The Importance of Silver Coin Investing
The Silver coins of old are possibly the oldest mass form of coinage in recorded history. They, along with gold coins, were among the first coins ever used thousands of years ago. But, are Silver coins a good investment for today’s investor?
Silver coins, are a popular way to hedge against inflation and balance portfolio risk. It has historically been the most affordable precious metal. Unlike Gold, Silver purchases do not have to be reported. It has unique properties, which make it ideal and essential for global industry. And creates a situation where there is simply no substitute. Silver has huge industrial applications. It is found in most everything from cell phones to computers. As the worlds thurst for electronics continues to grow, so does the demand for more silver. Also, the medical industry has found almost as many ways to use silver as the industrial world. These applications makes it a consumable investment. And not just another pretty face.
Silver and gold are of course used as a form of money and also since the ancient times were used for gambling purposes. They are of metal and usually disc shaped. Coins can be dated back to the BC era. By around the year 700 BC the Mesopotamian were using precious metals as a medium of exchange.
The U.S. mint is a government controlled coin production facility. It also produced what is widely considered America’s most beautiful silver coin, the Walking Liberty Half-Dollar. The Mint removed all silver from dimes and quarters. The silver content in half-dollars was reduced to 40%. The mint continued to turn out silver coins until 1971. In the place of the silver was what is called a “Fiat Money System”. Fiat money is money with no real value of it`s own. But is enforced as legal tender by the government. The problem comes when money is mass produces without it`s real value increasing. The result is the “Fiat Money” becomes less valuable and coins with precious metals become more valuable.
Precious metals investors often ask “Should I invest in silver or gold.” Silver has historically been the most affordable precious metal. Silver Eagles are easy to buy and sell at most coin, precious metal and brokerage companies. “Precious metals have had value in all civilizations and have survived all financial crises. They can be expected to do the same in the future.” Now is the time to buy gold and other precious metals. Silver and gold, however, are much more popular precious metals investments than platinum and palladium.
To sum it all up. Silver and gold coins are possibly the oldest mass form of coinage in recorded history. These coins, are a popular way to hedge against inflation and balance portfolio risk. Silver coins can be a great investment for a number of reasons. Today, the best reasons are that silver is affordable for most people and because it`s demand is growing everyday.