price of silver

Keeping Your Investments in Silver Safe

If you’re wanting to purchase Silver, always ask yourself why are you buying Bullion? For what purpose? Is it for your collection or for investment purposes? Be sure you know what kind of silver you want to buy, in coin form, bar form or in paper form (stocks, ETFs, exchanges etc.) When purchasing silver, you need to know lot of things regarding Bullion.

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Here are some safe ways or steps if you want to purchase physical Bullion (coins or bars):

  • First figure out what kind of Silver Bullion you want to purchase, coins or the bars.
  • Know your budget when you purchase silver.
  • Have a safe place to store your silver.
  • Always bear in mind the current price of silver and compare the price to other dealers.
  • Go around or shop for cheapest dealers in your local area.
  • After you shop around, go to online shopping so you can compare the different prices of silver.
  • You can also purchase silver at auction or from national mints.
  • If you purchase from other dealers like jeweler or silver dealers, be sure they have reputable record.

If you want to purchase silver, the best deal you can get is the wholesale price or as close to spot price as possible. As we all know, the retail price is different from the wholesale price.

When investing in silver, most wealthy people who can afford it, pay the wholesale price rather than the retail price. They will have a larger profit when they purchase Silver Bullion at wholesale prices. Most small dealers sell silver at retail prices in order for them to have the bigger profit.

So if you are wealthy, go to the direct supplier or dealer of silver so you can get a cheaper price. The price of silver changes everyday. When there is an economic crisis, the price of silver tends to go up. Silver as an investment can be very profitable business, BUT only if you know what you are doing.

When you want to purchase Bullion for your collection, you don’t need to purchase a lot. Just be sure you know the current price of silver and do go shop around in order to get the lowest or cheapest price.

Online shopping is also convenient in time. You can go shopping through the net in your spare time. The internet is open 24/7 and you can shop through different kinds of website regarding silver and other precious metals. You can also compare the prices easily since some websites of silver dealers have the price posted on their site.

Always be alert of fraud on the internet. Be careful and be safe in shopping online. If you know of some reputable silver site, then go and have a look at their inventory.

Picking Silver Dollars For Your Coin Collection

seated_liberty_dollarPicking silver dollars for your coin collection can be a time consuming process. You have to find a place that sells silver dollars and then you have to painstakingly browse through the available coins that they might have. It is possible that the one silver dollar you need to finish off your coin collection might be difficult to find or be extremely expensive.

peace_dollarThere are other great ways to find silver dollars for your coin collection though. Try browsing through the coins that might be available on an internet auction site like eBay. Instead of being limited to just the coins that one particular store has, look through a whole bunch of coins. Maybe you will be able to locate the one that you need at a reasonable price.

Make sure to pay special attention to items that you do buy online. Pictures can be deceiving and you do not want to be disappointed when your silver dollar arrives for your coin collection.

Reasons To Add Silver Dollars To Your Coin Collection

morgan-dollar
One great reason to collect silver dollar coins is because they can be worth a great deal of money. The price of silver has gone up quite a bit which has directly affected the cost of silver coins. As the price of silver continues to go up the value of the coins that you have will appreciate over time.

Another great thing about collecting silver dollar coins is that they always have a value. You can always buy something else with the silver dollar in your collection whereas you can’t simply walk into a store and buy a pack of gum with an action figure that you have been collecting.

silver-american-eagleSilver dollar coin collections are great to pass down through generations. Start collecting all of the silver dollars that you can get and then pass it on to your child. They can add more coins to the collection including the most recent coins as well. Eventually someone is going to have a pretty impressive collection of silver dollar coins that is going to be worth a great deal of money.

Whether you are collecting gold coins or silver, it is fun. Watching your collection grow over time can be extremely satisfying. While it might be tedious to get started with a silver dollar coin collection over time you will grow to love it. Looking at the little details of the silver dollars will be fun instead of a strain on your eyes.

Silver’s On Fire…But For How Long?

Have you seen the price of silver the past few days?

silver kilo barYep, it’s going up with prices hitting another 22-month high near the $20 level.

Many pundits are saying the price increase of silver and gold are a reaction to the Brexit vote, where Britain voted to leave the EU.  I, on the other hand, think the price increase is because… wait for it…

That’s what silver does.

Prices go up, and prices go down.  It really doesn’t matter to me.  What’s important is that you should be accumulating as much of the precious metals as you can.  There will come a time when the currency crisis hits a point where the price for silver and gold will go astronomical.

One nice feature of accumulating silver and gold with OwnX is that every so often, I will exchange some of what is in my depository for physical metal.  I think it’s important to be diversified in my holdings, and having physical metals is a real comfort.

Create your OWNx account to gain access to direct ownership of physical gold and silver today.

