Why Buy Silver?
Silver has been used as currency since 3000 BCE. It provided a monetary standard for international trade before the adoption of the gold standard. China was the last major economy to shift from silver to gold standard in 1935. Today, silver offers a safe and stable investment for investors to hedge against inflation and economic turmoil. If you’re looking for a good investment, buy silver coins, bars, or bullion.
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Key Takeaways
- The easiest way to invest in silver is to buy silver coins or silver bullion.
- Silver is real money and a tangible, portable, and liquid investment asset, all rolled into one.
- This precious metal has high intrinsic value and zero counterparty risk.
- You can invest in silver to hedge against inflation and economic calamity.
What Form of Silver is the Right Investment for You?
The best way to own silver is by investing in silver bullion, coins, and bars. When choosing the ideal silver investment, consider the cost and unique needs. The process of molding silver is labor-intensive, increasing per-piece price. For example, hundreds of silver coins totaling 1kg will cost more than a single 1kg silver bar. But silver coins are minted in smaller sizes ranging from 1 oz, ½ oz, ¼ oz, 0.1 oz, to 0.05 oz, ideal for starting your journey as a silver investor. The most popular silver coins are the Silver American Eagle and the Canadian Silver Maple Leaf. You can buy silver coins or silver bullion bars from GoldLine to store wealth or to build short or long-term investments.
What are the Benefits of Investing in Silver?
Silver is Liquid
Silver is an investment asset and a form of currency. It is liquid, so you can easily convert it into hard cash. To increase liquidity, buy silver coins and bars in different denominations like ½ oz, 1 oz, and 10 oz. In recent months, demand for silver has increased significantly. High demand makes it easier to convert your silver coins, bars, or bullion into cash.
Silver is a Tangible Asset
Silver is a tangible asset in the form of coins and bars. So, it is not limited or defined by specific rules like a code or your bank manager’s signature. You can see and touch your investment, increasing your peace of mind. Tangible assets also allow for direct ownership, so you can take your silver home and store it securely. The ideal storage space for silver should be cool and dry, with no abrasive substances. Direct ownership also allows you to hibernate or migrate with your silver coins and bars in the unfortunate event of economic collapse.
Silver Can Hedge Against Inflation
Traditional investments like cash savings and stocks are influenced by the supply of money in the economy. But this is not the case with silver. It retains its value regardless of the prevailing economic situation. When you own silver, you won't have to worry about a sudden increase in supply. No one can flood the market with newly printed silver coins or bars. Its availability is tightly linked to the pace of the silver mining process. You can invest in silver to hedge against inflation.
Silver Has No Counterparty Risk
Silver has no counterparty risk for many reasons. Unlike stocks and savings, silver is a standalone investment. A silver coin or bar has intrinsic value, thanks to its silver content. It is not pegged on other financial frameworks or groupings, eliminating the risk of price manipulations. The market price is known globally in real-time. Because silver is tangible, it does not require approval or anything else to make it silver.
Silver has been used as currency since 3000 BCE. It provided a monetary standard for international trade before the adoption of the gold standard. China was the last major economy to shift from silver to gold standard in 1935.
