Looking for an investment strategy that’s on everyone’s radar right now, and rapidly gaining in value? That investment strategy, in today’s economy, is silver. While gold and other precious metals have begun to dip over the early months of 2011, silver continues to rise in value. In decades past, silver has been considered a fickle commodity. In today’s new market, however, it has been proven to be reliable and fast yielding as an investment strategy.
If you’re considering a start in investment commodities, turning to Monex as a silver coin dealer is a great first step. As silver is cheaper by the ounce than other precious metals, it allows new investors to break into the precious metals market (while still providing an excellent profit potential to well-versed investment moguls).
With a Monex silver coin dealer, there are a variety of different coin types that you can invest in, ranging from US-minted collector coins to ones produced at international mints, and returning to the US side for coin bags of pre-circulated face value coins with silver content. There are three varieties of silver collectors’ coins. The first is the American Eagle, notable for its bold, patriotic imagery (the Statue of Liberty adorns one side, while a bald eagle clutching a shield is featured on the reverse). The second is the Canadian Maple Leaf, which has the distinction of being the only coin minted in all four precious metals (gold, silver, platinum and palladium). The third option carried by every Monex silver coin dealer is the Vienna Philharmonic, produced in Austria’s eight-hundred year old mint.
In addition to collector coins, silver offers a coin type not available to the other precious metals: that of pre-circulated face value coins. Up to 1965, dimes and quarters were produced using 90% pure silver. For five years after that, certain coins were still produced using 40% pure silver. This level of silver content pushes the worth of these coins far, far past their face value. As an added security, should the cost of silver ever plummet, they’ll still be worth their printed face value. When you shop with a Monex silver coin dealer, you can buy these coins in bags that total $1000 in face value.
Outside the realm of coins, silver can also be purchased in solid bar form. Coupled with all of the different coin options, this equates to silver being a versatile investment with plenty of choices to make.