BUY SILVER

Like gold, silver has long been viewed as a private tangible form of wealth. Today, in a global financial system where money is paper printed by private banks out of thin air, retirement accounts and individuals can invest in silver to preserve wealth.

The history of silver used as money goes back to the Lydian Civilization of 600 BC in what is now Turkey. Silver coins were adopted by the Persians after their conquest of the region. Silver coins were minted by such global empires as the Greeks, Romans, and Chinese. The US Mint has struck silver coins since its establishment in 1792.

Argentum - silver

Silver is a white lustrous and soft metal with the chemical symbol Ag. Silver has an atomic number of 47 and an atomic weight of 107.8682. From an industrial perspective, silver is known to engineers and scientists as the best conductor of heat and electricity among all elements known to mankind. Silver is strong, malleable, and ductile and can endure the most extreme temperatures.

Today a great deal of silver value is derived from its essential industrial uses. Silver exists in virtually every electronic device and every semiconductor ever made. Silver is also essential in manufacturing, water purification, and in the medical industry. Silver demand is rapidly increasing as silver is used in every solar panel in existence.

Silver is the second most consumed industrial element on earth, after oil. The world is consuming over 1 billion ounces of silver annually, and miners are only producing about 800 million ounces a year. Mining output has been dropping for three consecutive years!

The world does not contain enough silver that has been mined or unmined to convert just ⅛ of our energy consumption to solar energy. China is experiencing a solar boom. Beijing aims to triple its solar capacity by 2020. California now mandates solar panels be installed on new homes, and other states are passing similar mandates.

It is easy to get caught up speaking about silver as an industrial commodity. However, silver has held value to mankind for over 2,500 years while the industrial application has only been significantly factored into silver’s value for approximately the last 50 years. Like gold, silver is a rare lustrous and malleable metal that is tangible private wealth and a store of value. It is an efficient and easily divisible medium of exchange that should be considered when diversifying any balanced financial portfolio.

solar panels

WHAT IS THE GOLD-TO-SILVER RATIO?

The gold-to-silver ratio is the number of silver ounces required to purchase one ounce of gold. It is calculated by dividing the price of gold by the price of silver.

This ratio has varied over time. The second half of 2018 was the first time since 1994 that the gold to silver ratio exceeded 80. The ratio remains extremely high by historical standards. This means that silver should be a good value relative to the price of gold.

When the US Mint was founded in 1792, the Coinage Act set a gold-to-silver ratio of 15, a global average at the time. Historically the ratio has been between 15 and 40, though the low over the past 35 years was approximately 30 in 2011.

WHAT TYPES OF SILVER DO INVESTORS BUY?

Silver Coins (modern mint)

Some of the most well-known coins investors buy are modern-minted coins from government mints. Most mass-produced silver coins come in 1-ounce denomination such as the American Silver Eagle, Canadian Silver Maple Leaf, and Vienna Silver Philharmonic; however, certain limited minted coins come in other various sizes. Most government-minted one-ounce silver coins have a legal tender currency denomination: An American Silver Eagle is stamped as $1 USD, a Canadian Silver Maple Leaf, $5 CAD, a Vienna Silver Philharmonic, €1.50 Euro, and a Chinese Silver Panda as 10元 Yuan (RMB). Even though many government mints have declared their one-ounce silver coins legal tender, the value of the coins’ silver content far exceeds the currency denomination.

Most government-issued coins are 99.9% pure silver, a global standard for quality silver coins. Hundreds of private silver refineries are producing one-ounce coins, with most all at least advertised as one troy ounce and 99.9% pure silver. These privately minted silver one-ounce coins are often called “silver rounds”.

In addition to standard, generally one-ounce 99.9% pure silver coins being offered from dozens of government mints, there are thousands of graded or certified silver coins, limited mintage coins, commemorative coins, and specially struck or proof coins. The value of some such coins may have very little to do with the underlying silver market. We have also seen a disturbing trend in the market where some dealers sell clients drastically overpriced coins that can be odd-sized or limited mintage. Many of the coins that are “limited mintage” or “exclusive offering” may cost to a great deal more per ounce to buy, but may not keep any of this value when it comes time to sell the same coins back.

