Gold or Silver investment, which should I go for?
I know you’re interested in buying precious metals and that’s why you’re asking this question. In this article, I am going to explain you to in detail so that you can be well-informed. The fact is that both gold and silver are precious metals.
This means they’re scarce on this planet, and those who have them really have an investment they can be proud of. That’s why some people want to invest in them. Now I’m going to discuss the differences between them. This will keep you informed as regards investing in Gold or Silver.
Silver is Affordable Compared To Gold
Silver looks like gold. But it’s relatively affordable when compared to gold. If you purchase physical silver, not paper certificates, or future contracts, you nearly get the same value as gold. Both are physical assets that one can be proud to own. You don’t have to bother about being hacked in the case of digital trading. For an investor who is on a low budget, Silver is an option. You don’t stand any risk of losing it, and the value appreciates with time.
As an investor, it’s easier to sell some silver to meet some personal needs like the purchase of a new car and house than gold. It costs the refiner a little to produce a tenth ounce of gold for sale, which is not the case with silver. You won’t want to sell a full ounce of gold just to meet a small personal need.
Gold Requires Less Storage While Silver Requires Much
Silver may be more affordable than gold. But when it comes to storage, it takes more space than silver. Pure silver is almost 84 percent larger in volume than pure gold. It implies that at the same dollar value, silver takes up to 128 times more storage space than gold.
Let me give you an illustration to make it clear to you.
You can have $100,000 worth of gold in one hand, but it will take about 20 large boxes to have the same dollar worth of silver.
A $100,000 worth of silver weighs about 378 pounds, while the same worth for gold is 5.2 pounds. You can see that the difference is clear in terms of storage. It’s easier to hide gold in a pot, but that’s not the case with silver. Whether you buy it in coins or in bars, you will definitely need a large space to store it.
Financial Implications
Since silver requires more storage, the professional storage fees are also high as you deposit more silver coins or bars. The situation is the same if you want to move your silver metals from one place to another. It may be costly, hard, and stressful. Also, if you don’t store your silver metal in a cool dry place, it may rust.
But gold doesn’t rust. So you don’t have to worry about rust if you invest in gold.
Gold Stockpiles Are Rising While Silver Stockpiles Are Falling
If you’re an investor who is considering which is better to invest in gold or silver, know that silver stockpiles are falling and that’s why institutions, organizations, and governments that have large stockpiles no longer do so.
Countries like Peru, Mexico, China, the United States, and India are the few that still stockpile silver. The main reason the government of nations doesn’t stockpile silver is that it is no longer used as coinage. But for industrial purposes, silver is still needed, and its demand may arise in the future. These are things that happen behind the scenes that you can’t see as an investor. That’s why you need to consult experts in gold and silver investment when you want to invest in them.
Gold Has Less Industrial Use While Silver Has More
According to Globalfetfs, gold has about 10 percent industrial use, while silver has about 60 percent industrial use. Silver is a cash cow when it comes to industrial production. It is used in the production of electronics, films for photography, jewelry and silverware, and antibacterial drugs. You may ask why it has higher industrial use than gold.
This is because the current status of the global economy has more demand for silver than gold. Most of the economic activities that boost the economy of nations come from technology, of which electrical and electronics are an integral part. Thus explaining why silver is in high demand industrially.
What are the implications here for investors?
Silver used in industrial processes is consumed and thrown away. In a few cases, it may be destroyed and never recovered. That’s not economic advantage. The implication is that after they have been thrown away, little or no silver is returned for recycling.
Unlike gold, millions of silver ounces are lost annually. Meaning that a new supply must be made to meet up with the industrial demand.
The Price Of Gold Is More Stable Compared To Silver
The supply of silver is estimated to be 1 billion ounces, and that of gold is about 120 million annually. This means that silver is in high demand and gold. But even that, silver’s annual value is lower than gold, which has 8 times more market demand. Because the supply is high, the price won’t be stable as people are likely to sell at any price since there is much demand for it.
That’s why those who know the value of gold invest in it because the price isn’t as volatile as silver. But if you choose to invest in silver, be ready to embrace its volatility and act quickly to sell when the price is high to avoid heavy loss. Also, target when the prices are low to purchase as an investor and sell when the prices go up. All these are what you need to consult an expert who will guide you when investing in either gold or silver.
Is It Good To Invest In Gold?
Gold is a precious metal that you should invest in if you’re looking for a lifetime investment. You can invest in physical gold, gold ETFs and Funds for Funds. You don’t have to invest millions of dollars. With $15,000, you can invest in gold. Over the years, you’ll see your investment grow.
Why You Need To Invest In Gold
Are you excited about what comes with gold investment? Here are more reasons you should consider investing in it.
