Jul
9
Silver is the common mans wealth opportunity
It used to be the case that silver was just a semi-previous metal much like gold but less valuable and so was nice to buy as a piece of jewellery but not really an investment option. The stock market has always included silver as a safe haven for value when the currencies get weak, but in those times gold was always the primary choice.Things are different now - Silver does not just track gold like it used to. It's in a league of its very own and even if you don't normally think of yourself as an investor - you should now start paying attention to silver. It might just be the thing that makes you rich.
Robert Kiyosaki - Why Silver Is Good
Silver and gold are going to rise in value as the dollar becomes less valuable. Investing in silver and gold and using these precious metals as an inflation busting savings and investment strategy makes more sense now than ever.
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Why a weak dollar helps silver
You've probably seen many companies offering to 'buy your old gold' and wondered why this craze seems to be everywhere right now.You may even have wondered why they want your gold now more than ever.
Perhaps you've looked into investing in silver and wondered why these companies want gold instead of silver.
The simple fact of the matter is - because of margins. If you take them a handful of silver they may make $100 profit after melting it down. A handful of gold could be worth many thousands of dollars.
So, while gold and silver are both great investments, and in reality silver is likely to be much more lucrative over time, it's much easier for them to make money quickly when dealing in volumes of gold.
This has advantages and disadvantages. If you wanted to sell a handful of gold, you'll have to find the right people just because of the amount it's worth (you're friends are less likely to have a few grand laying around to buy it from you), whereas a handful of silver would be worth a couple of hundred dollars and therefore much easier for someone to have the funds to purchase from you.
So, with these factors considered - silver is a great investment now and looking good for the future.
The worse the dollar does - the better silver will do.
How the economy affects silver prices
If you've seen people talking about why silver is now a better investment than ever before and wondered what they mean, you'll hear references to many things that make this prophecy an ever increasing reality.In this post we're going to briefly consider the economy and how that affects silver.
You're probably aware that there are no new silver mines opening and that the silver mines there are have been largely depleted. This underlays the whole situation and means that because silver gets used in many processes and is not being discovered fast enough to replace it.
So, on to the economy - in particular the value of the dollar.
You may think that there's not much difference between putting $1000 of cash in the bank for 30 years and holding on to $1000 of silver for 30 years - but due to inflation and socio-economic fluctuations, you'll find that even if inflation and percentage of interest on your money might seem like it would increase in value over those years, but in reality what's more likely is that even if the interest on your money meant the amount increased, what you could buy with it in 30 years wouldn't really have changed (because prices go up constantly too).
With your silver - the demand outstrips supply and your silver would become increasingly more valuable over those years and end up giving you many times more real value in what the silver is worth.
The current climate sees the US dollar becoming increasingly less valuable. With rumours that global forces are intentially trying to tank the dollar in favour of using other currencies as the standard for quoting prices, the outlook for the dollar is not good.
Historically when this situation occurs people (the money) turns to precious metals and gem stones.
Silver, currently at around $20 an ounce has previously been to over $60 an ounce when the dollar was weak.
The future looks to see this situation on even bigger scales.
Invest In Silver Blog
This blog shares information on why investing in silver makes sense now more than ever.
- Invest In Silver Blog
- Silver and gold are going to rise in value as the dollar becomes less valuable. Investing in silver and gold and using these precious metals as an inflation busting savings and investment strategy makes more sense now than ever.
What is silver spot price - explained
Investing in silver can initially be a confusing activity and working out what is a good price for a silver coin, bar or ingot might seem difficult. If you research investing in silver or just buying and selling silver you'll quickly start to see the term 'spot' when talking about the price of silver.
The most common reference to spot is when people are quoting the price as 'spot plus x'.
Spot price for silver refers to the current stock market trading price of silver as a precious metal. The price at which you can buy silver from your countries silver mint will be spot plus a few dollars. The actual amount varies as spot changes constantly and the markup that your mint or supplier adds can vary too.
So when you're looking around online at silver auctions or sales the easiest way to judge whether something is a deal or not is to first know the current spot value and also how much (including postage) you could buy the same amount of silver straight from the mint.
Keep that in mind and you should easily be able to spot a bargain for any amount of silver.
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