Taylor Lynne Trentwood
Examiner: Denver Industry
Silver is a very hot commodity in Denver coin shops and with precious metals dealers right now. One ounce of silver reached the price of $20.79 within the past few weeks and this steady rise in value makes it a popular investment. In hard econimic times, silver has always done well.
In January of 1980 , when the world also felt very uncertain about economic stability, the price was as high as $49.45 per ounce. This made silver a very wise investment then and it appears that people think that it still might be. For a modest cost, you can reserve a commodity that does not depend on the stability of the national currency . The lack of confidence in the monetary systems at this time leads to dramatic increases in some metals. The trend to coins is growing quickly.
Silver is very popular as it is inexpensive to buy and hold and its easy to transport. People who have never thought of purchasing metals are dropping by local coin dealers to invest in a new way. The comfort of holding your wealth in your own safe keeping is another part of the appeal.
While some enjoy the atheistic beauty of coins of Chinese or European design, others prefer a plain ingot that holds value more for the metal itself than for the art and design. Either way, Denverites are flocking to purchase silver and it looks as if it imay well be a wise investmencircumstance. For under $50 you can now buy an attractive silver coin in a striking design. In a pinch, these coins can be a great last minute gift for a birthday or anniversary.
The purity of silver is guaranteed by reputable dealers and many on line dealers highly trained staff to answer any and all questions. Same day shipping and on line payment makes it very easy to start reserving wealth in this method. Colorado’s long mining history may be a part of the reason that silver is once again becoming so popular in Denver
A less liquid asset is also a clever saving ploy. When it takes a day or two to sell the coins or ingots on line to a dealer , it can slow impulse spending in a significant way There is a very comforting sense to having a supply of precious metals under your own control. The uncertainly of the dollar and also of foreign currencies are leading to a big comeback for all of the precious metals, but silver is so affordable and so easily exchanged that it is a rising star.