Investing in precious metals has an annual ROI of about 3-4%. Since their value is intrinsic, they make a great hedge against riskier investments as well as inflation.
Bulk silver coins are one of the best ways to boost your asset portfolio with precious metals. Read on to learn how you can create a quality silver investment strategy.
Do Market Research
Before making any investment, it’s critical that you do some research and learn trends in that market. This will give you some insight into what kind of return you can expect. You can examine upswings over the years, general trends in market growth, and predictions made by economists and other experts.
Assessing facts and figures will help you make a more confident investment when buying silver. You’ll be more confident in your purchases and know how much to invest in silver coins.
Consider Junk Coins
The name “junk coins” may imply that they’re a worthless investment, but this couldn’t be further from the case. “Junk coins” get their name because they hold no value other than the intrinsic worth that the silver holds. They’re not usable as currency in the same way that dollar coins or silver nickels are.
However, the price of silver as a precious metal is on the rise. These junk coins are made from silver, and they hold that value forever regardless of inflation or economic downturn. You’ll always be able to sell them for the current market value of the silver they contain.
Junk coins are also an extremely inexpensive investment. They come in bulk quantities so you get the most bang for your buck.
Pick a Reputable Retailer
It’s critical that you choose a reputable retailer when making a precious metals investment. Many independent sellers will try to scam you into buying coins that don’t contain any silver content. Other enterprises with no established reputation may also try to pass off less valuable metals as silver.
If you plan to buy online, work only with a reliable company that has good reviews like OnlyGold. Ask to see photos of what you’re buying and inspect them closely. Once you do that, you’ll know that you’re not falling prey to a scam.
Avoid Silver Investing Mistakes
Don’t try to chase the price of silver. Precious metals should always be long-term investments since they accrue value over time.
Going for short-term profits is a poor strategy because of short-term volatility. It’ll swing upward over the course of a few years, but there’s no telling how the market will look a month from now. You’ll need to overcome those dips and swings to ensure you get more money in the future.
Make sure you don’t buy silver with too high of a numismatic upsell, either. Some retailers will try to get you to buy rare coins for an exorbitant price rather than normal bullion ones that sell at a reasonable rate. This is only reasonable for collectors, not investors – you’re concerned with the silver content, not the collectible value.
Buy Bulk Silver Coins Today
Now that you have an investment plan for buying bulk silver coins, it’s time to grow your portfolio. OnlyGold is committed to helping you choose high-quality precious metals that will ultimately pay off. Shop our silver specials to start buying silver the right way.