Should I Invest in Silver or Gold?

Investing in precious metals has become a great source for investors to secure their wealth. With the rising national debt, it is feared that the dollar bill will depreciate in value. The monetary policies are continuously increasing their supply of currency. Investing in gold and silver will give you potential gains in the future, protect your family from central banking, and keep your portfolio balanced as well as a way of bartering in times of a financial crisis. Is gold or silver the better investment?

More and more investors are shying away from real estate and stocks to invest in silver. Silver offers a future return and is a safer investment than gold. Silver has unique molecular properties and is widely used in medical and industrial applications. Silver is also used in the production of automobiles, electronics, jewelry, and other uses. Silver is a source of high electrical and thermal conductivity. Analyst predict that within the next decade, the price and value of silver will dramatically be impacted due to the high industrial demand.

However, the rarity and stability of gold’s above ground supply is second to none. The money you invest in gold will be protected even when the dollar bill drops. Gold is valuable all over the world and is a universal form of money. When you invest in gold, you are guaranteed to get money back in return. It also secures your portfolio safety due to the price of gold rising when the stock market goes down.

Silver and gold each have positive attributes making them an attractive investment for a future return. It is important to keep a long term perspective before investing in these precious metals. While there is no doubt that they are on the rise, you should always do your own research before making any purchases or investments. The Coin Galleries of Oyster Bay will help with our vast knowledge to choose which to invest in!

Selling Your Silverware for Profit

The price of silver has dramatically increased, and most people are unaware that they can make a nice profit from selling their sterling silver flatware. While selling your old silverware at a garage sale might sound quick and convenient, you will most likely only get the minimum amount of money for it. A better idea is to research where to get the most money for your precious heirlooms.

On the back of every piece, you should look for “ster” or “sterling.” If your silverware comes from another country it will have the number “925,” or “925/1000”. 925 represents 92.5 percent silver and buyers will look for that hallmark on every piece before a purchase. This number guarantees the quality of the silver.

It is important to make sure your silverware is sterling silver because it has no resale value if it is silver-plated. Silver plated silverware is base metal coated with silver, and while it makes the end result appear to be real silverware, it is actually a lot less expensive and therefore much less valuable.

The sudden rise in the value of silver has a direct connection to the state of the economy. When the economy is strong, paper currency has more value. However, when the paper currency becomes unstable, investors look to precious metals to ensure their wealth. When the demand for these precious metals goes up, there is less of a supply, and the price rises. Right now is a great time to sell your silver!

If you are looking to sell your sterling silver flatware, The Coin Gallery of Oyster Bay will help you receive the most for your silver. There are also other silver items that you could sell to us, such as silver candlesticks, silver antiques, and silver jewelry for cash.

The Future of Investing in Precious Metals

As paper currency continues to depreciate, investors are looking to precious metals to preserve their wealth. Investing in commodities like gold and silver is said to keep your portfolio balanced. Based on the economy over the past couple of years, the argument for retaining precious metals to sustain wealth is gaining credibility.

When it comes to precious metals, gold has always been the most attractive to invest in, but there are three other major alternative investment metals. Silver, platinum, and palladium have all risen in price over the years and the demand for these precious metals has increased around the globe. These precious metals are found in coins and jewelry and are important assets for many industrial purposes.

The effect of the national debt has people buying precious metals to secure wealth as inflation threatens currency values. Buying these precious metals gives investors hope of retaining their wealth in times of economic upheaval and war.

The investment of precious metals takes different forms. Some people will purchase gold and/or silver coins and will keep them in a safe or in a safe deposit box at their bank. Another option is to buy precious metal ETF, which represents ownership of some small amount of that metal. The value of the ETF rises with the value of the metal. Some options include investing in stocks and mutual funds that hold shares in mining companies, purchasing antique or newly minted coins, or purchasing bullion bars.

A positive of investing in precious metals is that it’s a limited commodity. There are more precious metals being mined all the time but the total quantity isn’t growing at a very rapid rate. It also is a physical commodity if you choose to purchase a piece of that precious metal.

It’s important to keep a long term perspective before buying these precious metals. While it is no doubt that they are on the rise, you should always do your own research before making any purchases or investments, and at the Coin Galleries of Oyster Bay, we can help make the decision process easier.

Why Has Buying Gold and Silver Become So Popular?

The best investment is to put your hard earned money into is something that gives you future return and stability rather than the depreciation of the dollar bill. A recent trend spearheaded by fear of another economic crisis is that people are starting to invest in gold and silver in order to preserve their wealth.

