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How To Go About Investing In Silver

Investing in Silver is flavour of the year in some circles as this sought after precious metal is at an incredible low at this moment in time and due to its clean track record ever since the turn of the century. 

How To Go About Investing In Silver

With gains of $5 per troy all the way to past $30 in 2012, it’s definitely something to look out for.  Some purchase silver as a security against the increasingly depreciating dollar currency while others simply look to diversify their portfolios and make some good profit margins. Whatever side you take, here’s a step-by-step guide on how you can get started.

From the get go, you need to decide what your aim of investing in silver is. This will greatly shape your approach in investing in silver. You need to decide whether you’re looking for a short term play on the market, speculating on the silver prices or whether you want to hold for long term investment. If you’re looking to hedge against the currency depreciation, time is not a factor for you, what you need to do is stock up continuously. If you want to do with some tax reprieves, using a silver IRA can be an ingenious technique. Still you can steer clear of handling the metal yourself and invest through the stock market. If you can’t settle on one method, that’s okay too, you can take on two or three approaches.

Investing In Silver

Best Ways To Go About Investing In Silver

Should you decide to buy physical silver, you can buy coins or bullion. Bullion is usually much bulkier and costs larger amounts. Depending on how much money you have at hand, you will decide to go for either. Steer clear of collectible silver unless you want to do that just for leisure. Ensure you only buy from certified dealers and only buy silver with 99.9% purity. Spread your investment over time by buying different silver brands over time.

If you’re looking to speculate, you’re in luck because silver prices just dipped in 2013 so it’s the best time to buy. Gold prices are already starting to climb and silver is always right behind. Whether its coin or bullion, just make sure you buy from trusted dealers. After that, all you have to do is hoard and wait for the prices to climb. If you’re aiming for a short term play, the next 12-24 months will be favorable and past that the prices are expected to continue rising for another few years before we get another correction.

Other Considerations For Investing In Silver

If you are shying away from buying physical silver, perhaps due to security or storage concerns, turning to the stock market can be ideal. As long as the silver prices rise, your stocks will appreciate and you can cash out quite easily by selling your shares. The same applies to ETFs. With ETFs, you can start investing with very little money. If you choose to invest in mining companies, do some research into the companies before committing your money.

If you would like silver-bright years after retirement, think about getting a silver or gold IRA account. Here you can stock up on silver or gold in your retirement account so instead of having currency that will depreciate each year, your retirement kitty will keep appreciating in value instead.

The Best Way Of Investing In Silver or Gold ?

Silver is one of the two most sought after precious metals, with 10,000 uses and 2014 looking like a good year to position oneself in this market,  the question what is the best way to investing in silver hangs in the air. One can own silver or gold in bullion form, ETFs, shares and even Silver or Gold IRA as a retirement option. With all these options, one can get mixed up on how to go about it. The truth is, there is no single answer to this question. However, let’s go through each one and see their strongest points.


Should I Consider Investing In Silver or Gold Bullion?

Investing in silver coins, rounds, or bullion is good because of its physically in your possession, it’s liquidity and security.  When you have physical silver, the proof of having it is just a matter showing it.  You also get the surety that you own it unlike other methods where you only have a paper document declaring that you own a share of silver.  When it comes to selling also, all you have to do is find a trader and get your silver’s worth in hard cash.

More importantly, having silver in physical form is ideal if you’re looking to have something acting as a hedge to the FIAT paper currency.  This way, if worst comes to worst; you have something to fall back on.

What About Investing In Silver or Gold Exchange-Traded Funds (ETFs)?

The best thing about ETFs is that you don’t have to worry about the physical handling of your bullion.  You don’t have to worry about whether it’s safe or how to move it about if you keep it at home.  With ETFs, the silver trust worries about the handling while you just keep track of your shares.  The ownership is quite liquid and you can sell whenever you want.  

The downside of investing in silver EFT’s are many investors are placing bets (aka hedging) on buying and selling silver looking for a quick return on a quantity of silver at the EFT companies that simply does not exist,  nor is held in great quantity to warrant such huge transactions.

Is Investing In Silver or Gold Mining Stock A Good Option?

Mining stock can be tricky but it can also bring about huge returns, without even having to deal with silver at all.  When investing in silver mining stocks, with established companies you enjoy the stability and the dividends.  If on the other hand you invest on new companies you can either wait for long or strike it big if the mining hits the jackpot. Here you need to gather information and make calculated moves. The stakes are high but so can the returns. Mining stock is ideal for investors who have good knowledge about the subject and know what’s happening in the industry. A new-comer on the other hand will have the odds against him.

Investing In Silver IRA

With an Individual Revenue Account (IRA),  you don’t keep the silver or gold yourself; the government ensures you only get it after clocking 70 years. This is good because you’re assured about its safety. The other good thing with a Silver or Gold IRA Rollover is that you’ll accumulate so much silver and won’t be bothered about short-term plays.