First, why would anyone want to own silver? After all, it costs money to store, doesn’t pay a yield, and some claim that you need to have your money invested in silver for years or even decades to make any kind of return. If that weren’t enough to discourage you from buying silver, they also scream that silver is a relic from a bygone era and that it is not as easy to sell silver Brisbane when the need arises.
For more than 3,000 years, silver and gold served as the foundation of the monetary system.
The world was only removed from the gold standard almost 40 years ago and replaced with fiat currency, or paper money.
In the past, families have transferred wealth from one generation to the next using silver.
And they had every justification to…
- Silver’s price may increase during periods of market panic.
- When inflation started, silver’s purchasing value persisted.
- Silver maintained its purchasing power as deflation spread.
- But that raises a crucial issue about silver investment…
- It’s not about making a quick cash when you buy silver.
- It is viewed as an opportunity to secure one’s money against market volatility and the depreciating value of fiat currencies.
- Purchasing and retaining some silver could aid in improving your ability to sleep at night if you have these kinds of worries.
So let’s discuss how to go about doing that.
- What kind of silver should you purchase first?
- It’s significant to some people to possess at least some actual silver. That refers to silver coins and bullion.
- Depending on how you define “portfolio insurance,” You could decide to allocate a certain percentage of your net worth to actual silver.
- The notion is that silver will perform well even when the stock or real estate markets don’t. But there is no assurance.
- Therefore, how can you obtain actual silver?
- If you’re buying silver for the first time, stick with reputable bullion merchants.
- In Australia, there are numerous dealers.
Here are just a few examples: of good dealers to buy or sell silver Brisbane:
- Please be aware that we have no connection to any of these merchants.
- These are Australia’s biggest gold dealers.
- Visit a trustworthy bullion dealer, either in person or online, as it is the best way to begin started.
- It’s not required that you purchase from a bullion dealer in your state.
- The majority of them will deliver to any address as long as someone can personally accept the delivery.
- Therefore, even if you reside in Melbourne, you can purchase from a bullion dealer in Brisbane.
- Look around to compare prices from different vendors of silver from different global mints.
- However, all bullion dealers are required to follow the same anti-money laundering laws as banks.
- Therefore, a bullion dealer will need to establish your identification if you are purchasing online for pick-up in person OR courier delivery. A passport or driver’s license is typically acceptable.
A passport or driver’s license is typically acceptable.
The Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006 also applies to transactions over $10,000. If you don’t want the government to find out, keep the cash transaction below this amount. It suggests that you must be prepared. If you don’t want the government to find out, keep the cash transaction below this amount.