In recent years, the price of silver has risen significantly, and interest in this precious metal has grown accordingly. It is currently one of the best ways to invest capital, especially for those on a limited budget. If you are a beginner investor and are interested in silver, it is important to understand the basics of investing in this metal so that you can make informed and wise decisions.
Metal with a thousand uses
Silver is a raw material widely used in the jewelry and electronics industries, among others. It has thousands of applications and is consistently gaining in importance year after year, due to factors such as the development of green energy and the electric car market.
As emphasized by Jarosław Żołędowski, President of the Mint of the Treasury, silver, as a rare commodity with limited supply, will retain its value in the event of further inflation increases. That is why investing in silver, i.e., purchasing bullion coins or bars, can be used for long-term capital protection.
Silver allows you to diversify your investment portfolio and add variety to your precious metals portfolio. Importantly, it is significantly cheaper than gold, making it ideal for smaller budgets.
The Silver Age
The turmoil of recent years, such as the pandemic and the ensuing economic crisis with rampant inflation, clearly shows that the global geopolitical situation is closely linked to the prices of precious metals, which have been gaining in value in recent years.
A great example is silver, whose price has risen by 83 percent in three years, from $12 (March 2020) to $22 (February 2023) per ounce. What is more, some analysts predict that this precious metal will continue its winning streak and that the price of silver will rise to as much as $30 per ounce by the end of 2023.
All this, combined with the limited supply of this metal and its wide range of applications, makes silver an investment worth considering, especially for those who are just starting their investment adventure with precious metals.
Investing in silver – why is it worth it?
Physical silver, in the form of bars or bullion coins, is the most popular form of investing in this commodity and definitely the most accessible for novice investors with a smaller budget. Small-weight coins can be purchased for as little as approximately PLN 140, which makes them affordable for everyone.
The popularity of smaller coins and bars in the last year was also dictated by the international situation. In the face of the war in Ukraine, many people decided to secure their savings by purchasing precious metals. Those with more modest budgets opted for silver, and the choice of smaller weights was due to the possibility of easily exchanging the metal for specific products.
It is worth noting that buying silver bars or bullion coins allows you to invest in precious metal in its tangible form. When you buy physical silver, you have direct control over your investment and are not dependent on third parties.
Where can you safely buy silver?
The most important rule – regardless of the situation – is to purchase silver from a reliable source. One such source is Mennica Skarbowa, which sells products only from reputable global mints affiliated with the London Bullion Market Association, such as The Perth Mint and the Royal Canadian Mint.
One purchase = several hundred coins
For those who want to invest a larger amount in silver, masterboxes, i.e., sets of several hundred silver bullion coins weighing 1 ounce each, are a good option. Why is this a good investment? There are several reasons. First of all, it is an ideal option for those looking for a safe way to diversify and wanting to limit the number of transactions. Equally important is the possibility of easily cashing in on the investment in the future – individual coins can be sold at any time, which is not possible when buying, for example, a kilogram bar.
The Mint of Poland offers sets of the most famous and valued bullion coins: Krugerrand, Canadian Maple Leaf, Britannia, and Australian Kangaroo.
Interesting series of silver coins - Legends of Music
The silver bullion coins from The Royal Mint's Legends of Music series are the perfect investment for numismatics and music enthusiasts. Each coin in the series features a legendary musician or band, such as David Bowie or Elton John. Each coin is made from the highest quality silver and comes with a certificate of authenticity issued by The Royal Mint. All coins in the series are limited edition, making them a unique and valuable addition to any collection. When you buy coins from the Legends of Music series, you are investing in a unique product with high collector's value.
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