Silver is one of those precious metals that’s not only easy on the eyes but something you should have your hands on if we were ever to face difficult times. One day paper money may no longer hold any value, but silver will never be worthless. If you’re thinking about investing in silver in the near future, there are a few things that you need to consider. You certainly don’t want to get ripped off by the scammers who are out there. Let’s check out silver: what you need to know.
Silver: What You Need to Know
Several people have discovered that silver has a number of health benefits for you as well. This may be one of the reasons why our eating utensils were once made from metal. Here’s more on silver and everything else you need to know about it. In case you missed this post, Gold: What You Need to Know
Related Topic: Why You Should Stock Up on Precious Metals
Fun Facts About Silver
Ancient peoples first began mining and separating silver from lead as early as 3000 B.C in what is now modern-day Turkey. They fashioned it into their jewelry, ornaments, and eating utensils. Silver has been said to have antibacterial and germ-killing properties, which is why at one point it was used to make the silverware we use to eat.
- Pure silver is actually the best conductor of electricity, more than any other metal, but it’s not used as often for obvious reasons. It’s expensive.
- Once it’s been used, silver is not typically recycled as gold is. When electronics and TVs that have silver parts in them are used up, they usually find their way into landfills to be buried.
- In 1913, silver was traded for $2.64/oz. Years later in 1980, silver was inflated to its highest level of $49.45/oz. As of today, there’s been a major drop in trade value, at $24.22/oz. As far as the US Debt Clock is concerned, silver should be valued at around $599/oz at this point.
Health Benefits of Silver
As strange as this sounds, silver has a number of health benefits (and it’s safe for you to do so) when you consume it properly. No, I’m not telling you to sit down and start taking a bite out of a huge chunk of it, but you can take it in a supplement form. It provides your immune system with a boost by assisting it to keep you healthy. Please check with your medical professional to be sure any medications you are taking will work with structured silver.
Please keep in mind, I am not a doctor, or a nurse, or anyone in the medical field. Just to be clear, silver does not CURE any disease. I use it whenever I feel drained or I have been around sick people. I have used “My Doctor Suggests” for many years. The FDA has taken down its website. They are working on getting the company reopened. The FDA Halts My Doctor Suggests I LOVE LOVE LOVE their honey cough lozenges, I sure hope they start selling them again.
Doctors have discovered that applying silver directly to a wound helps to kill off any disease that’s causing the infection around the wound. It also allows skin tissue to grow back and repair itself more quickly. Silver may help soothe sinus infections and may help soothe the effects of the common cold or flu.
People that have used antibiotics too often in the past have come to discover that those diseases and infections they’re fighting have created an immunity to them. We need to be aware that some dairy products and animal products are loaded with antibiotics and hormones, and therefore possibly current antibiotics are not working with our bodies now like they used to. Please do your research, you must.
Knowing the Different Types of Silver
If you’ve already made up your mind and are thinking about investing in silver, you’ve already made a great decision, but you need to know what your best options are for investing. Here’s a look at a few different types of silver that you can get your hands on.
Silver Bullion Bars
Silver bullion bars are a cheaper way of investing in silver, which makes it a great option for those that are just starting out. Here’s an investor’s guide to purchasing silver bullion bars that make the most sense for you. Investors who purchase silver bullion bars don’t tend to collect them for too long, and eventually, sell them when the price of silver goes up.
If you’re first starting out you may not know the difference between silver coins and silver rounds. To clarify, silver rounds are the same as silver coins, where the only difference between them is that they are not legal tender. Silver rounds are made by private manufacturers instead of by the government, which makes them cheaper to get your hands on, and a greater value to you. Just keep in mind that shipping costs are one of the expenses that you should expect when investing in them.
Silver coins are a great way for you to get started investing, where certain coins out there are quite expensive, while others are much more affordable. Buying your silver this way is all about the craftsmanship and the detail. Check out which silver coins may be your best option to invest in.
Scrap silver may not be the way to go if you’re first starting out with investing, but it does hold great value. That’s because a novice may not know how much they are getting for the money that they’ve spent, while an expert could easily identify whether they’re a good deal or not. Scrap silver consists of silver coins and jewelry, but it’s important that you do your research before you purchase it, about what it’s worth in your area, and where it came from.
Junk silver is silver coinage (like quarters and dimes) that doesn’t hold any value other than the bullion value that it contains. It’s not seen as a highly collectible item, but its premium is rather low compared to most other silver bullions, making it still worth the investment. Junk silver is easy to get your hands-on and can be sold by the roll.
What Happens to Silver If the Dollar Collapses?
If at some point the U.S dollar were to one day collapse, the price and demand of silver would go through the roof. Our paper money would be useless, but silver would still hold even more value. The United States, along with every other country, would begin buying up the silver for their reserves in order to make newly minted coins.
This would also lead to the collapse of the Central Bank and countries would no longer trade with countries that used “fake money.” This may be closer on the horizon than what we might expect. The time to invest in silver may be right for you at this time. But first, research and research again.
Not only is silver one of those precious metals that are extremely valuable, but taking it in supplement form has many health benefits for you. Won’t you consider not only investing in silver but allowing it to improve your overall health as well?
Here are the “Ten Commandments” for purchasing silver and gold, along with other important information that may answer some of your other questions. If you’ve been investing in silver for some time now, do you have any tips or insight for the first-time investor? Be careful with your hard-earned money, research before you invest in ANYTHING. May God bless this world, Linda
Copyright Images: Silver Bars in Bank Vault Deposit photos_66715947_s-2019