Sorting out the issue of investing in gold (as the most popular precious metal), inevitably begin to be interested in the similar tools of investing money.
The first thing that comes to mind – is silver. It should be noted that the quotes of silver are moving often quite similar to the dynamics of the gold (most clearly seen in the crisis years, when the tendency of investors to protect their capital rises and therefore demand for precious metals increases).
Nevertheless, the relative price of gold and silver (i.e., the figure for how many ounces of silver you can buy an ounce of gold) is constantly changing (that is, in some periods the silver increases faster than gold, in others – on the contrary).
Now the silver relative to gold is rather cheap. A well-known Kiyosaki scares everybody by the depletion of reserves of silver in the world and the fantastic growth in its value. Perhaps, these fears are premature, but it is definitely worth attention.
Now many experts are inclined to believe that investments in silver in the long run are quite good. First of all, we must note that silver – in any case, is a reliable investment. Silver as a commodity is almost more valuable than gold, it is not only used in the jewelry industry, but also necessary in the art, for example, in instrumentation.
How can I invest in silver?
First of all, this is investment coins. Silver also is available in the form of bullions.
In addition, silver and gold can be “bought” in the form of metal bank accounts.
What are the differences between investing in silver and investing in gold in practice?
In my opinion, the main differences are two:
- The system (infrastructure) of investments in silver is less developed, so that residents of small towns, perhaps, will not be able to find the services suiting them.
- Investing in silver is more convenient for small private investors
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