Friday, July 3, 2009

Investing in Silver Bullion

Investing in silver bullion can be very lucrative. Most people see silver as an ideal investment during times of bad stock market prices etc. There are a few different ways an investor can invest in silver bullion. I think that people should have a combination of an allocated account which is different than an ETF and I also think that people should buy physical silver bullion. The beauty of having non physial silver is that you can liquidate your holdings instantly and you only pay about 11% over the spot price. If you buy physical than yeah sure you have no risk of losing your assets in the case of a govt intervention but it is harder to sell the physical silver bullion and you have to pay to have it assayed. Right now is definitely a great time to buy silver with the current spot price of $13.35 - I think that silver will be trading at $20 per ounce one day soon. In my next post I will outline all the reasons why I think silver is going to continue to rise in price.