3 Ways to Get Silver Coins Off Your Mind and in Your Home

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Posted by Chip | Posted in Investing | Posted on 09-07-2012

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silver resources11 3 Ways to Get Silver Coins Off Your Mind and in Your Home
Jeffrey Lewis asked:

It may have come to you that one of the best ways to invest in silver is through investing in coins. In the past 30 years, silver has proven to be a good investment choice according to the gold- silver ratio. Many people have deemed that coins are the most preferable and safest way to invest in silver over silver bars and other bullion. But sitting around at home thinking about investing in silver, isn’t going to help you bring those coins home.

Silver coins, especially half dollars, are excellent for silver investment. These coins normally consist of 90% silver and will generate about 719 ounces of silver when refined. Mint bags will generally produce more amounts of silver, totaling about 723 ounces of silver. Half dollar coins are preferred over the bags of quarters and dimes for two reasons: quarters and dimes have been in more circulation producing more wear and tear and less amounts of residual silver and half dollars have been historically more popular collector’s items.

Silver coins come with different premiums depending on the selling rate of silver or the people’s demand for silver investment. These premiums can be as little as US$1.20 per ounce and increase dramatically. These premiums are often what make silver coins more desirable as an investment option than other silver investment options. So if you are looking to invest, here are the top three ways to get silver coins off your mind and in your home!

Investigate the silver market. Is it a good time to invest? Is there a high demand for silver? It is better to purchase silver at a lower price so that you can sell it when it the demand for silver investment increases. If it is the right time to invest in the silver market then start researching your coins now.

The second way to get those coins into your home, is to figure out which are the best coins to invest in. Half dollar coins are more popular and hold more silver as they are not as commonly used as dimes and quarters. The most profitable investor’s coins are the Walking Liberty silver half dollar, the Ben Franklin Silver half dollar and the 1964 dated Kennedy Half Dollar. Choose one of these three half dollars to invest in.

Now that you know which silver to invest in, you will need to research your investment options. There are various resources that you have in order to invest in silver. The best way is to find a reputable coin collector who can verify the authenticity of your coins. If you have a negative feeling about the deal or the person does not have the qualifications as a coins dealer, it is better to find a new reputable dealer.

When it comes to investing in coins, anyone can do it. I recommend that you do your research before being locked into any sales contract. Silver investment can be very profitable but if your resources are unreliable, this may cause many problems for you. To avoid such problems, follow these three easy ways to get coins off your mind and into your home today!

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Book Review: Rich Dad’s Guide to Gold and Silver (Maloney)

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Posted by Chip | Posted in Book Reviews | Posted on 08-07-2012

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silver resources3 Book Review: Rich Dads Guide to Gold and Silver (Maloney)
Graham Goodkey asked:

Gold Stocks and Silver Stocks present a huge opportunity for savvy investors that know how to source the right information.

In this article I review Rich Dad’s Advisors: Guide to Investing In Gold and Silver by Michael Maloney. The author of this book is a convicted and impassioned advocate of Gold Bullion and Silver Bullion. This book is in the series of books published under Robert Kiyosaki’s Rich Dad brand.

I really appreciated how simple and accessible this book was, true to the Rich Dad style of writing. Not quite as easy to read as Rich Dad Poor Dad but very accessible with straightforward explanations. This is particularly helpful when the author dives into certain historical events dating as far back as the Romans, and as complex as such international agreements as the Bretton Woods agreement. Despite the fact that these topics can easily become overwhelming and intimidating, Maloney does a great job of making the topic accessible to readers.

Maloney asserts that the only way to invest in Gold and Silver is to purchase bullion that is held privately in your place of residence or else in a 3rd-party, non-financial institution locale. I sincerely appreciate his rationale for this as only the physical possession of gold and silver bullion will be safe in the case of a mass financial meltdown. If an investor has their gold or silver held in a safety deposit box at the bank, it won’t be available to them in the case of financial apocalypse as the institution / bank would likely be closed down altogether; and if things really degrade to mass lootings and riots the bullion could be lost altogether if held at a bank.

There’s no debating the safety of assets during this kind of cataclysmic financial situation. This begs the question, though, what about absolutely every other point in time? Even if this kind of meltdown were to happen (however likely or unlikely) what would be the most advantageous situation in the months leading up to it, and the years following it? There are some extraordinary Gold and Silver Stock picks to be had, and it would seem prudent to look at the big picture, and the full menu of options before sticking all investable funds into a gold bar, then shoving this gold bar under one’s mattress at home.

Overall, I sincerely appreciate Mike Maloney’s book Rich Dad’s Advisors: Guide to Investing In Gold and Silver as an introductory piece to the topics of Gold and Silver, Precious Metals, Gold Stocks, Silver Stocks, and the history and issues that surround them. I highly recommend this book to anyone looking for an introduction to the topic of Gold and Silver, and their associated Stocks.

I also recommend that this book serve as a springboard to further education instead of treating it as the definitive be-all guide to investment. There are many amazing resources out there that allow you to more closely and specifically consider your options when it to Gold, Silver, Gold Stocks, Silver Stocks, and precious metals in general.

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Where Can I Sell My Silver Bullion?

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Posted by Chip | Posted in Investing | Posted on 29-06-2012

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silver resources1 Where Can I Sell My Silver Bullion?
Mickey Stan asked:

As more and more Americans are searching for ways to liquidate physical assets like precious metals, selling gold and silver bars, jewelry, and other pieces are practices getting more and more popular. Many conversations now include questions like, “Who buys gold and silver?” or “Who will buy my silver bullion?”

If you’re one of the many individuals wondering “Where can I sell my silver bullion,” there are a few things you should know about your alternatives. Some of the most popular ways to sell silver bars are outlined below.

Where Can I Sell My Silver Bullion: Local Shops
Oftentimes, silver bullions can be sold to local pawn shops or precious metals merchants, including jewelers. While this technique does save you from the trouble of shipping costs, it might not get you the best price. A sensible offer may be within 5 percent of the spot price, but there are sources that can offer you more.

Where Can I Sell My Silver Bullion: Online Auctions
Many people enjoy selling silver on eBay, as it occasionally results in a higher payout than what a local shop can offer. Nonetheless, the final price you will receive is largely unpredictable – and there’s no guarantee that you’ll be pleased with the amount. Plus, selling on eBay takes time; so, those who want fast cash for silver or gold should think twice before going this path.

Where Can I Sell My Silver Bullion: Other Resources
Selling your silver online is not a bad idea; it just takes some careful research to select the appropriate buyer for you. You may wish to look into online sources that are also metals refineries. A company that is a refinery is not a middleman; in other words, they have no need to pay a refiner, and therefore no need to take a cut out of the middle of your transaction in order to remain profitable.

There are several reputable sources you can look to, but it’s best to find a silver purchaser that is upfront about the payouts it offers. For example, some cash for silver buyer divulge the current price of gold and silver on its website, as well as the payouts it is able to offer. A 100% satisfaction guarantee ensures that sellers can retain their items if they are dissatisfied with the money they got. “Who will purchase my silver bullion?” is a topic on the minds of many. Hopefully, the information presented here answered the question for you.

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