During times of prosperity, it’s really difficult to listen to doomsday warnings. These messengers often tell us life is about to get uncomfortable really soon. And every year, various talking heads and financial pundits tell us the sky is falling.
Although many of these predictions fail to hit their mark, it’s important to prepare for the worst regardless. Whether the financial prophets get it wrong is almost irrelevant. What’s important is to know that predictions may fail, but preparation is the key to leading a successful financial life.
The Truth about Investing in Silver
Case in point: buying silver as an investment. Is it absolutely necessary? Or is it a waste of time and resources?
Believe it or not, silver is the one currency that will survive during times of imminent crisis. Why? Gold isn’t the answer. Paper currency would become worthless in this scenario. And Bitcoin won’t possess much value in a crisis situation.
Silver might not be as valuable as gold from a historical standpoint, but it’s much easier to use in a crisis scenario. Gold coins are worth $1500+ at the moment. It’s so valuable that you’ll have a hard time finding someone to accept it for goods and services.
On the other hand, a 1 ounce silver coin is worth about $20 bucks right now. You can easily use them to trade for goods and services if things go terribly wrong.
Rising consumer debt, rising corporate debt, the US national debt, and a lack of cash all point to trouble. In fact, they point to the inevitable crash that has to eventually happen.
You are undoubtedly ready to prepare for the inevitable. But you want to know what is the best way to buy silver. In our opinion, the best way is to open a silver IRA. Investing this way means you can take advantage of tax benefits and grow your silver holdings even faster.
Before we get into the best way to buy silver, we’ll touch on the reason to invest in precious metals, the real value of silver, and other important topics.
4 Reasons to Invest in Silver to Prepare for a Crisis
It’s nearly impossible to pinpoint the exact moment a financial collapse or meltdown will begin. But we can certainly recognize the signs of destabilization and severe devaluation of a currency like the US dollar. And those signs are more prominent than ever these days.
Investing in a silver IRA is necessary for these critical reasons:
- Corporate debt is out of control. Because interest rates have remained historically low for the past decade, corporate debt has grown by massive amounts. Most companies have wasted the money they’ve borrowed and added needless debt to their balance sheets. They used it to provide large executive bonuses, massive compensation packages, and stock buybacks. A day of reckoning is approaching that will rock the corporate world when it finally comes crashing down.
- Consumer debt is on an upward trajectory. This means that average people like you and me are borrowing more and more money once again. We apparently didn’t learn our lesson from the housing and financial collapse in 2008. In fact, household debt and student loan debt have reached outrageous levels. And it doesn’t seem like the borrowing will stop anytime soon. But we can’t continue borrowing money forever. It has to stop eventually. Most likely, it will stop when the US economy collapses because it can no longer sustain this huge debt burden.
- Dark financial trends are reminiscent of other times of collapse. In particular, the S&P 500 is valued at 60% higher than it’s currently worth. The only times the S&P had a higher value was in 2007, 2000, and 1929. Do those dates sound familiar? They should, because they’re the years that we experienced great depressions, major recessions, and financial upheaval.
- Big investors are backing out of the stock market. Warren Buffett and his holding company Berkshire Hathaway aren’t as keen on stocks as they once were. In fact, they’ve sold 97% of their position in Kraft Foods and 96% of their position in Johnson & Johnson. Investors like Buffett only sell stocks and move toward cash when the market is poised to crash. John Paulson and George Soros are also sellers in this volatile environment.
How a Struggling Economy Translates into Investing in a Silver IRA
If you haven’t figured it out by now, times of economic uncertainty lead to a devalued US dollar. They also lead to massive inflation. And just as bad, small businesses fail, big companies close down, and it becomes incredibly difficult to earn a living.
With massive layoffs and a devalued US dollar, it becomes nearly impossible to support your family. On the other hand, if you’ve invested in a silver IRA you can retain all of your value and financial worth. In fact, your paper money will ultimately become useless. Your silver money will become more valuable than ever because it will become the only accepted currency during difficult times.
Throughout history, silver is just as valuable as gold even though it’s worth a lot less. It’s maintained its value for thousands of years and independents and merchants find this currency perfectly acceptable. A wide range of sellers will accept it because it’s easier to take as payment as opposed to gold.
