No matter where you turn, you see people talking about gold, gold bars, and gold coins. Gold is expensive and a very wanted precious metal. Behind the scene of the big star called gold, people are trading and enjoying the lovely silver coins and silver bars that are much more affordable for the common man.
In history, silver and gold went together. Important rulers minted their own coins made of silver which were used as a trading currency. Silver was very important and demanded. Also, jewelry made of metal was as demanded as the one made of gold. Today, silver is trailing far behind gold.
However, there are still a lot of silver lovers. Silver is very demanding in India and China. These countries have a long tradition of wearing silver. If we take into consideration that together they both have around 2.5 billion people, we can say that this is an enormous silver market. It seems like it can never go out of fashion knowing that all these people are interested in having an earring made of silver.
If you’re one of those people that simply like this precious metal more than gold, or you’re one of those people that like to invest in silver bars, read on to find out what is the best place to look for silver. Of course, none of the following is written by priority. Every person has its own preferences and the final decision is yours. We’ll explain the positive and the negative sides, and you decide where to buy.
Buying silver online
There are many websites offering gold and silver products online. You can find both silver coins and bars on these sites. The positive side of buying online is that you can do this enjoying the comfort of your favorite chair while drinking coffee or your favorite drink.
The sites always have catalogs where you can see prices, dimensions, and how the coins and bars look like. You have all the time in the world to think about what you like the most. You can do thorough research and find out everything there is about a specific coin.
Online stores are open 24/7. You can log in on the internet at any time of the day and make an order. Of course, you’ll receive the item as soon as possible but not sooner than the following day. Still, it’s a good commodity knowing that you can leave the story to have dinner and get back in the store to continue looking for products.
Local dealers also have advantages over online trading, but they have some disadvantages too. The best pro in the local shop is that you can physically see the coins and bars right in front of you. You can talk to the dealer and ask for some advice. Another important thing is that you can buy and sell on the spot right away. If you like the price you’ll get the item t the moment without needing to wait days until the shipment arrives.
Bad thing is, dealers always have a price policy that’s not going in your favor. You can buy $1000 worth silver, go out from the store door, get back inside immediately and you already lost 50-100 dollars. The dealer will be happy to buy back your silver, but under a different, much lower price.
Another internet website where you can buy silver. Unlike online silver stores, eBay is a place where private people sell their own belongings. A lot of people choose to sell silver that they inherited from their ancestors and they don’t know the real value of what they are selling. People always lurk on eBay waiting for an opportunity like this. Open this article to see how a young man makes a fortune each year by selling coins on eBay.
Others are on eBay trying to profit. They buy silver for a lower price and resell it for a higher one. Just like the local dealer, only online. The good thing with eBay is that you probably won’t get charged for shipping, but you’ll probably won’t receive insurance too, so the risk is on you.