Investors throughout the world have been shaken by the recent crash in the stock markets and are now investing in safer havens such as gold and silver tips inflation on the erosion of the investor's wealth. Moreover, it makes good financial sense not to put all eggs in one basket. Silver is in great demand because it is amazingly versatile in its usage. In Internet technology it is used as electrical contacts and in industry it has the highest electrical conductivity among all the elements.
It has the highest thermal conductivity surpassing even that of copper, in making ornaments, cutlery, tableware, currency coins. In dentistry it is very useful as amalgams when alloyed with mercury, tin and other metals. In medicine it is critical as it has a toxic effect on algae, fungi, bacteria and viruses and as homeopathic remedies in colloidal compound forms. Silver is in high demand basically because of the properties discussed earlier but its supply is limited and as such its price is gradually rising.
However, some financial analysts feel that although its price has been moving faster than gold, its current price is still seventy percent below its all time high. Therefore investment in silver bullion bars makes a lot of sense. Its intrinsic value lies in the fact that it safeguards your savings, is a valuable medium of exchange and it is real money at any stage. In the current scenario it will be a profitable move to buy silver bullion because it can see you through periods of inflation, volatility, and economic downturns. You can invest in silver bullion by buying silver in the form of rounds, coins, nuggets or bullion bars. Collectors prefer to buy silver coins because the rare coins have historic and antique value.
Silver nuggets are small lumps of silver and being rare, you can only get them from auction websites or big dealers. Silver ornaments and jewelry do not give very high returns on your investment because you have to pay for the making charges. Buying silver bullion bars is the best option for investing in silver because it carries little cost of investment and it can be stored very easily.
The important aspects that need to be looked into before buying silver are purity, weight, and the mode of manufacture. It is also necessary to check up the reputation of the manufacturer. Purchase silver bullion bars preferably from any of the big brands such as US Assay, Sterling Silver, Engelhard, and Wall Street Mint Bars.Buying or selling of silver ingots can also be done through the silver dealers but they deal only in small quantities. For bulk deals, it is recommended that you approach the online dealers, many of whom offer silver bullion bars at low premium.
I am Mandakini jain, working as Digital marketing analyst in Epic Research Limited-the leading advisory firm in India. I regularly writes about commodity market to give gold and silver tips.