Why buying junk silver, silver coins and silver bullion is an absolute must.
79Listen To Precious Metal Experts
Anyone With A 401k Can Lose Hundreds Of Dollars Daily
How amazing. Way before "Occupy Wall Street" protesters started camping everywhere, I asked you to listen to what the experts regarding silver investments are saying. They are not there to scam you. However, it certainly seems that Wall Street and the stock market certainly are!
Start investing in junk silver coins, made in the U.S. or another country such as Canada, .999 percent silver coins and silver bullion now! As of April 5th, 2012, the price of a troy ounce of silver is only $31.71. Start now while the price of silver is so low.
You can go right here to view the final price of silver after the market has closed for the evening. >>> http://www.kitco.com
Don't let the term "junk silver" fool you into thinking that this type of silver investment really is junk. That is not so.
All circulated and worn coins made with a percentage of silver is referred to as junk silver. The only value they have is the dollar amount of silver contained in them.
My choice of junk silver investments now are the silver U.S. WA quarters produced during the years of 1932-1964. They are all made of 90% silver. The silver content of every U.S. quarter made during this time is now worth $5.73.
If you were to obtain 5 of these silver U.S. WA. quarters, you would have almost one ounce of silver. That would be 9/10 of an ounce to be exact.
My second choice of junk silver investments are the Kennedy Half Dollars manufactured in the years of 1965 to 1970. They contain 40% silver and each one contains $4.68 in silver.
If you were to obtain 7 of the 40% silver Kennedy Half Dollars, you would now own a troy ounce of silver, 1.03 to be exact.
Did you know that a troy ounce of silver 10 years ago was only worth $4.30 an ounce? That's correct, a puny $4.30 an ounce.
Anyone that can do simple arithmetic will understand that this is about an 800% increase in the price of silver in just 10 years!
Assuming that silver continues this trend, than the value of silver in 10 years would increase another 800%. In 2021 that would make silver about $320.00 a troy ounce.
ALL experts agree on this: Start investing in silver, it is going to continue to rise in value. And NEVER be discouraged. All precious metals have, do and does slump suddenly in value and remain there...but for only for a few months, perhaps a year...but when precious metals began to rise again in value, they do !! Just like a Phoenix rising from the ashes.
Paper Currency Is Losing Value
What you should be doing now is buying as much junk silver (such as U.S. quarters) as you possibly can. Like I stated, be sure these quarters were produced during the years of 1932-1964, as these quarters are the ones made of 90% silver.
If you are not interested in this type of silver investment, you can buy .999 silver coins and .999 silver bullion at many reputable companies online. Some will gladly sell you single 1-ounce coins or bars of silver bullion, but you will have to pay above cost of the present silver value, as these companies must make a profit. You will also have to pay insurance and shipping & handling charges as well.
If this discourages you, don't let it. Shop around for the best prices on any type of silver, whether it be coins or bullion. Do your homework so you can find the best deals. After all, you need to start investing in silver no matter what!
And please keep in mind that if our paper currency continues to devalue and literally becomes worthless someday, it would be wise to have junk silver to use for currency and to barter with. After all, what would you rather use to buy a couple of loaves of bread and some milk with...a silver quarter that is 18% of an ounce of silver, or a 1-ounce .999 silver coin or a 1-ounce .999 silver bullion bar?
Got Junk Silver?
To date, I now own about a pound of silver contained in my coins.
What do I believe that each ounce of silver contained in my coins will be worth in 10 years?
My prediction based on trend and the experts would be at least $300.00 a troy ounce.
There are a couple of reports that I read online stating that silver could reach $200 by the end of 2012. While that would be absolutely wonderful for those of us who own silver, I find this very hard to believe.
However, one can always have hope!!
My goal is to own at least 1.5 pounds of silver by this summer. Using simple math, I need to obtain another roll of 40 U.S. 90% silver quarters. That would equal 7.23 troy ounces of silver. Or, if I obtain 50 more 40% silver Kennedy Half Dollars, that would equal 7.39 troy ounces of silver.
In closing, I need to point out that I have bills just like everyone else who is reading this. So if I can afford to invest in junk silver, than YOU can afford to invest in junk silver. Neither of us can afford not to !
Thank you for reading my article and have a blessed day!
CommentsLoading...
You are right! Silver as well as gold (and somewhat lesser: precious stones) are great investments right now. I appreciate your good article. Welcome to the HubPages Community!
Thank you so much for sharing what you know....Sharewhatyouknow!:) that was a very informative hub and on that note I would like to welcome you to HubPages!
I have heard that paper money will be done away with.











BkCreative Level 6 Commenter 8 months ago
Many, many good points you have made here, with good back history as well. I am now checking all my quarters for those dates from '32 to '64. I'm going to bookmark this so I can refer back to it and share it.
And yes, my 401K I cashed years ago - I felt so suckered. It did nothing but lose money and I would have nothing now if I listened to company advisors - who of course wanted us to keep the 401K because it is in their interest.
Thanks a million$$$ - I feel inspired!
Rated up!