Are you contemplating whether or not to buy silver bars for the holidays? Hey, silver is one of the main colors of the Christmas season (just think Christmas trees and ornaments), so you might as well start thinking about investing now. Silver bars don’t make great gifts but they do make great physical assets. Let’s consider five reasons why now is the perfect time to buy silver bars.
1. Silver Is Real
Silver bars are physical assets over which you have total control. You don’t have to take confidence in a note saying you own silver. You do own silver and you can store it wherever you want. It is an easy metal to store and transport, whether you decide to keep it in a vault or on shelves.
2. Silver Is Cheap
When you buy silver bars, you are buying one of the cheapest precious metals on the market. This means that while you don’t break the bank, you can take advantage of a precious metal’s qualities. The fact that silver is cheap means that it’s easier to invest in (you could easily take a portion of your paycheck to start a silver collection) and it’s easier to turn into currency. In fact, gold can almost be seen as an impractical form of money compared to silver. Gold is like your giant retirement savings account vs. your emergency savings account. Silver converts into much smaller denominations, as it is currently worth about $15 per troy ounce.
3. Silver Is International
When you buy silver bars you can be sure that the precious metal will be recognized as wealth anywhere you go. You can easily convert silver into currency in practically any country or anywhere throughout the U.S. If the American dollar loses value, especially in other nations, then silver will be your “silver lining” in the situation. Speaking of which…
4. Silver Is a Hedge
Silver bars protect you against inflation, economic downturn and all sorts of other financial problems. Right now, there is not much confidence in the American dollar. This is why banks are diverting their funds and citizens are starting to hoard gold on-site and inside offshore banks. Silver provides the same hedge and store of value as does gold, and, as stated, it is much less expensive.
5. Silver Is Rare
Despite the fact that there is more silver than gold, silver is still considered a rare precious metal. When you buy silver bars, you are actually buying a small portion of the last batch of silver left in the world. The majority of silver is being used for industrial purposes. Why is this significant? Because much of this type of rough silver is not recoverable. Besides, silver mines cannot keep up with the market demand. All of this affects the rarity of silver—a chemical element guaranteed to rise in value as the years continue.
Talk to your coin and metal dealer today about buying silver bars! It’s the season of giving, and by buying silver, you are actually giving yourself a future.