Safety is also a major issue in a doomsday scenario. Carrying around gold coins means you become a much greater target for ruffians and highwaymen and ne’er-do-wells. With silver you might still get mugged, but if someone steals five silver pieces you’ll only lose $100. If someone stole five gold coins from you you’d lose nearly $7500. Do you see the difference?
No one can predict when a doomsday scenario will happen. But you should prepare for one just in case. All signs point to big trouble ahead. Contact Regal Assets to get a free investor’s kit and learn how to open a silver IRA today.
Withstanding the Test of Time: 3000+ Years of Silver History
As you have undoubtedly surmised, silver has a long and storied history. In fact, it’s existed as a primary monetary metal for more than 3000 years. Believe it or not, silver has been in use as money even longer than gold. Actually, in many languages the word silver is synonymous with money.
Silver is historically reliable and it’s the perfect metal to preserve your wealth during tough economic times. Fiat currencies become worth much less as inflation rises. Silver, on the other hand, will not only maintain its current worth, it will also rise in value.
Buying silver now before things get tough is ideal. It means the value of your silver will grow and you’ll have more coins to spend when you need them the most. This is the perfect way to preserve your wealth and continue leading a good life.
Other people who remain unprepared will find it difficult to survive and thrive, but not you. Because you took the time to prepare for the worst case scenario. And it will pay huge dividends over the long run.
The Industrial Uses of Silver (Hint: It’s Way More Useful than Gold)
Even if the US economy doesn’t struggle and the inevitable massive inflation never hits, silver is still a great investment. Guess what? It has so many industrial uses that it will continue to rise in value no matter what happens.
Companies all around the world continue to mine for silver because it’s used in so many of today’s necessary products. The biggest businesses in the world need silver, keep buying it, and increase its value because of the huge demand.
Whether you know it or not, silver is important because it has many essential industrial uses. It’s an invaluable thing to own in good times and bad. It can be used in the following ways:
- solar energy
- medical instruments
- batteries
- glassmaking
- electrical wiring
- microchips
- medicine
- semiconductors
- food packaging and preservation
- water purification
- plastics
- nuclear reactors
Clearly, silver is a useful commodity in good times and bad. But it becomes even more valuable in bad times. They didn’t categorize silver as a precious metal by accident. Remember that.
In a Nutshell: The Best Way to Buy Silver (It’s Easier than You Think)
As of now, the best way to buy silver is to purchase bullion for your retirement account. A silver IRA is perfect for one major reason. It allows you to grow your account value while benefiting from certain tax benefits provided by the IRS.
Opening a silver IRA is a lot easier than you think. We recommend choosing a precious metals broker with an excellent track record, previous happy customers, and years of experience. Our #1 recommendation is a company named Regal Assets. They’ve helped thousands of customers over the last decade and they can help you too.
Visit Regal Assets’ website without further delay. Sign up to receive their free investor’s kit and click the green “Open Account” button in the upper right corner. When you do, you can begin the account creation process and get started investing in silver right away.
Thank you so much for the awesome post! I really enjoyed reading this because it deals with something I may want to do to make sure I have a bright future, as well as my children. I was a little confused at first about why you prefer silver over gold, but it actually makes a lot of sense. In though financial times people just won’t have the resources.
Hello Jessie! Silver does have more practical uses than gold does and it costs a lot less per ounce so it’s much more portable but gold is also a great investment to make. There’s a lot of information on my website about the value of investing in a physical gold IRA as well. I’m glad you enjoyed my article! Thank you for the compliment and the feedback!
Hi David,
Really interesting article, I must admit I haven’t considered investing in solver before. I am however a believer that at some stage their may way be another and larger than seen before global financial crisis.
I can see the logic behind investing in silver in case of this eventuality, I’m UK based do you know if using Regal Assets is an option available to me?
Hello Nate! Unfortunately, Regal Assets is only for US residents and residents of Dubai at this time. However, they do have gold SIPP’s in the UK that work the same as a gold IRA in the US. Thank you for the compliments!
