After 10 years of marriage, I’m still enjoying living in the first home I moved into with my husband. Buying a first home can be one of the most exciting events in a person’s life. Before making this important expenditure, people need to first sit down and determine how they will successfully finance it. After all, a home will likely be the most expensive purchase you make in your life. Talk to a loan officer and determine how much money you can reasonably borrow. Then, decide how much money you want to use as a down payment. You also must decide how many years you will finance your home for. On this blog, you will learn about the process of buying a first home with a loan.
If you are looking for ways to diversify your investment portfolio, purchasing precious metals could be a great solution. Unlike paper money (which only has value because the government has assigned value to it), precious metals have intrinsic value that can help them remain valuable during times of economic turmoil. If you have been considering precious metals as an investment strategy, here are three reasons why buying silver makes sense.
1. There are many industrial applications for silver.
Some of the many modern conveniences and amenities that society has grown accustomed to are made possible by silver. With the industrial applications for silver continuing to increase, it's easy to see why the value of this precious metal will continue to rise as well.
Without a steady supply of silver it would be impossible to transmit electrical power, create high-capacity batteries, or take advantage of radiography techniques. Because the unique properties of silver cannot be duplicated, silver can't be replaced. It is this industrial demand that will likely help drive the price of silver higher in the future.
2. Investor demand is expected to increase.
If you want to invest in silver, now is the time. With silver prices falling 7% this year, more people are looking to invest in silver before the value begins to climb toward the all-time high of $50.00, which is where silver prices were in April of 2011.
The rush to invest in silver means that supply will likely become limited in the future, so buying silver as quickly as possible is essential. Waiting to purchase your own silver could mean that you will end up spending more money as the increased demand begins to drive prices up once more.
3. Demand for silver exceeds the global supply.
Economists know that in order for prices to remain stable, supply and demand must be in equilibrium with one another. Worldwide demand for silver in the year 2012 was around 880 million ounces. The mining companies working to extract silver from the Earth were only able to mine 760 million ounces during the same year.
As the demand for silver investments continues to increase as prices fall, there will be even greater shortages in the supply of silver on the market. By investing now, you ensure that you will be able to get silver before the supply becomes too limited.
Investing in silver can be a smart way to diversify your portfolio. Don't hesitate to take advantage of the benefits silver investments can provide.