The amount of people searching for Silver Eagle coin prices has grown on the Internet because these coins are a popular way to take physical possession of silver. The reasons why anyone would want to hold this metal are easy enough to understand, as precious metal prices have traditionally moved in the opposite way to most major financial market indicators. Gold and silver offer the ultimate hedge against economic chaos, but of course you need to have access to the metal to be able to benefit from it. Holding a piece of paper such as a stock certificate may not do you any good if the mining company has collapsed and your theoretical silver holding has gone with it.
The choice to use precious metals as a hedge against severe economic conditions is one which must be considered carefully, because there are obviously other alternatives to choose from. You can diversify by moving into different commodities, stocks in different sectors, real estate, or even by investing abroad. Before you take the step to invest in precious metals, make sure that you understand exactly why this is the best choice for you. Once the choice is made, you will then need to decide how you actually make the investment.
If you have decided that precious metal investing is for you, the next step is to choose your metal. Gold is one choice, and the movement of the gold price in the long term has been relatively predictable when the general economy has been declining. If you are looking for nothing more than hedge against economic collapse then gold is your best option. If you do not mind more volatility and you want more opportunity for a speculative profit then silver will be a better choice. If you intend to physically hold the metal, you will need more storage room for silver.
This bring us to the next important choice you will need to make. Are you happy to just have a nominal ownership of a metal held elsewhere, or do you actually want to take physical possession of it? There are positive and negative points either way. If you hold a certificate such as a Perth Mint certificate, you will have automatic insurance through Lloyds of London. You will be able to cash the certificate easily in the future, and have the money wired to your bank account. The downside is that you do not have quite the same degree of possession of the metal as you have when you have paid cash for it and have it stored away where no one else can find it.
If you decide to buy actual silver, you need to choose the form it will be in. If you are buying at retail Silver Eagle coin prices then these are as good a choice as any. These coins are easily recognizable and easy and quick to value should you need to sell them. They are also relatively easy to store in containers of the correct shape. The downside of having the coins in your possession is that you need to protect them against theft and have them stored in a safe place that can not be affected by flood, hurricanes, tornadoes, typhoons, earthquakes, etc. But if you purchase silver bullion through our two recommended online silver dealers then you do not have to worry about these things.
You can use our Precious Metals Best Price Averaging System™ to purchase your Silver Eagles. This system requires you to place the same monetary amount in Silver Eagles each month for many years. By doing this you will buy more Silver Eagles when the price is low and less when the price is high. Over time you will average out the price you pay for your Silver Eagles since this system guarantees an average price over time and you will not lose money but you will build a foundation of silver wealth using this system faithfully. But you must work with the same monetary amount each month and you must stick with this investment system for many years for it to work for you. We also recommend the two award winning online silver dealers featured below as they work best with this system.