Buying Silver

Let's face it, the economy is struggling and the dollar has been staggered, times are difficult. So what does this mean for the common gold investor? It means that gold and silver are becoming even more critical.

So many people still see gold and silver as an oddity, an option that should be left for graduation presents or baby gifts, but this is simply wrong. This false perception of gold and silver has been driven into the minds of the Americans for one purpose, Keynsian economics. FDR understood that for Keynesian economics to succeed people had to be taken off gold and silver, allowing the government the ability to control the value of the dollar.

Now seventy plus years later, that process has been completed at least for the masses. But what many fail to realize is the wealthy continue to invest and compile gold and silver. Savvy investors use gold and silver bullion to protect against inflation and they understand both will always hold a tangible value. The price will not controlled by printing presses and interest rates.

Back to the topic, buying silver bullion. Silver is the perfect hedge for the common investor.

Silver bullion is cheap, compared to gold and therefore can be easily massed. The spot price of silver has been around $12-15 for an ounce. This allows for most people to pick up large amounts of silver for a decent price.

Silver, if an economic crisis hits can easily be turned into goods. With a lower value, silver coins could purchase groceries, shoes and clothing. Unlike gold, silver's value translate into everyday use, making it a practical metal.

Finding silver to purchase is simple. There are so many forms that silver fits any investor's needs, including coins and bars. Most coins are one ounce and bars normally come in 5 and 10 troy ounces.

After deciding on what type of silver to purchase, find a respected dealer. This really isn't hard as many places, including banks deal in silver, especially the American Silver Eagle. Do a little research and test the dealer with a small purchase, testing their customer service and quality of the silver.