Silver 1 Ounce Round coins are a hedge against inflation.
Silver 1 ounce round coins are arguably the most cost-effective way to get into collecting precious metals. So what are precious metals? Typically when people think of precious metals, they will immediately think of gold, silver and platinum. This is for good reason. For a long time our entire nations currency was backed by physical gold. For this reason, Gold is often viewed as the most prestigious of precious metals to collect. But there are downsides to gold, and upsides to silver, especially for beginners.
Gold vs Silver Vs Platinum
Gold is typically the most expensive of the three. Platinum follows next, then silver. Silver is often viewed as the entry into precious metals collection. It costs MUCH less per ounce, and is easier to barter. Silver 1 ounce Round coins are a cost effective way to trade for goods. Consider that at the time of writing this page, gold is nearly $2000 per ounce and silver is about $28 per ounce. Which would you rather use to get milk, eggs, and maybe some firewood? Probably the Silver.
Silver is more easily broken down into smaller, more tangible quantities.
Because of this fact, we wanted to do our part to introduce our customers to the world of silver. We view precious metals in a different lens. Some people buy them to try to make money over time, our objective is to take our cash now, put it into something physical, and hopefully that physical asset increases in value faster than inflation. This has been historically the case for precious metals. This is why we don’t plan to sell our personal precious metals and we don’t look at them as “investments” in the typical sense.
What are the risks?
Every investment is a risk. But how much money do we waste daily/weekly/monthly/yearly? How much money is that daily cup of overpriced coffee costing us? This is all about personal priorities. If you don’t want to buy precious metals, don’t! If you do, we’d just suggest that you have a realistic approach. Don’t expect to “make money”. Could you? Yeah, it’s possible. But what is more likely is that your cash is just hedged against inflation. Could you lose money? Yes. If silver prices drop and you decide to sell, you will lose money. It’s for this reason that we recommend you dig into our content and content of others before just jumping on some precious metals purchases.