Is Silver A Good Investment?
With instability in the economy and financial markets due to the COVID-19 pandemic, there has been a renewed interest in precious metals such as silver.
Silver has often been considered a safe-haven investment because it's a hard asset and a store of value. As commodity prices rise, silver will benefit from greater and greater interest. In it's favor is a combination of reduced supply and strong demand. Global silver supply is down at a time of heightened investor demand for precious metals. It's the Perfect Storm.
Purchasing physical silver is the most direct way to invest in silver. Physical silver comes in silver coins and silver bars and the choice depends entirely on your preference. With physical silver, you actually take possession of the metal. Of all the investments you own, how many can you hold in your hand?
Silver may not be part of our currency, but it is still money. In fact, silver, along with gold is the ultimate form of money because it can't be created out of thin air like paper or digital forms. Physical silver is real money.
This world is full of paper profits, digital trading and currency creation. Physical silver stands as one of the few assets that you can carry in your pocket. You can take it anywhere even to another country. There is no chance of hacking and cybercrime. You can't erase a piece of silver. And, it can be as private and confidential as you want.
Here are a few key points to remember when considering investing in physical silver:
* You don't risk another party having to make good on a contract or promise.
* No default risk. If you own silver, you won't ever be defaulted on.
* Physical silver has a long term use as money. History shows that silver has been used more for coinage than gold and is more practical for everyday small purchases.
Physical Silver is a hard asset. It's more affordable for the average investor and yet will help you maintain your standard of living during periods of monetary dilution. If you can't afford to buy an oz of gold, silver can be your ticket to holding some precious metals. Silver isn't just cheaper to buy, it's more practical when you need to sell.