This is a question that I am really passionate about but the answer to “Should I buy silver?” is something I am even more passionate about. If you’re considering buying silver in Houston and you’re not sure if you should let me make it real easy on you and say ABSOLUTELY YES!

I don’t think there is anything vague or complicated about that answer. Unlike gold, where there are a number of points to strongly consider and to take some additional time to analyze, deciding to buy silver is a much easier decision making process and here are 10 reasons why I always recommend that people who are considering buying silver in Houston do so because it is such a safe investment. 

1. Buying silver bullion is extremely safe and easy to do.
2. Silver bullion is affordable. Even at it’s all time high of $49.50 per ounce, that is much more affordable than Gold, especially right now.
3. Silver is readily available.
4. Silver is has dramatically increased in price during the past 5 years and when compared to other precious metals is has a lot more room to increase in value before the market looses a taste for the price.
5. Silver frequently out performs gold in the percentage of increased value.
6. Silver just isn’t affordable, it’s the fact that the price per unit, in this case per ounce is so low. This means that you can buy more units for less. When the price of silver goes up, it goes up per unit or per ounce, as does gold. The more units you own, the more money you can make on your investment.
7. Silver has to be the absolute best financial tool to bargain, trade or barter with. It’s universally valued, well known and established. A single ounce, in a stable economic environment, is worth far more than any currency. In an unstable and uncertain environment when financial systems crash or become frozen, even temporally, the paper and plastic in our pockets may not be worth anything because the value is determined by how the “other guy” perceives it.
8. Silver is easy to store and transport.
9. Silver comes in many usable forms and increments. Fine silver bars commonly come in half ounce, 1 ounce, 5 ounce, 10 ounce and 100 ounce bars as well as 1 and 2 ounce rounds.
10. Like gold, silver will always retain value and in todays financial environment the value has a great chance to go up.

Once you’ve decided to buy silver in Houston, there are a few key factors you should consider.

What not to buy: 

• “Junk silver”. I never buy junk silver. When I say that I don’t mean old .999 Fine silver that has been used, handled, and tarnished. I will buy that for sure. What I don’t buy are coins that have a high but not pure silver content like pre-1964 coins that have a 90% silver content to them. I just don’t see the point and in fact, all I see is a lot of hassle, more items to account for the same silver content, etc. This applies to Sterling Silver as well. I don’t think dealers buy junk silver from customers because it’s something they really want to do. I think they do it as part of their business model in order to do business with a greater amount of people.
• Foreign silver currency. I’m sorry. I’m an American. I’m not really interested in buying another countries silver currency when I can just but something that is easily recognized in this country, like silver bullion bars and rounds. I might make an exception for the Canadian Silver Maple Leaf coin but I haven’t done so yet.

• Silver certificates. The same principle applies to gold. Buying silver bullion and letting it sit in someone else’s vault while they mail be a piece of paper saying I own it doesn’t sit well with me. Remember, there may come a time with you need the silver and “paper” may not be worth anything, at least not when you need it to be worth the value of the silver you’re entitled to.

• Silver collectors coins that are “worth more” than the silver content they contain. I’m not disputing the inherent value in a rare precious metal coin, but value is perceived and rare coin premium values are perceived by fewer people than the value of silver in a simple 1 ounce Fine Silver round or bar.

What to buy:

• .999 Pure Fine Silver
• Buy in increments of ½ ounce, 1, 2, 5 or 10 ounces
• Silver bullion bars or rounds
• Consider the silver you buy as a financial tool and make sure you buy something you can use if you need to.
• More than $1000.00 per purchase if you can. Purchases of $1000.00 or more are considered investment grade purchases and are TAX FREE. So you are saving over 8% right off the top, which could equal about 2 extra ounces of silver for FREE!

Where to buy:

• This is important because you will always pay a premium above the current spot price when buying silver in Houston and especially on the internet.  (The premium charged is similar as selling silver in Houston)
• Buy locally. Always buy from a local gold and silver dealer. Buying silver in Houston can be a great experience and an excellent way to develop a relationship with your gold and silver dealer.
• Use someone you can trust. Personal recommendations are always a plus
• When buying silver in Houston, We use and have been using the great guys at:

ACME Gold and Silver

832-800-4458