Physically holding silver often changes the way one thinks about money. At Guildhall we always invite new investors to meet at our offices to see and hold real physical silver. Investors are always surprised at the weight of a 100 Oz bar of silver. They look at the various bars and coins that are offered and start to think about wealth differently. It becomes obvious that precious metals have been around for thousands of years and outlasted every major fiat currency. In an era of low interest rates precious metals are appealing for the way they protect wealth and for their potential gains as investors lose confidence in cash.
As investors change the way they think about money they want to own and hold physical precious metals, but are not always sure how to do it. One of the best ways to acquire precious metals is to buy smaller amounts on a regular basis. The accumulative affects can be very powerful long term.
At the time of this writing the current spot price of silver is $17.74 USD and a 10-ounce RCM silver bar costs approximately $194 USD. If a 10 ounce bar of silver were purchased every month at the end of the year you would have 120 ounces. In the last five years even this small monthly investment would have resulted in the acquisition of 600 ounces of silver worth approximately $10,500 USD today. With analysts expecting silver to breach the all-time high of $50 an ounce, 600oz of silver could be worth over $30,000 USD.
One of the biggest benefits of purchasing monthly is harnessing the power of dollar-cost averaging. This is a “set it and forget it strategy” which eliminates the need to time the market. Simply buying silver on a specific day each month provides investors the average cost for bullion per ounce over time. Dollar cost averaging is an age-old strategy which removes over analyzing prices. Ultimately it smooths out the investor’s price paid and it puts emphasis squarely on accumulation rather than on specific pricing.
HOW TO GET STARTED
Getting started with a monthly accumulation program is easy. Below are the following steps to getting started.
- Contact Guildhall to set up a monthly buyer’s plan.
- Select the product that you wish to acquire monthly or the budget you would like to use. Visit www.guildhallpreciousmetals.com for the inventory available.
- Choose your payment method. Guildhall kindly accepts pre-authorized debit, eTransfer, cheque, and Paypal for monthly purchases.
- Delivery or Pick-up is arranged with your Guildhall representative. Shipping is free over $500 CAD and pick-up is available at anytime.
JOIN THE CLUB
Pay yourself first by acquiring small quantities of silver regularly. The Guildhall Wealth Monthly Buyer’s Club is an easy and affordable way to build and grow your capital. Contact your Guildhall representative today to learn more and Join The Club!