In uncertain economic times, having an investment of intrinsic value is a smart way to hedge against roiling markets. As a precious metal, silver will have value for many years to come. Keep reading to learn more about how silver can help keep your investment portfolio grounded:
Silver Has Intrinsic Value
Precious metals like silver, gold, and platinum have intrinsic value. That means their prices on the market may fluctuate, but they will never be zero. In times of high inflation, investing in silver can help protect your assets and net worth. Keeping silver bullion in your possession or in a safe and secure location will give you the peace of mind that even in the worst of times; you will still have some form of wealth.
Silver is an Accessible Investment
With gold and platinum priced at more than $1,600 per ounce, many people feel that precious metal investments are too expensive or inaccessible. Silver, on the other hand, is priced at around $30 per ounce, and is an affordable alternative investment. Silver’s relatively low price gives investors the ability to start small and make way into other precious metals investments.
Silver Is Rising in Value
The affordability and versatility of silver make it an attractive alternative investment for portfolio diversification. According to a report UBS AG emailed January 19, the company stressed the importance of keeping an eye on U.S. coin sales to see if volumes remain elevated as the debt ceiling showdown plays out and prices fluctuate in response to demand. In addition to watching coin sale numbers, a recent report released by the Silver Institute estimated that there will be a 6% increase in silver demand for 2013 in the industrial sector.
Knowing how and where to buy gold and silver in Los Angeles can seem difficult for an investor who is unfamiliar with the process. At Capital Gold Group, we will help you move forward with your silver investment. Call us at (800) 510-9594 to speak with a Los Angeles gold and silver expert.
Disclaimer: The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.