San Diegans value chocolate more than precious metals

Given the choice between a free Hershey bar and a silver bar worth $150, people on the streets of San Diego chose the chocolate bar – another jaw-dropping illustration of how ignorant Americans are when it comes to precious metals.

Mark Dice’s previous video showed him attempting to sell the 10oz silver bullion for as little as 99 cents, with no takers. This time San Diegans didn’t even show an interest in receiving the silver for free, choosing the chocolate bar instead every time.

“I’ll take the chocolate bar,” says one woman as Dice tells her, “who needs a 10 ounce bar of silver, right?” as the woman physically recoils from it.

“Who needs a 10 ounce bar of silver when you can have a good delicious bar of chocolate, right?” Dice tells another man who responds, “Yeah, exactly!”

“The Hershey bar, I can eat it, I can’t eat the silver bar,” remarks another man as he choose the chocolate over the bullion.

Another woman chooses the Hershey bar, commenting, “I’m a girl and it’s been a cranky day.”

A man in a cap then sardonically asks, “silver?” before taking the chocolate bar.

A woman wearing sunglasses remarks, “I don’t have a way to do anything with the silver,” presumably unaware that she could exchange it for $150 at a coin shop just a few feet away. Ironically, the woman then becomes preoccupied with whether or not the Hershey bar is real.

“Is it real? It doesn’t seem real,” states the woman, to which Dice responds, “I mean we could go into this coin shop, we could verify this silver bar as real.”

“No, that’s alright,” responds the woman.

As precious metals specialist Addison Quale wrote in response to Dice’s previous silver bar video, “Americans have been tricked into believing precious metals are not valuable.”

Quale writes that the video illustrates how central bankers have created an “uninformed, uninterested, ignorant and pliable citizenry they can lead around by the nose,” having “essentially convinced the populace that gold and silver coins are ultimately impractical and just too old-fashioned” while making them firmly believe that promissory bank notes and certificates represent real money.

Article written by Paul Joseph Watson, InfoWars.com

Silver Recycling Volumes Forecast to Stagnate Over The Next Three Years

(September 9, 2015 – Washington, D.C.) The Silver Institute today released “Silver Scrap: The Forgotten Fundamental,” a report produced by Metals Focus, the London-based independent precious metals research consultancy, on behalf of the Silver Institute. The study provides detailed information on recycling broken down by region and by five sectors: industrial end uses, photography, jewelry, silverware and coins. This analysis then forms the bedrock for the forecast in scrap volumes out to 2017 and how those volumes might vary with price.

Highlights from the report include:

  • Silver recycling is projected to decline to 178.0 Moz (5,536t) by 2017. This is 14% lower than the 2011 peak, as growth is only expected to average 3% a year, even if prices rally to over $20. This outlook is based on further losses in photographic scrap, a depleted pool of near-market silverware and a limited response from most industrial end-uses.
  • The study found that scrap from industrial sources is the largest segment, accounting for around half the total last year. A key finding was the low level of recovery from the vast majority of end-uses, as highly fragmented ownership and low silver contents often make recovery uneconomic.  The main exception is the substantial and growing volumes coming from ethylene oxide (EO) catalysts.
  • Silverware is the second biggest source of silver scrap supply, with an 18% share of the 2014 total. This large slice was mainly ascribed to a sizable pool of product and a comparatively high value per piece.  By contrast, silver jewelry recycling is modest, despite higher consumption today, as consumers appear to be content to hold on to a still fashionable metal and resale is less valuable.
  • The report notes that photographic scrap remains in marked structural decline as a lagged result of the digitally-led fall in its fabrication since a peak in the late 1990s. However, still sizable volumes of recycling of old x-rays helped this sector achieve 16% of the 2014 scrap total.
  • The West, in particular North America, dominates recycling today, with 53% of last year’s total. Chinese scrap was, however, noted to be growing fast, with its share on target for almost 20% by 2017, largely as a result of gains in industrial recycling.
  • The report isolates four main drivers of silver recycling: the silver price; the scale of a products’ stocks; the degree to which ownership is fragmented and, lastly, environmental legislation in conjunction with its enforcement and voluntary compliance.

“The report illustrates the fact that one of the major contributors to the silver supply complex, scrap supply, has been shrinking, and is forecast to grow only modestly in the near term, further underscoring the strong fundamentals of the silver market,” stated Michael DiRienzo, Executive Director of the Silver Institute.

The report can be downloaded free of charge at: Silver Scrap:  The Forgotten Fundamental Report

Where to Trade Gold and Silver?

A lot of people are looking for ways to trade their gold and silver. However not everyone is really sure about how to go about it. If you want to get the most money out of your gold and silver all you need to do find out where you can trade for maximum profits. Here are some ideas on your choices as to where you can trade your gold and silver for quick cash.

