How can I buy Silver?

There are several ways you can buy silver. You can physically buy the precious metal and store it or you can buy the right to the metal and have something sort of like a stock certificate.

It used to be the every single dollar bill was backed by gold until that was done away with. Every person had the “rights” to gold with every dollar they had. Now, you need to get your rights to gold (and silver) somewhere else.

One of the easiest ways to get into the precious metal silver is to buy silver jewelry. It may sound a little foolish but if you can find certified pure silver jewelry then you are buying pure silver in one form or another. It doesn’t matter if it’s shaped into a unicorn, silver is silver and anyone looking to buy silver will know it’s true value.

With that being said the other easy way to purchase silver is through newly started Exchange Traded Funds like iShares Silver Trust Fund (SLV). Exchange Traded Funds or ETFs are traded just like stocks and the fund is backed by silver and the priced fluctuates with the silver market, demand supply etc etc. There is another fund like this for gold that you could get into but we’re here to talk about silver.

Another way to get into silver is to buy silver bullion. Silver bullion usually comes in bars or rounds and is really only a good buy if its 0.999 pure silver, meaning 99.9% pure silver. Bars, be it 1 oz, 10 oz, or 100 oz bars are easily stackable and can be stored easily in a safe deposit box, a home safe, or somewhere safe like buried in your backyard (not suggested).

Silver Bullion can be purchased through online stores like http://www.nwtmintbullion.com>Northwest Territorial Mint, Aloha Bullion, or eBay.

One more way you can buy silver is to go through a silver broker, where your money is now backed by silver or another precious metal. Again you don’t really own a chunk of silver but you have the right to the silver for what your dollar is worth and we all know that the dollar can fluctuate and cause you to own very little silver depending on the day.

When you look to buy silver, be it online or from your local pawn shop be creative. Search around for a good deal. Sometimes your purchasing method is the limiting factor or maybe its your locale. Whatever it be we hope you get your hands on some quality silver.

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