The Cheapest Way to Invest in Silver
Source: GoldWorld, Luke Burgess (5/15/09)
"There are many different ways to invest in silver. But one of the cheapest. . .is with Mexican silver coins."
But for every problem, there is a solution. And for every crisis, there is an opportunity.
Right now, one of the best ways to preserve and grow your wealth is by investing in precious metals. You already know about the skyrocketing gains in the gold market. But a less known, and possibly more lucrative way to take advantage of the precious metals bull market lies with another familiar metal. . .Silver.
There are many different ways to invest in silver. But one of the cheapest ways that I've found is with Mexican silver coins.
The Libertad gold and silver coins are the official bullion coin of Mexico. Minted of .999 fine silver, the Libertad is easily comparable to the American Silver Eagle, the Canadian Silver Maple Leaf and the Chinese Silver Panda.
They are numerous, freely available on the open market and can be readily purchased from suppliers at bulk rates.
Although commonly criticized for their slightly inferior mint quality and packaging, this cosmetic shortcoming is a significant benefit when considered alongside the lower premiums these coins command on the open market.
Thanks in large part to their ease of production, the Mexican Libertad silver coins generally carry a 10%-15% lower premium over the American Silver Eagle. The premium charged on the Mexican Libertad can also be up to 50% cheaper than other silver coins, such as the Australian Silver Kookaburra.
Some investors may be initially turned off by the Mexican Libertad because it is legal tender, and most investors are quite bearish on the Mexican Peso. To those looking to invest in precious metal, however, this is all irrelevant.
At the end of the day, it's the silver you're after, not the coins. With the no-frills, low-premium, bulk-rate packaging that the Libertad offers, there is no cheaper, more efficient way to put this constantly diminishing precious metal into your hands today.