Thursday, February 28, 2013

Are You A Silver Bug?

By Kristen Cox


What are silver bugs? This sounds like a disease or a serious medical condition that involves parasites, but the truth is that these are people who enjoy collecting this type of bullion for one of many reasons. These individuals may frequently go through coins looking for older quarters and dimes that may have a higher precious metal content, and they may also find other ways to identify the desired material and collect it. Junk or scrap options may be used, as well as dealers and sellers who have pure items to offer.

The reasons for their actions are aplenty but some have chosen to do so specifically because they have a great liking towards the visual appeal as well as the historical past behind silver itself. Back in the days of the freedom fighters in the US, there was a silversmith called Paul Revere. He's particularly well known for his excellent craftsmanship and a lot of silver pots, trays and various other accessories made by him can still be found today.

You do not have to settle for looking for antiques or older coins though, there are many modern opportunities if you consider yourself an enthusiast in this area as well. Some survivalists are stockpiling all forms of this material in an effort to be prepared if a global event or disaster strikes. Some fear a financial system collapse, others may be worried about inflation or currency devaluation.

You would be astounded if you knew how many people would actually go all out to gather as much silver as they can. Indeed, many websites and community forums have been established in order to discuss these minerals and how to get evaluate and determine their value. You will also be able to learn techniques on how to distinguish authentic silver from fake silver. It is likely however that counterfeit products of this sort are not as common as gold and platinum due to their affordability.

If you think you are a silver bug, you're not alone. There are tons of people all around the world from all age groups, professions and demographics of other sorts who are similar to you. The fact that this material has maintained its steady value in the markets despite the continuous barrage of economic issues shows that it's a wise investment option. People who are merely intrigued by this particular mineral would also be safeguarded in terms of their financial status.




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