Investing in Silver (part 1 of 10)

With all the talk of crypto currencies and blockchain I just wanted to take some time to remind people about the value of silver and why it makes sense as one type of investment for many people.

This is part1 - I will provide more posts with further information.

For most people, the idea of investing in silver will sound as crazy as asking them to keep their savings stored as wood shavings.
Investing is something that most people associate with trading and banking as opposed to something that ‘normal people’ do. This means that until an opportunity gets so big that it’s on the evening news channel or mentioned in their newspaper, they’re unlikely to know anything about it, let alone take the time to learn what’s required to start taking action with an understanding of why.

Let's at several aspects of silver and why it may now be something that people should take a look at seriously as an investment opportunity.
We’ll answer some common questions and highlight things that anyone can assess and draw their own conclusions about.

There are also some common misconceptions about savings and investments which mean that people who are in the position to take advantage of the current situation may still not have considered something like silver because they’ve been given (or seen on tv) advice which never mentions this.

A classic example is savings – how many times have you heard people say to put your savings in the form of ISAs or 410K etc. but never to invest in precious metals?

They’re usually telling you this because those forms are tax free, but they also have a cap on how much you can save – you can usually do the same thing with silver but with no limit.

A tax-free savings vehicle with no limit on how much you can put in – doesn’t that sound like something people would tell you about? You’d think so – but they often know nothing about precious metals either and consider them as ‘commodity trading’ and won’t have learned what you’re about to learn about the special situations that make this so great.

You could be living almost anywhere in the world, so while we will cover important information, specific things mentioned may not exist or may be called something different where you are. The aim is to bring to your attention enough of the important information about this subject to put you in a position to come up with your own plan for your future.

I advise you to seek out people in your area who are also knowledgeable and find local dealers and websites which cater specifically to your geographic location.

There are some great dealers around and as you will discover, having a great relationship with a supplier that can ship to you with low overheads or you can even visit in person will make your opportunity that much more effective.
Paying for shipping costs and transaction fees and import taxes is one of the things that most investors just accept, but they’re often an overhead you can avoid by finding a local supplier.
The same goes for selling – why make your costs and the costs to your buyer higher than they need to be?
Silver can be a great investment.

You can invest in it with only a few dollars or with more substantial amounts so there’s really nothing to stop the average person from getting involved in what could possibly be the biggest wealth creation opportunity of their life.

If you are serious about trading in large volumes you’ll probably want to get hold of a specialist investing and trading book or advisor to focus your efforts even more and tap into some websites that offer live trading information and stock prices. I will focus on things that are important and necessary for you to know to be prepared to start from having known nothing previously.

One important thing to realize is the fact that silver can potentially be an even better investment than gold. People keep investing in gold because their profit margins are bigger. Just a little bit of gold can be worth $5,000, whereas a handful of silver will only go for a few hundred.

We will also cover some of the terminology that will be useful to you in your journey into silver investing and highlight some of the possible dangers from investing in coins and bullion. These things are very popular, but can be hazardous to an inexperienced investor. If you don't know what you're doing, you might end up spending much more on coins and other collectibles than necessary. Again, fear not, we will cover this so that your money should work for you and not against you.

Did you know that there is such thing as bad silver? If you don't know what you're buying, you might invest in silver that's less valuable than you think which of course is not good for you and your wallet, so we will talk about the differences between good and bad silver and how to use your money when investing.

https://steemit.com/money/@andyhenry/the-value-of-money-and-investing-in-silver-part-2

https://steemit.com/money/@andyhenry/money-and-silver-resources-and-terminology