Things To Know About Silver As Being An Investment - Strategies To Investing In Silver Author: Silver is similar to three other precious metals (gold, palladium, and platinum) with regards to being regarded as an investment commodity. In reality, this precious metal has been viewed as a form of currency and a store worthwhile for over four centuries. You'll find different ways by which one may purchase silver. Six are presented here: Buying silver coins: This is a popular way of taking hold of silver - physically. Possibly the best example of a silver coin may be the Canadian Silver Maple Leaf, which consists of 99.99% pure silver. Silver coins may either be "fine silver" or "junk silver". Junk silver coins are older coins having a lower percentage of silver. Samples of these are the dime, quarter, and fifty-cent U.S. coins minted in 1964 or earlier. These coins contain 90% silver and therefore are 8/10 troy ounce per 1 USD of face value. Buying silver bullion bars: This is actually the most traditional way of investing in silver. Silver bullion bars can be obtained or sold over the counter generally in most banks in Switzerland. They might be stored in safe deposit boxes in banks or placed in non-fungible (allocated) or pooled (unallocated) storage having a silver dealer. Opening a silver account: A trader may open a silver account with one of the major banks in Switzerland. Here, silver can be bought or sold over the counter just like any foreign currency. However, the bank client doesn't own the actual silver metal. Instead, he/she features a claim against the bank for any specified quantity of the metal. A silver account is backed through allocated or unallocated storage. Owning a silver certificate: In lieu of storing actual silver bullion, an angel investor may opt for ownership of a silver certificate. A silver certificate allows an angel investor to buy and sell the security sans the inconveniences for this physical silver's transfer. The Perth Mint Certificate Programme, that is fully guaranteed by the Government of Wa, is the only silver certificate put in the world that is guaranteed by the national government. Trading in Exchange-Traded Funds (ETFs): An investor can have an easy way of gaining contact with the price of silver through an ETF. A number of the well-known ETFs include iShares Silver Trust (with ticker symbol NYSE: SLV), Central Fund of Canada (with ticker symbols TSX: CEF.NV.A, NYSE: CEF), and ETFS Silver Trust (with ticker symbol NYSE: SIVR). Trading in ETFs means getting rid of the inconveniences associated with the handling of physical silver bars. Entering in a very Contract For Difference (CFD): A number of the noted financial services firms, especially those in the United Kingdom, provide Contract for Difference (CFD). On this silver investment vehicle, two parties (a "buyer" plus a "seller") enter into a contract, in which the seller agrees to pay for the buyer the difference between the current worth of silver and its value at contract time. In case the difference is negative, owner receives payment instead in the buyer. A CFD, therefore, allows a venture capitalist to take advantage of long or short positions, enabling him/her to invest on these markets. It needs to be mentioned here though that silver has lost its forced tender status in the us since the abandonment of the silver standard, when, on August 15, 1967, then U.S. President Lyndon B. Johnson announced how the U.S. would discontinue redeeming currency for silver (or some other precious metal). Try the web page Engagement Ring.