Ten Rules for Silver Investing

 

Rule #1 - When all else fails, there is silver.

No one likes to be a prophet of doom, but the simple truth is that silver is the world's money of last resort. Should a severe economic collapse occur, leaving paper assets worthless, silver will be primary currency for purchase of goods and services. (Gold will be a store of major wealth, but will be priced too high for day-to-day use.) Thus, every investor should own some physical silver-and store a portion of it where it's accessible in an emergency.

Many times we are asked what is the best form of silver to purchase. Our answer has been to consistently begin with old silver coins, known as "junk silver" in the trade. Although, we do not see a time where you would have to rely upon silver coinage for daily expenses it has proven useful in the past.

When our offices were in Los Angeles during the mid 1970's and the first Oil Embargo took place, two private gas station owners set up pumps that would accept payment in silver coinage. We point this out simply to let our readers know that the Free Market can provide some very interesting solutions during difficult times.

Finally, it must be remember that the one financial fact that history bears out is simply all paper currencies eventually fail.

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Rule 2. Start small- keep it simple.

Too many investors, upon deciding to beef up the metals portion of their portfolio, buy too much physical silver at once-and in the wrong forms.

Beginning metals investors should concentrate on pure bullion bars or coins, in smaller sizes, looking to pay a minimum premium over the actual metal value.

Avoid commemorative coins, decorative items, jewelry and other collectibles, all of which carry large premiums and have limited resale markets.

Anyone that has spent much time on our website www.silver-investor.com knows we have consistently advocated that all metals investors begin with a physical position before making any other type of precious metals investment.

Certainly, mining stocks offer leverage and can at times multiply your wealth substantially it is only by starting with the sure thing, real metal that you build a foundation of wealth.


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