Last updated on June 26th, 2020 at 03:29 am
Last Updated on June 26, 2020 Posted by Colonial Acres Coins
2020 is well underway and with another decade behind us, you may be wondering where to invest your money as stock trends continually shift. While you may be eyeing certain stocks and bonds, the appeal they once had may be diminishing. Robert Kiyosaki, a multimillionaire who has made a fortune through smart investments, is not alone in predicting that we may be facing another economic collapse within the next decade. One option that many see as a way around this predicted financial strife is an investment in silver bullion coins.
Why Silver Bullion?
As stocks that depend on the artificial currencies of the world fluctuate with the state of the economy, they can be either very smart investment options or very foolish ones. It all depends on whether the economy is growing or shrinking, or, in extreme instances, whether it is on the verge of a boom or a collapse. Kiyosaki considers stocks and bonds to be experiencing a bubble right now, which is particularly dangerous because even if it seems like they are rising in value, that bubble is bound to pop sooner or later.
The thing about “real currency” like silver and gold is that they maintain their value even in a recession or collapse. When everything else is going down, silver will maintain its value and potentially continue to rise in value. Kiyosaki relates the example of SA Krugerrand gold coins. Today they are worth over $1500 apiece, while back in 1972, you could find them for less than $50.
Why Buy Now?
To begin with, if you are starting without any gold or silver, jumping straight into purchasing stock in a mining company may be excessive. The smarter and less risky move is to pool your resources on getting coins. Silver’s price per ounce is still rising while Wall Street continues robbing people of their pensions. Once the crisis reaches a breaking point, you can expect to see central banks printing more fiat money, rapidly accelerating inflation. Kiyosaki himself says he would keep accumulating silver until its price reaches $40 an ounce.
What Should You Know About Investing in Silver?
The ideal way to invest in silver depends on what you intend to do with it. If you plan to buy and sell regularly, it may be a better idea to explore a silver exchange-traded fund. It functions like a trust fund that is funded with hard silver assets. An ownership stake in an ETF gives you rights to a specific quantity (in ounces) of silver. This option is better for frequent trading because even though there are associated costs, you don’t have to deal with the premiums you would find when buying raw silver.
However, if you plan to hold on to your silver for a longer period of time, buying it raw is the best way to go. Even if you pay a slight premium when you first purchase some bullion or coins, you will make up for the loss as the silver increases steadily in value over time. You can typically find bullion bars of a range of different weights, from as much as 1,000 ounces to as little as one ounce. Do bear in mind that if this is the road you choose, you must also figure out an ideal way to store whatever quantity of silver you plan to hold onto.
Finally, you want to make sure you purchase your silver from a reputable dealer. In addition to looking out for fake bullion, you want to find a place that is not going to charge you an insane amount for the premium. When you buy silver through Colonial Acres Coins, you gain access to a diverse array of coins and bullion, many of which are collectible. Most importantly, you get the benefit of working with a trusted dealer in silver coins that has been around for decades.