Here’s the simple way, making sure you can hold it. That means coins or bars. For physical bullion there’s really only two ways to buy silver: coins or bars. While there’s multiple coins, and multiple bars, if you want to hold it, it’s gonna be coins or bars. On the coin side, there’s silver eagles, silver maple leafs, junk silver or silver rounds. While on the silver bar side, it’s only a matter of size: 1 oz silver bars to 10 oz silver bars.
What’s the difference between silver coins and silver bars? There’s really no difference, except coins might have a collector’s value at some point in the future. Other than that, coins or bars are about the same. When it comes to silver bars or silver coins, it’s holding the silver that really matters.
An Exchange Traded Fund (ETF) is a pretty nifty investment vehicle. Much like a mutual fund, an ETF allows many investors to pool investment funds and buy shares in a professionally managed investment fund. What makes an ETF even more attractive is that shares of an ETF trade exactly like a stock: they can be bought, sold and shorted almost instantaneously. But are the Silver ETFs truely a new opportunity or new turkey?
Silver Mutual Funds
There are about thirty mutual funds which invest in both gold and silver. But as you will see, the investment styles and strategies of these funds vary greatly. Some invest primarily in mining stocks, while others hold bullion or coins. Still others offer a balanced approach. And finally, there are the exchange-traded index funds tied directly to the bullion price of gold and silver. One thing is for sure—it’s never been easier to invest in precious metals. Find out the best two silver mutual funds.
Retire on Silver: The Silver IRA
Because IRAs were written into law by government, the government unfortunately has a say about what you can put into your IRA. Stocks, bonds, mutual funds, cash, and even real estate (with some exceptions) are all fair game — subject to the rules imposed by your IRA custodian (i.e. Ameritrade or Edward Jones, etc.) But what about gold and silver? Yes! Both Gold and Silver are allowed in IRAs!
For the first twenty-three years following ERISA, Gold Eagles and Silver Eagles were the only eligible gold and silver investments you could put into an IRA. This was especially negative for fans of silver, since Silver Eagles typically carry an $1.80 per-ounce premium over the price of silver bullion! But fortunately, in 1997, Congress passed a law expanding the eligible precious-metal assets investors could put into their IRAs.