Is it wise to buy gold and silver?

It all depends on your position in the market and the state of your portfolio. This is a semi-predictable speculative asset that can make you earn real money. Buy gold or IRA Gold and silver if you invest for when times are bad. While both gold and silver have attractive features, gold is the best investment for the average investor in precious metals, but IRA Gold and silver can be a great option for those looking to diversify their portfolios. Gold has a much larger liquid market, driven mainly by investment and demand for jewelry.

The price of gold is also less volatile than that of silver. Therefore, silver is ideal for investors with small budgets and also for any small financial need that may arise in the future. Gold is more suitable for larger purchases. Investors should avoid taking physical possession of their gold or silver unless they believe there is an emergency.

If you think about the global obsession with gold, it's easy to get carried away by adventure and mystery, such as searching for gold during the gold rush, pirate ships and treasure maps. Jeff speaks regularly at conferences on precious metals, is a member of the board of directors of Strategic Wealth Preservation in Grand Cayman and provides exclusive analysis and market commentary to GoldSilver clients. There are many variables used to answer this question, but once you become familiar with and explore the extraordinary variety of gold and silver products, you'll begin to get an idea of what's good or bad compared to the spot premium. And some people still do, but instead of burying gold ingots in their backyard, they buy stocks or mutual funds that invest in gold.

Nor am I telling people to liquidate their investments and put everything in precious metals (gold and silver), especially if they have made solid profits or don't have much capital to work with. When you buy month after month, regardless of what the market does, in general terms, you get the average gold and silver prices for that year. When it seems like the world is going crazy and the news cycle is filled with a constant stream of bad news, you may be tempted to make foolish financial decisions, such as opting for a “better bartering system” based on commodities such as gold or silver. However, silver doesn't have as much upward potential as gold because today there is more silver available on Earth than gold.

Unless you want to get into the jewelry making game, investing your hard-earned money in precious metals such as gold, silver and platinum isn't the best use of your money. A common misnomer is that you'll pay a premium for gold and silver when you buy them, but when you go to sell them, you won't even get a spot price. At current prices, the same investment in dollars will allow you to obtain approximately 80 ounces more of silver than gold. This always has a double effect, since it is always predictable, so the value of the dollar decreases and the demand for gold and silver increases dramatically because the industry tries to accumulate reserves just like investors.

But if you just want to buy food or a new mobile phone, you can sell some silver to cover the cost of those items at that time, without having to liquidate your gold. Therefore, if the economy falls into a depression and demand for specific metals increases, prices should rise accordingly if gold and silver are purchased. When it comes to buying precious metals, the first thing you'll notice is that there are a large number of places, whether online or in physical locations, where you can buy gold and silver.