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Silver has earned the trust of people for over 6000 years when it was first used as a currency in 700 B.C. Since then, it has been used a barter currency in every known culture and nation with a specific, designated amount allotted to the metal. Even today, silver holds a special value in the heart of an investor for its intrinsic value. It is a safe, affordable venture available in various investment options. Therefore, it has earned its rightful place in portfolios of many different types of investors. Compared to other precious metals, silver is comparatively protected from the volatility of the markets. It is a smart investment option because it acts as a hedge against the negative effects of inflation. Investors reduce the risk by investing in a variety of assets including silver since their value does not move in perfect synchrony. Also, silver has a value that is irreversible and permanent which other stocks and funds cannot provide. Compared to the value of dollar, which loses its value on volatile scale, silver prices has comparatively gained value, especially the years between 1971 and 1981. Silver investment comes in a variety of options. Each option comes with its set of advantages and disadvantages related to the particular silver investment. Depending on your financial advisor suggestions and your own inclinations, following are some of the choices: Exchange Traded Funds (ETFs), Silver Bullion Bars of Approved Refiners, Silver Mining Stocks, Silver Mutual Funds, Silver Bullion Coins, Silver Medallions, Silver Certificates or Storage Accounts, Silver Accumulation Plans, Silver Futures Contracts, Silver Options etc. Among the list of precious metals, silver is still available in plentiful (though its supplies are dwindling at a fast rate due to the increasing industrial demand). Moreover, it is the least expensive of all those metal that have been categorized as precious metals. Precious metals are those which have been appreciated for their beauty and relative scarcity. They also possess characteristic properties like malleability, high resistance to corrosion, reflectiveness and conductivity. Before investing in silver, contact a well known and knowledgeable banker, broker or financial advisor who will advise you properly on making any kind of silver investment in such a volatile market. Also, your financial advisor should be capable to diversify your portfolio and protect its net worth. Furthermore, choose your seller equally carefully checking whether it is capable of delivering exactly what it is selling and if it is ready to trade in your silver. The columnist is an experienced columnist in silver market, mining & stocks, who periodically writes articles related to silver prices, silver spot price including tips on investment in silver. Please visit silverprices.com"> for more details.
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