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How to price silver objects is a never ending debate. Some dealers price silver objects based on their antiquity and carving work. Others price silver objects based on the silver content in the object. The more the silver content, heavier the price. Price of silver per ounce is calculated based on the purity of the silver present in the object too.
Most of the silver investors avoid buying silver jewelry or objects for this reason. Their high mark up value will lead to less profit. No object can be prepared using silver alone. Hence certain amount of money will be lost while selling them back. Investing in silver ETF’s is a great way to gain hundred percent profits without any of these issues. ETF stands for Exchange Traded Funds.
Silver has been used in the form of bars and coins for more than four thousand years. ETF’s and shares are the latest developments in the silver investment field. For example, consider you buy 100 ounces of silver for $2868 today. You can cash it after a few months when the silver price per ounce has increased to $30 for $3000.
Everything is done through paper work without involving physical silver. You can get cash or silver as per your wish. Certain amount of money will be deducted as tax and for brokerage when you buy ETF’s. Investing in ETF is similar to investing in stock market. The price of your silver units will rise if the price of silver per ounce rises in the world market.
Investing in companies mining silver is also a safe way to invest in silver. The price of these shares and mutual funds do not get affected by the fluctuations in spot price of silver and the price of silver per ounce. Silver is obtained as a byproduct when various metals like tin, copper and lead are mined. Hence the money you invest in buying such companies shares is an investment you make in basic industry related metals rather than silver alone. Opting to invest in one or more companies mining various metals or selecting a mutual fund which does the same is a brilliant way to invest to invest in silver.
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References:
http://priceofsilver.org/spot-price-silver/
http://silvervalue.org/silver-bullion-and-coins/
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