Going Back to Basics: #Silver. Personal Finance Tips and News. Posted by : Premraj | Posted on : Monday, May 14, 2018 In the modern era, we have so many forms of digital currency. We rely more on technology than anything else and the trend with finance is that the more ways that we find that are convenient for us, the risk of security increases. While we no longer have to carry wads of cash around, we are now at risk of getting hacked and potentially losing most or all of our money, as is the case with banks. Cryptocurrency has recently been on the rise in terms of popularity and while the potential gains could net you a hundredfold, the losses that you could potentially incur have the same trend. Cryptocurrency is just so volatile. Stock market investing and the Foreign Exchange are both of the same volatile nature but to a much more reasonable degree.
Case in point, if there’s one thing that’s true is that technology is not the ultimate solution to our problems. So, why should you buy silver? It’s a Hard Asset It’s No Longer Being Inventoried. Finding a Secure #Investment: Is It Even Possible? Finding a Secure Investment: Is it Even Possible? For sure, an investment entails a certain level of risk.
And to be able to get around heavy financial consequences, you need to acquire a great deal of knowledge in terms of looking for areas where you can safely place your money. People who have had a good deal of time and, of course, money in their hands will find ways to get around money woes and look for opportunities that promise high returns. Now more than ever, people are beginning to take financial management on the personal level seriously and this is mainly because we have learned from the past about taking risks. The 2008 economic downturn was a wakeup call not only for businesses, but also individuals to become more cautious in terms of keeping their savings and capital secure.
At any rate, there is a need for people to know a great deal about finding avenues where there is a high chance for success. It is possible to find safer investments. Buy low-risk investments The Bullion market Variable insurance. Key Chart Shows #Silver at Critical Crossroads. Key Chart Shows Silver at Critical Crossroads. By Stefan Gleason of Money Metals Exchange The precious metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers.
Even though the official unemployment rate held steady at 5.1%, the number of jobs added in September fell short of analyst expectations. Worse, a record 94.6 million Americans of working age now aren’t working. Most of these jobless Americans don’t get counted as “unemployed” – making the unemployment rate a dubious statistic. It’s so obviously unrepresentative of real-world realities that even mainstream financial reporters are catching on. Silver surged more than 5% on Friday to finish the week in positive territory and rallied another 2% on “Monday”.
Silver Prices Winding Up for Potential Breakout The metal with the most momentum in terms of investor interest is silver. Silver spot prices haven’t been affected – at least not yet. Comment Here! Comments.