Silver has been used for centuries as a medium of exchange and a store of value. As governments continue to devalue fiat currencies, silver's strong asset and store of value qualities make it an attractive option for investors. Silver also has many industrial uses and is essential in the manufacture of many of tomorrow's technologies, making it a great investment for those looking to benefit from major technological changes. Investing in silver can be risky, but with the right measures, it can bring great financial rewards.
Focusing on companies that make smart decisions about silver on behalf of their shareholders is often more lucrative than simply buying ingots and hoping silver prices move in your favor. If you don't want to pick a single miner, you can invest in the Silver Mining ETF (SIL) to get exposure to all silver miners. The demand for investment in silver is also increasing and may soon exceed industrial demand. The company has 14 long-term silver purchase agreements and two long-term precious metal purchase agreements through which it acquires silver and gold production from counterparties located in Mexico, the United States, Greece, Sweden, Peru, Chile, Argentina and Portugal.
Coin and precious metal traders sell silver ingots both in person and by delivery over the Internet, and you can get quantities ranging from one ounce to a 1,000-ounce ingot quite easily. This is very important because anyone who normally buys silver based in the United States will have to look elsewhere for it, since the United States Mint is required by law to use only silver produced in the United States. While both gold and silver ingots may be attractive to investors, the white metal tends to be overlooked in favor of gold investments, even though it plays the same role. When people invest in physical silver, whether by buying a silver ingot, pure silver, a coin or other items, they ensure that its value has persisted and will remain so.
These companies do not extract silver on their own, but the capital they provide allows the customers of mining companies to produce their own silver. This can only happen if the price of gold plummets and silver maintains its levels, or if silver rises at a higher rate than gold in the coming years. Mining stocks, especially dividend-paying silver stocks, may also be a better option than silver ingots for some investors. This is one of the main reasons why everyone should buy physical silver and gold instead of paper.
According to an article by Ted Butler titled "Why is Silver More Valuable Than Gold?", more silver has been consumed than has been produced for more than 60 years. Don't even think about getting it from China, because they consume every ounce of gold and silver produced in their country and don't export gold or silver. A short silver grip hasn't been seen in more than 20 years, since the Hunt brothers demanded the physical surrender of their silver.
