When one thinks of investing, he or she typically thinks of the stock market.
Stocks and bonds have always received the most attention in the media when it comes to investments.
Well, things are starting to change.
Gold and specifically Silver are now becoming very strong investments that will allow you to invest your cash.
As gold is quite expensive I would like to show you how Silver is now an affordable way to invest your money now in hopes of a stronger financial future..
In effect I will show you how to manage your cash in a very productive way and the advice is free of charge.
To best determine whether an investment is worth spending your cash on, historical research must be done.
How has an investment performed over a length of time? The stock market historically has had ups and downs but has always continued to increase it's overall value over time.
The same can be said about Silver.
Over the past two years alone, Silver has jumped from approximately $12 an ounce to $39 an ounce as of July 20,2011.
As you can see over time, Silver has performed quite well in increasing value.
In fact, Silver has outperformed Gold over this same time period.
With many precious metal experts predicting a continued increase of Silver due to the weak value of the dollar, $50 an ounce for Silver in the near future is quite possible.
How can I invest my cash into the commodity of Silver? If you are asking this question, the answer is this.
Simply visit your local coin shop and purchase as many ounces you feel comfortable in buying.
You can purchase as little as one ounce at a time.
Usually coin dealers will charge you the spot price plus a small commission which can be anywhere from $1.
50 to $5.
00 per ounce.
Don't let the term spot price confuse you.
It is the term used for the daily rate that one ounce of silver is selling for.
For example, if you purchased an ounce of Silver on the date quoted above, the spot price would be $39.
00.
Make sure the silver you purchase has.
999 imprinted somewhere on the coin.
This insures that you are buying pure Silver.
Turning your cash into Silver is great way to manage your money.
Once you have purchased a few ounces or more and placed them in an appropriate place, you can follow the daily activity just as you would the stock market.
There are several ways to track the value of Silver.
Television, newspaper,and computer websites are a few.
This is the enjoyable part! You also have another avenue to invest in Silver and it may be in your pocket right now.
Any Silver nickel or dime that was produced in 1964 or earlier is pure silver.
Any time you make a purchase and are handed loose change, check the Silver and save any coin that predates 1964.
You may already be invested in a precious metal and not even know it! Either save or take those coins to the dealer to find out how much they may be worth.
Silver is one of the most affordable and convenient ways to invest your cash.
As with any investment, there is risk and the value of your investment will fluctuate up and down over time.
I hope you are able to invest in Silver and enjoy the ride!