Investors have always been interested in buying and stocking silver and gold, as these precious metals have proved to be good sources for safeguarding the value of your money. Silver, especially, has also proved to be used as a currency until recent times. People, therefore, are interested in buying silver coins and bars as a sound investment. The price of silver are also comparatively low with respect to gold and, hence, many investors find a cheaper alternative by investing in silver, as it also gives good returns on one's investment.
There are, for instance, silver junk coins that you can invest in after knowing the silver price. Junk does not mean that they are useless, but rather that they have no value in the eyes of a collector. These coins are 90% pure in silver content. You can even buy bags of silver having mixed coins, whose face value is $1000 per bag.
The weight of the silver of these bags may vary, but is usually about 723 ounces. However, this is the weight in the fresh mint condition and can vary due to wear and tear and usage. It comes down to 715 pounds in actuality. These bags carry a premium above the silver price when you purchase them.
The bags are sold at a price slightly higher than the current silver price or spot price in the market. There are half dollar bags which are preferred by some, as their weight is comparatively more on account of less handling. Other bags consist of dimes and quarters, which might weigh slightly less. The half dollars are usually coins that have the Walking liberty on them or the Ben Franklin and 1964 Kennedy coins.
It is always seen that the silver price is expected to rise in the market and this is known as a bullish market. Silver has extraordinary uses in the industrial sector and this is expected to grow in the future. The natural consequence of this is a rise in the price of silver. The demand is going up with a corresponding stability in the supply of the metal. This is most likely to lead to a dramatic increase in the silver price in the days to come.
There are, for instance, silver junk coins that you can invest in after knowing the silver price. Junk does not mean that they are useless, but rather that they have no value in the eyes of a collector. These coins are 90% pure in silver content. You can even buy bags of silver having mixed coins, whose face value is $1000 per bag.
The weight of the silver of these bags may vary, but is usually about 723 ounces. However, this is the weight in the fresh mint condition and can vary due to wear and tear and usage. It comes down to 715 pounds in actuality. These bags carry a premium above the silver price when you purchase them.
The bags are sold at a price slightly higher than the current silver price or spot price in the market. There are half dollar bags which are preferred by some, as their weight is comparatively more on account of less handling. Other bags consist of dimes and quarters, which might weigh slightly less. The half dollars are usually coins that have the Walking liberty on them or the Ben Franklin and 1964 Kennedy coins.
It is always seen that the silver price is expected to rise in the market and this is known as a bullish market. Silver has extraordinary uses in the industrial sector and this is expected to grow in the future. The natural consequence of this is a rise in the price of silver. The demand is going up with a corresponding stability in the supply of the metal. This is most likely to lead to a dramatic increase in the silver price in the days to come.
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Investing in silver is a great hedge against inflation and financial turmoil alike. It's why demand for silver is increasing at an astonishing rate.
ReplyDeleteUS Gold Bureau