If Clint Eastwood were your investment adviser and you were just thinking about tossing your money into the market without much thought behind it, Mr.
Eastwood might say, "you've got to ask yourself one question: "Do I feel lucky?" Well, do ya, punk?" This is the problems with investing, it is not always a winning situation, and you know that already.
It is a risk, which is why you need to learn as much as you can before you start dropping your hard-earned money.
Okay, so maybe we should not be taking advice from Dirty Harry.
Still, if you scour the internet, you will find a lot ways to invest and investing in heavy metal just might make you a few silver dollars more than you started with.
You might be wondering whether you should even be investing in these turbulent times.
If you compare the similarities of the economy now with that of the late 1970's and if you use that as a way to gauge possible success, you would be happy to hear that precious metals like silver did very well in that period.
With close to a billion ounces per year, Silver is not just for making coins - it is in demand for a variety of needs.
Consider the obvious, like jewelry or the more discreet like photography.
As silver finds its way into industrial applications, one could expect a rise in silver prices.
If you plan to invest a large amount of money into silver, you need to consider that you will end up with a large amount of silver in return.
$20,000 in cash can fit in a shoebox, but $20,000 worth of silver is going to require you to have space to store 1200 lbs of metal - heavy indeed.
If you do not plan to make large investments, you can focus on the silver coins that you might find in a collectors shop.
These are the recently minted silver coins and the markup is not too bad either.
Start with eBay and search the internet for places to purchase coins like the Silver American Eagle if you want the high quality silver coins.
Some things to consider when you are purchasing or determining where to purchase your silver is it to add up all of the extra costs such as tax and shipping.
If you are investing in a few silver dollars or commemorative coins then at least your shipping total will not be as much as shipping 600lbs.
If you are a HEAVY investor, then this becomes a much LARGER concern.
Eastwood might say, "you've got to ask yourself one question: "Do I feel lucky?" Well, do ya, punk?" This is the problems with investing, it is not always a winning situation, and you know that already.
It is a risk, which is why you need to learn as much as you can before you start dropping your hard-earned money.
Okay, so maybe we should not be taking advice from Dirty Harry.
Still, if you scour the internet, you will find a lot ways to invest and investing in heavy metal just might make you a few silver dollars more than you started with.
You might be wondering whether you should even be investing in these turbulent times.
If you compare the similarities of the economy now with that of the late 1970's and if you use that as a way to gauge possible success, you would be happy to hear that precious metals like silver did very well in that period.
With close to a billion ounces per year, Silver is not just for making coins - it is in demand for a variety of needs.
Consider the obvious, like jewelry or the more discreet like photography.
As silver finds its way into industrial applications, one could expect a rise in silver prices.
If you plan to invest a large amount of money into silver, you need to consider that you will end up with a large amount of silver in return.
$20,000 in cash can fit in a shoebox, but $20,000 worth of silver is going to require you to have space to store 1200 lbs of metal - heavy indeed.
If you do not plan to make large investments, you can focus on the silver coins that you might find in a collectors shop.
These are the recently minted silver coins and the markup is not too bad either.
Start with eBay and search the internet for places to purchase coins like the Silver American Eagle if you want the high quality silver coins.
Some things to consider when you are purchasing or determining where to purchase your silver is it to add up all of the extra costs such as tax and shipping.
If you are investing in a few silver dollars or commemorative coins then at least your shipping total will not be as much as shipping 600lbs.
If you are a HEAVY investor, then this becomes a much LARGER concern.
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