Is Buying Silver Right For me?
Learning to invest in any kind of commodity can be a challenging experience. However, unlike stocks, precious metals are a little bit easier since it’s not unlikely you’ll be taking delivery of your assets. Rather than trading bits and bytes on some group of computers a world away, you’ll have complete control of the things you buy. Furthermore, if those computers ever go by the wayside, or those bits and bytes start drastically losing value, you’ll have a commodity that’s valuable unto itself.
One of the great things about investing in silver is that it comes in so many different form factors. Whether you’re looking to give someone an American Silver Eagle as a gift or perhaps looking to buy a tube of silver eagles for yourself, you’ll want to read our guide on how to buy silver coins.
Government minted coins are a great way to invest in Silver, but there are many other ways you can buy silver bullion outside of the world governments. Companies like APMEX and Scottsdale Silver will sell you silver rounds that are .999 fine. These look just like coins, but aren’t “Legal tender”. Buying products like this is all about trusting the seller to deliver a product that meets all your specifications. You’ll definitely want to checkout our reviews of precious metal retailers.
If you have a very large budget to invest, you’ll probably not want to have lots and lots of coins everywhere. They’re difficult to transport in such large quantities, and more difficult to sell in large quantities. For the investor the large budget, you’ll want to consider silver bars. Silver bars are great because they reduce the premium you pay for producing coins, and are easy to store and transport. It’s easy to have high volumes of silver in your home with silver bars. When it’s time to sell, you’ll be able to move all your product in one transaction rather than negotiating piece meal with coins.
If you’re buying silver for retirement, you’ll want to read our guide on how you can avoid inflationary concerns and diversify your portfolio while being cognizant of tax concerns. It’s a lengthy guide that will educate you not just how to add silver to your retirement portfolio, but why you’d want to do so.
While we don’t have a very large selection yet, we’re a great place to buy silver online because we don’t charge exorbitant shipping rates or mandate outrageous minimum order sizes. As we grow our inventory of silver bars, silver coins like the American Silver Eagle and silver rounds from various retailers, we aim to be your number one place to buy all your favorite silver products online.
Should I buy gold, silver, platinum or palladium?
While we obviously like Silver, the reason people invest in Silver is to use physical assets to diversify their existing, mostly paper, portfolios. We like Silver because it has historically mirrored the performance of Gold closely, but at a price several orders of magnitude lower. This makes the initial investment smaller, and gives more people access to this commodity. However, past performance is no indication of future results, and if the data indicates that Platinum or Palladium is a good investment, we’re on board with that too.
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