As a Money Morning Member, you'll get our top financial news stories delivered straight to your inbox – every weekday morning.
Cancel at any time | How it works
Welcome to Money Morning - Only the News You Can Profit From.
Private Briefingwith WILLIAM PATALON III, Executive Editor
Not a member yet? Right now, you can get exclusive access to the 7 Best Stocks to Own in 2014. Click here.
Click here to get exclusive access to the 7 Best Stocks to own in 2014.
Members log in:
Not a member yet? Sign up here or learn more.
Chief Investment Strategist
33-year seasoned market analyst and professional trader with highly accurate track record. Specialty in global markets.
Global Energy Strategist
35-year expert in oil and gas policy, risk assessment, and emerging market economic development.
Capital Wave Strategist
30-year CBOE trader, market maker, and retired hedge fund honcho. Helped launch the Volatility Index in 1993.
20-year commodity guru and portfolio advisor. Top authority on metals + mining stocks. Head- quartered in Canada.
Defense + Tech Specialist
30-year veteran of tech markets with a Rolodex of Silicon Valley CEOs. Pulitzer nominee. Uncovered rare earths crisis.
30-year veteran analyst of business, economics, and financial markets. Award-winning author of "Contrarian Investing."
Silver is one of the hottest investments this year, leading many investors to ask how to buy silver coins before the white metal soars to new highs.
Indeed, investors have been buying silver coins at such a rapid pace, the U.S. Mint announced Jan. 17 it had sold out of 2013-dated American Silver Eagles - just 10 days after opening sales to authorized dealers.
Opening day sales for the hugely popular bullion coins on Jan. 7 hit a record 3,937,000 coins. The tally of total sales over the 10 days the coins were available exceeded 6 million.
Sales resumed Jan. 28 after the Mint replenished its inventory, but on an allocated basis with limited orders. The Mint used the same method in 2009 and 2010 when demand among people buying silver coins also outstripped supply.
The Mint's early run on the bullion coins - bought as an investment, as a hedge against inflation and as a store of wealth - underscores a growing frenzy for silver.
That's why we asked Money Morning Executive Editor William Patalon III to explain how to buy silver coins.
In the accompanying video he outlined the three ways to buy silver coins: the right way, the wrong way and the intriguing way.
Contributing to the robust demand for the Eagles were a lot of rumblings about tighter supplies of physical silver, mounting fears of inflation and concerns about loose global monetary policies, which have devalued currencies around the globe.
Investors have also turned to other silver price plays. In the first half of January, the iShares Silver Trust ETF (NYSE: SLV), the biggest silver exchanged-traded product, sold more silver than it has in any two-week span over the past five years.
One of the reasons that now's a good time to buy silver and silver coins is the alluring entry point. The white metal has slipped about 9% this year.
After peaking at $49.79 in April 2011, silver prices began 2013 at around $30 an ounce. But that price is a bargain compared to what's ahead...
(After submitting your email address the page will refresh with the full article. You will receive a welcome email from Money Morning including the benefits of your free subscription.)