The Beginners Guide to Investing in Gold and Silver
Although precious metals like gold and silver are considered an old-fashioned approach to investing, in reality, these old storehouses of wealth do play an important role in a modern portfolio. An ounce of silver or gold has the same recognized value globally, which makes these metals easy to trade. This article outlines why you should invest in these two precious metals and should act as a guide to investing in gold and silver. Today, many people are asking themselves “should I invest in gold or silver?” After the two world wars and the great depression, many Europeans were exposed to the horror of losing all their wealth in a crisis. As a result, they have always been more open to storing part of their wealth in form of precious metals. Since the U.S. has never experienced a severe crisis, other than the 2008/2009 recession and mortgage crisis, demand for gold and silver in the region is lower compared to Asia and Europe. However, in the last decade, a long-term trend of investing in silver and gold has steadily been on the rise in the U.S. More and more Americans want to invest in gold and silver because they realize the […]