Silver is one of the hottest commodities in precious metals today, so there’s a lot of blog space all over the internet that is devoted to helping the common person with investment in silver. Knowing little tricks of the trade could mean the difference between a wasted investment and a very lucrative investment decision. People look to you as a blogger in the industry to discover any inside information they may be able to use to boost their investment decisions. Here are a few little tips you could use to create a more informative blog about the silver industry.
Invest in bullion and coins
If you’re just starting out, it’s good to invest in tangible bullion and coins. This way, you don’t have to pay mining costs to an unknown mining company. You also don’t have to buy a whole lot to start off. You will want to find sellers that sell as close to market value as possible. You will have to pay a fee to the seller, but it shouldn’t be an unreasonable amount. If you’re going to buy coins, you should know that it’s best to invest your money into bullion coins. You don’t really want to get involved in numeric value of coins. That’s more of a collector’s market.
Invest in solar panels
You’re probably wondering what solar panels would have to do with investing in silver. Well when it comes to the composition of the panels themselves, silver plays a big part. Each panel usually contains about two thirds of an ounce of silver. If you work the numbers in your head, you will see that those numbers will add up quickly. The catchy custom of “going green” could eventually make you a very wealthy person. The solar panel industry made use of over fifty million ounces of silver in the last year. That adds up to roughly five percent of the world’s supply annually.
Invest without physical ownership
It may be a good visual stimulant to invest your money in silver that you can touch and see, but there’s plenty of money to be made in stocks or exchange-traded funds. In this case, you’re not really buying silver, you’re actually investing in the stock prices of a particular industry.
You could invest in a mining company, or even solar energy. Industries directly related to the prices of silver on the market will also boost your portfolio’s value. Think in terms of the trickling down of wealth. You don’t necessarily have to be at the top of the ladder for the benefits to spill over your way. Just remember that stocks go up and stocks go down. You will have to pay close attention to the market if you plan to make smart choices with your investments.