Buying silver bullion is a good financial move at this time. Silver might very well head higher than the price per troy ounce now, which is around $30. Bullion is defined as bulk metal. It could consist of coins, bars or anything with a precious metal contained within. Silver is a soft metal and consequently is never 100% pure. Buying this metal in the form of bullion is an investment that can never damage the portfolio of any investor in the long run.
Buying silver bullion is purchasing a commodity that will always have value. This cannot be said about a nation’s paper money which could have no value, as shown throughout history. The prime example of this is Weimar, Germany of the 1920s, where the paper currency, Buy Silver Bars the Deutsche Mark, was literally worth nothing.
There are those who were once thought of as a bit insane because they collected bags of older U. S. coins, that contained up to 90% silver. The coins no longer contain any valuable metal, though the copper in the penny is now worth 2 cents. This was their hedge against an economic collapse, which seems more possible every day that goes by.
These individuals would use this so-called poor man’s commodity as currency for the purchase of necessities for them and their families. This would include food and fuel. No one in their right mind would accept a worthless currency. However, a nickel, dime or quarter with a high silver content would be accepted for the necessities of life.
Buying silver bullion as a commodity is a smart move both for long term investing and as a hedge against financial turmoil. Look into a program to buy precious metals on a regular basis and prosper from adding these commodities to your portfolio.