There are a lot of people who get nervous when they think about investing in more traditional ways like stocks and 401(K)s. This is understandable—considering the recession that we’ve been navigating through for the better part of the past decade, you can see why people would be slow to trust traditional means of investing.
However, lately more people are trying out a different type of investing: silver coins. It might sound a little old-fashioned to have piles of silver sitting around your home, but research actually shows that the value of silver is increasing in our current economy, while the value of the dollar continues to depreciate.
You might think, “How much can one small silver coin really be worth?” While many silver coins only have a dollar face value, the actual price of the silver itself is worth far more. Many coins are worth double or more of their weight in silver.
People have long been involved with coin collecting for the sake of the hobby, but I’d never really thought about the financial benefits as well. We can’t really predict what will happen with the value of the dollar over the next couple decades.
Experts say that even though the prices of these types of coins are still rising, now is still a buyer’s market. So if you’re looking for an alternative type of investment, now would be the time to do your research.
What do you think about this? Have you heard of people investing for the future through silver?