Wednesday, February 6, 2008

Investing in precious metals

The economy is not doing good right now. That's one of the reasons for the new economic stimulus package. During uncertain times you need a safe place for your money. Gold and silver are great places to put your money when the economy is down. Places like Monex sell silver in coin or ingot form. Ingots are generally silver ingots of pure bullion cast in a convenient size and shape. Coins have a currency value or they are actually defined as ingots.

There may never be a better time for buying silver bullion than right now. World demand for silver now exceeds annual production, and has every year since 1990. During economic slowdowns, precious metals tend to increase in value. There may be no better time than the present to make a great investment.

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