Why is silver such a good investment now
Posted 03-14-2010 at 01:37 AM by Andyhenry
1-You're buying real money.
The main reason why silver is a great investment now is that you're buying real money. What this means is that you are able to buy silver, put it aside, and whenever you need money, you can draw from those resources and sell it in a day. In fact it is not uncommon for people to do that for purchases that require a lot of down payment.
Let's say you want to buy a house. You are planning to pay a few thousand dollars down, but right before the sale is closed you find out that the down payment is going to be $1,000 or $2,000 more.
Now, if you have that money in savings, that's fine, you can just take it out and make the payment as planned. If you don't have the money, chances are you're not going to be able to buy the house, unless you have something that you have invested in that you can sell quickly for cash.
That's why silver is so great. You can pretty much sell it in a day, no matter how much money you need. If you have the equivalent value in silver available, you are not going to have a hard time finding someone to buy it from you. You can put it aside and be able to use it when a crisis comes, or when you need big chunk of money quickly.
The great thing is that this investment will not be less valuable a year or two from now, as is the case with the dollar, for example. If you let your silver sit for a few years, there is virtually no way for you not to make money. If you buried a 10oz bar of silver now and dug it up in 20 years time it will very likely be worth in real terms significantly more than today. If you did the same to a $100 note - you'd be lucky if it was worth the paper it was printed on.
There's no intrinsic value so a note can devalue to practically zero, whereas your silver bar will still be a valuable precious metal no matter when you dig it up with the chances being that the longer you leave it the less there will be around and the higher value yours will have.
2-You're buying something that's historically known
Silver was the first known coinage and was even mentioned in the bible. People understand that silver is intrinsically valuable. This means that silver always was and always will be a good liquid investment.
People will always attach value to silver, and in our times they will attach even more value to it because we use more of it every single day. Silver was always a metal that people considered valuable, and even though it is very cheap now, it will not stay that way.
Silver is a precious metal and it will be more expensive as time goes by.
3-You're buying something that's negotiable worldwide
Let's say you have a lot of money on you and you go on a trip abroad. If you go to a country where they do not accept dollars as currency, you're going to have a hard time using this money. You're going to find it difficult to buy food, check into a hotel, or even pay for transportation. Simply, you will not be able to spend the money, or get the goods or services you need. That is not the case with silver. This metal is negotiable worldwide, which means that you can sell it anywhere in the world.
There are people that invest in precious metals everywhere and as long as you have silver, you will be able to sell it in a short period of time and have cash in the local currency that you will be able to use right away. That is why precious metals are so incredibly important no matter what your circumstances are. Having something that you know you can turn into cash whenever you want is very reassuring as well as extremely important for the safety of you and your family.
I know that many people think that the dollar is an international currency and if you have cash, you will be okay. The problem is that this is not the case in many places around the world. I've traveled extensively for most of my life and I've made a point of always having something gold or silver available to me when in other countries so that I don't suddenly find myself with a wallet full of cash I can't use. I do have credit cards, but it only takes your bank or credit card company to put a 'security freeze' on your account because you're using it in a different country and you're stuffed until you can call them and confirm it's you trying to use it. This has happened to me so many times that I always have a backup source of funds now.
Andy Henry is the author of 'Now Invest In Silver' a beginners guide to investing in silver and the owner of Invest In Silver ? Advice for buying and investing in silver and Selling Your Silver the new auction site dedicated to silver buying and selling.
The main reason why silver is a great investment now is that you're buying real money. What this means is that you are able to buy silver, put it aside, and whenever you need money, you can draw from those resources and sell it in a day. In fact it is not uncommon for people to do that for purchases that require a lot of down payment.
Let's say you want to buy a house. You are planning to pay a few thousand dollars down, but right before the sale is closed you find out that the down payment is going to be $1,000 or $2,000 more.
Now, if you have that money in savings, that's fine, you can just take it out and make the payment as planned. If you don't have the money, chances are you're not going to be able to buy the house, unless you have something that you have invested in that you can sell quickly for cash.
That's why silver is so great. You can pretty much sell it in a day, no matter how much money you need. If you have the equivalent value in silver available, you are not going to have a hard time finding someone to buy it from you. You can put it aside and be able to use it when a crisis comes, or when you need big chunk of money quickly.
The great thing is that this investment will not be less valuable a year or two from now, as is the case with the dollar, for example. If you let your silver sit for a few years, there is virtually no way for you not to make money. If you buried a 10oz bar of silver now and dug it up in 20 years time it will very likely be worth in real terms significantly more than today. If you did the same to a $100 note - you'd be lucky if it was worth the paper it was printed on.
There's no intrinsic value so a note can devalue to practically zero, whereas your silver bar will still be a valuable precious metal no matter when you dig it up with the chances being that the longer you leave it the less there will be around and the higher value yours will have.
2-You're buying something that's historically known
Silver was the first known coinage and was even mentioned in the bible. People understand that silver is intrinsically valuable. This means that silver always was and always will be a good liquid investment.
People will always attach value to silver, and in our times they will attach even more value to it because we use more of it every single day. Silver was always a metal that people considered valuable, and even though it is very cheap now, it will not stay that way.
Silver is a precious metal and it will be more expensive as time goes by.
3-You're buying something that's negotiable worldwide
Let's say you have a lot of money on you and you go on a trip abroad. If you go to a country where they do not accept dollars as currency, you're going to have a hard time using this money. You're going to find it difficult to buy food, check into a hotel, or even pay for transportation. Simply, you will not be able to spend the money, or get the goods or services you need. That is not the case with silver. This metal is negotiable worldwide, which means that you can sell it anywhere in the world.
There are people that invest in precious metals everywhere and as long as you have silver, you will be able to sell it in a short period of time and have cash in the local currency that you will be able to use right away. That is why precious metals are so incredibly important no matter what your circumstances are. Having something that you know you can turn into cash whenever you want is very reassuring as well as extremely important for the safety of you and your family.
I know that many people think that the dollar is an international currency and if you have cash, you will be okay. The problem is that this is not the case in many places around the world. I've traveled extensively for most of my life and I've made a point of always having something gold or silver available to me when in other countries so that I don't suddenly find myself with a wallet full of cash I can't use. I do have credit cards, but it only takes your bank or credit card company to put a 'security freeze' on your account because you're using it in a different country and you're stuffed until you can call them and confirm it's you trying to use it. This has happened to me so many times that I always have a backup source of funds now.
Andy Henry is the author of 'Now Invest In Silver' a beginners guide to investing in silver and the owner of Invest In Silver ? Advice for buying and investing in silver and Selling Your Silver the new auction site dedicated to silver buying and selling.
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