The allure of shipwreck silver can be enticing for collectors and historians, but such finds are rarely used by the average investor.
Dallas, Texas (PRWEB) July 26, 2013
The recent discovery of more than 61 tons of silver bullion has sparked some investors’ interest in shipwreck silver, and at least one silver investment site is out to tarnish the reputation of shipwreck silver as a viable investment vehicle. GoldSilver.org is an online trading platform for physical gold and silver, and company spokesperson Janet Jones says that “the allure of shipwreck silver can be enticing for collectors and historians, but such finds are rarely used by the average investor.”
“Salvage companies and governments often invest in exploration of shipwrecks because payouts can be quite large,” Jones said. “However, the norm is for the salvage company and the involved governments, and in some cases the company who originally lost the metals at sea, to split proceeds in a pre-determined manner. Once the metals hit the retail market, the premium is outrageous and by that time, the hype over the find has often died out.”
Jones said GoldSilver.org recommends a proper combination of bullion and certified rare coins. “The most popular rare coins are the pre-1933 U.S. gold and silver coins. Double Eagles and U.S. silver dollars have a very favorable track record with long-term investors, unlike shipwreck and ancient coins and bullion,” Jones commented.
Jones’ comments come on the heels of the discovery of the World War II British cargo ship S.S. Gairsoppa about 300 miles off the coast of Ireland. Odyssey Exploration and the British government are expected to split the find of over 61 tons of silver bullion 80/20.
GoldSilver.org is North America’s market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell all sorts of investment-grade gold, silver and platinum. For more information or a free gold and silver investment guide, visit http://www.goldsilver.org or call 1-800-394-3337 today.