Hey David, Thank you for writing on What is the Best Way to Buy Silver? I learn a lot while reading your post . 4 Reasons to Invest in Silver to Prepare for a Crisis. Safety is also a major issue in a doomsday scenario. Carrying around gold coins means you become a much greater target for ruffians and highwaymen and ne’er-do-wells. I learn the best way to buy silver via your post.
Hi Parveen and thank you for the compliments and feedback!
In 2008 I didn’t suffer too much because I was still active. But now if a crisis comes again, I’m pretty much discovered. Thanks for posting and for the fact that you drew attention to silver. So far I have not paid much attention. I honestly say I didn’t like it (like jewelry). It seems, however, that silver can be a better currency than gold.
Hello Carmen! Both silver and gold are good forms of investments, but silver does have more practical uses. Thank you for the feedback!
The thought of looking for lots of money to invest into gold IRA has been a burden on my mind. Thankfully that you gave shared all these details here because I am so sure now that I can actually get as much as I can with this right now. Thank you for sharing this silver IRA. I will make my findings right away. Thanks for this eye opener
Hello Rodarrick! I’m glad that you found my post helpful and an eye opener. Thank you for the compliments and it’s always a pleasure to hear from you!
With some uncertainty in the world currently it’s as good a time as any to take a close look at buying silver, and finding the best place to do so can be challenging. Very interesting and great point about gold vs. silver especially in a crisis situation. Debt is indeed out of control, and it’s probably not the consumer’s fault in most cases, as inflation has skyrocketed while wages have been stagnant. Raising the minimum wage does not help either, as companies will be reluctant to do business in these areas, which defeats the purpose entirely. Indeed we are in trying times, and thanks to your post here I have been informed of Regal Assets, which I will definitely check out through your link here. Great post and fingers crossed!
Hello Pentrental! I’m glad you found my post informative and helpful. Yes, you should definitely check out Regal Assets as they are the best company for precious metals IRA investments. Thank you for dropping by with your feedback!
Hi David
It is good to know that silver has as much value as gold and probably has more uses. You are right that silver is a viable option in terms of investment, as it will never total lose its value. A product that has uses when the world is on recession, will have more value than those who are hardly used at all. Silver can indeed be seen as a safe option than investing in markets. You can make a lot of money if you buy silver when it is at its lowest and sale when it is at the highest.
You said in your article that there is a possibility of the financial markets taking a hit. Do you see this happening and if so, do you think it will happen soon.
Thanks
Antonio
Hello Antonio! Precious metals tend to rise in value during crisis times and stocks and the financial markets tend not to do so well and with all the world events going on today it may not be a long time in the future when the markets take a major hit, or at least that’s what all the world events seem to lean towards such as the trade wars and the tension with the Middle East. Thank you for the compliments and the inquiries, Antonio!
This blog post on the best way to buy silver is making me think of adjusting my current investment portfolio. I am convinced that the next economic recession is around the corner. I am now 56, and I have a conservative investment portfolio known as Golden Butterfly, which consists of an allocation of 40% Stocks, 40% Bonds, and 20% Gold.
After reading your article, I am seriously considering changing the 20% gold allocation to 10% gold and 10% silver. I think this will further diversify my portfolio and lower the overall risk.
Thanks for the information.
Hello Jose! Thank you for sharing your experience with your investment portfolio and especially for sharing the information about your investments in precious metals. In my personal opinion, I would keep the 20% share in gold and rather add another 20% in silver and take off some stocks and bonds. However, your current suggestion is also a good option. Diversification in your portfolio is the key. Thank you for dropping by with your feedback and testimony!
Hello David. Thank you for sharing this post in order to show the best way to buy silver. I am really impressed at the way you analysed the value of gold and that of silver and the best in the time of crisis. I totally agree with your stand and point of view considering silver history, price, usefulness etc. Silver definitely stands out even though gold is far expensive.
Thanks for recommending your favourite Silver IRA, Regal Assets.
Kind regards!
Hello MrBiizy! Gold and silver are both good investments to make, but yes gold is far more expensive and definitely a bigger risk to carry around than silver is. Thank you for the feedback and compliments! Kind regards to you as well!