By July the 2016 “America the Beautiful” coin series has already exceeded sales from 2015. With 214,200 units sold, the U.S. Mint has already moved 1,071,000 ounces of silver bullion coins in 2016. That makes this year the 2nd best year for ATB sales behind 2011, in which an enormous amount (465,100 units) sold. Perhaps 2016 is on track to beat that number or at least get close.
Silver sales this year have soared throughout the world; coins, such as the Australian Silver Kangaroo, also having a record year. These sales come in spite of a silver rally that reached 24%.
Why Buy Silver?
Silver appeals to smaller investors because of its affordability. With silver bullion coins, investors can access the precious metals market without spending on metals that have higher values per ounce. For many, investing in precious metals is a way to secure one’s wealth; however, some investors may not have the means to buy an ounce of gold every month. Silver is the next best thing—especially considering the rally on silver is thought to continue its rise this year.
Options for Buying Silver
If you’re interested in allocating part of your wealth in precious metals, silver is a great way to start. Purchasing silver is a safe, reliable investment that helps secure and diversify your portfolio. For a list of silver bullion coins .999 or higher check out the following:
- America the Beautiful Silver Bullion Coins
- American Silver Eagles
- Canadian Silver Maples
- Austrian Silver Philharmonics
These high-quality silver coins make silver investing a smart choice. For more information about silver investing, read Provident Metal’s article Buying Silver Bullion—the Least Expensive Way to Invest in Precious Metals.
I’m a gold bug but you make a pretty convincing argument for why people should be stocking up on silver as well