Economists, investors, and wealth management professionals have, for years, been encouraging people to diversify their portfolios, include tangible assets, and plan for the next downslide in the economy. To the average working person living paycheck to paycheck, that advice does not mean much because there is little money, if any, to invest. There are, however, a few things that can be purchased and saved for an emergency.
Silver and Gold
Precious metals are recommended because they do not lose their value over time. The current market price may fluctuate a bit, but the asset’s value will remain long after the dollar is worthless. Even a small amount of gold or silver tucked away will help when the cash runs out. Start comparing prices for coins, jewelry, and small bars before deciding where to Buy Silver in Chicago for less than full retail prices.
Consider a Pawn Shop
Pawn shops are excellent places to purchase a wide variety of items, especially silver. Whether it is in the form of solid silver jewelry or coins, customers will always find affordable prices so they can Buy Silver in Chicago. Pawn shops that are also jewelry stores will have prices to suit any budget.
Start with one or two silver coins. Go back in a week or two and purchase a bracelet. This is how people can slowly build up a collection of real silver without having a significant amount of money to spend all at once. It is easy, fun, and practical at the same time.
Sell Silver as Well
Another reason to do business with a pawn shop is that gold and silver can be sold there. Trading is also an option. Bring in a guitar that is gathering dust in a closet and trade it for silver. Pick out electronics no longer used and bring them in to sell or trade. A pawn shop is also a wonderful place to get items that are too expensive at full retail prices. Contact Clark Pawners and Jewelers for a full list of what can be bought and sold. Ask about buying silver and discover how prices are set and the values of pieces available.