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Why Silver Bars Are The Best Investment Today
Silver price is at 23 dollars an ounce and has been hovering around this level for a few years. It is a matter of time when silver is going to skyrocket. Big banks, Globalists, and the establishment have been shorting silver for years and are scared shitless silver price will take off. Don’t be surprised silver price to be 1,000 per ounce.
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5 Replies
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Investing in silver bars can be a viable option for diversifying your investment portfolio. Here are some considerations and tips if you’re considering investing in silver bars:
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Understand the Market: Before investing, it’s essential to understand the silver market. Factors such as supply and demand, geopolitical events, economic indicators, and industrial uses can affect silver prices.
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Research Suppliers: Research reputable suppliers or dealers who sell silver bars. Look for dealers who are recognized by industry associations and have a track record of customer satisfaction.
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Purity and Weight: Pay attention to the purity and weight of the silver bars. Most silver bars are .999 fine silver, meaning they are 99.9% pure. The weight can vary, ranging from a few grams to several kilograms. Typically, larger bars have lower premiums per ounce compared to smaller bars.
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Consider Storage: Decide how you will store your silver bars. You can store them at home in a safe or secure location, or you can use a third-party storage facility. Keep in mind that storing large quantities of silver at home can pose security risks.
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Costs and Premiums: Be aware of the costs and premiums associated with purchasing silver bars. The premium is the amount charged over the spot price of silver and covers the manufacturing, distribution, and dealer markup costs. Compare premiums from different suppliers to get the best deal.
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Market Liquidity: Consider the liquidity of silver bars. While silver is generally a liquid asset, selling large quantities of silver bars may take time and effort compared to selling smaller denominations or coins.
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Diversification: Investing in silver bars should be part of a diversified investment strategy. Don’t put all your investment capital into silver bars alone. Consider other assets such as stocks, bonds, real estate, and precious metals.
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Tax Implications: Understand the tax implications of investing in silver bars. Depending on your jurisdiction, you may be subject to capital gains taxes when you sell your silver bars at a profit. Consult with a tax advisor to understand how investing in silver bars may affect your tax situation.
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Monitor the Market: Keep an eye on silver prices and market trends regularly. Silver prices can be volatile, so it’s essential to stay informed about any developments that may impact the market.
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Long-Term Perspective: Consider investing in silver bars with a long-term perspective. While silver prices can fluctuate in the short term, the metal has historically served as a store of value and a hedge against inflation over the long term.
Remember to conduct thorough research and consider seeking advice from financial professionals before making any investment decisions.
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Silver is a screaming buy for investors but I can outline some potential reasons why some people might consider silver to be an attractive investment:
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Historical Value: Silver has been used as a form of currency and a store of value for centuries. Its historical value can provide stability in uncertain economic times.
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Industrial Demand: Silver has numerous industrial applications, including electronics, solar panels, medical devices, and more. Its industrial demand can create a steady base level of demand, potentially supporting its price.
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Inflation Hedge: Like gold, silver is often considered a hedge against inflation. During periods of high inflation, the value of fiat currencies tends to decrease, while the value of precious metals like silver may hold up better.
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Diversification: Including silver in an investment portfolio can add diversification, reducing overall risk. Precious metals often have a low correlation with other asset classes such as stocks and bonds.
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Supply and Demand Dynamics: If demand for silver exceeds its available supply, it could lead to upward pressure on its price. Factors such as mining output, industrial demand, and investor sentiment can influence the supply and demand dynamics of silver.
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Affordability: Compared to gold, silver is more affordable for many investors, allowing them to acquire physical bullion or invest in silver-backed exchange-traded funds (ETFs) with less capital.
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Market Sentiment: Market sentiment can also play a role in the attractiveness of silver as an investment. If investors perceive silver to be undervalued or believe that its price will increase in the future, they may invest accordingly, further driving up its price.
However, it’s essential to recognize that investing in any asset carries risks, and the value of silver, like any commodity, can be volatile. Before making any investment decisions, it’s crucial to conduct thorough research, consider your own risk tolerance and investment goals, and consult with a financial advisor if necessary.
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Peter Schiff, the king of doom and gloom and one of our favorite podcasters in the economy with a stellar five star reputation says investing in silver is GO!!! Peter Schiff highly recommends silver.
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Good evening, folks. What a week it’s been. Inflation keep riding and more companies are closing its doors. Four large companies closed in Illinois spiraling unemployment numbers upwards despite the Joe Biden Administration doubling down and talking out of their assess that Bidenomics is the best thing since sliced bread for the economy with the support of the FAKE MEDIA with CNBC Jim Kramer lying with a straight face on how great the economy is. Good new is Silver and Gold prices have broke their resistance point and is surpassing 2 year highs. Gold closed at $2,349 per ounce and Silver at $27.60 per ounce. Guess now I know why I am called Nostramas of Silver. Silver is still a bargain and safe to load up per my forecast.
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Just a note and tip on my insights to investing in precious metals versus other investments unless it is real estate. Even with real estate, I think it is overvalued and mortgage rates will drop and the way to score on real estate investments is building or buying a fixer-upper or property flip. I will cover real estate on a different forum or subforum. If you decide you are going to invest in gold and silver, invest in the physical silver or gold bars and not the paper silver and gold certificates. There is so much fraud and deceit in the marketplace. Look at the dollar. The dollar is not backed by any hard assets. Look at the stock markets. It is artificially inflated and when it tanks, it will not just tank but you can bet there is going to be a freefall market crash. Do you think that the Dow Jones Industrial Averages should be at 40,000? Do you believe the Joe Biden Administration and their cronies like Janet Yellen, and Jerome Powell that inflation is under control and we had a soft landing? Have you been to the grocery store lately and seen the prices of goods? Have you tried to get a mortgage and see where rates are? Have you gone car shopping and seen prices of vehicles and interest rates? How many friends and family members do you know who are unemployed, underemployed, or are looking for a job. You decide. Anyways, paper silver and gold can be shorted and printed but real tangible gold and silver cannot. What you inves