I have a liking for silver as it costs much less as compared to the gold and possesses a greater potential to afford me the higher returns in comparison to the gold. The nice thing here is that markets for both of these are correlated positively. In many instances, where prices of the gold have even doubled, the prices of silver have tripled and in many cases have completely outperformed the gold by five to one factor.
Since older days, silver has always been considered as a type of money and as a sort of wealth which can be stored. With current uncertainty in the global economic markets, the value of silver along with the gold as a precious metal is increasing rapidly.
Quite unlike gold which has less application in the industries, precious silver has immense applications in the industry so the demand of silver will increase rapidly in the coming years.
1 Investing in Silver ETFs
At this moment silver is being sold at per ounce. The expert are now predicting that the price of silver will jump to an ounce very soon. There is a booming demand of the silver Exchange Traded Funds.
A large number of silver ETFs have been planned and launched in the Australia and USA. iShares Silver Trust is the worlds biggest silver ETF. Instead of owning the silver physically, you can purchase it in security form on many large stock exchanges in the world.
2 Investing in Silver Bullions
This is very simple and straight procedure to own the silver. Here silver in sold in the coins or bar forms. So you will have physical silver in your hands. You might have to consider a safety deposit box or somewhere safe to store them as well.
3 Investing in Silver Related Stocks
This is most indirect form of investments in the silver as few companies which have mines also have mines of other metals which can affect the prices of the stocks of the company. However making investments in these companies shares can afford you good capital gains.
So whichever form of silver investment you finalize, you must remember that last bull run in silver and gold lasted a full decade in early 70s and came to end in mid 80s.The smart investors who invested in silver and gold then earned millions in windfall.
This time around again silver is going to make a grand comeback. So this is a great time to make investment in silver.