Setting Silver Investment Goals
One great way to keep your silver investment goals in line is to set goals each year for the amount of silver you are going to acquire for the year. You need to keep your goals reasonable, but they should be high enough to make you stretch in order to reach them.
Tracking Your Silver Investments
Keep good records as you make your silver investments. It doesn’t matter if you are investing in silver rounds or investing in silver coins, you should keep track of your investments and the value of your silver cache. This will help you to make better silver buying decisions as you go along.
Calculate the silver content of your purchases and check your favorite silver ticker to estimate the value of your silver from time to time. You may be pleasantly surprised as the value changes. You will see up trends in silver prices as well as down trends.
Take advantage of the down trends to purchase more silver for your investment money. Up trends will get you more excited to see the value of your silver increase, and keep you motivated.
Silver Coins Vs Silver Rounds
If you opt to buy silver rounds you will want to know the supplier you are dealing with. At the very least you want to know that they are reputable.
Silver rounds or silver bullion bars are more likely to be counterfeit than junk silver coins or minted silver coins. The bad guys are turning out some really good fakes now, so you have to be careful when you make a purchase.
That being said as long as you are buying silver for content value you can do quite well with both. Junk silver coins may the easiest to trade in the event of an economic crash, but the melt value is the important point.
Set Your Silver Investment Goal
Get started if you haven’t already. Your goal can be any dollar amount that you can afford to invest on a monthly or yearly schedual. It is important that you make this a long term investment because silver investment may be the best insurance you can get for future security.