Should You Invest In Silver As A Hedge?

Above, an uncirculated 1890 Morgan silver dollar. Photo by Armand Vaquer.

Since inflation (or Bidenflation) has been hitting the pocketbooks of Americans, I made the decision to diversify my investment portfolio by buying silver coins as a hedge against the weakening dollar.

Granted, silver isn't as valuable as gold and as a hedge, it has mixed result. But it is far more affordable than gold to the average American. Gold is currently near $1,800 an ounce, while silver is around $23 an ounce. I have mainly concentrated on Morgan silver dollars, a beautiful coin, if I may say so. Besides the price of silver in general, the rarity of certain coins (depending upon mint year) also add value to individual pieces. There are three things to also consider in regard to coins: condition, condition, condition.

When buying coins, it is best to shop around for the best deals.

I prefer coins over silver bars or ingots. Those can be counterfeited.

Should you invest in silver as a hedge? This question was looked into great detail by U.S. News & World Report in an article on August 30, 2022.

They begin with:

Unprecedented government spending, supply chain disruptions and global energy shortages have sent prices soaring in 2022. Americans are understandably concerned about how to mitigate the damage of inflation that has been running at multi-decade highs throughout the year.

Unlike fiat currencies, there is a limited global supply of silver. In addition, silver has held value around the world for centuries, and it has a wide range of uses that should help maintain demand over time. Unfortunately, silver has had a mixed performance as an inflation hedge in history.

If you're thinking about investing in silver as an inflation hedge, here are several elements to consider:

What is silver used for?

Silver price history.

How to invest in silver.

Silver stocks and ETFs.

Is silver a good inflation hedge?

Is investing in silver a good idea?

To read more, go here.