While silver has had a rough ride over the past few years, the signs are that prices will be rising steadily throughout 2020, and if you would like to capitalise on that, here is some useful advice on how to make a profit investing in silver.
Buying Silver Bullion
You can acquire anything from 1-1,000 ounce silver bars from a leading bullion company and should you ever decide to sell, they would be happy to offer you the current market price. There are two ways of buying silver bullion; first, you can purchase the silver in bars or ingots and actually take physical possession of the silver, while the other method means that you receive certificates for your investment.
In all honesty, you are much better off to take physical possession of the silver, as it reduces the risk of a loss. If you search online for a leading Australian company like City Gold Bullion, you can purchase silver ingots or bars, and this type of company would offer you the best deals.
Silver Mining Stocks
Another way to invest in silver is to buy shares in a silver mining company, although there are additional risks involved, as the company might underperform, so you do need to do some serious research prior to investing in silver mining stocks.
Selling your shares is easy, as they can be sold at any time the stock markets are trading. If you do make such an investment, you are advised to keep abreast with the share prices on a daily basis. A quick Google search should lead you to articles offering forecast for silver in 2020.
Silver Coins
If you like collecting, you could start to source rare silver coins, which has great long-term potential, yet it would take quite a few years to amass a collection that would be valuable. Again, this is something to research online and the great thing about coin collecting is it is much more fun than regular investments. There are many kinds of silver coins, indeed almost every country in the world has minted silver coinage, which means there is a lot of scope, which might allow you to specialise your collection to specific countries or continents.
Silver Streaming Companies
These are specialist firms that offer finance to silver mining companies in return for a percentage of their profits, and they often have the right to purchase silver at below market prices, which means they pass on some of this profit to their clients. This is something you need to research carefully and there’s no reason to make a heavy investment initially, as you can always increase it at a later date. While there might be more risk with streaming silver investments, the returns are generally higher than if you invested in a silver mining company by buying shares.
The short-term future for silver this year is promising and as silver has more commercial applications than gold, there is more chance of benefiting from a healthy economy. If you would like to make contact with a reliable bullion company that deals with both gold and silver, there are a few leading companies and they can be found with an online search.
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