The monetary policies of today are constantly expanding the supply of currency by at least 11% per annum. Investing in silver and gold offers you the opportunity to invest in a value that has potential gains in future years, protecting you and your family from the harmful policies of central banking.

Over 95% of the world’s current gold supply is in bullion vaults or in jewelry. The quantity of gold is almost fixed as the supply is growing at such a slow rate and gold owners are holding onto it as tangible wealth.

The restricted supply of gold allows it to be used as a great form of bartering due to its static supply and its relative reliability as compared to the purchasing power of currency. Nothing does the job quite like gold, they say, and this is true because nothing matches the rarity and stability of gold’s above ground supply.

Silver coins and silver bars are the two types of silver being traded, and silver coins in particular are easily tradable. The reason coins are preferred over bars is because coins are government minted and can be broken down into small quantities. Silvers offers unique features that remain key in the industrial and electrical applications due to its high thermal and electrical conductivity.

Investing in gold and silver is sure to give a return and is able to give you stability for when the monetary policies exceed and the dollar amount decreases. The Coin Gallery of Oyster Bay can help you buy and sell your gold and silver and answer any questions you may have!

How to Make Money Selling Collectibles

Collectibles are most commonly referred to as items or objects people find joy in amassing due to their interesting origin or nature as well as their potential for future value. Some collectibles commonly sought after by collectors include stamps, artifacts, sports and music memorabilia, antiques, coins, comic books, video games, and classic or vintage automobiles. A collectible considered rare can hold a great deal of value to the right buyer, and believe it or not, there is a strong market for buying and selling collectibles in order to make money.

A collector may find the time is right to let go of their collectibles and could potentially make a nice profit by selling them. The joy one collector once felt for an object can often be transferred to another collector. Similar to selling any item or service, one should use a specific strategy in order to profit the most out of selling their collectibles.

The number one tip for someone trying to make money-selling collectibles is to acquire as much knowledge as you can about your area of collectibles. This is a great way to separate yourself from the pack because you are able to identify good deals that others cannot recognize. Becoming knowledgeable can positively affect your reputation in the collectibles world, which attracts more customers because they trust your judgment.

The number one tip for someone trying to make money selling collectibles is to acquire as much knowledge as possible about their specific market, allowing you to separate yourself from the pack by identifying good deals others may not be able to recognize. Gaining knowledge about your area of collectibles and its market can positively affect your reputation as more customers will be able to trust your judgement.

Selling your collectibles in the right place and at the right time can also affect your profit margin from your items. Online marketplaces such as eBay and Etsy allow buyers and sellers to interact easier than ever before. Buyers can make their searches extremely specific because their search doesn’t involve traveling to different auction houses or specialty shops. Knowledge is key in the industry and it is very important to know where and when to buy and sell your collectibles.

Why You Should Invest in Silver

Silver is a precious metal used primarily for investing as well as for industrial applications. Silver is different from gold in that it is notoriously volatile on the market, but since 2005, it’s value has steeply risen. In 2014, silver was at a high of $21.96 per ounce, and in the past five years, hit a top value of $48.58 per ounce in April 2011. Silver can provide a safe investment opportunity mainly due to its high industrial demand, and while prices are not as high as they were four or five years ago, the ebbs and flows of its value is largely dependent of the stock market.

The value of gold and silver are directly correlated with the Dow Jones Industrial Average. When the Dow climbs, investors put their resources into the stock market and away from precious metals, but the opposite occurs when the Dow drops.

A traditional way of investing in silver is to buy actual physical bullion bars, which are uniform in size and are easy to store. Hallmarked bars are easily recognizable and can easily be exchanged for cash.

Silver is considered a safer investment than gold because silver always yields a greater percentage increase on the precious metals bull markets. Industrial uses of silver also account for its success in the market. Silver is used in the production of electronics, automobiles, and jewelry, and new uses are still being developed.

A main reason to invest in silver is production and secondary recovery has failed to meet industrial demand since 1990. Aboveground supplies of silver have also been reported as being critically short. With industrial demand rising and the production deficit eating into aboveground supplies, many analysts have projected this will impact the price and value of silver in the next coming decade.

Silver can also be used as a hedge against inflation, especially in an unsteady and unpredictable marketplace, and the precious metal is favored during a financial crisis over gold. Investing in silver can provide a safe hedge during times of economic insecurity, and with the demand increasing, now might be the best time to add silver to your portfolio.