My wife and I both want to start investing in precious metals. We have been watching our own investments – a mix of stocks and mutual funds – perform relatively poorly over the last three years, and now we have decided a change is needed.
The returns on our equities have been so flat that it almost feels as if we’ve wasted the past three years. Now that we have decided to diversify, we need to decide which precious metal to buy. There is gold, silver, platinum, and palladium. We could understand all the complexities to beginning to invest in silver, but since we started its been a rewarding experience. The issue is whether to invest in silver bars or in silver coins. Beginners I think should consider investing in silver coins, smaller investment up front although 1 ounce bars can also be worthwhile. Silver investors continue to flood the market as the Government continues to do nothing about economic growth.
Of the four, we selected silver, mostly due to its relative affordability compared to the other three precious metals mentioned above. For the price of one 1-ounce gold coin, we could have approximately fifty-five 1-ounce silver coins. I know they say nothing is as good as gold, but in this case, I would rather have the flexibility that silver offers.
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