If you’re interested in pursuing a hobby, which could one day increase your wealth and standard of life by a sustained amount, coin collecting is the hobbie for you. As not only is it a lot of fun purchasing silver and coin coins but if silver and gold prices skyrocket in the future, overnight you could become a very wealthy individual.
Many financial experts predict that the world is long overdue for the next global recession. If an international recession occurs as the result of major international stock market crashes, it’s highly likely that gold and silver prices will skyrocket overnight. As individuals will sell their shares in a panic and will try and purchase gold and silver.
However a stock market crash is the wrong time to purchase silver and gold and it’s wiser to purchase precious metals when they are undervalued. Like gold and silver are today. One of the easiest ways to start accumulating gold and silver is to start purchasing one ounce pieces of gold and silver.
Collecting silver and gold is a fun hobby:
Part of the fun of collecting silver and gold is selecting which coins to purchase. Two of the best coins to collect are silver eagles and gold Canadian maple leaves. Both of which are seen as the industry standard when it comes to silver and gold coins and can be purchased through Lear Capital Inc.
If there is a stock market crash which causes a recession, some experts even believe that silver eagles and gold Canadian maple leaves will become the new currency. So if you’re new to collecting coins, it’s well worth starting off by purchasing both types of coins. In order to start off your coin collection.
Alternatively you may choose to collect gold and silver coins which boast unique or intricate designs. As an example you may want to purchase comparative gold and silver coins which are released in rare quantities. Such as coins which are released to celebrate the Chinese New Year.
Just beware that at the end of the day it’s the weight of your silver and gold coins that will determine the value of your gold and silver collection in the long term. So beware of spending large sums of money on “collectable” coins which may actually reduce in value in the event of a global recession.
Both gold and silver are limited commodities
Another reason why collecting gold and silver coins is a wise idea is that both commodities are limited in supply and as a result are likely to skyrocket in value, over time. So if you’re looking to collect items which will appreciate in value, you may be interested in purchasing gold and silver coins.
So if you’re looking for a fun hobby, which could help you increase your wealth in the near future, you can’t go wrong investing in silver and gold coins. If you’re interested silver is priced cheaper than gold and an oz of silver can be purchased at an inexpensive rate.