at the retail level. This means they’re going to pay less than the spot price. You need time for the value of your silver to clear that hurdle.
Silver is best as an extremely long-term investment. It would be even better if you passed it on to generations. It will always be there in case you or your loved ones need it. It is not a fast-cash investment.Â
Order from US Precious Metals Today
When you order silver from US Precious Metals, you’ll be dealing with a licensed, reputable dealer known for keeping promises. We’ll deliver your order discretely and securely to your door.
We’re also available 24/7 to answer your questions. Do you have additional concerns about investing in silver? Contact us today!Â