It has become very hard to find things to invest in with economy slowly trying to rebound from the recent recession. Investing in commodities have become some of the safest investments and are great way to diversify your portfolio. Investing in silver has become one of the best investments that you can make in today’s market.
There are many different types of silver investments. You can invest in silver bullion products or even silver coin investments. Both are outstanding ways to make reasonable investments and should be very profitable in the near future. Here are some of the most popular ways to invest money in silver.
Investing in Silver Bullion
Silver Bullion bars have become one of the most popular ways to invest in silver. They are small and very easy to store which make them very convenient to investors. Silver bullion bars are very easy to sell and convert to cash. This is also a convenience which makes them very popular. Most silver bars are produced in 100-oz bars and 10-oz bar denominations. 1-oz silver rounds are also very popular with collectors as well as investors.
Investing in Silver Coins
There are many different coins that make great silver investments. A Bag of half silver dollars normally will bring in about 720 ounces of silver. As silver prices reach record levels there has never been a better time than now to collect half dollars. Silver coins that were circulated before 1965 were produced with 90% silver. When you invest in silver coins you have three different choices to choose from. The 1964 Kennedy silver half-dollar, Ben Franklin half dollars, and Walking Liberty Half-dollars are some of the best coins to purchase.
Investing in Silver and Gold with IRA Accounts
You can now purchase silver bullion bars with your IRA. Congress passed a law in 1997 allowing people to include precious metal investments into their IRA accounts. This lets investors diversify their accounts and add a safe secure investment in to their portfolios.
Silver has always produced a greater increase than other precious metals when metal bull markets have occurred. One ounce American Silver Eagle coins have been specifically approved for IRA accounts. We recommend that if you decide to add silver to your IRA that you purchase silver bars. They offer you more metal for the money that you invest compared to coins.
Investing in Silver ETFs
Silver prices are up nearly 18% for the month of July and nearly 29% for the year. Many people consider silver to be poor man’s gold, but the fact is gains and silver investment for the year are very impressive.
Like all precious metals Silver tends to rise in periods of economic uncertainty. The recent debt ceiling debate certainly did not do anything to lower the value of silver. Silver ETF’s offer an opportunity for investing in the silver market and should be worthy of consideration in your own portfolio. Among the leaders in silver ETF’s is the iShares Silver Trust SLV, PowerShares DB Silver Fund DBS, and ETFS Physical Silver Shares SIVR.
“Silver bulls would say that any such correction would be a buying opportunity as Newton’s first law should stay in force in the world of silver ETFs.”
It is possible that silver will under go a short-term correction as market makers overplaying United States avoiding potential default. The longer-term view and the fundamentals of a slowing economy are still in place. With that should come a further increase in silver price. ETF provides a great opportunity for small individual investors to capitalize on the market and the state of the economy.
History of Investing in Silver
Silver has always been a safe investment and a great way to hedge against a bad economy. If you are looking to diversify your account than these numbers might help you feel more comfortable in your investment. In 2000, 1 ounce of silver was worth a little over $5.00. That same ounce is currently selling for over $18.00. This would make a nice return on your investment.
This does not mean that silver prices cannot go down in value. It just means that based on the current market you would have been better off purchasing silver than most stocks in the market and almost any house. Like most investments you have to know when it is time to sell and cash in your chips. This is why having a balanced portfolio is a great way of investing your money.
Further Reading: Investing In Gold
