As you get older, you realize the importance of diversifying your portfolio. The significance of this task has never been more critical than it is now. The United States and other first world powers are experiencing an economic shift and your wealth is at risk.
The days of earning easy money investing in stocks and bonds are coming to a close. The next recession is upon us and those unprepared will suffer the unintended consequences.
Like most people, you’ve found your way here to learn the truth. You’ve asked yourself, “Is silver a safe investment?” Because up until now, you’ve remained uninformed about precious metals investing. You’ve heard about the value of investing in a gold and silver IRA, but possess little knowledge on the topic.
Well, we strongly believe in investing in precious metals. In particular, we recommend investing in a silver IRA. Why? You’ll have to keep reading to discover the truth. So stick around to learn the reasons why everyone should be invested in gold, silver, and other precious metals.
Reason #1: Investing in Silver Is a Safe Way to Diversify Your Portfolio
Believe it or not, when most people think about portfolio diversification they fail to consider precious metals investing. Opening a silver IRA is the ideal way to hedge your bets against inflation. And it’s also the right way to properly diversify your portfolio.
Why is it such a powerfully diversified investment? Some of the more pertinent reasons include the following:
- It’s an effective hedge against economic inflation.
- Silver is nearly invulnerable to geopolitical risks.
- It’s not as unpredictable an investment as stock market investing has become.
- It’s the ideal investment to protect your wealth and portfolio against a struggling US dollar.
- It possesses a negative correlation to other investment types including government bonds, stocks, and various asset classes. Meaning when stocks and bonds lose value, silver gains value.
All of these scenarios make silver the best investment during tough and uncertain economic times. Silver will stand tall during times of crisis. To learn more about the top silver IRA companies, please visit our review page today.
Reason #2: Silver Is the Most Useful Currency during Emergency Situations
You might not realize it, but a total economic collapse isn’t beyond the realm of possibility. So it’s important to possess gold and silver in case the worst were ever to happen.
But you shouldn’t expect to spend gold coins during uncertain economic times. On the contrary, you should keep it stored in a safe place for the future. At the same time, you’ll need to purchase goods and services to survive and thrive during the fall.
Silver is the perfect currency to have on hand. You can easily keep silver coins in your pocket and use it as money to carry around with you. Because having valued currency will be more important than ever during times of a complete economic meltdown.
You and your loved ones will need to buy items quickly if a total economic collapse took place. You can use your silver to purchase important lifesaving items including:
- a first aid kit
- antibiotics and other medicine
- supplies to make a fire
- cleaning components like baking soda and vinegar
- food for you and your family
- clean water and other beverages to drink
- duct tape
- flashlights and other light producing instruments
- knives, razors, and other sharp cutting objects
- gardening supplies and seeds
- drinks including alcohol, tea, and coffee
- tobacco
- weapons including firearms, knives, and swords
Even more important to think about is the value. Gold is incredibly valuable. Much more so than silver. So if you purchased multiples of every item on the list above, it would still be worth less than a single gold coin.
Do you think traders and others selling goods and services will have exact change in an apocalypse? It’s highly unlikely during a difficult financial struggle like the one we’ve proposed.
Get started investing in a silver IRA today. Look over our list of the top silver IRA brokers and choose the company best suited to meet your needs.
Reason #3: Silver Market Volatility Is on Your Side
People make big money during volatile markets. In fact, it’s the only way to gain big value relatively fast. The silver market is incredibly volatile right now, and the bigger surges can create bigger advances in wealth.
Why is silver such a volatile commodity? Silver IRA investors know that the market is much smaller than the gold market. So the swings in silver prices can be a lot more explosive and move much quicker since the market is tiny in comparison.
Why is market volatility a good thing? It’s great because the smaller, more volatile market will experience bigger price surges and larger declines. You need larger declines to get in at lower prices. Don’t be afraid of silver temporarily losing value. Think about it as the commodity going on sale.
Guess what? Once the blip in price is over, it’s going to quickly regain its value and then some. This is especially true when economic panic is taking place. And if you haven’t been paying attention, there’s lots of economic uncertainty going on in the world today.
Investing in silver is different than investing in other precious metals. You should look at this investment for the long-term for the following reasons:
- Fiat currencies will eventually become worthless because of inflation.
- The volatile silver market means incredible investing opportunities will present themselves soon.
- Silver prices can quickly skyrocket overnight. Wise investors realize that buying and holding silver is the best choice for long-term financial economic gains.
- The silver price is low enough that it’s incredibly affordable still. At the time of this writing, the silver spot price per ounce is only $17.63. Investors from every economic background can easily afford to make silver IRA investments.
Bottom Line
Clearly, silver is a valuable precious metal that everyone should invest in. It’s poised to gain value during tough economic times. It’s also inexpensive enough to use to pay for everyday goods and services.
