Is investing in silver bullion a good idea? Many people around the world seem to like this idea.
Everyone knows that saving money in the bank does not earn much interest.
The bank interest rate for saving account is usually lower than the inflation rate.
That is why many people think about investment. Real estate investment needs capital and knowledge. In some case, the money involved is a big sum of money.
Stock market investment seems very risky to many people. There are so many companies listed in the stock market, but we do not know which to buy.
Buying gold for investment is tooexpensive. However, investing in silver bullion is still within the reach of many people.
Even students who are making money online can use the online earnings for investing in silver bullion.
How much money is needed?
For one ounce of silver bullion bar, the cost is less than forty dollars.
Many people can save at least forty dollars per month. Many people have made forty dollars in a single month too.
The current spot rate of silver is about thirty dollars. You can get the updated price from Kitco.
If you stay in the United States, you can get free shipping from many mints and authorized sellers.
You can buy one ounce of silver bullion bar every
If you can save a hundred dollars per month, you may like to save for four months, and get a 10 ounce silver bullion bar.
The premium over spot rate of 10 ounce silver bullion bar is lower than the one ounce size.
The 10 ounce silver bullion bar is the most popular size for collectors.
You will find it easy to sell the collection when you need money.
Many shops have return policy, as long as you can produce the original receipt.
That means you can buy from one shop, and sell it back to them.
Investing in silver bullion is good for those who cannot save money. Since they have the desire to spend money, they might as well spend on buying gold and silver.