The last few days there has been a lot of excitement among investors who have been making a fortune off of gold. In my post yesterday, I mentioned that gold had pierced through the $4,000 mark for the very first time and is showing little signs of slowing. What I didn't mention was another metal also made a huge move as well, as silver has once again topped $50 per Troy ounce. Talk about impressive! I thought it would happen this year maybe by New Year's, but not before Halloween!
I know a lot of times I like to share some shiny silver items, today I found something entirely different. I frequently like to share silver casino tokens from defunct casinos, but they aren't the only silver producing companies that have disappeared from existence. In the 1970's and 1980's many auto parts companies would make silver rounds to give out to clients as a promotion or a thank you. Here is one of those from a company that is long since out of business, but the silver memento remains.
Is this the prettiest silver I own? No. I picked it up years ago, I don't even remember where I found it, but it was cheap. I do like how rugged and aged it looks at 45 years old. Unfortunately, Adobe gave me some problems removing the background on the back of this one and cut some top edges. It's really round on the back as well, I promise. Technology... This is an old scan from years ago and maybe that's why it didn't like it!
Now, back to silver prices topping $50, below you can see the chart from kitco.com over the past five days on silver prices. Silver just keeps going up just like gold and shows little signs of slowing down.
So this brings up the big question, is it a good time to buy silver or gold? Will there be a big correction coming up? No one can predict the future, but if there is one it isn't likely to be huge (in my humble, non-professional opinion.) The world is a mess economically and worries of spreading war aren't abating any time soon. So how to best invest in silver at these higher prices? Pick up less fancy silver just like the one above, although sometimes these rarer pieces can become valuable due to scarcity.
Or you can go with many others who are investing in micro silver! One gram silver bars have becomes a huge market share over the past year. Currently the value of one gram of pure silver is $1.58, much more affordable than $50+. There is a catch, the premium on top of the silver value can be very high as these aren't easy to produce. I'll share a couple of examples below.
Frist are one gram bars produced by respected precious metal company Valambi Suisse:
APMEX.com
These nice little bars go for $3.58 a piece right now, so $2 more than the metal value. But if you only have a few dollars to invest, some silver is better than none! It's also a way to get into precious metals investing relatively inexpensively. There are even less costly bars as well from small producers around the world, like this one from eBay.com:
eBay.com
This tiny one gram silver bar goes for $4.49 but comes with free delivery. If you buy several from one place and only pay one shipping fee you can save some money on shipping. A great way to get your feet wet in silver without breaking the bank. @bitcoinman is a big fan of these, and I'm becoming one too. Mainly because they are much more affordable right now! I have several of these but are surprisingly hard to photograph without a proper macro lens, which I'm not going to pull out just for these!
In conclusion, there are great ways to invest in silver that are surprisingly affordable. Make sure to shop around and only buy from a trusted sources, as scam artists exist everywhere anymore! Thanks for taking the time to read over my post today and I hope you enjoyed it. Please feel free to leave any comments or questions below and thank you for all of your support! It's greatly appreciated! Have a great day everyone!
References:
https://opencorporates.com/companies/us_tx/0002994406
https://www.apmex.com/product/85346/1-gram-silver-bar-valcambi
https://www.goldpriceoz.com/silver/silver-price-per-gram/
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
If you are interested in precious metals or even want to learn more about them feel free to come join us #silvergoldstackers
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