Are you convinced enough to see the value in this commodity. Or are you still wondering, “Is silver a safe investment?” If so, consider opening a silver IRA as soon as possible. Read our reviews of the top silver IRA custodians online. Use this information to make an informed decision when choosing the perfect silver company to meet your needs.
Surprisingly, I never knew silver could have so many benefits, I have always given better rating to gold than silver. However, the need to be very versatile with one’s means of investing or source of income should be inculcated byy all. Having all your eggs in one basket should not be an option in this century and time at the rate the world is evolving . I look forward to having my one investments in precious metals as well. But first, I’ll like to learn more about it. Best regards .
Hello Benson! Yes, both gold and silver are good long term investments, especially during times of economic crisis. It’s best to diversify your portfolio as well, so you can choose between gold, silver, platinum and palladium when it comes to precious metals investing. It’s best to do so in a self-directed precious metals IRA for all the benefits that you can read for in the page in the link. Thank you for dropping by with your feedback, Benson!
Hey thanks for the information! I have been considering silver for a while. OF course, I’m only 29, so I don’t know much on how any of that works. Should one start off with an IRA, or buying silver and investing it into the bank themselves? And how much of an investment do you think someone my age should go with? I’m pretty risky my portfolio in stocks.
Hello Jessie! Yes, even at a young age I would highly consider investing in silver or precious metals through an IRA. The minimum deposit amount for cash is $5,000 with our best company Regal Assets, or $10,000 minimum for a rollover of a retirement account such as a traditional IRA or a Roth IRA. Experts say that it’s best to put 5-30 percent of your portfolio into precious metals. In my personal opinion, you can do even more. Thank you for the feedback and inquiries, Jessie!
If the world knew this, there wouldn’t be things like economic crisis, currency depreciation and the like. before the advent of capitalist, Gold and Silver were the global currency before the introduction of paper money. even some religious books talk about gold and silver as the legit medium of financial transactions, thanks for such a great article.
Hello Mugalu! I think you have a good point there but unfortunately the world governments don’t seem like they will be going back to the gold standard anytime soon. Yes indeed, even the Bible speaks of gold as a medium of currency from Genesis to Revelations. It’s definitely going to stick around. Thank you for the feedback and the encouraging comment, Mugalu!
Hello David,
Silver investing is a novel idea for me. So I learned a lot from this article. Silver IRA investing seems very promising because of it’s less unpredictability and how the value of silver keep on increasing but very affordable in today’s market. You have pointed out really good aspects of silver investing. I have always thought that gold investing is the best among precious metals investing. But as you have pointed out, silver investing seems like much more practical. 🙂
Hello Anjali! I’m glad that you learned a lot about silver IRA investing through my article. It’s even better to know that you’re interested in opening up a silver IRA as usual. I would say that investing in gold is good as well and it’s a good thing to have both gold and silver in your IRA (a precious metals IRA). Thank you for the feedback and the encouraging comment, Anjali!
I’ve read about this before. It’s surprising and yet it is not. It actually makes a lot of sense why it’s a good idea to invest in silver. Would silver jewelry also be a good investment? It could also be used, couldn’t it? While I still hope that the economy will improve and even more so, that the current exchange rate (I live in Mexico) and gasoline prices will lower, maybe I should start acquiring more silver. It will be nice little cushion to have.
Hello Christine! Thank you for the feedback and inquiry. Investing in silver jewelry is not the same as investing in physical silver through bullion and coins. With bullion and coins you are getting the exact spot price of silver, whereas with silver jewelry you are purchasing a manufactured product that has added value because of the gems and manufacturing costs. Those added items will not increase in value with the spot price of silver increasing in value. I would rather recommend investing in silver through bullion and coins. Otherwise, you can also consider buying used silver jewelry (like a pawn shop), and holding onto the silver only. That’s the best method I can think of. Thank you for the feedback and inquiries, Christine!
Gear post you have up here about silver IRA. I only know about gold IRA before but now that you have written here I am delighted that you have shared here because silver too seems to be of greater prospects too. I will check this out too after checking the gold out. Thumbs up
Hello Rodarrick! I’m glad you learned something new from my post! It’s always great to have you drop by with your encouraging comments! Thank you!
If we discount the apocalypse (let’s just hope this doesn’t happen – or do you really believe this is a realistic scenario?), how much return on investment can one realistically expect with silver? Let’s say over a duration of couple of years? And how does that compare to other investment types (gold, bonds stocks, crypto currencies)?
Hello Vasilij! We have an article that’s perfect for answering your questions. You can find it here. Keither Neumeyer of Majestic Silver says that silver can even go up to $130 an ounce. You can read his reasons for that in the article. Compared to other investment types, silver is a strong long-term investment like gold and cryptocurrency, but bonds and stocks are paper assets that will lose value because of the devaluation of the dollar. Thank you for dropping by with your feedback and inquiries!