Can Anyone Tell Me Why Invest in Silver is good I'm New?

I have been investing in silver for nearly 10 years now. I have paid an average of $15.07 per ounce. Back in 2011 when silver went up to $47 per ounce I did sell some and made around 300% profit. While it was a nice profit, it's not very often that you can do that.

I recommend that you invest in bullion, .999 or better. There are a couple of ways to go. If you invest in coins, like the one above, you have to pay a premium on top of the value of the silver. This is because a government has attached a dollar amount to it. The value is determined by the year, condition, how many were minted, etc... To get the most out of it you have to find someone that agrees with you on the value.
The other option is bullion. The ones shaped like coins are called rounds because there is no monetary value attached to it, you can also get ingots and bars. These have the least amount of mark-up, usually a dollar or so above spot (market price) depending on how much you buy. The good thing about bullion is the price is set by the market, worldwide.
Hope this helps!

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penguinpablo (75) · 8 years ago

Because:

Silver has always been real money. It has a long history as money.
It's a hard asset you can hold in your hand.
It protects against inflating fiat currencies. At no time in history have governments printed this much money.
It's cheaper than gold. The gold/silver ratio favors silver.
History learns silver outperforms gold in bull markets.
Silver has a growing industrial use (Each cell phone contains about 1/3 of a gram of silver)
on the coin it says 'In God we trust'.

$0.41

4 votes

swaggcheckkk (50) · 8 years ago

So it means you buy silver just to hold on to it ? until fiat currency Crush ??

$0.00

Yes, just lay it aside for at least 5-10 years...

1 vote

recovery2 (25) · 8 years ago (edited)