At David’s Jewelry and Coin Exchange, we want all of our customers to be comfortable with every purchase they make. That’s why we’re committed to helping first-time investors make the right asset purchase for themselves. Silver is a great place to start! Keep reading to learn more about the basics of investing in silver for beginners.
Why Is Silver a Good Investment?
It’s okay to feel nervous about your first investment, but you’re already on the right track by doing your research and considering a valuable asset such as silver. Silver is a good investment for multiple reasons.
It’s a tangible asset.
Today’s digital age has exponentially expanded your opportunities for investment. Cryptocurrency and stocks may be popular, but there’s nothing like being able to hold a tangible asset. There’s only a limited amount of silver in the world—making it inherently valuable.
Silver is cheaper than gold.
Many people’s first thought, when it comes to investing in precious metals, is to purchase gold. However, silver has a couple of advantages! Silver is the perfect place to start your investment portfolio because it’s cheaper than gold, but you’re still able to see a significant return. It’s also easier to cash out with silver than it is with gold.
Silver sees a higher return.
Because silver is cheaper than gold, that means it has the opportunity to rise at a higher rate when markets are up. This can offer a layer of financial security when the economy is unstable or your finances take a hit.
A Variety of Options to Choose From
Another great thing about investing in silver is that there are several options for you to choose from. There are silver bars, rounds, and coins,—all of which we have available in our store! After hearing what you’re interested in, we can help you make a decision about which option could be best for you.
Contact Us to Learn More About Investing in Silver for Beginners
We love helping people begin their investment journey. With 25 years of experience and a large selection of coins, bars, and bullion to choose from, including Morgan Silver Dollars, Peace Silver Dollars, Half-Dollars, Buffalo Nickels, mint sets, proof sets, and many more, there’s no better place than David’s Jewelry & Coin Exchange for you to get started.
Doing your research on the internet is great, but getting an expert opinion from a team you can trust and in-person makes the experience more enjoyable and can help you feel more confident about your decision. Call us to schedule an appointment or visit us during normal business hours!