First off gather all your gold and silver items or jewellery so you can have them evaluated properly. If your jewellery is gold, it should reach the 10k mark and above. Find out what is the current spot gold price in the market. Don’t rely too much on what you see from the news on the television. I like tracking the current gold and silver spot price at kitco.com.

Now that you have a good understanding of how much you can sell your items for, you need to locate and find out what are your options for trading gold and silver. Jewellery shops are one and I’m sure you’ve seen their ads saying they are buying scrap or unwanted gold. This is due to the fact that they are interested in the melting value of your gold, not its resale value. Pawn shops are the same. They will buy your gold and silver and place its value on the melting value. However, these places may not be the best in terms of what they will offer you for your gold and silver.

I prefer selling my scrap gold and silver to a coin shop where they seem to pay a bit more than other places.

Another avenue on where to trade gold and silver is through the internet. Online precious metal buyers have been around for awhile now and they claim to offer a much better value for your unwanted gold and silver. They evaluate your items and once evaluated, they offer premium payment. If you are unsatisfied with what you are getting from them, they offer a free return policy. Aside from the fact that it offers you more comfort and hassle free in finding brick and mortar businesses to trade your gold and silver to, online trading involves no awkwardness when negotiating.

These are your options on where to trade gold and silver for a quick buck. Remember that it all boils down to your choice and which of these options presented will offer a greater deal for your unwanted gold and silver.

Is Silver Headed To $5/oz?

Is Jason Hommel saying silver is headed to $5 per ounce?

I don’t think so. Hommel is just kidding.

In fact, he says, there is no explanation for the drop in silver and gold prices, other than the standard “manipulation” by the banks who trade in futures contracts.

CashThe oceans of currency being printed by the US are not yet flowing to silver. But they will, and then silver prices will rise sharply.

Interest rates have been manipulated for years now, and because it would be lunacy to bankrupt American business, they cannot be allowed to rise to compete with gains in the precious metals market in order to stop the bull market in gold and silver.

The bond market is huge—in the $20 to $50 trillion range. If interest rates rise, bond values go down. In a collapsing bond market, bond investors will move to protect their trillions, and opt for gold and silver.

The world’s central banks and Western governments cannot let markets naturally purge themselves, as the markets are too grotesquely out of balance and mismatched in size.

But they can’t keep interest rates low forever, either, because real rates are now negative, with interest rates well below the real inflation rate. People are being paid to borrow money: That is uneconomic, and unsustainable.

Imagine if interest rates went over 20% like the last time they were allowed to rise, in 1980, to contain gold prices. Seventeen trillion dollars in debt financed at 20% would be something like $4 trillion per year in debt payments alone.

That kind of currency printing to pay bondholders would be highly inflationary, driving silver prices well beyond $1,000 per ounce. Thus, the bull market in gold and silver is far from over.

Hommel expects silver to head past $75 in the next year or two. Now is the time to sell bonds, real estate, and currencies, and buy silver. Buy on the dip, while you still can.

Read the complete article here.

Silver at bargain basement prices… stack it now.

Wow… have you seen the price of silver today? Under $20/oz.

Seems to me to be a great buying opportunity if you can find any.

silverPaul Stramer wrote on his blog today, “Now this morning the banksters are driving the price of silver down UNDER $20 per ounce. What could their strategy be? Simple. The only people playing the over inflated stock market are the big banksters, and they are getting ready to get out of the stock market altogether. They need someplace to put those funds, and they are creating that place to go by manipulating the price of precious metals.”

I’ve believed for many months now the rise in the stock market has been a calculated manipulation before the big crash.

Stramer wrote, “This has happened before. Look at 2007 and 2008. The stock market broke new all time records then at over 14,000 points, and silver was selling for less than $10 per ounce at one point. After that the stock market crashed, the big boys having vacated the market, and what happened to silver? The price bounced off of $50 at least for a few days, and has been gradually coming down since.

They are getting ready to do it again, with the stock market again at a record high of over 15,000 points.

They are manipulating silver to create a place to jump too just before the crash that they know is coming.”

Gold is hitting record highs; Silver is climbing

Ongoing concerns over stalled U.S. debt ceiling talks, as well as fears of debt contagion in Europe have fueled the rapid increases in Gold and Silver with investors seeking a safe haven in precious metals. Forex.com Analyst Kathleen Brooks noted, “Recently, Gold has outpaced Silver; however, with Gold reaching a record … we think that Silver may play catch up.”  Gold’s appeal as a safe haven and hedge against inflation are shining through in this time of global economic uncertainty. In addition, analysts suspect the price of Silver to continue its rise as investors seek an alternative to Gold and as demand from emerging markets begins to outpace the world’s limited Silver supplies.

The prices of Gold and Silver may only continue to rise if:

  1. there is a continued lack of progress on the U.S. debt ceiling talks with an August 2 deadline looming,
  2. European Union leaders seek solutions to bail out Greece again while trying to stop the crisis from hitting Spain or Italy, and
  3. investors worry about rising U.S. inflation with a possible third round of quantitative easing, known as QE3.

