Why you should consider investing in silver coins this Akshaya Tritiya
Akshaya Tritiya is a time when Indians buy gold, silver and diamond jewellery. Jewellers see an uptrend in people investing in gold coins and Gold jewellery some also invest in silver coins and pooja items. The reason many of us are reluctant to invest in silver coins could be because we believe its below the ranks of gold coins. However, you should seriously consider investing in silver coins because it’s a valuable metal and it won’t burn a hole in your pocket. It’s one of the most affordable metals that has the ability to match the pricing patterns of precious metals such as gold. Again, it’s one of the few precious metals that are not seized by the enforcement department. KaratCraft, a prominent online jeweller who deal with various weightage of silver coins have put together a few reasons why you should buy silver.
- Silver coin is affordable and also makes an ideal gift
If you are an average investor, then the right metal to invest in is silver. It’s much more affordable than gold. If you are not able to give gold as a gift to someone special for an important occasion consider silver coins. It can be gifted. You are likely to get more silver for the same price of gold.
- Silver is more practical for small purchases
Silver coins can be bought and sold anywhere in the world. For this very reason you should consider investing in silver coins. For instance, if on a specific day, you do not want to sell your gold to meet a financial emergency, you can replace gold with silver. Since it comes in smaller denomination you need to sell only what you need to.
- Industrial use of silver is showing an upward curve
There is a great demand for silver in electronics and automobile industries. Silver is also used in medicines. Reports suggests that industrial applications for silver has shown a growing curve as it not only reflective but also electrically and thermally conductive. It’s widely used in solar panels, electronic gadgets including the cell phones. It is also used in certain medicines and has a great demand in the pharmaceutical sector. Therefore, there is a great future for silver as a metal.
- Great demand silver jewellery
Global studies pertaining to the demand for silver, reveals that demand for silver jewellery in India is high with a growth rate of 700% in 2016. Though there has been a great demand for silver jewellery in the recent past, many people buy silver coins for one of the three purposes: for investment, as an inflation hedge and/or survival purpose. Those who buy silver for investment purposes sell them off when the price goes high. Warren Buffet, in 1998, purchased huge quantities of silver and then later sold it off. Anyway, you know he did not purchase it for survival purpose.
Now that you have a few valid and good reasons to buy a silver coins, loosen your purse string to invest in silver this Akshaya Tritiya. And don’t forget that Silver Chains and Silver Bracelets for men are also in trend, so choose well
