We are in an economic crisis right now. The employment rate, while slightly looking up, is still very low. Home foreclosure rates are really high. The rate of inflation is also increasing, while at the same time the value of the dollar is greatly depreciating. In times like these, when the value of your paper money is falling sharply, it is wise to invest in “hard money” such as gold and silver, which have increased in value, having reached an all-time high. These investments can act as an additional source of wealth. It is very important in times of widespread instability to have alternative sources of income, which can act as backup, for your financial security and peace of mind. For these and other reasons, it would be financially prudent to buy silver eagle coins.
It is better to buy silver eagle coins rather than gold or other investments for various reasons. For one, silver is likely to outperform gold and other investments. This is because silver has several different functions. It acts as money, but it also has value as a precious metal as well as an industrial metal. As a precious metal, silver has always produced a greater percentage increase than gold in precious metals bull markets. Silver also has more industrial uses than gold, so there is more demand for silver than there is gold. This has led to a dramatic drop in the above ground supply of silver. Therefore, the price of silver will have to go up to meet the increase in demand. Silver is very affordable. Many people don’t have $1200 in cash available to buy an ounce of gold, however for around $20 anyone can become a silver investor buy buying an American Silver Eagle.
Because investments in silver are likely to outperform that of gold, it would be a wise decision to buy silver eagle coins over gold. It is also important to buy silver cheap because that way the profit margin will be higher when you decide to sell it. A good way to do this is to buy silver in small quantities. A convenient place to make such an investment is through the internet. There are many sites on the internet that fulfill such a purpose.