Maximizing Your Investment: How to Buy Silver Bullion Online and Save
Investing in precious metals is a brilliant way to diversify your portfolio and ensure high long-term returns at a relatively low risk. And what better metal to begin with than silver!
Why Buy Silver Bullion Online?
There are many advantages of buying silver bullion online like silver dollar proof coins to diversify your precious metals investment portfolio.
- Access to worldwide mints and manufacturers- When you buy silver bullion online, instead of running from storefronts to storefronts offline, you enter the world of limitless selection of a wide range of products, including various forms of bullion, coins, bars, and rare collectibles directly from mints worldwide. Besides, due to the convenience of the internet, you can find standardized and centralized knowledge bases that are reliant sources of information, as opposed to the word of mouth of a shop owner with ulterior motives.
- Competitive and transparent pricing and offers- Following from the above point, this centralizing and transparent factor of the internet further allows you double check and verify the standard price points at which a certain coin or bar, of certain traits like weightage, purity, etc., are listed. This ensures that you do not end up paying more for the same product, or worse, for counterfeits bought from unverified sellers.
- Secure storage and delivery of quality products- This brings us to the last and perhaps the biggest point in favor of buying silver bullion online is the verifiability of online sellers. Online research allows you to deep-dive into the websites, the customer testimonials, the products and their price points, the variety of partners and collaborators, etc. of the online seller you are buying from. Thus, you can rest assured that the storage, deliverability and quality of products that they claim to offer hold true.
So, how to buy silver bullion online? It is a simple answer involving two short and clean steps. The first one is thorough research. And the second one is to figure out the dealer you want to communicate with. More on that in the last section of this blog.
For now, we will elaborate on the first step and break it down in uncomplicated words which really demystifies the process of investing in precious metals. First, we will give a quick rundown of investing in ETFs or Exchange Traded Funds as compared to physical silver.
In the following section, we will explain the difference between uncirculated and proof coins to you, confusing terms you are bound to come across in your quest for investment information online.
So, read on.
Physical Silver vs. Silver ETFs:
When people think about investing in physical assets like gold or silver, they usually go for ETFs or Exchange Traded Funds as they are better known.
According to Wikipedia, an exchange-traded fund is a type of investment fund that is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars, dividing the ownership of itself into shares that are held by shareholders.
On the other hand, investing in precious metals like buying silver bars and coins, allows you to retain full ownership over your assets and watch their values grow over time and add to your total worth of investments.
Not only that, investing in physical silver coins works as a brilliant hedge against inflation and market forces that can be affected by aa host of factors ranging from geopolitical instability to the post-pandemic inflationary economic upheavals.
But the paramount argument in favour of investing in physical silver like buying silver bars from the US mint or buying silver coins from the US mint is that it is a store of value, just like other precious metals like gold.
A quick scan through history shows that silver has often been used in coinage and has served as money for thousands of years. As a matter of fact, the best-selling author Mike Maloney says, “…silver have revalued themselves throughout the centuries and called on fiat paper to account for itself.”
Silver Uncirculated vs. Proof Coins:
The next step in buying silver coins online is distinguishing between investing in silver uncirculated coins and silver dollar proof coins. The US Mint recognizes a silver dollar proof coin as “a specially made coin distinguished by sharpness of detail, usually with a brilliant mirror-like surface.”
There are different steps in the manufacturing process involved by the mints which result in two different products- uncirculated and proof- like strikes, dye treatments, coining force, cleaning method, packaging, etc. These are contributing factors in determining their appearance and value.
But do not let that hold you back from investing in the coin right for you. Remember, your investment goals should direct your choice of coin. For example, invest in silver dollar proof coins if you have a long-term investment goal as these are rare coins which take time to be manufactured and are more stable than raw, uncirculated coins in terms of value growth in the numismatic market.
On the other hand, if you have a smaller principal amount available to you as sum for your investment, going for uncirculated coins would be a good bet, as you can quickly make small profits from them which you can accrue to increase your initial investment amount for a long-term investment plan.
Where to Buy Silver Bullion Online?
We at Wall Street Metals are experienced precious metals dealers who are passionate about helping you diversify your investment portfolio and more specifically your precious metals investments. We started our journey to fill in a crucial gap we observed in the market.
For years, we saw honest people like yourselves getting ripped off by insurance, trading and investment fund companies in the name of commissions, hidden charges, opaque pricing strategies and policies and what not! Your hard-earned money is not supposed to be used by corporations to increase their profits.
So, we are here to help you individually to invest and grow your money sustainably over the course of time, unlike shabby get-rich-quick schemes, so you do not lose out on mindless cents on your dollars! Our rich network, earned through trust and hard work over decades, enables us to collaborate with mints across the world.
From collector classics to your regular investment Joes, we bring you precious metal coins and bars from mints like the US, Canada, Britain, Perth, etc. so you have a wide variety of options to choose from.
Disclaimer: All Market Updates are provided as a third-party analysis and do not necessarily reflect the explicit views of Wall Street Metals and should not be construed as financial advice.
