The Burgeoning Silver Market - Simple Finds to Make a Profit

It's no doubt that the economy is an ever evolving cycle. When the market and overall economy is shaken, obvious areas are performing at near record trends. Some such examples include precious metals and the oil industries. Silver, Gold, and Platinum have seen some incredible upward movement in the last three years or so as a result of the current market condition. In particular, silver has been doing quite well and is an attraction investment for the entry-level market watchers who have very little money to invest. Knowing how and where one can take advantage of the increasing silver prices, folks need to do some research to make a profit.

Additionally, we won't be seeing the best money making opportunities in such vendors like coin stores and antique dealers as they sell their precious metals well over market value. But vendors much like these have implemented a failsafe way of taking advantage of this hot market segment. Here are a couple such ideas used by those vendors where we can scavenge for lost treasures and money making opportunities.

One such hot bed of silver searching real estate is the online markets. Auction sites like Ebay for example have all the right areas to search for silver bullion and rare antiques. Consumers like me target specific items and capitalize on bad spelling errors on the listings or misplaced listings in a totally irrelevant category. It's with this advantage, I've been capable of getting nearly a 200% return on my investment. In one such instance, I've even tripled my income in a months time by focusing on those little quirks. And so, a prime area to look for the bargains, much like an online virtual garage sale.

Again touching on the whole garage sale/flea market idea, that is yet another popular area of research. Many people have tons of stuff to sell, most commonly done over the weekends of course. Thrifty shoppers like you and I have huge opportunities to look for not only scrap silver or gold bullion but for potentially rare antiques and art. Who of us haven't flipped on the "Antiques Roadshow" and heard a story of a guest finding a rare painting in the attic or at a garage sale. It happens all the time. Garage sale people want to sell their belongings, not so much to make money, but to clear their garages. And best of all, we can negotiate the price on a lot of these goods, the incentives are there and they are ready, willing, and able to.

And finally another hot spot for finding the right deals are the online ad sites. This includes popular websites like Craigslist and Usfreeads, ad sites have the ability to bring the traffic to you. In turn, you would not have to look for the willing parties. I have a buddy that has a couple posts on these websites advertising the search for unwanted gold jewelry. He gets a huge amount of feedback, and therefore rakes in the customers using these free ad websites. He would then have his gold melted at the local refinery and reap the profits made by a simple free ad. Internet business is the highway to the future, so it would make natural sense to take advantage of its attributes to find prospective sellers and buyers.

I hope I have provided some clever tips to help you get started and to know what areas to avoid. Silver has no where to go but up, with countries like China whom constantly use the most silver in the world, supply would only shorten. Within a short time period, we might just see the record highs first posted in the early 1980's. So why not start making some wise silver investing, it's great supplemental income, and again requires very little capital to get started.

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Shaun Davidson-Automotive and Finance Consultant-2008