Are you looking for new opportunities to expand your portfolio and invest in assets that aren’t on the stock market? As speculation about a possible recession continues to brew, there is some hesitance among investors over the stock market.
Even as rapid inflation is showing signs of slowing down, it’s still taking a bite out of consumer spending power, and companies are beginning to see reductions in consumer spending. Combined with rising interest rates, which tend to restrict the money supply and hamper business growth, some analysts are predicting steep market crashes in the near future.
Alternative assets are a good option if you’re concerned about stocks. Physical silver is one such alternative, and unlike many other commodities, it’s very easy to buy and sell yourself.
Buying Silver: Bullion, Junk, and Collectible Coins
As a physical object, silver comes in several common forms. While you can sell silver jewellery, flatware, holloware, and other household objects made from the precious metal, we’re going to focus on the types of silver people usually buy in the hopes of earning a higher return.
Silver Bullion: Usually comes in the form of coins or bars, this is any product that is at least 99.9% pure silver. Investment-grade silver is not made for any other purpose than as a store of value and is usually meant to be stored in a safe, vault, or safety deposit box.
Junk Silver: These are old circulation coins minted back when real silver was still used in dimes, quarters, half-dollars, and dollars. Pre-1965 U.S. coins used 90% silver. In Canada, quarters made before 1919 were 92.5% silver, and 80% silver until 1967, when it was reduced to 50%, and abandoned altogether in 1968.
The country of origin and the date the coin was minted should be everything you need to look up online what the silver purity of the coin is.
Some investors buy junk silver because it can be pretty cheap, but you can’t expect the highest prices when you sell. Bullion buyers still need to pay to melt down these coins, so they have additional costs.
Collectible Silver Coins: Collectibles are among the hardest things to invest in. There is little predicting which coins will gain value beyond their silver content in the future. The determining factors are usually scarcity and condition, but even rare coins need something interesting about them that collectors are willing to pay for.
Selling Silver: How to Get the Best Returns
Investing in silver goes both ways: you need to buy and sell it to turn a profit. If you’re trading physical silver, you need to know where you can trade it for the best possible returns.
When you’re ready to cash in your investment, silver buyers like Muzeum are your most reliable option. They specialize in buying and selling precious metals, so they usually offer top prices, especially for investment-grade products like silver bars and coins.
If you’re concerned about liquidity on the market, bullion buyers are usually the fastest option available. They have a ready marketplace for all kinds of silver, whether it’s reselling investment products or recycling junk silver, jewellery, and flatware.
While you can’t sell physical silver over an app or online, liquidity should not be a major concern when you work with a reliable bullion dealer.
Investing in silver can be a profitable alternative to the stock market, but you need to know about the different products available and what to expect when you go to sell silver.