People would often ask if in this tech age, gold and silver are still solid investments, the answer would depend on your investment purpose. Are you prepare to go all out or would want to test the waters firs? Investing is tricky, and the same thing applies for investing on silver. Precious metals are different from stocks and bonds, and that’s an entirely different topic we can cover some other day. The point is, they’re all risky. There are risks. You are putting your assets at risk. Why? It’s because you want a shot at greater rewards – that’s why. Investing is a high risk, high reward kind of thing.
But if you’re prepared, and if you know exactly what you’re doing, then you’ll never be in the dark. You’ll know how to play the game. You’ll know what to do with your assets so that you don’t lose the money you’ve worked so hard on. It’s a gamble, sure. But if you don’t go into it with your eyes shut tight, you’re gonna reap plenty for it.
What is the difference between silver and just plain money? Well, for starters, paper currency is extremely unstable. Its value fluctuates every so often, for it is affected by various economic factors. Some people fear that when the economy falls down, the value of their hard-earned money will take the plunge as well. And so they convert some of their wealth to the much more stable precious metals.
Gold and Silver Investments are at All-Time High!
Gold and silver are priced high, and they usually stay that way for long periods of time. That’s not to say they aren’t affected by the economy, but their relative stability compared to paper currency makes them a suitable shield for economic problems. You can buy gold or silver, and then just resell them someday, hopefully at a higher price than you got them in the first place. It’s a good way to preserve your wealth when everything is falling apart financially.
Investing in silver is a good idea because they are stackable, easy to store, and they retain their value. The main reason silver is such a big hit these days is its growing industrial demand. Day by day, people are discovering new and better ways to make use of silver. It now has medical applications, as well as uses in electronics, food processing, water treatment, building materials, textiles, paper, and even some consumer products such as soap! If you want to invest in silver you have to know that it has more industrial use than gold. Therefore, the industrial demand is high for these precious metals and the forecasts are pretty good. You’ll want to be one of those who have silver when people go running out of it.
Gold is viewed as a store of value, and rightly so. History tells us that having too many investments denominated in one currency is a recipe for disaster. As gold has risen in value over the last decade, the value of the U.S. dollar has declined. As the financial crisis of 2007-2009 unfolded, many people flocked to gold as a “safe haven” investment. The average small retail investor can easily invest in gold through exchange traded funds, or ETFs.
So, YES investing in gold and silver is STILL definitely a good investment for 2017 and 2018 – beyond.