Buy Silver Bullion New Zealand

From the time of the share buying rage of the 1920’s, seeking financial security has been top priority for most Americans. Even though we have come a long way since then, investing can still be daunting if you don’t know what to invest, or how to make it pay in the future. So why not buy silver bullion as a good investment alternative? Purchasing silver is a trend that is on the rise! Millions of American Silver Eagle coins are bought every year as investments and with silver coins having a high legal tender value, it is easy to see why. Having silver on hand is a sure asset against hard economic times.

Buying Silver bullion is an investment that pretty much anyone can afford because you can purchase by the ounce. The first thing to do is to find the “spot price” (going rate) of silver and buy as near to that as possible. The most opportune time to buy silver bullion is on “the dip”; this is when the price for silver drops low. The easiest and fastest way to buy silver bullion is through a silver dealer. This cuts shipping prices and waiting for product arrival. The downside of this is that there is limited inventory to view and you are less likely to obtain brand new coins.

The main thing to decide is whether you want to buy silver bullion to resell, or keep as a collector’s item. If you’re buying to resell, you must be aware of who will purchase at a higher premium (premium is a percentage less than the spot price) than what you bought the bullion for. Major mints like Johnson Matthey or Engelhard, and even eBay, buy silver bullion at very high premiums. For which ever seller you decide to go with, be careful when you sell; a quick rise in cost can be temporary, and holding out a little longer may bring better sales opportunities in the future.

The best type of silver to purchase is authentic, hand poured bars and rounds. These bring in the highest premiums. Art bars and rounds are a little more difficult to deal with when it comes to sales or purchase negotiations because they require guide books to determine the value. Coins are a good investment as well and, if on hand, can be used as legal tender in place of paper money. If any kind of investment sounds like too big a monetary step to take, but you are still tempted to try your hand, then buy silver bullion; it is your best option.