While gold is always in the news and is the preferred investment for many, it is quite expensive. Yet silver is not, and is an excellent way for the novice investor to get his or her feet wet. In addition, since silver many times out performs gold, it is good way to diversify one’s precious metal investments. Placing all eggs in one basket is not the prudent way to invest.
Silver has been remarkably stable. For example the silver spot was $29 per ounce in September of 2012 and today trades at $33 per ounce. Still, silver can be subject to wide swings and offers smart investors quick profits when this occurs. According to Yahoo Finance it is the low entry price, when compared to other precious metals that makes silver so attractive. Once you decide to invest in silver bullion coins you must choose the coin you wish to invest in.
The most prevalent silver bullion coin to invest in is the American Silver Eagle. This popular coin is minted and has the full backing of the United States government. Collectors flock to the proof and uncirculated versions of these coins and they offer a fine addition to coin collections. According to Coinnews.net the American Silver Eagle was first coined in 1986. The coins are made of 99.9 percent pure American mined silver, and offers a legal tender of $1. However, investors are more interested in the spot market price of silver for determining worth.
The coins are not sold directly by the US Mint, but through a network of dealers. Once you have invested in Silver Eagles you should keep an eye on Monex silver prices. This ensures investors are buying at a competitive price, and selling for a profit. As mentioned the silver spot can be volatile at times. Keeping an eye on silver prices is the way to garner speculative profits. Buy low enough, and sell when the price spike s upward makes silver even more appealing.
Diversity is the name of the game when it comes to investing. Those who invest in Silver Eagles can diversify their silver bullion coin portfolio further by purchasing Canadian Silver Maple leafs. These coins were first minted in 1988 by the Canadian Mint. It has a legal tender of 5 Canadian dollars, but like all silver bullion coins their real worth is tied to the precious metal market value. The Silver Maple Leaf is indeed a sound investment.
Another interesting silver bullion coin is the Silver Vienna Philharmonic. It was first coined in 2008 by the Austrian Mint. This ancient mint is today one of the most modern in the world. The coin has a legal value of 1.5 Euro and this fact is stamped right on the coin. The Silver Vienna Philharmonic bullion coin makes a fine addition to any investment portfolio.
Silver offers an excellent entry point into precious metal investing. Consider that Monex.com has over 40 years of experience in precious metals and bullion coin investing makes them the logical investing choice. Their experts are standing by to help you manage your portfolio, and to answer your questions.