Gold and Silver Markets

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It's a very curious thing to think that the U.S. may be starting to invest in silver instead of gold. This newest web release from Monex states that the US government had previously depressed silver prices by stockpiling the precious metal and then flooding the market. So, gold shot up instead. Now, however, there is now movement for the US government to buy silver instead of selling. So, why is silver all of a sudden such a good buy? I'm not sure, but there are plenty of countries rich in silver, besides the U.S., that probably think this is a great idea.

In Mexico, for instance, there is still a tradition of having the groom give the bride's family 13 silver coins for the wedding. It's not dowry as much as a promise to turn over all the man's wealth to the bride. So, Mexico has always prized silver, not just for it's monetary value, but also for it's beauty and sentimentality.

What I don't get is, why buy ingots instead of coins? Ingots are just pure bullion in a convenient size and shape, but apparently coins have a currency value. If it were up to me, I'd buy silver coins now. I like gold coins for their beauty and stability as an investment, especially the American eagle gold coins. But, there's something about silver getting it's fifteen minutes of fame too and I think that will be soon.

Monex is a coin dealer who prides itself on having the best US silver coin prices and programs in the silver coin industry. Monex Precious Metals is home to a large and dedicated staff of hard asset professionals. They are committed to serving people with precious metals investment needs and being America's best dealer with a convenient market and competitive precious metals prices.