Should you be buying Silver for retirement


Silver prices are the lowest they have been in years so should you be buying silver for retirement? I think you should. First of all it’s super cheap. This is always good. Any investment should be bought when prices are low. You will never make too much money and might lose a lot if the price of an investment is high. Of course other investments like the stock market are always good but diversification is always an asset.

 

Diversify when you invest. Very important rule for the investment world so why not invest in Silver. It is the cheapest it has been in a long time. Probably won’t go much lower and the chances of it going higher are pretty good. Buy Silver ounces in coins and bars. Make sure you get your silver from a good source like government mints or reputable dealers. In my view there is not much chance of Silver going to much lower. As far as inflation goes, Silver will hedge against it.

 

Silver is fun

Silver
Silver Coins

 

Silver is also a lot of fun collecting. First and foremost it is easy to buy and sell. You can sell it anywhere. There are many forms of Silver coins, bars, rounds and other forms like bags of coins. Yes siree, you can buy a whole bag of silver coins that will only go up in value. Junk silver or coins made in the Silver era predating the mid sixties. All these coins were made from 80 to 90% Silver.

 

Also you get the collection aspect of Silver coins. Rarer ones are a good collector that only gain value over the years along with the Silver price. Coins from Silver expand back into ancient times so there is no shortage of choices. You can collect old coins and new ones with artistic and nostalgic value. Art in coins can be a good choice when collecting.

 

Buy beware when buying online

 

One point to note that should be looked at is be careful where you buy Silver coins. Being a trustworthy soul I don’t want to express alarm but there are crooks out there. Make sure the coins are pure and not coated copies. Doing this is easy buy getting the coins authenticated from a dealer before you dish out the cash. In a situation where you can’t get a dealer to identify the coins then proceed with caution.

 

Online coin sales or opportunities to obtain shares or other opportunities often come with a high premium price. Premium prices are costs that go above the spot price. Just be careful when buying coins and bars and try to stay close to the spot price of the metal. Coins before a certain date are a good investment so do your research when buying.

 

Best places to buy Gold and Silver

 

The best and most trustworthy places to buy the precious metals are from the mints. Canadian mints and the good old U.S.A. mint is probably the best. Another great place that is very good with a great variety of Silver is SilverBull.ca.

You can go online and visit sites like Craigslist and find people selling Silver. Make sure if you buy anything from sites like this that the product is authentic. No proof, don’t buy it. Last thing you want to do is buy a bunch of coins that are junk. Do your research, get an old coin book. If you purpose for investment is just the metal then buy from the mints.

 

Why buy Silver

 

Let’s look at the past 50 years. 50 years ago what did a buck buy you. A dollar really went far in the 1960s. Much farther than it does today. Before you get too nostalgic, remember that the median household income in 1967 was $7,143, and the minimum wage was $1.40 per hour. Of course, on the other hand, that same year, an average American home cost $24,600, and a Love Bug (a Volkswagen Beetle) could be had for a mere $1,500.

 

What does a buck buy you today. Well a house is a million or is that a condo. A good car is around 50 grand. So what was  Silver worth is 1968?  It was worth 1.90 an ounce. In 1979 it hit 49.45 an ounce. This is a great reason why you should own some silver. Right now it’s around 14.50 an ounce. That’s a pretty good deal in my book. Personally I think with all these trillion dollars sloshing around in the global financial system it might be very, very wise to own a little silver.

 

Opinion

Brent

Zoomers News

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Brent Arnold Walker is the Editor of Zoomers News...Location South Vancouver BC Canada...Raised in the heart of War Vet Housing ...A True Baby Boomer

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