Why Should I Invest in Silver?
You've probably seen many companies offering to 'buy your old gold' and wondered why this craze seems to be everywhere right now.
You may even have wondered why they want your gold now more than ever.
Perhaps you've looked into investing in silver and wondered why these companies want gold instead of silver.
The simple fact of the matter is - because of margins.
If you take them a handful of silver they may make $100 profit after melting it down.
A handful of gold could be worth many thousands of dollars.
So, while gold and silver are both great investments, and in reality silver is likely to be much more lucrative over time, it's much easier for them to make money quickly when dealing in volumes of gold.
This has advantages and disadvantages.
If you wanted to sell a handful of gold, you'll have to find the right people just because of the amount it's worth (you're friends are less likely to have a few grand laying around to buy it from you), whereas a handful of silver would be worth a couple of hundred dollars and therefore much easier for someone to have the funds to purchase from you.
So, with these factors considered - silver is a great investment now and looking good for the future.
The worse the dollar does - the better silver will do.
If you spend some time looking around and doing research on the subject of investing in silver you'll see this for yourself, but just watch the news as the US dollar comes down and you'll understand more about what's happening.
Andy
You may even have wondered why they want your gold now more than ever.
Perhaps you've looked into investing in silver and wondered why these companies want gold instead of silver.
The simple fact of the matter is - because of margins.
If you take them a handful of silver they may make $100 profit after melting it down.
A handful of gold could be worth many thousands of dollars.
So, while gold and silver are both great investments, and in reality silver is likely to be much more lucrative over time, it's much easier for them to make money quickly when dealing in volumes of gold.
This has advantages and disadvantages.
If you wanted to sell a handful of gold, you'll have to find the right people just because of the amount it's worth (you're friends are less likely to have a few grand laying around to buy it from you), whereas a handful of silver would be worth a couple of hundred dollars and therefore much easier for someone to have the funds to purchase from you.
So, with these factors considered - silver is a great investment now and looking good for the future.
The worse the dollar does - the better silver will do.
If you spend some time looking around and doing research on the subject of investing in silver you'll see this for yourself, but just watch the news as the US dollar comes down and you'll understand more about what's happening.
Andy