Start Investing in Silver with a Silver Savings Account
Ranked #3,357 in Business & Work, #117,950 overall
Silver Investing 101: Get a Silver Savings Account
Silver savings accounts are not only for those who are 50 ! Smart young people (and the young at heart) are saving REAL silver to help preserve the value of the earnings in today's economy. If you're new to investing in silver, a safe and easy way to start your silver portfolio is with a silver savings account.
Who should get a silver savings account?
Beginning to Advanced Silver Investors
For the beginning silver investor, a silver savings account is a safe and easy way to begin adding to their silver portfolio. It's also another way for more experienced silver investors to help diversify their portfolio. Most people who invest in silver hold a large percentage of their savings in silver, but in various forms. Instead of putting all of your silver eggs in one basket, try spreading them out, keeping some in your silver savings account. What is a silver savings account?
A Silver Savings Account is similar to a normal dollar savings account you might have at a local bank. In both types of account, you deposit dollars. The difference is that when you make deposits with dollars into your silver savings account, the dollars are exchanged for real silver bullion. The actual shiny silver is yours! The ownership of the silver bullion you buy is transferred to you in a legal custody agreement, which is arranged on your behalf. The physical silver bullion is held in something called allocated storage on your behalf, but you can usually withdraw either the silver itself or exchange it back into dollars.
Allocated silver storage facilities are usually fully insured, world-class non-bank depositories. Your silver is held at the depository titled in your name as your outright property.
The financial institution where you open your silver savings account is in charge of the process of exchanging your dollars into silver bullion, or the reverse, at your request. The allocated depository acts as the physical custodian of your silver bullion until you tell them you want to sell it back or take delivery of the bullion.
Allocated silver storage facilities are usually fully insured, world-class non-bank depositories. Your silver is held at the depository titled in your name as your outright property.
The financial institution where you open your silver savings account is in charge of the process of exchanging your dollars into silver bullion, or the reverse, at your request. The allocated depository acts as the physical custodian of your silver bullion until you tell them you want to sell it back or take delivery of the bullion.
Silver Prices - Last 10 Years
Ups and Downs and Ups-Ups-Ups...
A Must-Read in Addition to your Silver Savings Account
It's Silver Investing 101
Why should you get a silver savings account?
Real Silver Bullion
A silver savings account allows you to build your investment portfolio with real money - silver. In the 5000-year recorded history of mankind, silver has always been a store a value. That means that as fiat currencies came and went, silver retained it's value for those who possessed it. There tends to be an inverse relationship between silver and the U.S. dollar. As the value of the dollar decreases, you usually see the price of silver increase. If the dollar value continues to plummet, people will put there money wherever they can get a return--in precious metals such as silver and gold. Many investors feel that the day of the dollar is coming to and end soon.Why silver and not gold?
Gold can also be a very good investment. The reason silver currently has an advantage over gold is simple supply and demand. The readily available supply of silver is steadily decreasing over time, as the uses for silver are increasing. Gold has a much larger supply to fill it's demand. If there were ever a shortage of silver, the price would increase dramatically.
Also, silver has never been confiscated by the government as gold has. In 1933, President Roosevelt signed Executive order 6260 which outlawed the constitution right for U.S. citizens to own gold. This was in effect until December 31, 1974, when President Gerald Ford finally signed a bill making it again legal to own gold.
Here we are today, in 2011, in the midst of a world economic crisis. The average person is trying to keep their job and their savings. If you have savings just sitting at the bank, earning little to no interest, you may consider moving your hard-earned dollars into a silver savings account instead. It's easy to buy and sell silver as needed.
Vote for your favorite silver bullion!
Silver Coins or Silver Bars?
Loading poll. Please Wait...
When should you get a silver savings account?
The time is now!
By taking advantage of the fact the the price of silver is still very undervalued compared to gold (graph #2 above), you can build your savings quickly. The price fluctuates from day to day, and many believe the price is artificially low due to manipulation by large banks and the government. When the price can't be held down any longer (from increased demand for silver or the fall of the dollar), be ready to see a huge upward shift in the value of silver.
RSS: Silver Bullion Review
Reviews and Resources for Investing in Silver Bullion
Fetching RSS feed... please stand byWhere should you get a silver savings account?
SilverSaver.com
Don't give your hard-earned dollars to just anyone claiming to give you silver bullion. Make sure you open a silver savings account with a reputable financial institution, that your silver is yours (titled in your name), and that the allocated storage is fully insured.
Fulfilling all of the above requirements, and more, SilverSaver.com is who I recommend for a silver savings account. If you can open an account at your local bank, you can open an account with SilverSaver. Once set up, your dollars can be sent electronically from your regular bank account to SilverSaver to purchase silver for your SilverSaver account.
Watch an introductory video about SilverSaver below.
The process is simple:
1. Go to SilverSaver.com, review their service and FAQs and make sure you're comfortable with opening an account.
2. Click on "start saving".
3. Create a savings schedule (this is how often you want to make deposits from a linked savings or checking account, and in what amount).
