SILVER INVESTMENT TIPS

SILVER INVESTMENT TIPS can be useful especially for the new time investor. Right now silver has breached the 15$ per ounce price and is headed out the window. If you have not started buying, you might want to squeeze a little more cash to get things done. Here are a few SILVER INVESTMENT TIPS that can become really helpful:

SILVER INVESTMENT TIP NO. 1: NO ETFs or PAPER SILVER- paper silver issued by investment companies especially in the US can be manipulated and is worth nothing (sorry for the blunt description). The mess in the US was caused by much greed and dishonesty, especially in fiscal reporting.

SILVER INVESTMENT TIP NO. 2: GO FOR ACTUAL SILVER- whether your holdings are in bullions (which tend to be more expensive), popcorn, bars or whatever you have, as long as the purity is .999 then that is alright. My opinion is if you have small denominations of pure silver in your possession then that can be easier to spend than silver bars. (get the jist?)

SILVER INVESTMENT TIP NO. 3: STERLING IS NOT PURE SILVER- if you were thinking about heading to the SM Mall and buying all the Sterling silver you can get your hands on, then strap your boots for a moment and listen. That is why you need to heed these SILVER INVESTMENT TIPS so that you would understand that sterling is below .999 in purity, it could be .92 or .90, which is certainly very less in value and does not appreciate as much.

SILVER INVESTMENT TIP NO. 4: NUMISMATICS- this refers to collectible items and other coins that are very expensive due to the fact that they were minted for a certain premium. It takes a lot of training to eye the real coins from the fake ones and you might end up with chocolate in the inside.

SILVER INVESTMENT TIP NO. 5: READ CREDIBLE SILVER AUTHORS- there are a lot of gurus out there which are trying to tell you to buy their stuff. Check out their credibility and if they are really who they say they are. One authority that i trust is David Morgan, author of the Silver Investor website.

If you know what you are doing, this kind of investment should protect you in the long run. Whenever there is a great investment like Silver, then surely SILVER INVESTMENT TIPS can aid the aspiring metals investor.

Actual silver

In my previous articles, I related an article wherein, my brother in law and I discovered a source for buying actual metals. Much of the hype and the risk involved in dwelling in this kind of investment is the fact if the metals sold to you is real or just a bunch of metals combined together with no inherent value. Knowing that there are so many various scams to hurdle, science once again has proven that there is a way to determine if gold and silver is pure or not.

So, on with our adventure. We purchased our first 500 grams of silver and have it assayed for a small fee, the metal was converted to a bar since they were in silver nuggets and when the melting process was done, the silver turned out to be .993, close to the .999 we were expecting. At least our supplier was credible enough. On refinement, the silver produces a shiny glitter and loses the dull gray color that it used to have.

We have attended a short lecture on how to determine the purity of the gold and silver through the use of chemicals and through the 'stone' test using nitric acid. More of this on my next post.