Finding the Silver Lining a Beginner?s Guide to Investing in Silver Coins
There is absolutely no question that people leave days are looking for alternative investments rather than traditional stock and bonds, because although the economy is steadily (but slowly) improving. More and more people are realizing the old adage of "you should never put all your eggs in one basket" and they're looking for something slightly more tangible. Something they can hold in their hands and feel the texture of and something that they know will always have a market value. Something like silver and gold coins! There are advertisements for gold coin and bullion investment opportunities all over on the Internet, television, newspapers and magazines, and these companies tout gold as the world's greatest investment is after all a "noble metal" scientifically speaking this means that it will not erode or become corrosive however in its most raw and natural form gold can develop a surface tarnish. When exposed to direct or intense sunlight. This tarnish which can be easily polished away is known as "sunburn gold" and as beautiful and a rock solid investment as gold is it is also very expensive the current price. For one, troy ounce of gold is 1,306.72 and the current price for a 1 ounce gold coin is between 1,327.10 and 1,403.96 US dollars. So for a lot of people investing in gold coins is slightly out of reach. However, silver is a slightly more reasonable choice. A 1 ounce silver coin currently sells for between 23.02 and 28.38 US dollars although the price may seem to be bargain-basement compared to the price of gold in the eyes of the two investors. It looks like an opportunity, because silver is still a finite resource, meaning that it is limited, and eventually the price will increase, although it may take a considerable time for you to see significant return in value based solely on the value of the silver itself. Silver coins often have a significant value to collectors above and beyond, a monetary investment.
- Paperback | 36 pages
- 140 x 216 x 2mm | 68g
- 03 Mar 2015
- Createspace Independent Publishing Platform
- Illustrations, color