Top 10 Reasons to buy pure Silver Coins

Looking to buy a pure silver coin for a gift and pooja? You’ve reached the perfect platform. This guide mentions everything about the top 10 reasons to buy pure silver coins. If you have a particular question, these points will assist you to get to your answers faster.

 

Buying silver in form of coins: Silver jewellery is created from 925 (Sterling Silver) which is just 92.5% pure in comparison to silver coins which are created to 999 and 999.9 purity. Purchasing coins offers the assurance of the purity and the brilliance of the metal content.

 

Easily purchasable: Silver can be easily buyable by anyone in the market searching for precious metals for long-term investment purposes, not only is silver budget-friendly but it is also widely available.

 

Silver surpasses gold: Whenever people begin to purchase Silver the price begins to rise at a quicker rate in comparison to gold as silver has a lesser market compared to gold, according to the historical record, it has been seen that silver makes a better jump in pricing.

 

Gold-Silver ratio: According to the historical record, one can purchase 15 Ounces (465 Grams) of Silver for the cost of 1 Ounce (31.10 Grams) of Gold, but the ratio is 80:1 which states that one can purchase 80 Ounces of silver for the cost of 1 Ounce of Gold, this offers people the capability to purchase silver and later trade it to buy Gold.

 

Easily investable and a perfect gift option: As a precious metal, silver is undoubtedly brilliant for investing but it is also ideal and elegant for gifting.

 

Silver's industrial demand: Silver is hugely impacted by industries besides personal investments. So the metal has the capability to offer excellent returns in the long run because of its immense demand.

 

No ETFs: In India, there are no silver ETFs, and ETFs are not suggested because paper assets do not come with the assurance that they are backed by real precious metals. Buying actual silver coins allows you to purchase and sell at any time.

 

Growing demand: Since Silver is an underrated asset; people purchase silver before it’s getting really late.  The demand for silver will impact the supply since the meaning rate has fallen down remarkably.

 

Easy to trade: As Silver is a good asset and is available easily, it is quite easy to sell as well. Silver coins are a well-known asset as they can be sold much quicker and will always maintain a reasonable amount of value.

 

Real Money: Even if Silver is not being utilized as a currency it is still regarded as real money as it will always retain a value in comparison to fiat currency.