Last updated on May 2nd, 2024 at 03:33 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
Whether you’re a seasoned investor, a hobby collector or a first-timer, 2021 is a good time to consider buying Canadian silver bullion coins. Bullion coins are over 99% pure precious metal and are usually purchased as an investment, though they can also be given as gifts to commemorate a special occasion. They’re a popular investment choice because their value remains very stable over time, even if it fluctuates on a daily basis. This year, there are a couple of new incentives to purchase silver bullion for your portfolio or collection.
Projections Are Promising
According to David Erfle, a market commentator for Kitco.com, writing in January, silver is projected to outpace gold in value growth this year. Historically, the values of all precious metals tend to rise and fall as a group, with gold leading the way and silver trailing behind. Both gold and silver hit lows in March 2020, in the midst of the pandemic market panic. Gold was able to regain its all-time high over the summer, but silver’s recovery still lagged significantly. However, between the end of November and early January, the price of silver had risen 14%, signalling the possibility of “the next up-leg of the bull market in silver.” As of February 2021, silver was only at about 54% of its all-time high, so there is much more room to grow until it reaches that benchmark. Silver and gold are bouncing back from their recent lows thanks to huge debt buying programs announced by global central banks and the proposed U.S. government stimulus package. While March is the best month to buy gold, experts recommend June as the prime time to buy silver, followed by March or April.
A Special Canadian Anniversary
2021 marks the 25th anniversary of the designation of the maple tree as Canada’s national emblem. There are 10 species of maples that fall under the maple tree (Acer) genus: silver, bigleaf, red, mountain, black, striped, Douglas, vine, Manitoba, and sugar. The diversity of these indigenous trees speaks to the diversity of Canadians and their provinces, and the proclamation of the maple as a national arboreal emblem pays tribute to the contribution it has made to the nation’s industries, development and identity. The Royal Canadian Mint will be releasing a collection of commemorative bullion coins, each featuring a maple leaf design with a “25” privy mark.
The Canadian Silver Maple Leaf bullion coin was first introduced by the Royal Canadian Mint in 1988, and it was the first series in the world that boasted a .9999 silver purity. The 2021 Canada silver bullion (non-commemorative) coin features a sugar maple leaf on one side and a portrait of Her Majesty Queen Elizabeth II on the reverse side. Royal Canadian Mint Maple Leaf coins have security features embedded in the design of every coin to guarantee authenticity and quality. Unique engraved radial lines appear on both sides and reflect light in ways that make counterfeiting extremely difficult. A micro laser-engraved maple leaf privy mark with a “21” inside it —only visible under magnification — adds an extra measure of protection.
Many people who buy silver as an investment buy it through an ETF (Exchange Trading Fund) or invest in silver mining companies. However, silver and other precious metals are unique because they are a tangible investment you can hold, collect, and admire for their beauty and craftsmanship. So this begs the question, “why not buy the real thing?”
Colonial Acres Coins is a Royal Canadian Mint certified Bullion DNA dealer — that means we guarantee the authenticity of the bullion we sell. We carry a huge variety of products, including gold, platinum, palladium, and Silver Maple Leaf coins, gold and silver bars, as well as a number of other gold and silver coins. Colonial Acres Coins is your trusted source to buy and sell precious metals. Stop by our store in Kitchener, Ontario, or take a look at the massive selection we offer on our website to find the perfect coins to start your 2021 year off right.
