Your Questions About Investing In Silver

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Charles asks…

Will investment in silver be a profitable in current situation?

If it is then please advise in what form silver is to be bought and expected price trends. In other words need advise from someone who has invested in silver in recent times and is knowledgeable in this field.

Justin answers:

A BIG YES…
Price of Silver are on a hike and are increasing day by day as compared to GOLD.
Go for it.

Ken asks…

What is the best way to invest in silver?

I would really like to start investing money in silver and could use some help from experienced investors on the best way to start when I have to start small

Justin answers:

If you have a brokerage account, you can buy SLV, the silver ETF. This is by far the cheapest way to invest in silver.

If you buy physical silver (coins, bars), the spread over actual metal value can be large. The smaller the quantity, the larger the spread as a percentage of your investment. It makes it very difficulat to make a profit on a small investment.

George asks…

What are good sources to buy silver from?

I want to spend about $100.00-$600.00 USD to invest in physical silver. 2 reasons why:

1. I’m a BIG saver, so I want some protection against Hyperinflation.
2. A possible investment to earn more money for my buck in the future.

Does anyone have any good websites/sources? Also any advice would be greatly appreciated, thanks!

Justin answers:

Your best bet will be to decide what you’re looking for and shop around. You can save some time by trying a comparison site like http://coininferno.com Just click the coin you’re interested in, and it’ll list current prices from online dealers. I personally buy most of my bullion through either APMEX or the Nucleo Exchange, although you’re probably best off just buying from wherever is cheapest.

EBay can also be a good place to buy, but only if you’re in a rebate program. Because everyone else uses rebates, prices on eBay always go high (but that can be okay if you’re using rebates too). Feel free to e-mail me if you need help getting setup.

If you’re simply looking for the most silver for your buck, you’re best bet is to either buy generic Silver Rounds, or junk silver. Junk silver is pre-1965 US halves, quarters, and dimes that were made of 90% silver. They are usually the cheapest way to invest in silver. In fact, APMEX has been selling junk silver for a bit less than spot recently. In my opinion, Silver Rounds are quite a bit prettier, and only cost a tiny bit more, so that’s what I usually go with.

You’d best stay away from fancy numismatic coins, proof sets, graded coins, and things like that. They have huge premiums, and you won’t get your money back if the collectors’ market ever collapses (like what would probably happen when Hyperinflation hits).

Finally, some people will probably suggest you invest through the stock market. “SLV” is an ETF that closely tracks silver prices. Personally, though, I feel that you just want another piece of paper, then bullion investing isn’t for you.

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