I recently made a journey back to my childhood family home and my mom brought out an US Franklin silver half-dollar that I had been keeping since I was a young child. Even young kids such as myself could notice the difference of 90% silver coins compared with the worthless copper and nickel coins which are in circulation these days. Nevertheless, I was not sensible enough to accumulate more of these. I realized quickly that I was not too late to buy silver bullion even though it had doubled in value over the past year. I had taken the leap and began buying Silver American Eagle coins mainly because they are liquid and sought after all over the planet. I already knew that the United States was off the gold and silver standard. What I did not really know is that the US dollar is backed only by the good faith of our government. I quit believing in Santa Claus decades ago, yet I possess more faith in Santa Claus than I do our Big Brother in Washington. Do you understand?
With price tags like this in precious metals, it practically appears like an after Christmas sale. Will silver continue to vary in price? Certainly. Nobody can predict the future. To avoid paying off the insurmountable debt commitments, many nations around the world still print or add electronic currency. This makes each and every dollar or equivalent currency less valuable. If you need me to put this in very frank words, your own money is simply being stolen right in front of you. Precious metals lock in the existing value of your cash.
3 Things Your Banker Will Not Tell You About Purchasing Silver
The marketplace demand for silver has been exceeding the production of silver for over 25 years. This implies that silver is becoming more rare. Because of the high demand for silver, investment grade gold is more abundant. To put this into perspective, there is roughly enough silver available for for every human being on this planet to own only 1/14 of an ounce.
When you look at the current price ratio of gold to silver, it is close to 50:1. Historically, it has been around 15:1. This is equivalent to 50 ounces of silver to purchase 1 ounce of gold. If silver goes back to the historical gold silver ratio, then it should be selling at approximately $100 an ounce.
Silver is a valuable industrial metal that is used in the manufacturing of computer chips and electronics. As you read this article, keep in mind that silver was used somewhere in the process of your computer or smart phone. In electronics manufacturing, silver is more electrically conductive, thermally resistant, and reflective than any other metal on the Earth. An acceptable substitute is not known.
Where To Purchase Silver Bullion Coins
One of the most useful places to start buying silver coins is at your local coin dealer. The local coin dealers that I have done business with are specialists and enjoyable to deal with. You can feel the passion that they have for numismatics and precious metals when you start to talk about coins with them. Most coins sellers work on small profit margins. The first batch of coins that I bought from a local coin dealer were Silver American Eagles that were selling for the same price as junk silver.
If you reside in an area without a local coin or jewelry store, then the process is as elementary as going online. My favorite place to get information and facts online for buying silver and gold coins is GoldSiver.com. This site is live and will give you all the information that you need for buying precious metals. I have read through most of the papers and documents that include historical information about precious metals and the world monetary system. People living in abroad in nations like the Philippines or the European Union can take advantage of purchasing the silver and having it delivered or stored in dedicated storage.
The reasons for buying silver bullion as an investment has not changed. In other words, as the financial system of the world is collapsing, gold and silver are the true safe havens for your money.
Related articles:
没有评论:
发表评论