In recent years, the ECB has printed huge amounts of money, causing the value of the euro to drop sharply. Inflation these days is at 10%, meaning that if you have money in a savings account, you lose some 10% of your purchasing power every year.
A possible solution to this problem is buying silver. Silver needs to be mined and is therefore scarce. In addition, production mining has been declining for years while the demand for silver is on the rise. Because of these solid fundamentals, the price of silver has gone up by an average of 9.4% annually since 2000. The past few years have seen a shortage of silver.
The advantage of buying physical silver is that it cannot be printed. Buying silver means you choose to protect your purchasing power. It is therefore a smart thing to do, but there are also risks involved in buying silver. The price of silver is volatile and especially this aspect (also called price risk) does not fit the needs and wishes of every investor or saver.
During the past 16 years, the price of silver has gone down eight times. The declines and increases in value have been substantial. Two of the eight drops were above the 15%. In 2008, the silver price in euros dropped by 19.5% and in 2013 even by 38.5%.
During eight of those 16 years, the price of silver went up, five times of which with more than 15%. The best year was 2010, when the value of silver rose by 96.2%. In 2009, the price went up with 44.3% and in 2020 an investment in silver increased by 35.4%.
When you want to buy silver, you’ll have to take into account the volatility of its price.
There is a big difference between gold and silver. The industrial demand for silver is much larger than the demand for gold. Simultaneously, the silver market is much smaller than the market for gold. An increasing demand from the side of investors could drive up the price of silver. In 2011, the price of silver doubled within a period of 12 months. And in March 2020, the silver price started going up from €360 per kilo, reaching €800 in February 2021.
Besides the potential development of the silver price, there are additional reasons for buying silver. Learn more about the three most important reasons for our customers to purchase silver.
Silver is a necessary material for the production of electric cars, solar panels, laptops and phones. Nearly 60% of the demand for silver comes from the manufacturing industry. There’s only a relatively small quantity available for investors.
The mining of silver peaked in 2015. The number of discoveries of unknown underground reserves has been declining, while the demand for silver is on the rise.
Every year, you lose some 10% of your purchasing power as a result of inflation. The value of paper money is decreasing constantly.
Silver – like gold – keeps its purchasing power. Since 2004, the price of silver has gone up by an average of 10% annually.
During the past century, the purchasing power of the euro and the dollar has decreased by 98%.
The financial crisis of 2008 caused a general drop of value, including the value of shares, bonds and real estate.
But the price of silver went up, even more than the price of gold. Sooner or later another crisis will hit.
In 2009, the price of silver rose by 44% and the following year by no less than 96%!
Silver is considered to be an industrial commodity and is therefore taxed with 21% VAT. However, it is possible to buy silver without being charged VAT. When you buy silver bars and have them stored in a customs depot, you will be allowed to buy the bars free of VAT.
Buying silver bars free of VAT is the best way to invest in silver. At DKgold you buy silver against a price of roughly 5% above the current price of silver. The added premium of 5% consists of production costs of the silver bars, the costs of transporting the bars to the customs depot plus a margin.
This allows you to buy silver safely and against a fair price. Another option would be to buy silver coins, but this is very expensive. The premium added to silver coins now stands at 40%, which makes an investment in silver by means of silver coins hardly profitable.
If you choose to buy silver bars free of VAT, you will get 35% more silver for your money. If you would invest €10,000, this amounts to €3500. Silver bars are available from a weight of 1 kilo. The storage costs are only €80 annually for an investment worth €10,000.
DKgold has more than 6000 account holders who are buying silver. When some of these customers choose to sell back their silver, there are no production or transportation costs involved. The silver bars are already stored in the customs depot and could be subsequently offered to new customers with a discount.
Account holders automatically receive an e-mail when we have more than 15 kilos of silver available during the SALE. You will then be able to buy silver free of VAT against the most competitive price in Europe. The premium during the SALE is just above 1%.
Buying gold is very easy. Through an article in Effect by the VEB, I was alerted to gold buying at DKgold. This is my first time investing in gold, but it is very easy, beyond my expectations.
I am very happy with my account at DKgold. Especially the prices, secure storage and sell-back guarantee are the most important points for me. Many thanks for the service!
First purchase in silver on SALE. It couldn’t be simpler than this. Website is super clear. Truly an ABCs.
During recent years, investing in silver has been very profitable. Since 2007, investments in silver (in euros) have gone up 8.1% on average annually.
This makes silver one of the best performing assets. The price of silver is volatile, as opposed to the price of gold.
This volatility does not suit every investor. For the investor who does not have a problem with volatility, however, buying physical silver offers many opportunities.
Return on investment of physical silver (in euros):
With your DKgold account you are able to buy silver against very competitive prices and free of VAT. Easy and fast!
Create an account and upload your ID, after which you will have access to our platform. Buying silver is possible starting from a weight of 1 kilo.
Once you’ve logged in, you are able to indicate in the dashboard how many kilos you would like to buy. Subsequently, you choose a method of payment and pay for your order.
Through the dashboard of your account, you are able to track the value and the return of your investment. If you wish to sell, you indicate how many kilos and then click on Sell.
Within five working days, we will transfer the proceeds to the bank account number that is linked to your DKgold account.
You don’t have an account yet? Create an account now and place your first order.
If you wish to purchase silver bars combined with safe storage, it is important that you choose a reliable partner.
Doijer & Kalff was founded in 1825 as a small-scale and independent bank. Our core values have remained unchanged since then.
In 2010, Doijer & Kalff was continued by a group of private investors with respect for the reserved banking mentality of the past and established DKgold as our international branch.
By now, DKgold has more than 7000 customers who have bought, or are still buying, gold in combination with secure storage.
Rest assured that every order is immediately executed and stored in your name.
We offer you the possibility of buying physical silver in a safe manner and against very competitive prices. Your account with us combines the traditional aspect of having your physical silver safe in a vault with the ease of an online account.
DKgold is your partner when it comes to the most competitive prices of investment silver, namely those of silver bars free of VAT.
With a DKgold account you are able to buy and sell silver bars starting at a weight of 1 kilo (or a multiple thereof). Our premium starts at €22,- per kilo.
You are able to buy and sell the bars free of VAT. This saves you 21%.
We charge the premium for the production of the silver bars as well as their transportation.
Always make sure that you choose secured and insured storage, combined with a sell-back guarantee.
The silver that you bought is stored in a customs depot. This allows you to buy and sell your silver free of VAT.
Our sell-back guarantee ensures that you know which price you will receive when you choose to sell your silver (at any moment you wish).
The storage costs for silver amount to only 0.8% of the replacement value …
When more customers are selling than buying silver, we have a surplus.
During the SALE, the silver is offered to our account holders just above spot price.
Most competitive price in Europe!
Account holders automatically receive an e-mail when more than 15 kilos of silver have been added to the SALE.
In other words: as an account holder you have access to the most competitive prices in the market!