The common argument for most investments is rather simple. If there is not enough quantity, it probably is not worth it. In other words, if one is going to get their feet wet, they may as well dive into the deep end. It is a popular adage that has created many millionaires. It has also created a lot of bankrupt former millionaires. Where is the truth in this strategy when looking at Silver Buyers?
The silver buyers in the Chicago area seem to have a valued strategy. Invest in a snowball. Start small and keep adding. Take a percentage of income every month, or every six months, and add to the total pool of silver. It is a strategy that is paying off, especially considering the state of gold and silver right now. Prices seem to be stalling a bit for the first time since the major financial crisis of 2008.
The size of small-scale silver investing is a bit subjective. Some would argue that less than $10,000 would be considered small-scale, but the number varies. Generally speaking, an investment should provide at least a year of expenses for it to be considered substantial. If one cannot survive for a year after cashing in their investment, it is not considered particularly viable. The goal for many silver buyers in Chicago area is to build up a year’s worth of expenses for their investment. Obviously, it varies from one person to the next. The small-scale method is the most logical in 2015. Silver is a wonderful investment, but the future is a little precarious for the consistently dominating method. Even if there is a small drop, it should be marginal.
Gold and silver are both resilient, and time has proven their value and worth. It seems that people will always value gold and silver intrinsically. A cultural drop will only be temporary. Regardless, investing does not have to be “all-in.” it is perfectly palatable to step in one toe at a time until the silver is valued enough to live off for a year. That would be a success. Just as the snowball continues to roll down Mount Everest, it does not have to stop there.
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