Do you think of a dollar bill, a.k.a., the Federal Reserve Note? If indeed you did think of a piece of paper with green ink on it, does it strike you as odd that a piece of paper could be "cold" or "hard"?
I know of something that is cold and hard and is money: silver, and its' better know cousin, gold. There was a time not too distant in the past when our great-grandparents used these precious metals as an exchange of value.
There are many reasons to buy silver, either to hold, or as an investment. Many good people have written on these subjects, for instance, here, here, and here.
My favorite reason to own silver? Because it is money created by God, not by man. It cannot be counterfeited. Do you find it ironic that we put God's name on paper money, which has no value, and we have forsaken the ability to use God's created money which has intrinsic value?
If you've never bought silver, know that few do. It may not seem normal at first. I would encourage you to study silver as money, and silver as an industrial commodity, starting with the links above. Do your homework, and buy only what you understand. Save up in the meantime.
Stop by a local coin dealer. Walk in and talk with someone knowledgable about gold and silver. If you're not comfortable with that, call them. Eventually, it could benefit you to build a rapport with someone you trust.
Some terms that may help-
Coins: usually refers to government-issued coins, i.e., Eagles, Krugerrands, Maples, etc.
Rounds: private-issued coins- the government would have you believe they own the word
"coin". Rounds come in all different designs, and almost always weigh one troy
ounce. They also tend to cost less than government "coins".
Junk silver: older silver coins, like dimes, quarters, half-dollars, and dollars. Pre-1965, when
the government ceased making coins of silver, and reverted to baser metals of
lesser value. These coins are 90% silver, though some are 40%, depending on the
date. You will usually pay face value multiplied to reflect current spot price. For
example, I recently bought some junk quarters at 12 times face value. Those
coins, each worth 25 cents in 1960 are now worth $3.00. You get the most silver
for your money from junk silver.
Spot Price: this is the current price at which a metal is selling. It fluctuates throughout the
day, always changing to reflect buying/ selling activity. Check it here 24/7.
Don't be afraid to learn and try something new- it could make you wiser and wealthier.
Go buy some silver.
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