Wednesday, August 12, 2009

Using Silver to Protect Against Inflation



Silver is the common investor's gold. Unlike gold, it is cheap and available, but like gold, silver bullion is a great option for any investor. As the U.S. Dollar continues to face pressure from mass printing and scared investors, silver continues to grow as an inflation protector.

Inflation is the investors enemy and protector against is critical. Silver bullion is a great option for doing this. It has tangible value, it is easily purchased and relatively cheap. So start planning silver investing now.

Seek reliable, trustworthy dealer. There are many options for silver dealers around the nation and likely one near you. If not, do an Internet search and research the dealers found on Google. Talk to them about investment ideas and concerns over
inflation.

Take a percentage of money used for investing and funnel it into silver. Many financial gurus are now saying up to 20 percent of a portfolio should be in silver or gold.

Sit down with a financial adviser, educated in the commodity trade. This can be a challenge as many advisers will push towards the stock market, but in these troubled times, paper can become worthless overnight.

Start with the American Silver Eagle. It is a great looking coin and holds value well, making it a great starting point.

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