About Silver
Ever since silver arived on the scene some 5,000 years ago, it has never been more valuable from a commodity standpoint than now. It is used in art, jewelry, medicine, automotives, photography and many more. With all of its improtance in virtually every area of life, most wouldn't believe that there are not many silver mines in existence. Silver is primarily a by-product of gold mines. According to Piran Mining Research reports, Mexico is the world's largest silver producing country. Mexico's Peñasquito gold mine produced over 40,000 ounces of gold last year, but blew those numbers out of the water with over 22 million ounces of silver mined in the same year. Gold mines are popping up all over Mexico, but it has no effect on silver productionas stated by Silver Investing News. This comes as no surprise because the country of Mexico has been commercially mining for over 500 years.

Buying Silver

Making silver a part of your investment portfolio is a huge decision and very popular these days. One thing that seems to be prevalent in a financial advisor's list of must haves is to diversify, meaning don't invest in just one area such as stocks. Invest in a multitute of things like stocks, property,  as well as precious metals etc. If you're going to purchase silver online, you need to take a few things in consideration. You must decide how much and when you want to purchase. Finally, who you purchase from is just as important. There are a ton of potential sellers to choose from.

There are different types of silver that you can buy. You can buy silver bullion coins, silver bullion bars, or collectible silver coins. Silver bullion coins are usually made by a national mint, such as the United States Mint or the Royal Canadian Mint. Bullion coins are sold one of two ways; a local or online precious metals dealer.

Silver bullion bars are easier to authenticate than silver bullion coins. Each silver bullion bar is stamped with their purity level and the name of the companythat made them. Each bar must be at least 99.9% pure silver or .999 fine to be official. Just like silver bullion coins, bars can be purchased from both local and online dealers.

Finally, collectible silver coins are much different than bullion coins. They are usually a part of a particular set or series that needs to be completed. Often times, collectible silver coins can be found at rare coins shops, wholesale sites, or sold at a private sale. Thge trick is ensuring that they are purchased through a reputable and legit dealer.