With the holiday approaching, consider giving the gift of silver.
As a gift, silver comes in many collectible forms. There are bullion pieces to commemorate many different hobbies, holidays, and areas of interest. Silver also comes in many different shapes, such as rounds, ingots, and specialty pieces, such as the 1 ounce silver bullet featured on the NY Gold Center online gift shop.
Silver has shown a tremendous increase in value over the years. In 1998, silver was trading at under $5. Just 10 years later in 2008, silver was seen trading as high as $20. In the last couple of years, silver has bounced around with the uncertain markets but does have the potential to be a long term winner according to many experts. The logic is that silver is a consumable precious metal, with many commercial applications that will deplete the supply, making it rise in value.
One of the true benefits of giving silver as a gift is that it is an affordable way to save in small increments. While most of us struggle with the idea of laying out $1300 for an ounce of gold, putting $25 of silver once a month into a dresser drawer is much more feasible.
So when you can't think of the perfect gift, consider silver as an option for the friends and family in your life.