00:00Silver is becoming increasingly popular as an investment class.
00:02More and more people are investing in silver or at least adding silver to their investment strategy.
00:08However, there are definitely some points that should be taken into account,
00:11before you start investing in silver.
00:14So welcome back.
00:15Today we will talk in detail about what you need to know,
00:18to invest in silver with peace of mind.
00:20This is not investment advice, but only my personal knowledge
00:23and the processed research.
00:26You are welcome to leave me a free subscription for these.
00:28Let’s start with the first point.
00:31First, you should be clear about the meaning of some terms.
00:34Counts the fineness, the ounce, the mintage and the like.
00:38Let’s start with the fineness.
00:40This indicates how pure the precious metal is.
00:43It is usually expressed as a percentage or as a part of 1000.
00:46This means that a fineness of 999 means that out of 1000 particles, 900 are pure silver.
00:53You should therefore ensure that the fineness is as high as possible,
00:56if you want to invest in pure silver.
00:58This brings us to the second term.
01:01The ounce.
01:02An ounce is a unit of measurement for weight, similar to grams or kilograms.
01:06The crucial point is that one troy ounce must always weigh exactly 31.1 grams.
01:11This way you can be sure that it is a genuine copy.
01:15The whole thing is of course also scalable.
01:17Two troy ounces weigh exactly 62.2 grams.
01:20The next point you should consider is the edition.
01:23This indicates how often the corresponding specimen was minted, i.e. issued.
01:29The smaller the number of pieces, the greater the potential collector value.
01:33This brings us to the next topic.
01:35Collector and investment coins.
01:37Collector coins celebrate silver coins with small mintage or exotic motifs.
01:41These are traded far above the material, i.e. silver value.
01:44Investment coins, in contrast, are silver coins that are minted in large numbers and are therefore traded close to the material price.
01:51Depending on your investment goal, one of the options may be more interesting for you.
01:57But more on that later.
01:58This brings us to the second important point.
02:01Why do you want to invest in silver?
02:03There are various reasons and motives for investing in silver.
02:06One of the most common is value retention.
02:08But also the possibility of purchasing silver as a crisis hedge.
02:12In this case, those affected want to use their silver as a means of exchange in times of major crisis.
02:17And of course, there are also people who buy silver and hope for returns, i.e. an increase in value.
02:22Silver is sometimes purchased to further diversify one's portfolio or simply because of its beauty.
02:29The important thing is that you make it clear to yourself why you want to invest in silver.
02:33This is the only way to know whether you want to own the smallest possible denominations, for example a quarter ounce.
02:38Whether you want to purchase investment coins, such as this ounce, whether you want to buy large denominations like a 10 ounce coin, or whether you would rather invest in collector coins.
02:48This decision influences your purchasing behavior.
02:51If you are still unsure which denominations you should buy, watch the video in the infocard.
02:56Next, you should think about where you want to store your purchased silver.
03:00The possibilities are endless. I've heard everything from a safe, be it a regular one or a can safe, to Tupperware containers.
03:08Now you have created the foundation for your investment in silver.
03:12Next, you need to consider where you want to buy your silver.
03:15There are a variety of ways to get silver.
03:18Some silver coins can be purchased at the local bank.
03:21Please note that the selection is limited and the prices will usually not be the cheapest.
03:26You can simply pick up the silver from a trusted person.
03:29The most popular way to purchase is through online retailers.
03:33Here too, the selection is diverse.
03:35Every trader has arguments for and against him.
03:38For example, the price, the selection, the shipping conditions or similar.
03:42Finally, there is the possibility of buying silver from others.
03:46Be it from friends or through platforms like eBay or similar.
03:50With luck, you might also find something at flea markets.
03:53But here the risk of a counterfeit is particularly high, as there is usually no guarantee or right of return.
03:58However, the prices are in most cases cheaper than those of conventional retailers.
04:02Which option suits you best is very individual.
04:05Therefore, you should take a close look at it.
04:07Now you know the basics you need for your first investment in silver.
04:12Of course, there is much more to learn.
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