Buying Silver To Protect Yourself From Inflation

By Author: Sami Kohen
Total Articles: 4
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With the effects of the Recession still wearing off and the instability of the Dollar still a matter of grave concern, one would not be faulted to wonder if there truly is a commodity that can withstand an unstable market. The real estate market has been a secure investment for a long time but recently everyone has had to grapple with the mortgage issues that contributed to the recession and also the fact that the real estate taxes have currently been steadily rising. Two options have surpassed the test of time to remain viable investment options - buying silver or gold.
I can see the doubt you have especially with gold. Gold is expensive and not accessible to all and sundry. Currently gold fetches around $1250 per ounce i.e. per 28.349 grams. On the other hand buying silver will cost you around $19 for the same quantity. It is therefore clear that almost anybody can start investing in silver. The most typical way of doing this is to buy silver bullion bars or coins.

You may be concerned about obtaining a market for resale silver but buying silver is very viable ...
... as silver has more industrial applications than gold and currently its supply is dwindling. The cost of buying silver has grown by over 400% since the year 2000 and the prices do not seem to be falling anytime soon. With the emergence of the industrial revolution in China and India, who are buying the metal in vast quantities, the cost of buying silver and other metals is set to continue rising as supply of the same dwindles.

The US government has continued to mint out more and more money despite of accruing annual deficits. This move is devaluing the Dollar and many financial analysts foresee a hyperinflation of the US economy soon. From the look of things buying silver or investing in stocks is safer than having cash that continues to lose value.

You may now ask what you need to know before you buy silver bullion bars. Silver is bought per the Troy ounce. The ratio of the Troy ounce to the pound is 12:1. As stated earlier you can either buy silver bullion bars or coins. The one thing you must ensure is that the silver piece/s you buy is 0.999 fine. This is the standard for investment-grade silver.

There are many sources from where you can buy silver bullion bars or coins. The key point here is to be safe and discrete; you do not want to start a spate of robberies at your home or endangering the lives of your loved ones. A secure and renowned source is www.straightsilver.com. They have 30 years experience dealing in 0.999 fine silver and shipping it internationally to many countries. Your information and details are safe with them plus you get to buy silver bullion at very competitive prices.

Blog url:-
http://wwwstraightsilver.blogspot.com/

For more information about buying silver please move on http://www.straightsilver.com/