07 Aug Why Invest In Silver?
With today’s price being Rs. 3559 per gram, gold is extremely pricey, making it possible only for the most wealthiest to invest in this yellow metal! Although gold has seen a great investment amount last year, it is becoming really difficult for people to invest in it as time goes by. However, gold has been an attractive alternative to debt because of the long-term interest rates that have been declining globally. Gold is undoubtedly a great alternative to any kind of risk, including geopolitical tensions and economic instability. But, it is also extremely expensive, which has made it a matter of concern for investors. And, this is the reason why investors are shifting to other cheaper alternatives like platinum and silver for investment.
Silver – A great investment option!
“To be born with a silver spoon in the mouth” – You might have heard about this idiom for sure. What does this mean? When it is said that someone is born with a silver spoon in the mouth, it means that he is born into a wealthy family. You can see how silver spoon has been directly associated with wealth. What does this indicate? It is clear that silver, although not as expensive as gold, is yet considered a “wealthy” element. Thus, if you possess silver, you are considered as someone with a good financial position. And, the best part is that silver is not even very pricey. Today’s silver price is only Rs. 44.52 per gram. So, where you can get only 1 gram of gold, you can get almost 80 grams of silver in the same amount!
How to invest in silver?
If you have decided to invest in silver, it is one of the wisest decisions you have made in life. But now, the question is how you should invest. Well, there are quite a few options to help you there.
Silver coins/bars – These are one of the simplest ways to invest in the white metal. You can choose from 10 grams, 20 grams, 50 grams, 100 grams, 500 grams, or 100 grams; with the design that appeals to you the most. Keep them safe in your locker; they may either help you in times of need. Or, you could also make them a gifting option for your loved ones on big occasions like Diwali, Raksha Bandhan, a wedding, or an anniversary.
Silver jewellery – Just like gold, you can have some silver jewellery made. This will be a great investment option that can also be regularly used. So, choose your designs and have them manufactured from the best crafters in your town. And, the best part is that when you are bored of the designs, or the designs become outdated, you can easily have your jewellery melted and reformed into the latest designs; so you are using and re-using your investment in the best way possible.
Silver articles – If you wish to invest in silver and use it too, but never to give it away or melt-and-reform it, purchasing silver articles is the best option. You could choose from silver Puja items to be kept in your Puja room; or you could choose from silver showpieces, or silverware. All these items will only enhance the look of your home. And, if you are wondering where to get all of this from, it’s Aura Jewels, your one-stop destination for the best silver articles in Bangalore.