8 Myths About Buying and Investing in Silver

Buying and investing in silver is a great way to make some easy money. By buying now, you can secure a considerable profit as the demand for silver skyrockets in the future. Silver can be invested in a variety of ways, through the purchase of jewelry, coins, privately minted coins and pure silver bars. And while purchasing silver bars might seem like no easy task, they are actually readily available from banks and bullion dealers and may be more worth your time, since coin collections often have their ups and downs when it comes to value over time. But when it comes to buying and investing in silver there are plenty of misconceptions out there that could have you making some damaging investment mistakes. Here are 8 things everybody needs to know now about buying silver.

8 Active Myths | Suggest a Myth
FACT: The U.S. Mint website can help you find a coin dealer.

When it comes to buying coins for investment its best to find a qualified and experienced dealer to make sure you are getting the best price, and are not getting scammed. The U.S. Mint website has a list of recommended coin dealers that can help you get a great investment that's suitable for you.

MYTH: Silver coins will yield as much profit as pure silver bars.

This is false. Silver bars are usually the better investment because their value will steadily rise over time. With coins, the value is not necessarily placed on the silver itself, but the worth of the coin. The worth of the coin may rise or fall with time,making investment in silver coins much less realiable than silver bars. And when it comes to buying, the cost of the silver coin will depend on the coin, rather than the amount of silver contained in it.This is not the case with pure silver bears, where the amount of silver governs the price.

FACT: You can invest in silver without having a single piece of silver in your home.

There are plenty of opportunities to invest in silver without having to keep any in your home and risk losing it. Essentially trhese are stocks, and you can choose to invest in a stock such as a silver mining company. While you may not be buying actual,physical silver, you'll reap thr rewards just the same.

MYTH: There's no shortage of silver, because it will all be recycled.

This speculation is a common myth that has little basis in reality. Few individuals that own silver products such as jewelry or silverware are actually looking to sell these items. Much of the time, these are herilooms that are passed down, never to be sold, ever allowing them to be melted down in the first place to be reycled. There has been little evidenced in the last 30 years that there is any indication that silver is being recycled.

FACT: Silver is one of the most major monetary metals.

Silver has long been used for the purpses of coin making throughout human history, far more so than gold has been. Silver has been in deand and will continue to be in demand for a long, long time.  Its malleability and its resistance to corrosion make it ideal for monetary purposes.

MYTH: There are more silver coins than gold.

Surprisingly, this is actually false. While silver has long been associated with the common man, being readily available in comparison to gold, this is not the case. While there are around 1 and a half billion silver coins in the world, there are actually twice as many gold coins in the world. And though there are more silver coins being produced every year, it will be a while before the number of silver coins exceeds the gold ones.

MYTH: High silver prices will bring down demand.

Because silver is so necessary for monetary, and other physical uses, the demand will unlikely decrese. Its used in many things, that few are aware of including ttoys, computers, cell phones, solar panels and other electronic devices due to its electric and thermal conductivity. The value of silver is worth more than anyone really knows.

MYTH: Silver is an iffy investment.

Because silver can drop in value in times of recession, this has made many believe that investing in silver is actually quite risky. This could not be further from the truth. While the demand for has decreased during the last recession, the supply increased as silver sources increased, allowing for greater profit after the end of the recession.