Now is the time to own gold and silver. Investors from across the United States are flocking to gold and silver investments as their ultimate wealth preservation tools to combat one of the worst financial crises our nation has ever witnessed. Historically, gold and silver increase in value during times of economic distress because investors rapidly purchase the metals to protect their hard-earned wealth from massive contractions that are commonly experienced with dollar-backed assets like stocks and bonds.
In the year 2000, the gold spot price was sitting around $280 per ounce while the silver spot price was sitting around $5 per ounce. Today the gold spot price is just above $1,500 per ounce while the silver spot price is at $36 per ounce. With the US economy falling deeper into the pit every day it is no surprise that more wise investors are turning to gold and silver investments as their "secret weapon" diversifications.
How to Invest In Gold and Silver
There are several ways to invest in gold and silver, yet the safest and most effective methods are with physical possession bars and coins that you can hold in your hands. The most popular items are modern-date gold and silver bullion bars and coins or pre-1933 certified rare coins. The modern-date bullion bars and coins are commonly purchased by investors who seek short-term profit while the pre-1933 gold and silver coins are commonly purchased by investors who seek long-term wealth preservation. My favorite modern-date bullion products are the American Eagle coins and the Credit Suisse bars while my favorite pre-1933 certified rare coins are the $20 Saint Gaudens and the Morgan Silver Dollars.
In order to make the most effective investment decision possible, it's important that you understand your investing goals so you can meet them with the help of the appropriate product(s). Don't wait until the United States economy collapses before protecting your hard-earned wealth with precious metals.
Shannon King is an award-winning author and analyst of the gold and silver markets. To read more by Shannon King and to learn more about gold and silver investments please visit www.GoldSilver.org
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