Gold and
Silver Coin
Investing For Your Future
by D. L. Crane There is an
increasing interest in investing, and many
people are turning to the gold and silver coin investments. Coins have been confirmed to be the
safest way to invest in gold and silver. Like
any investment there will always be risks, but
now investing in this way may show to be more
valuable than investing in bars or bullion.
Over and above being one of the most collectible
and valuable of the precious metals, silver is a
necessary component in many everyday electronics
which will only serve to increase its value well
into the future. Because the price of gold keeps
rising, more typical investors are looking to
silver to vary their investment portfolios. The
technology sector continues to manufacture an
incredible volume of computers and cell phones
which require silver to function. A silver boom
is bound to happen that is going to pay off big
for the wise investors, those who start
investing their money in silver now while it is
still at a comparatively low price range. In the
past ten years, the metal has increased an
astonishing 300%. Due to this investors have
been paying more attention to this market.
For the last 30 years or so, it’s a recognized
fact that as the worth of the US dollar
declines, the price of gold increases. In our
economic climate it still makes good fiscal
sense to invest in gold coins. Remember we all
have read that gold is the investment of choice
right now. And gold coins are always an
outstanding asset. The last couple years gold
has held steady at or about 7-8 hundred dollars
an ounce but has fluctuated a lot between that
number and over 1000 dollars. If there is
another predicament it should go up to 1400
while holding steady at or above 1100. This
could push it up to 2000 dollars.
There is no equivalent risk. Gold and silver in
your custody is your ownership and reward. All
bank deposits and paper or electronic
transactions are nothing more than a promise to
give by someone else. Moreover possessing
precious metals is a good protection against
inflation.
For the most part there are three half dollar
coins that merit investing in. Since these half
dollars are made of 90% silver, these coins are
more sought-after by silver investors than
others. These are the Walking Liberty Half
Dollar, the 1964 dated Kennedy half dollar and
the Ben Franklin half dollar.
When silver and gold go up in price coins go up
too. If silver or gold go down the coins
continue to be valuable to collectors. If the
world economy suffers again, all coins should
escalate in value.
There are those who are worried about a dooms
day future – so there is only one medium of
exchange that is acceptable–gold and silver.
Because credit cards and paper money will be of
no value. Remember that the smaller
denominations – dimes, will be of more value
than the larger - quarters. 1 oz silver will be
used only for major purchases. Gold will buy
almost anything, even the 1/10 oz coins. It
seems like a great idea to have some silver
coins and also some gold coins on hand in safe
keeping. |