Why Silver Bullion?
Silver is a truly unique and timeless precious metal. It is demanded for both industrial purposes and as a secure store of value lasting throughout ancient civilization through modern times. There are a growing number of industrial uses for silver: smart phones, flat screen TVs and medical applications. Silver is a valuable and practical industrial commodity, as well as an appealing investment which has been used since Biblical Times.
Just like gold, silver can be used in the following ways: act as a portfolio diversifier. Gold and silver both have historically performed well during stock market weakness. Silver acts as an inflation hedge. Silver can help protect your purchasing power.
Silver bullion coins sell for a premium over the market price because they cost more to manufacture, store and distribute. Depending on demand and the type of coin, the price may vary.
Silver coins are a very old form of coinage, dating back to the Greeks and ancient Persians.
Silver bullion coins are considered collectible depending on many factors including its rarity, demand, condition and the number originally minted. Examples include the Morgan Dollar and the Spanish Milled Dollar.
Silver bullion coins are generally used as a hedge against inflation. And like other precious metals, they may be used as an investment for profits. However, silver itself has lost its power as a form of legal tender currency. The American Silver Eagle, among other coins, still have nominal face values.
Among the most popular silver bullion coins are the Canadian Silver Maple Leaf and the American Silver Eagle, with millions sold each year.
Not all silver is created equal. There are basically two main bullion categories. Bullion bars and bullion coins. Within bullion coins, there are three sub-categories. Bullion coins, silver proof coins, and silver collectible coins. These three categories have different features and benefits that are important to understand for the investor, since there are different tax ramifications in each category. Over the years, we have come to find out that the silver collectible coins, which have a similar price to bullion coins, offer a much better return for your investment.
Consult your MPB Account Executive today to have them explain the different features and tax benefits.