There are plenty of tricks for building a nest egg and stocking up on silver bullion is only one of them. Even when the Dow crashes and burns, precious metals have always proved to be a smart investment. Silver and gold have demonstrated that not only do they retain value, but also the precious metals can become more valuable over time! So in addition to implementing savings tricks like stuffing $5 bills in a jar and putting a credit card on ice, diversifying an investment portfolio to include silver bullion can be part of an overall savings strategy.
What is Silver Bullion
Before any dazzling piece of jewelry is crafted or any coin is minted, the precious metal used is delivered in bulk form and when it comes to precious metal such as silver, bullion is the preferred cast. By choosing to purchase silver bullion for investment purposes, consumers have the ability to buy silver in its' least expense form. The fact is ornamentation and detail add additional cost to any silver coin or jewelry item.
Unlike the various wares comprised of silver, silver bullion must legally contain .999 fine silver and be properly stamped with a hallmark indicating both weight and purity. The ingots are available directly to consumers in quantities ranging between one and 1,000 ounces. Despite the large variety of options, the majority of silver bullion sold is 10-ounce and 100-ounce bars.
What Makes Silver Valuable
Before committing to a silver bullion investment, individuals should know what makes silver a valuable asset. Aside from being a precious metal with a limited supply (courtesy of Mother Earth and the silver extraction processes) silver is a chemical element essential to manufacturing, controlled chemical reactions and countless consumer product industries; wind instrument, electrical conductor, mirror and silver-coated glass manufactures always have a need for the precious metal. The natural limitation of the chemical and the basic chain of supply and demand is what establishes silver bullion as a hot commodity.
Silver Bullion Pricing History
Over multiple decades the silver price has fluctuated from as low as five dollars per ounce, to nearly $50 per ounce. Thanks to economic standards and the natural rate of inflation, individuals who decide to build a nest egg should include a couple of silver bullion bars into the mix. Aside from having value, it will be a forced savings alternative; once cash is invested in silver bullion, individuals will find it less tempting to take it out.