How to Invest in Long-Term Silver Bullion
- 1). Understand what silver bullion is. Buying a silver watch is not investing in silver bullion. According to Ebullionguide.com, bullion refers exclusively to silver bars and coins. There are many types of silver-related investments, including silver certificates, stocks in silver-mining companies and silver Exchange-Traded Funds (ETFs), but actual silver bullion includes only bars and coins containing pure silver.
- 2). Find a reputable company selling silver bullion in the form of bars and coins. This is, by far, the most difficult step because there are many fraudulent sellers. If you decide to invest in bullion coins, understand that there are a few recognized names, including American Eagle, Canadian Maple Leaf, South African Krugerrand, Chinese Panda and Austrian Philharmonic. Silver bullion is always embossed with the content and purity directly on the bar or coin. Only deal with sellers that are willing to verify the purity of their offerings.
- 3). Purchase your desired type and quantity. Bars are more expensive to purchase than coins, but regardless of the type, silver bullion is expensive. Investment in bullion is always risky because of rapid price fluctuation, so seek advice from a trusted authority before purchasing any silver bullion.
- 4). Store your bullion securely. Consider purchasing a safe-deposit box at a bank to ensure safekeeping of your investment.
- 5). Track the value of your silver. Values for precious metals fluctuate constantly, and it is your responsibility to monitor your investment. Follow financial news through television, print and electronic media for accurate pricing of your bullion. Alternatively, consider having your bullion investment professionally managed.
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