Should you decide to add silver to your investment portfolio, there are a number of options for you to consider. Here is a summary of silver investment choices:
- Bullion: Silver in the form of bars that are at least 99.9 % pure.
- Official Coins: Silver coins issued by a government mint.
- Medallions (Rounds): A round piece of silver resembling a coin but not considered legal tender. Medallions may be issued by governments or private mints.
- Certificates or Storage Accounts: Silver is kept in storage but the investor can take possession within a few days if desired.
- Accumulation Plans: This approach enables investors to accumulate silver on an average basis, similar to dollar cost averaging. The investor does not own the physical silver.
- Futures and/or or Forward Contracts: An agreement made on an exchange to take or make delivery of silver at a set date in the future.
- Options: The right, but not the obligation, to buy or sell a silver or a financial security linked to silver on a specified date in the future.
- Exchange Traded Fund: A basket of equities linked to silver, i.e. the physical metal, producers, refiners, etc. ETFs are traded on exchanges throughout the trading day.
- Mutual Funds: An open-ended fund that holds a basket of silver-related equities that are priced once daily.
The source of your silver investment is important as well. See below for a comprehensive inventory of silver products available at the following trusted retail outlets.
Sources of Investor Products (Silver)
|Retail Outlets||Bullion||Official Coins||Medallions
|A-Mark Precious Metals, Inc.
|American Precious Metals Exchange
|The Bank of Nova Scotia
|CMI Gold & Silver Inc.
|Midwest Bullion Exchange, Inc.
|Mitsui & Co. (USA)
|Monex Deposit Company
|Royal Canadian Mint
|United States Mint
Please check with your broker.