I am slowly building up my savings once again in order to make a major move in the future. I have found that if I buy silver coins then I am able to better save my money. Silver is going up in value, unlike money in the bank. It certainly earns more than the paltry interest rates at the bank. Furthermore getting money out of the bank is a very simple thing of going to the atm and drawing it out.
The money I have in silver coins is just as liquid but for the best price I need to sell at a silver coin broker. While very simple, it takes more effort than visiting an ATM. If I have to dip into my silver savings then it has to be something big…and that keeps me from using it for mundane things that I could really do without. Better savings!
About Rico
I also am a collector in silver coins, I personally like the silver seeded dimes. Indian head pennies are also cool. i think it is wise to invest in a collection of silver and gold, but gold is high, it is for the rich to get richer.
I collect silver coins, too. It’s much better to keep your savings in silver coins. It takes me more effort to convert it to cash but it’s very much worth it.