Silver - How and When to Buy - Will it Go Up in Value?
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chances are we don't give this a thought.
The reality, however, is just the opposite.
In China, during the Ming Dynasty, silver rose to a quarter of the value of gold, and during Egyptian times, gold and silver were of equal value.
00 an ounce, while silver was at $5.
This meant that gold was 35 times the value of silver i.
it took 35 silver coins to buy one gold coin.
Gold went to $850.
00 an ounce.
Today, however, in February 2010, gold is at $1080 an ounce while silver is just over $15.
Most silver supplies do not come from silver mining operations.
Silver producers actually only produce about 25% of the total silver production, so if you could freeze the demand for silver where it is today, and the silver producers were able to double their production capacity, it would take at least fifteen or twenty years to get the silver stocks back to the levels they were at in 1990.
And that's why silver is so cheap.
It's almost like an optical illusion where we think silver is so plentiful, but the reality is that silver is very scarce.
Starting with 1964, those same silver coins are now being made of copper, zinc and tin.
But don't expect silver to stay at these low prices.
And the investor can use it either as a hedge against the failing economy or to get a remarkable return on his investment.
If paper money becomes worthless and banks fail, the small investor has more of a chance of purchasing household necessities with one ounce silver coins than with 10 ounce or 100 ounce bars of silver.
If someone has a very long shipping time, be very careful.
If they are sending you the coins by mail, make sure you tell the coin dealer to insure them and have you sign for the package.
If not, try to find someone who is reputable, ask around.
However, if you are buying silver over the internet, don't buy everything from one dealer if you can help it.
There are no restrictions as to how much you can buy and as of this writing, there is no taxation in these coins and they never lose their intrinsic value.
From generation to generation, to century to century, from civilisation to civilisation, to all parts of the world, to every culture, to all of humankind, gold and silver have been and always will be a negotiable commodity and a store of value.
Security may be an issue so think in terms of where you could hide that amount of coins.
In hard times, just visualise someone coming into your house, seeing the box marked coins and just walking off with it.
Financial advisor, Michael Maloney, says in his book "Guide to Investing in Gold and Silver"
"For 5000 years, gold and silver have been the only assets that have never failed.
They are financial assets that can be completely private and not part of the financial system.
Real estate, on the other hand requires the financial system to transfer title.
"
Financial advisors seldom advise their clients to buy gold and silver because they don't make any commission as they do with stocks, mutual funds, unit trusts and pensions.
He gets to eliminate the middleman.
If ever there was a need to protect yourself against a failing economy, the time is now.
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