Sunday, November 1, 2009

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.

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