Silver is one of the most popular metals to invest in. It has a wide variety of uses including currency coins, jewelry, kitchen utensils, and electronics to name just a few. But why should you invest in silver?
The value of silver bullion we know is not as high as other popular investment metals such as gold but silver helps to diversify an investment profile that contains regular stocks and bonds.
Silver provides investment security to your profile, one of the biggest attractions is that silver is not driven by fluctuations in the traditional stock market. It has a totally independent valuation meaning if one type of investment in your portfolio has a bad run the entire value of the portfolio doesn’t disappear and your money is kept safe.
Trends made over the past 20 years have shown a stable rise in the value of silver. The most recent valuation, done in 2012 showed the yearly cumulative average price of silver to be $31.15 USD per troy ounce.
The continuing growth of silver is largely down to its use in everyday household and electronic products so we see its demand constantly increasing. Compared to gold it’s relative availability is far greater meaning larger fluctuations. Sellers of silver are also at an advantage as there will always be interest from potential buyers for this metal.
The most popular way to buy silver is in the form of silver bullion. Traditionally these are divided into bars and coins and can be purchased for a large range of dealers and online retailers. Buyers should always be wary and do background checks making sure to purchase from reputable silver bullion dealers. A good indicator is that any coin dealers that are registered with the U.S. Mint as a seller of Silver Eagles are reputable.
Building a rapport with your dealer is also a good idea. They can guide you on silver bullion coins that have performed well and perhaps give advice of more rare coins that could give you a good turnover on profit.