With recent dips in silver prices, now is a great opportunity to get into the other precious metal. Low prices mean opportunity for prospective silver buyers to get in with enough room to make a comfortable profit.
Unlike stocks in a particular company, commodities like silver go through cyclical ups and down, with price trends that ultimately keep ahead of inflation. Low prices are a chance to expand your position. A company’s stock may plummet due to mismanagement, high losses, poor performance, and other bad news. Silver has been a valuable commodity for thousands of years.
Buying silver is a no-brainer for any investor. Part of your portfolio should always be committed to precious metals, including both gold and silver. Here are some of the leading reasons you should be buying silver bullion.
#1 You Can Save Money Buying Silver Coins
If you want to save money, the best way to buy silver online is buying in large quantities. Silver dealers charge a premium on silver coins and silver bars. The premium over spot covers the cost of minting or manufacturing the coins and bars, as well as distribution, storage, insurance, and other costs. With dealers like Silver Gold Bull, the more silver you buy, the lower the premiums per ounce become.
Investing in silver is all about maximizing your return. Any silver buyer who’s serious about improving their ROI should consider making the most of these discounts on premium over spot. Buy silver from Silver Gold Bull and other online silver dealers that help you reduce your costs.
#2 Silver Protects Your Wealth
Silver is known for its volatility, but if you buy silver when prices are low or stable, you can rest assured that your wealth will be protected from time – and inflation. Inflation is like rust. It slowly eats away at your hard-earned cash. One of the reasons silver and gold became the stores of value they are today is that they don’t rust easily.
In fact, it’s usually the other metals used to give sterling silver and silver bullion more hardness that tarnish. Likewise, silver is a great defense against inflation and the way it slowly erodes the value of your money.
#3 Silver Prices Grow Faster than Gold
When inflation is high or stocks are tumbling, gold prices often grab the headlines while silver gains even bigger profits than gold. Silver is gold’s more volatile counterpart, moving faster both up and down the price scale. Silver moves fast, which can be both a boon and a curse for silver investors.
When the conditions for rising precious metal prices are right, silver prices rise proportionally more than gold. If you had the same dollar amount invested in both metals, you’d come out on top if you had invested more in silver. The trade off is that silver can also fall faster. Rather than waiting for silver prices to top out, decide on a price point that makes sense for you. When silver hits that price, you cash out with a comfortable return and avoid the hit when prices adjust.
There are plenty of great reasons to invest in silver. Make silver bullion part of your investment strategy.