All you need to know about investing in silver: What it may offer for novice investors with limited budgets
If you thought investing in precious metals was a complicated business, only for high-flying financiers with deep pockets, then think again. Online companies like Gold Avenue have made the process much more accessible, and offer opportunities for investing in silver bars or coins, with free storage on site and resale without commission.
You don’t have to spend a fortune – it can suit a small investor – and you don’t have to worry about where you’re going to keep the metal.
We asked Gold Avenue to give us the lowdown on why investing in silver could be a good choice for you.
Why buy silver?
They say you should not put all your eggs in one basket – having some of your money tied up in silver will add diversity and resilience to your investment portfolio and savings.
When you track silver prices and compare them to gold, you'll find that silver is generally cheaper. This makes it a more accessible option for novice investors working with limited budgets.
You can also buy silver VAT-free. Start your silver savings with Gold Avenue and enjoy VAT-FREE silver, free insured storage, and instant resale with 0% commission. Products may be VAT-free if the customer stores their purchase directly with Gold Avenue, in a Swiss free port (economic zone where VAT does not apply).
Does silver hold its value?
Silver is a versatile metal that has been cherished throughout history and for centuries has been worked to create exquisite jewellery, objects and art. It has also been used in medicine and in the modern world is utilised in green energy and electronics. So, from ancient empires to modern economies, silver has always had value, though as with an investment, returns are never guaranteed.
Having said that silver prices tend to fluctuate much more than its more expensive cousin gold, and this is mainly because the silver market is smaller than the gold market.
And don’t forget that unlike buying stocks and shares or digital assets silver is a tangible object – you are actually buying a physical item with intrinsic value.
Why diversify into silver?
Spreading investments over different types of assets – stocks and shares, bonds, goods – means that you spread the risk; this is a common investment strategy.
What would my money buy?
Silver bullions and coins are one of the best and most accessible ways to start investing in precious metals, say Gold Avenue.
Its silver collection offers a variety of silver products on its online site, including silver bars, coins, and other collectible products. All of its items are sourced from one the world's most respected refineries MKS PAMP Switzerland.
Its silver collection includes:
Silver coins
Choosing to buy silver coins combines the value of your precious metal with historical and cultural significance. But it’s not just older coins, you could invest in modern minted bullion like the United States Mint, Canadian Mint or the Austrian Mint.
Classic legal tender coins made of pure silver
These coins are like the crown jewels of any investment portfolio, crafted with the highest purity silver and bearing timeless designs that resonate through the ages.
Gold Avenue silver bullion coins, including the 1 oz Silver Canadian Maple Leaf coin, are one of the most popular products in its collection, and come in a variety of styles, sizes, weights, and collections.
Silver bars
Buying bars of silver is a straightforward and substantial investment option.
The bars come in many shapes, sizes and importantly weights. Gold Avenue’s collection includes PAMP Suisse bars in weights from 5 g to 500 ounces so you can choose the right one for your budget
Gold Avenue say buying PAMP Suisee silver bars is one of the easiest ways to invest in silver, and own your own physical bar.
“The bars produced by the MKS PAMP refinery are considered timeless classics. They are relatively easy to store and count, and for your security and protection, they are stamped with silver weight, silver purity, date of production, and serial number,” they said.
Current silver price
Among other factors, the price of silver can be influenced by the price of gold, industrial and investor demandIt’simportant to stay up to date with the market and follow the silver price. Knowledge is power, especially in the world of investments.
At the time of publication a 1oz bar of silver would set you back just under £330 whereas buying a 1kg bar would be just over £660.
Safe storage
Because you’re buying a physical asset you may well wish to have it with you – on display or in safe storage at home so that you can look at it and touch it. Gold Avenue can arrange to have it safely sent to you and offer insurance too.
You should make sure that the silver you invest in, whether it is coins or bars, is properly cared for in storage – a little TLC goes a long way in preserving the shine and value of your silver treasures!
Find a cool, dry spot away from direct sunlight and moisture, giving them a comfy environment to shine. Individual protective cases or coin sleeves act like their own little galleries, guarding against wear and tear.
Gold Avenue offers a free storage solution for your physical silver. Storing your silver in its secure Swiss vaults will ensure your valuable investments are kept in top-notch condition.
It stores your precious metals in highly guarded and state-of-the-art vaults in Ticino, Switzerland. Its safes are protected against theft, damage, and loss at all times and your products are insured while in their storage facility.
Take a look and find out more on the Gold Avenue website here.