If you have been waiting to make your investment, don’t put it off any longer! CitiFX’s Chief Technical Strategist, Tom Fitzpatrick, said the next Gold rally should be similar to the July through December 2010 rally. Some experts say the technical charts for Gold based on past rallies see the precious metal reaching $1,750 an ounce or higher.

Recently, investors have been particularly interested in the following precious metal investments.

Gold American Eagles1 oz. 2011 Gold American Eagles

Since the Gold American Eagle was introduced in 1986, it has been in high demand. Its stately appearance and proud symbolism make the Gold American Eagle one of the world’s most popular forms of personal Gold ownership.

Buffalo Silver Rounds1 oz. Buffalo Silver Rounds

This .999 fine Silver bullion coin is a beautiful example of James Earl Fraser’s classic Buffalo design. Investors and collectors alike treasure this popular and easy to store coin.

Strike while the market is hot and take advantage of growing investment opportunities.

Don’t miss your chance to lock in your Gold and Silver position. Concerns over QE3, the ongoing European debt crisis and the looming U.S. debt ceiling may cause prices to increase even more.


Earn Silver

Regarding Silver Prices from NIA

Following is a message received from NIA (National Inflation Association) regarding the recent volatility in silver prices.

This past week’s dip in the price of silver from nearly $50 per ounce down to below $37 per ounce is exactly what we predicted would happen a week ago on NIAnswers.

A week ago on NIAnswers we said, “The gold/silver ratio has declined during the past year from 70 down to 32. We projected it to decline to 38 this year, so there is a chance silver has run too far too fast. It wouldn’t surprise us to see a large dip in silver prices with the gold/silver ratio bouncing back up to 40. However, we are 100% sure that the gold/silver ratio will decline to at least 16 this decade. Therefore, we think silver is a buy here for the long-term, but it is probably best to be buying gold here even more heavily than silver so that if silver dips in the short-term, you can sell some gold to buy more silver.”

With gold now at $1,503 and silver at $36.81, the gold/silver ratio is now back up to 40, which is exactly what we predicted would happen a week ago when the ratio was 32.

With a gold/silver ratio of 40, silver is starting to once again become very attractive. Silver will likely remain very volatile in the short-term, but it is best for us to ignore this short-term noise and focus on the long-term. There is simply no better asset to own during hyperinflation than silver. We are 100% sure that the gold/silver ratio will return to its historical average of 16 within the few years, which means that those who buy silver today will see a 2 1/2 increase in their purchasing power.

Most of the people who are taking profits on silver today are going long U.S. dollars, which is the riskiest asset of all. Even though we knew silver was going to dip, we didn’t sell any of our silver. We simply stopped buying silver in recent weeks and focused on accumulating gold. If silver continues to dip in the short-term, we will strongly consider selling some of our gold and using the money to buy a lot more silver.

It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us

Silver Bullion Bars

At no time has silver been worthless. While that may seem like a silly statement, if you really think about it, stocks and bonds, real estate, many other types of investments may become less than stable, but at no time in history has precious metal been worth nothing at all, or been hard to sell.

5oz Apmex Silver BarFor thousands of years silver was the weight by which wealth was measured. It was cheaper than gold, but has been the basis for entire civilizations.

Even the renowned Warren Buffet did his bit with the precious metal.

In the late part of the 1990’s Buffett bought more than 100 million troy ounces (a few thousand metric tons) of silver. He did so at a price of about 4 dollars per troy ounce or a bit more. The silver price doubled and Buffet apparently sold, announcing in 2006 that he no longer held silver as an investment.

Pricing plummeted in 2008, as did many others but since then has continued to rise, slowly but steadily. Silver bullion prices can fluctuate quite widely dependent upon the supply and the demand for it. Silver is currently enjoying a very wide popularity as an investment item because the prices have been relatively good and they are steady prices.

More on Silver Bullion Bars

Silver VS Gold – Disconnected price ratio

Silver, at its current price is trading for only 1.78% the price of gold. We have a gold/silver ratio of 56, despite the fact that only ten times more silver has been produced in world history than gold.

On December 11th, 2009, NIA declared silver the best investment for the next decade. On December 21st, 2009, in NIA’s top 10 predictions for 2010, NIA predicted a sharp decline in the gold/silver ratio, which was 64 at the time.

NIA was right, the gold/silver ratio has declined by 12.5% so far this year.

Silver should be selling for over $80 per ounce right now with Gold over $1300 per ounce.

The time is RIGHT to be accumulating more of this precious metal. I really like Silver Snowball for accumulating silver because with it’s incredible affiliate program, you can actually get your silver at below spot prices. I recommend it.

Silver Eagles – Get ’em while you can 🙂

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