When you work with the silver experts at Midas Gold Group, you never need to worry about being “sold” something that you’re not expecting or don’t understand. Our representatives are never incentivized to sell high margin coins; we will help you chose from the vast array of silver products to find the product that matches your goals and objectives. Most importantly, you won’t be overcharged for something that you don’t understand. There is a good reason why investors trust Midas Gold Group for their silver investments.

  • American Silver Eagle
  • Canadian Silver Maple Leaf
  • Chinese Silver Panda
  • South African Silver Krugerrand
  • Vienna Silver Philharmonic
  • Generic .999 silver rounds

Silver Bars

Silver bars come in many sizes from as small as a fraction of an ounce to as large at 10,000 ounces. The larger bars are generally not ideal for personal storage. Most of the larger silver bars sold by Midas Gold Group are sold to clients with storage at COMEX storage facilities. Such bars are often sold directly to jewelers and manufacturers for application. When looking to accumulate silver bars as a personal investment, one should consider these guidelines:

  • The bars should be in liquid divisible units: bars that are 10 ounces or smaller are generally very easy to sell. 100-ounce bars are also very common and mass-produced by some of the major mints, but the larger the bar, the more the owners give up one of silver’s major benefits: its divisibility. Further, very large silver bars are sometimes costly to test for purity. Many buyers actually drill to the center of large silver bars in order to test their purity throughout the bar.
  • The bars should meet minimum purity requirements. The general global purity standard for quality silver bars is 99.9% purity. Silver bars in an IRA must be at least 99.5% pure. Most bars Midas Gold group deals in are 99.9% pure.
  • The bars should have a unique serial number from the manufacturing mint. Serialized bars are known as “Hallmark Bars”. Using the unique serial number, investors can verify the authenticity directly with the manufacturer and be advised on any fraud alerts on any serial number. This always allows for easy resale when you sell your silver bars.
  • The bars should bear a recognizable mint mark from a reputable mint know for its quality product. Midas Gold Group distributes silver bars from such major mints at:
    • Credit Suisse Mint
    • PAMP Suisse Mint
    • Valcambi Refinery
    • Canadian Royal Mint
    • Perth Mint of Australia
    • Johnson Matthey Refinery
    • Engelhard Refinery
    • Sunshine Mining

Rare & Numismatic Silver Coins

Silver coins have been mass produced by governments since the days of the Greeks and the Egyptians. As you can imagine, some of these coins that are still in existence today are very valuable. The most expensive coin ever sold was a silver coin: the 1794 Flowing Hair Silver Dollar which was sold at auction for $10 million in 2013. This is more than any gold coin has ever sold for anywhere.

Some people avidly build collections and buy silver dollars. Sometimes a strategically built rare collection can be resold at large profits. However, this type of investment is neither for the novice or for those without significant financial resources. Most of the coins that have made people significant amounts of money are extremely rare and extremely expensive. Building a rare one-of-a-kind collection of silver coins can easily cost hundreds of thousands of dollars.

If you are dealing with or have dealt with a gold and silver company that quickly begins recommending you purchase rare coins, be extremely cautious. Most dealers who are irresponsible enough to recommend rare silver coins to a novice silver investor are selling these coins at extremely high margins from which the investor is unlikely to ever recover.

The rare silver coin trading desk at Midas Gold Group has decades of experience in buying and selling some of the world’s most sought after, unique and valuable numismatic silver coins. If you are an avid collector looking to upgrade, complete, or sell your silver coin collection, we can provide you with the highest quality of concierge service and assistance. We are also here to provide the novice collector with the guidance needed to avoid mistakes and losses.

Further, if you have been sold a collection of numismatic silver coins by another dealer without proper education and understanding of the market, we can provide you with free evaluation services and make a recommendation to help your understanding. Keep in mind that if you own a collection of old rare silver coins, simply watching the price of gold and silver may give you little or no insight into the current value of our portfolio.

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