More Ways to Invest in Silver

Click here to purchase silver, gold and platinum coins and bullion with FREE SHIPPING!

One great source of investment which has inspired people for many centuries is silver. Mankind has been using coins made of gold and silver from time immemorial. When compared to precious metals like gold and precious stones like diamond the price of silver is considerably less. But there is a steady increase in the prices of silver objects, coins and bullions in the last decade. Silver has become an affordable investment for many people who do not have enough money to invest in gold.

The sharp increase in prices of silver has grabbed many people’s interest. So many people are coming forward to invest in silver nowadays realizing the abundant opportunities available in this field. People invest in silver in many unique ways. Here are some alternate ways of silver investments followed throughout the world. In US the price of silver can be paid and traded in the form of silver options and silver futures through various exchanges like Commodity Exchange (COMEX) and New York Mercantile Exchange (NYMEX). There is no necessity to involve physical silver at all.

The investor just has to pay for silver units and obtain the documents from exchange stating they have bought certain amount of silver. There is no physical silver given to the buyer, but just paper proof that they own it. This can be traded anytime for cash in the respective exchange itself. There is no fear of theft, insurance issues or storage issues as there is no physical silver.

The price of silver is valued based on its purity. So it is a common practice to buy pure silver bullions and silver coins all over the world. In Switzerland and few other countries silver account can be started in banks just like normal accounts. Silver deposits and withdrawal are common in many major Swiss Banks. Prices of silver are paid in counters and silver is purchased and traded in bank counters there. Gold can be exchanged for silver through some exchanges like GoldMoney and BullionVault. You can get silver for the value of gold given to the exchange.

Up until late 60's silver certificates were in use in US. This practice started in the beginning of 19th century when paper dollars came into use widely. People paid money to get these certificates, which could be transformed to silver dollars any time they want. Silver investing is much diversified now with options to invest in Spread betting, Contract for difference (CFD) and ETF's.

Looking for a precious metals provider that sells silver, gold and platinum coins and bullion? Click here to visit our favorite provider (FREE SHIPPING!).

References
http://ounceofgold.net/what-is-an-ounce-of-gold-worth/

http://priceofplatinum.org/current-price-of-platinum-per-ounce/