Should We Buy Both Gold And Silver Bars?
In a world which struggles with a lot of economic issues, we often ask ourselves what makes a safe investment.
We are more and more confused about where we should keep our money this year.
The prevailing atmosphere in 2010 was uncertainty.
And this year looks quite tough for investors too.
If you have never tried buying gold or silver bullion, there are certain aspects you should pay attention to.
Be careful how and when you buy these precious metals.
Talk to experts in order to become familiar with the market and avoid scams.
But also, trust your own instincts.
Stay informed, watch the price charts every day and always purchase small amounts at a time.
In 2010, gold gained more than 26% and reached an all time high of $1400/oz.
During the previous years, the price of silver also rose against the major currencies, reaching $27.
50/oz, compared to $17.
57/oz last year.
The price of silver is more volatile than the price of gold.
You can never know what is going to happen next, but, specialists expect a big rise in the price of the silver, due to the Asian market, the growing weakness of the dollar and the general high demand for this precious metal.
Those who are strong at heart can test waters with both metals.
If you want to diversify your portfolio, also gather information on the price of platinum.
Gold and silver are a safe investment in times of uncertainty, but, just like any other form of investment, they have elements of risk.
Before making any investments, make sure you know everything about your dealer, choose certificates if you don't want to store anything and rent deposit boxes if you have decided to invest in physical gold or silver.
You can also invest in mining stocks, futures or mutual funds.
There is no rule dictating how much precious metals we should own.
Some prefer to keep their money at the bank or to take a risk on the stock market.
But if you want to put yourself at shelter on the background of an unstable international situation, buying gold or silver bullion could be a good solution.
We are more and more confused about where we should keep our money this year.
The prevailing atmosphere in 2010 was uncertainty.
And this year looks quite tough for investors too.
If you have never tried buying gold or silver bullion, there are certain aspects you should pay attention to.
Be careful how and when you buy these precious metals.
Talk to experts in order to become familiar with the market and avoid scams.
But also, trust your own instincts.
Stay informed, watch the price charts every day and always purchase small amounts at a time.
In 2010, gold gained more than 26% and reached an all time high of $1400/oz.
During the previous years, the price of silver also rose against the major currencies, reaching $27.
50/oz, compared to $17.
57/oz last year.
The price of silver is more volatile than the price of gold.
You can never know what is going to happen next, but, specialists expect a big rise in the price of the silver, due to the Asian market, the growing weakness of the dollar and the general high demand for this precious metal.
Those who are strong at heart can test waters with both metals.
If you want to diversify your portfolio, also gather information on the price of platinum.
Gold and silver are a safe investment in times of uncertainty, but, just like any other form of investment, they have elements of risk.
Before making any investments, make sure you know everything about your dealer, choose certificates if you don't want to store anything and rent deposit boxes if you have decided to invest in physical gold or silver.
You can also invest in mining stocks, futures or mutual funds.
There is no rule dictating how much precious metals we should own.
Some prefer to keep their money at the bank or to take a risk on the stock market.
But if you want to put yourself at shelter on the background of an unstable international situation, buying gold or silver bullion could be a good solution.