Blog Home
Why the American Silver Eagle?Why the American Silver Eagle?
When you go to most precious metals dealer sites, you are faced with an overwhelming number of different products to buy. If you don't know what to buy, it can be very confusing. So what's the best form of metal to buy? Well…it depends. It depends on how much money you have to invest, what your reasons are for investing, where you plan to store the metals you buy, etc. For this report, I am going to talk about options for the average investor. You can buy bars of silver and gold in many different sizes. These typically carry a lower premium than coins due to there being less labor and production cost to produce them. Here is a key point to keep in mind. If you ever think you may need to use your silver or gold as a means of exchange, trade or barter…. it's much, much easier to use coins instead of giant 100 ounce bars, for example. I mean, big bars of metal are just not that practical to use or carry around. Plus… when selling them, some buyers will need to have them inspected to be sure they have not been hollowed out and filled with filler metals. Another benefit to coins is that you can sell smaller quantities at a time… along and along… instead of having to sell a huge bar all at one time. Of course you can buy the bags of 90% or 40% silver US coins. For the most part, these are pre 1965 US coins that were made up of 90% or 40% actual silver. You can typically buy $1,000 face value bags of these coins. The pros are; they are easy to use as barter coinage. You may remember during the gasoline shortage when Jimmy Carter was in office, some gas station owners were gladly taking these in trade for gas because silver prices were soaring at that time. For the cons, these bags are large, heavy, bulky and take up a lot of space. Plus, when you go to sell, they won't get near as big of an investment bang when silver soars …because they will have to be melted down and refined to separate the silver from the coins. Many times this silver will sell at a significant discount because of that. My suggestion is to forget about these bags and always buy 0.999 investment grade fine silver. For me, I believe the single best, easiest, simplest and most practical way to invest in silver…is with 1 ounce United State Silver Eagle Coins. Here are the benefits to investing in these coins:
For me, it's a no-brainer. Just stick with the Silver Eagles… don't try and get too fancy… and you can't go wrong. Watch the video below to find out where I get my Silver Eagles at the lowest price!
Ready to join Preservation of Wealth? Click the link below. https://preservationofwealth.net/jamesflanders
http://www.youtube.com/user/WorkWithFlanders
|