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The idea to invest money in silver buying silver coins and silver bullion in the forms of bars and rounds is pretty common and beneficial. Silver as well as gold, first of all, and some other commodities have been considered for a long time as a safe haven investment in conditions of the dollar falling and global market uncertain. It is natural that with any good investment and transfer of money some scams and cons come to separate people from their hard earned nest egg investments, as there are always a number of people who want just easy money to get. There are a lot scammers around whatever a deal is about, especially if it is concerning any valuable metals and investments. Here in the article there are some issues concerning how to avoid scams when buying silver. If the scam happened there is just one way to deal with it, you must report it. But if you are just about to make an investment, be careful and aware! One shouldn't buy silver funds commonly called EFTs, which are regulated just a little and which don't usually own the silver they sell. Those just make money on fees and storage. They got their profits even when they don't actually have or store metal. Being not audited for deposits of silver, EFT can't be recommended to invest in silver with as they like any other business can bankrupt. But in this case your investments will just go away with them, and that has already become the reason for many people to report scam. One should remember that investing in silver, it is necessary to take a possession of it, which is impossible with EFT investments. Having physical silver you don't risk losing your investment, sure some stock feature can influence it, but as a practice of a number of years shows that influence is inconsiderable and you are definitely not going to lose all. But buying any silver futures aren't recommended, as commodities futures are always risky. Brokers or brokerages base many scams with not actually making a leverage silver trade. On practice it is not likely to happen for anyone to earn some money betting on silver price rising and falling. If you decided to invest some money in silver, it is also better to avoid coins and buy silver bullion rounds and bars. As Rare coin value is always subjective, first of all. Also if silver bullion is usually sold for about from 5% to 9% over spot, coin dealers do double or triple the cost of rare coins. That's why even buying and selling them the same day it is possible to lose from 30% to 70% on a coin because of common mark up. A lot of purchases of collectible or commemorative coins from television or magazine adverting became the reason for investors to report scam. That's why while Investing in silver, one should buy it for a silver content, not rarity or collectors value and from reliable recourses.
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