Ideal Hedge Over Inflation
During an economic downturn and high inflation, gold has shown positive results. Its value rarely depreciates when the market turns volatile. It’s a precious metal that appreciates over a long period.
Investment Diversification
As an investor, purchasing gold is another way of expanding your line of investment. That way you increase your investment portfolio.
Start With a Small Amount
As I stated above, you don’t have to break the bank before you invest in gold. With $15,000, you can purchase gold of any kind, be it physical or gold ETFs.
Easy To Sell
For any reason, you want to sell your gold investment, you can easily liquidate it. This is because many people want to own gold and are willing to buy it at any opportunity they see.
Tax Advantage
Some gold funds you’ll purchase are seen as non-equity products when it comes to tax within a period of time. But this depends on the investment company you deal with.
How To Invest In Gold
Investing in gold involves you identifying a gold or other precious metals company that has a good rating which you can go with. There are a lot of gold investment companies out there.
Regal Asset is one of the best companies you can think of when it comes to gold, silver, crypto, and other precious metals.
Why Will You Invest In Gold, Silver, Crypto, And Other Precious Metals With Regal Assets?
It’s an official member of the Forbes Finance Council.
It’s the first gold and other precious metal investment company in the entire industry to offer a live videotape. This video shows when a client’s metals arrive at the depository for retirement accounts.
It offers segregated storage to ensure the client’s metals and cryptos are separate and not mixed.
It offers retirement accounts the option to be stored overseas without taxes or penalties.
A 7-day guarantee of shipping for direct purchases to give you the client peace of mind about your transaction.
It can buy gold, silver, and other metals including cryptos back from you any business day of the week. Also, your funds will be credited to your account within 24 hours of the sale.
Experience and dedicated staff are looking forward to answering all your questions. Providing clarity without being pushy or aggressive.
Regal Assets provides the necessary education to make sure you’re 100% comfortable moving forward with the investment.
Multiple storage options for not only United States residents, but also other most stable and secure financial jurisdictions.
Providing a transparent fee and commission schedule. You’ll know everything it costs before you commit any penny to the investment.
Non-push approach to investing. It focuses only on the product that suits your individual need as an investor.
Investment in gold, silver, and other precious metals is simple when you’re guided by an expert.
Contact an expert today.
Frequently Asked Questions On Gold or Silver Investment
Let us look at some questions you ask about gold and silver investment.
Is Gold Investment Worth It?
Investing in Gold is worth it. Gold has a hedge over inflation and likewise deflation. For an investor, it’s a recommended means of diversifying your investment portfolio, which will pay off in the future. Gold takes little space for storage, unlike silver.
A $50,000 dollars worth of physical gold can be stored in your cooking jar, which makes it easy to move about with no risk. Also, pure physical gold doesn’t rust like silver, which is easily oxidized if not properly stored in a cool dry place. As a valuable asset, it can provide financial stability during economic uncertainty.
Is Gold Investment A Good Idea?
Yes, it’s. You may doubt it because you’re yet to invest in it. The feeling that you’ve an asset that appreciates more than it depreciates makes it a good investment idea. Precious metals like Gold are worthy and reliable investments that pay off in the future. They are needed industrially, hence boosting their chances of appreciating more.
What Is Gold Investment Price?
Some people get scared when they hear about gold investment. They think they have to break the bank before they can invest in it. With Regal Assets, one of the best precious metal investment companies, you can begin with $15,000. As time goes on, you can increase your investment.
When Should I Invest In Gold?
Statistics have shown that people 40 years of age and above invest more in precious metals like gold. This is because they want something that can yield future profits when they are retired. But that doesn’t mean that you can’t invest in gold if you’re not up to that age. Provided you have a legitimate source of income, and you’re ready for investment, you can invest in gold.
How Much Should I Invest In Gold?
I will suggest that you first get familiar with the gold investment company you have settled for. Interact with them through calls, emails, and office visits. They will guide you on how much you should invest in gold.
At Regal Assets, a dedicated expert mentors you based on what you want. Giving a clear view of the investment you want before you invest in it. However, I will advise you to start with a small amount first, then scale it up later. With Regal Assets, you can invest $15,000.
Conclusion
The decision to invest in either of the precious metals is left for you to make. Gold and silver are precious metals that one can bank on for future profits. Whether in the physical purchase, gold, or silver ETFs, you have an investment that can benefit even your next generation.
Try silver if you want to invest in precious metals but don’t have money to invest in gold. But gold has more monetary value and return on investment than silver. However, you need an expert who can guide you to make the best decision based on your needs. Contact an expert at Regal Assets today.
