For years the top financial advisors have preached the gospel of long term growth in the market. It took me a long time to learn the lesson, but I found out that they are absolutely right. Trying to jump in and play the market on a day-to-day basis is not only nearly impossible, it is downright frustrating. That’s when I changed my approach to investing and put a large portion of my monthly savings budget into the silver dollar.
TIP FROM THE PROS: By setting aside a certain amount of my monthly payroll check for savings, I am ensuring that I will be able to meet my long term investment goals. Paying yourself first must always be a priority.
The silver dollar is still easy to get and it is relatively inexpensive, making it accessible to the average investor who is probably still reeling from the collapse of the 401k they were relying on for their retirement. We have many more Silver Investing Help Articles Now Available.
In my free digital e-booklet, A Guide to Silver Coin Investing, I share a lot of the information it took me years to learn about why the silver dollar is such a valuable investment vehicle and why now is the perfect time to get started regardless of your current portfolio or experience.
SILVER STORAGE TIP: Don’t forget the FDIC and NCUA limits for deposit insurance. If you are storing amounts that exceed the insurance limitations, consider keeping your investments in a private storage facility.
Purchasing silver dollar coins could not possibly be any easier. You can purchase them through local coin dealers, through an online service, or even by finding them at online auction sites like Ebay. It is important to thoroughly investigate the reputation and reliability of any company you choose to do business with as there are a lot of unscrupulous people out there.
One final and very important point to remember is this: while numismatic silver is easier to obtain, you need to keep in mind that if the monetary system were ever to collapse (have you been watching the fall of the dollar lately?) that it would be very hard to figure out exactly what the silver in those coins would be worth.
The American Silver Eagle coin is always 99.9% pure silver and always 1 troy ounce. It is mandated by the United State Congress and guaranteed by the U.S. Mint. For my money, there is no better investment. We have many more Silver Investing Help Articles Now Available.