Official Silver Showcase
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Where do you store sacks of silver?
The question is where to store and where not to store... Let's start with the worst, as in what NOT to do. Here are some of the most problematic, risky, and damaging ways to store silver bullion, and why we think they’re bad.
Some worst-case examples are: basements, bathrooms, garages, and under sinks. Moisture accelerates tarnish and corrosion. The packaging can degrade, trapping moisture inside. And flooding or plumbing leaks can destroy the overall value.
Another lousy storage locations would be bedroom drawers, under your mattress, cookie jars, and freezers. Most of these hiding spots are obvious and present an opportunity for theft. Easy visibility is another mistake, sometimes this stimulates temptation even from people who wouldn’t normally steal. Displaying your bullion on shelves, leaving it on a desk or in an open container, or storing it in packaging that is labeled “Silver” are great examples of what not to do.
Some more bad examples for you to ponder would be shoe boxes, plastic grocery bags, and even fireproof boxes since they're easy for a burglar to walk off with. And don't even think of burying. Directly burying rounds or bars in soil is a recipe for disaster since some people use only a zip-lock or similar bag, others don't record the location.
One last bit of advice on "how not to store silver" is putting it all in one place. One way or another, it can have serious consequences.
The right way to store your silver is...
The best single method for storage is professionally secured storage service. They are fully insured against theft, fire, etc. You don’t handle environmental issues like humidity, packaging, tarnish prevention. There is no need to hide or protect it by yourself. And there is lower risk than home storage or bank boxes. It also makes it easier to buy and sell if necessary.
And there you have it, some great insight into storing your sacks of silver and feeling good about it. Strong advice from past triumphs and tragedies.
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The following is a list of silver related knowledge including shortcuts to images, articles, and conversations. Why no expand your silver knowledge...
The following is a list of silver themed images for enjoyment purposes:
- https://silver.valmkt.com/img/silver-party.jpg
- https://silver.valmkt.com/img/silver-hot-dogs.jpg
- https://silver.valmkt.com/img/janitor-finds-silver-rounds.jpg
Silver Bullion Themed Videos
How about some silver themed videos that make you take a step back and think.
Let's start with bullish, positive videos like: let's take that silver to the bank...
Remember the time you went to the parade...
And then there was the time you went boating on a hot summer day...
Looks like we found a table full of silver...
Silver Downside Videos
Unfortunately in the world of silver pricing we also need to look at the downside as well...
Let's take this silver to the dump
Silver doesn't look valuable at the moment...
Have something valuable to offer? Drop us a comment below and we will consider adding your resource.
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Coins, rounds, or bars is the question of the moment. Silver bullion can be purchased in a variety of forms. Which one is best? That's the next question we need to answer.
Investment is all about choices, and investing some of your savings portfolio in silver is your first good choice. But there are other choices to be made.
Do you buy your silver in the form of government issued silver coins? Do you buy generic minted silver rounds and bars with no actual value other than the silver contained within? I'll explain what I've learned to this point.
Buying Silver Bars
Buying silver bars is an option available for the silver investor. They are rectangular in shape and resemble the famous gold bar design that people tend to associate with wealth.
From the mouths of coin collectors, I have heard that those who feel the end of our current financial system is near, will lean toward government minted silver currency on the belief that it can be used in the event of a paper money meltdown.
Those who tend to buy bars and rounds typically buy them for silver weight in the hopes that the spot price value of silver will continue to climb.</p>
This climb, of course will outpace inflation and therefore your new silver is like money in the bank with real interest. I fancy myself as a silver investor and not a financial doomsday prepper so I tend to buy the non-government minted rounds.
Although I have invested in minted bars, I have always been drawn to 1 oz rounds. When I first started buying silver, I stuck with that round choice for the most part because I found enjoyment in the coin-like appearance more than anything else.
Buying Silver Rounds
I have never purchased any rounds over 1 Troy oz only because they won't site well with the other rounds in the collection.
I am certain that whether you choose government coins, rounds, or bars, silver of any shape or form is a great choice in savings.
The untrustworthy politics in United States and financial turmoil abroad make me feel as though I need a more stable means of saving for the future.
As I said earlier, the round shape mimicks a coin so this form of bullion is very attractive to investors. The silver round seems to be more popular than the bar when it comes to commemorative silver pieces.
Many sports figures and sporting events have been stamped into rounds throughout the years.
This is true for world events and popular historic events as well. Presidents and famous inventors are also good examples of popular round that have been produced in the past and present.
Buying Silver Coins
The silver coin is the next choice for investors looking for stability in their portfolio. Silver coins are produced by different countries in different denominations.
Some of the more popular silver coins are the Canadian Maple Leaf coin and the American Silver Eagle. These are most popular with North American investors however I can't comment on their popularity overseas since i am not familiar.
These are examples of pure silver coins. They are stamped as 1 Troy oz of 999 fine silver which also adds to their popularity. Some silver coins that have been produced coin the past are not necessarily pure silver, but a silver mix containing far less than 1 pure oz.
These coins are referred to as junk silver even though they are not junk. They are simply not pure and it is important to understand the quantity of silver contained in these coins before purchasing them as an investment.
Coming soon I'll explain my method of securing silver on eBay at just 2 dollars over spot per ounce.
