Saving your money in the bank for future use is a good way to maintain your capital. Your hard earned cash stays in your savings account until you eventually need them. But your money kept away in bank’s vault is still subjected to inflation and economic recession and those risks can cause your money to become worthless. It may sound like an exaggeration or twisted truth but this unfortunate effect has happened many times in the past and will happen again.
There is nothing wrong with saving your dollars. But with inflation affecting your money’s worth a $2,000 dollar savings may be worth something today but in twenty or thirty years it might have a completely different purchasing power. Your savings should grow in value as the years go by. Instead a hamburger or gallon of gas that cost $.25 thirty or forty years ago costs about $3-5 today.
One option that can assure you that your money’s value will remain consistent and will continue to achieve growth throughout the years is investing and saving in silver. Unlike other investment options that can have daily fluctuations in it value silver prices remain constant throughout the years. Its value is not affected by inflation and economic recession thereby allowing your money to be safe and reliable.
For example, pre-1964 quarters were composed primarily of silver. That quarter that used to buy a hamburger or gallon of gas decades ago will still buy a hamburger or gallon of gas today.
Putting your money in silver is a great financial insurance plan. Never mind the news about the stock market or other available investment options. They do provide growth, sometimes quickly, but you can also lose your money. If you want to have a long term safe and secure savings plan then silver is probably right for you.
Buying silver is rather easy. The Internet can help you find various silver dealers. Just make sure that you get a reputable dealer with a long history of good transactions with customers. Though the Internet can provide dealers you still have to manually check the background of your dealer to be sure you want to deal with them.
Once you find a reputable dealer then it is all up to the kind of silver that you want. From silver bars to silver coins, and even silver certificates, it all depends on how much you want to save. You money can easily be transferred in silver. Silver is cheap and very liquid so you will not have problems in buying or selling in the future.
And when its time to recognize the gain on your silver investment all you need to do is to sell it back to the dealer you bought it from or find another dealer. Silver is a very liquid asset so getting your money’s worth is not a problem. And your transactions do not involve any broker or third party that has claimed interests on your savings and charge you outrageous fees.
Saving in silver is the best way for your money to grow and not having to worry about an impending recession, inflation, war, bank failures or any other economic factors that may cause its value to go down. If you think that you are ready to save your money in a better method than the average person then I suggest that you start saving in silver.
- Daily Blogwatch: Is Silver a Better Investment Than Gold? (dailyfinance.com)
- 4-Star Stocks Poised to Pop: Silver Wheaton (fool.com)
- Investing in Silver: Three Ways to Profit From the Projected Breakout (prweb.com)