You don’t have to be a bullion market specialist to understand the simple gold-silver ratio. But you can take advantage of the ratio that has historically been one of the most reliable technical indicators of when to buy, sell, or swap silver and gold. The strong “buy” signal number is 80 or above, and recently the ratio has gone above 90! Add to this the fact that we are currently in a 19 year silver bull market, and you have the right numbers to start seriously profiting in silver.
Gold attracts its fair share of detractors. But the most common objections to gold as money, and as a safe-haven asset within an investment portfolio, are misplaced. Anti-gold myths are ubiquitous.
Mega billionaire Warren Buffett remarked derisively of gold that it “gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
That brings us to the first thing precious metals naysayers get wrong…
You may have a gold necklace that belonged to one of your great-grandmothers, but to the dealers you are trading in with, it’s just another gold necklace that might not even be genuine. These ornamental pieces hardly sell anything close to their initial price as well as their insurance value. As such, you shouldn’t be in a hurry to sell your gold jewelry especially if you are attached to it, unless you urgently need the cash, as there are no profits to be accrued. This is because the price you get for your piece takes into account a number of factors such as its rarity, beauty, and the place it was bought in the first place.
If you have been thinking about where you can buy silver and you have been wondering where to start, here are a few suggestions.
Precious Metals Dealers
The most common place for people to go to buy silver is to a silver or coin dealer. Dealers can sell you silver and some may offer storage services to keep your silver and other precious metals safe. If you don’t have a fireproof safe, you should consider having the dealer store your silver for you until you can get one so that you can keep your silver safe at home.
Also, watch this video on more tips for how to store your silver:
Dealers can be a great source of information and a resource for high quality silver and other precious metals but you should do some homework and research various dealers before you purchase silver from one. Talk to the dealer and also get recommendations from friends, read online reviews, and try to find out if the dealer is reputable before you start buying the precious metals that the dealer has for sale. Some dealers will try to talk you into buying expensive collectibles and other items that aren’t a great investment for beginners if they know that you don’t have a lot of experience buying precious metals. Finding a good dealer is worth the extra time and effort.
Finding Precious Metals Online
There are a lot of precious metal and coin dealers online. Knowing where you can buy silver that is high quality online is very important if you want to buy online. There are some great deals to be found online if you know that you are buying from a dealer that you can trust. Going online to buy silver other precious metal can give you access to special coins and rare items that you wouldn’t be able to find locally. But you should be sure that the person you are buying from is trustworthy because it’s easy to get tricked into buying coins and other collectibles that aren’t what they seem when you’re buying online and don’t have the chance to physically see the item. When you’re buying online always ask to see detailed photographs or scans of whatever you are buying and make sure that you ask other investors who have worked with the dealer about their experiences. Reputable dealers will understand your concerns and be happy to provide references for you.
Whether you are buying from a local dealer or a dealer online you should be sure that you always buy from dealers who have clear policies and procedures spelled out in detail either on their websites or in their shops. This will help you be sure of what you are buying and will help protect you if there is a problem with a transaction or with something that you buy. Before you buy have a set amount that you are willing to invest and don’t go over that amount even if the dealer tries to talk to you into buying something else that is supposedly a great deal. After you have made a few purchases and worked with the dealer for a period of time you can feel more comfortable buying rare items or items that have higher premiums. Follow these tips and when someone asks you where you can buy silver, you will be able to recommend your dealer with confidence.
After the economy took a downward decline a few years ago, people become skittish about making investments. Many investors lost money in the stock market and saw the value of their real estate investments plummet. While other investments lost ground, silver and gold remained strong. A growing number of people are buying precious metals to invest more conservatively and protect wealth for the future.
The Art of Preservation
The key to preserving wealth for retirement and the next generation is to invest wisely. In the recent past, people put their money into savings accounts and bonds to earn a small amount of interest. As the percentage of interest paid by financial institutions decreased, people searched for a better way to save. A weakened economy caused the value of currency to decline. It made little sense to put money into a savings account that earned less than one percent interest. As a result, people started buying precious metals again. For hundreds of years, silver and gold have been a definition of wealth around the world. The value of silver and gold stays consistently high. Savvy investors rediscovered the fine art of preserving wealth through buying precious metals.
Precious Metals in Industry
A variety of industries depend on the use of precious metals such as silver and gold. The luxury industry uses silver and gold for jewelry and accessories. Gold speckles are also used in posh beverages and foods. Going beyond exhibitions of wealth, precious metals are used in many other capacities ranging from medicines to electrical conductors. The need for precious metals continues to increase as the supply diminishes. Buying precious metals is clearly a smart investment based on the law of supply and demand. Industries will continue to need silver and gold. People who own them are sure to yield favorable returns.
Easy Online Purchasing Options
Investing in stocks, bonds and other investment vehicles often means working with a financial advisor, broker or banker. Buying precious metals online is easy. Investors simply find a reputable online dealer so they can buy silver and gold bullion. The process is fast, secure and confidential with no hassles along the way. There are no extensive spreadsheets to read or lengthy contracts to consider. Payment can be made in a variety of convenient ways including checks and credit cards. Investors can make a singular purchase or start buying gold, silver or other precious metals every month in a designated amount. Some of the smartest investors open a self-directed precious metals IRA account to enjoy its many financial and personal benefits.
