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Which Is A Better Investment Currently, Silver Or Gold?

  1. PhoenixV profile image76
    PhoenixVposted 5 years ago

    Which Is A Better Investment Currently, Silver Or Gold?

    Which Is A Better Investment Currently, Silver Or Gold?

  2. LandmarkWealth profile image79
    LandmarkWealthposted 5 years ago

    Silver has far more use in terms of industrial usage.  Gold however is the only thing that money/currency is truly benchmarked against.  While most Gov'ts tend to no longer use this standard, the investment  community still does.  The direction of the price of gold will most likely be determined by the actions of the global central banks.  If they continue to attempt to print their way to economic prosperity, the price will be much higher.  If not, and they allow fiscal authorities to pursue greater austerity, the opposite will be true.   My personal view is for at least the next few years, you can expect increased printing of global currencies and higher gold prices.  In reality the direction of policy will determine this.

  3. greeneryday profile image80
    greenerydayposted 5 years ago

    Silver and Gold both are better options for long term investment, but I prefer gold over silver because it has more value

  4. clemchambers profile image41
    clemchambersposted 5 years ago

    Gold and silver are the classic precious metals. If you want to buy these to hold, as physicals, long term, silver has the advantage of being cheap to buy in small amounts. Gold has the advantage of being physically smaller. As far as trading silver or gold goes, there is little difference as the differential in gold/silver pricing changes with the mood of the market so it's anyone's guess which will outperform the other in the long term. Over history, gold to silver ratios have changed from 5 to 80 in terms of how much more times gold is worth an ounce; although 16 to 40 times is the modern range. Recently, silver has been the most volatile which suggests silver should outperform gold but this argument is a technical one and most people will select silver over gold because of the satisfaction of owning kilos over ounces, or its practicality as money in extreme times.

  5. Gold Buyer MI profile image75
    Gold Buyer MIposted 3 years ago

    Our research indicates that industrial demand for silver will continue to grow, driving prices higher. Silver is at a very affordable price, around $20/ounce. It quadrupled in 20 years.

 
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