4. Enter in the required information (your bank account routing and account numbers, etc).
5. Finish the signup wizard, sign in, and create your 3 security questions.
6. Over the next few days, verify the 2 small deposits that SilverSaver makes into your bank account (similar to PayPal).
SilverSaver's mission "is simply to put physical silver in the hands of Main Street America, thereby helping protect the average American from the uncertainty of how the grand experiment of fiat money will end."
With your silver savings account, you're now on your way to becoming a savvy investor, and protecting your hard-earned savings.
Fulfilling all of the above requirements, and more, SilverSaver.com is who I recommend for a silver savings account. If you can open an account at your local bank, you can open an account with SilverSaver. Once set up, your dollars can be sent electronically from your regular bank account to SilverSaver to purchase silver for your SilverSaver account.
Watch an introductory video about SilverSaver below.
The process is simple:
1. Go to SilverSaver.com, review their service and FAQs and make sure you're comfortable with opening an account.
2. Click on "start saving".
3. Create a savings schedule (this is how often you want to make deposits from a linked savings or checking account, and in what amount).
4. Enter in the required information (your bank account routing and account numbers, etc).
5. Finish the signup wizard, sign in, and create your 3 security questions.
6. Over the next few days, verify the 2 small deposits that SilverSaver makes into your bank account (similar to PayPal).
SilverSaver's mission "is simply to put physical silver in the hands of Main Street America, thereby helping protect the average American from the uncertainty of how the grand experiment of fiat money will end."
With your silver savings account, you're now on your way to becoming a savvy investor, and protecting your hard-earned savings.
Silver Savings Accounts with SilverSaver
Silver Savings Account Introductory Video
curated content from YouTube
SilverSaver Now Offers GOLD Savings Accounts!
Get all the details HERE
or visit SilverSaver.com.
What is Silver Used For?
Everyday Silver Uses
Do you have a silver savings account?
submit
-
Reply
-
COUNTRYLUTHIER
Aug 4, 2011 @ 11:34 pm | delete
- Naw, not currently, but after the debt debacle, I am considering it! Good job with the lens.
-
-
Reply
-
NvrTllMeThOdds
May 27, 2011 @ 2:29 pm | delete
- I opened one a few months ago, and am very pleased with SilverSaver. They have recently improved their website, and I have already taken physical possession of some of my silver. I was considering writing a lense on this same subject. Well done.
-
-
Reply
-
Jbriere72 Feb 5, 2011 @ 3:05 am | delete
- Looking into it, nice lens !
-
-
Reply
-
jackiebolen
Dec 9, 2010 @ 3:52 am | delete
- Not yet, but I"m considering start one.
-
Squidoo Lens Disclaimer:
(aka You're Responsible For Your Own Decisions)
Investing involves risks and may not be suitable for everyone; you are urged to consult with your own financial advisors before making a decision. Past performance is not necessarily indicative of future results. Investing in precious metals often involves a degree of risk that makes them unsuitable for certain individuals. You should carefully consider the suitability of precious metals as a personal investment choice before taking any decisions that may affect your financial situation.
This Squidoo Lens makes no guarantees with respect to future price(s), or performance, of precious metals. The information in this lens is for educational, informational, and entertainment purposes only. The owner of this lens assumes no responsibility for and does not guarantee the accuracy, completeness, or usefulness of information, commentary, or any other recommendations or advice contained in this lens nor in any affiliate products or services. The owner of this lens may receive compensation when you click and/or purchase products or services from this page.
This Squidoo Lens makes no guarantees with respect to future price(s), or performance, of precious metals. The information in this lens is for educational, informational, and entertainment purposes only. The owner of this lens assumes no responsibility for and does not guarantee the accuracy, completeness, or usefulness of information, commentary, or any other recommendations or advice contained in this lens nor in any affiliate products or services. The owner of this lens may receive compensation when you click and/or purchase products or services from this page.
by Silver_Investor
Silver_Investor
I love investing in silver! These lenses are for you--the beginning or average investor who wants to preserve your savings with silver, plus expand yo... more »
- 2 featured lenses
- Winner of 4 trophies!
- Top lens » Start Investing in Silver with a Silver Savings Account
Feeling creative?
Create a Lens!
Explore related pages
- Today's Top Silver Uses: More Than Silver Bullion Coins Today's Top Silver Uses: More Than Silver Bullion Coins
- The Kindle DX E-Book Reader Makes a Great Gift! The Kindle DX E-Book Reader Makes a Great Gift!
- Amazon Kindle E-Book Reader Review - Still #1! Amazon Kindle E-Book Reader Review - Still #1!
- 2012 Dragon Coins Are Available (Inc. Gilded and Colorized) 2012 Dragon Coins Are Available (Inc. Gilded and Colorized)
- The Canadian Maple Leaf Coins The Canadian Maple Leaf Coins
- Top Ten Silver Bullion Coins Top Ten Silver Bullion Coins
RSS: Silver Bullion Review and News
Reviews and Resources for Investing in Silver Bullion
Fetching RSS feed... please stand bySilver Uses
