Taking Advantage of the High Price of Silver

As the price of silver has increased roughly %1000 over the past decade, many citizens of Baton Rouge have taken advantage of silver’s high price. Most have discovered that the box of old and tarnished sterling silver that has been sitting in the attic for over a decade now can be sold for thousands of dollars. Some have realized that collecting all of those pre-1964 90% silver U.S. quarters, dimes, and half dollars has finally paid off. Others have been excited to clean out their jewelry box filled with broken and used silver jewelry that has not been worn in forever and exchange it for cash to buy new and stylish jewelry. Several people are excited to sell the jewelry and flatware they inherited years ago, but could not get top prices until today. With silver trading over the $30 mark, many people are choosing this as a opportune time to sell silver flatware, bowls, candlesticks, charms, coins or jewelry.

On the opposite side of the market, many long term investors are starting to take a good look at investing in silver coins or bars. Unlike its big brother gold, which is primarily an investment metal, silver takes on the role of both and investment metal and an industrial metal. Most citizens are unaware of how many industrial uses exist for silver. The white metal can be found in everything from garments, medicines, and solar panels to cell phones, cars, televisions, and computers. Furthermore, many commodity traders and money managers believe that the unique properties of silver (AG) make it a necessity for many new industrial and technological innovations. Other silver speculators point to the fact that unlike gold, which has well surpassed its 1980 high of around $800 per ounce, silver has yet to eclipse its 1980 high of around $50 per ounce. In fact, at the current trading price of around $32 per ounce, silver can be bought for more than a 30% discount off its all-time high.

Is now the best time to invest in silver? Many new investors are asking this exact question. Furthermore, new investors want to know what form of silver they should invest in. In the current 2012 investment environment there are many different ways to invest in silver. One can invest in ETF’s, electronically traded funds, which are traded on the New York stock exchange. In addition, investors can invest in gold and silver mining stocks. Perhaps the most desirable form of silver investment in 2012 is physical silver. At Gold and Silver of Louisiana we offer a number of forms of physical silver for investors to choose. We offer everything from 1 troy ounce bars and coins to 5, 10, 100, and 1000 troy ounce bars. The most popular form of physical silver investment among our customers has been the 1 troy ounce U.S. silver eagle.  Whether you are looking to buy or sell, our store offers professional customer service and industry leading competitive prices.