Friday , 22 November 2024

3 Reasons You Shouldn’t Ignore Silver (2K Views)

If you routinely invest in gold while paying little attention to itsSilver Bars less-expensive little brother, you might be missing out. Silver has performed very well in 2016—up about 20% and is expected to go much much higher over the short and long term for the following 3 reasons.

Reason #1: Historic gold-silver ratio suggests silver has plenty of upside

The simple fact…[is that] silver tends to have a higher price against gold than it does right now. In fact, right now might be the perfect time to buy silver if you read the  chart below correctly.

…[With the] demand for gold surging…it follows that silver may be slated to have plenty of daylight and upward pressure as well. If silver is under-represented in your portfolio, it may be time to consider changing your strategy a little bit and making some more room for the other precious metals.

Reason #2: Gold is “sexy”

Aside from gold’s actual physical appearance, which is both unique and attractive, gold tends to be the “sexy” investment because of its value throughout history… Gold’s price tends to mean that you get more value out of gold coins than silver coins. What’s more, gold is indeed an efficient investment for people with a lot of money to store safely Because gold is so valuable, it only takes a small amount of it to store it securely.

The truth is, however, that gold is a precious metal just like most of the precious metals. Many of the reasons that gold works so well as a store of value…also apply to metals like silver. Silver may not have the sexy prices of gold, but that doesn’t mean silver is any less attractive as an investment.

Reason #3: Silver is a great introduction into precious metals

Maybe the problem isn’t that you have too much gold and too little silver—maybe it’s that you’re skittish about precious metals entirely and don’t own any of either. If so, then owning a silver coin is a great “first step.” It’s not a major expense, and owning some silver will introduce you to the world of physical bullion investing. Learning how to buy, store, and keep silver could be considered great “training wheels” as you eventually work and earn your way up to gold.

The truth is, silver is a precious metal that shares many of the great characteristics of gold. If your own portfolio is too low in silver, maybe it’s time you reconsider its position in your investments.

Disclosure: The original article, by Darren Capriotti, was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
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2 comments

  1. Yet another reason to own Silver is that with China, India and Russia now buying up lots of physical Gold, Silver is in a great position to be the replacement for physical Gold for the rest of the World!

  2. Another reason for acquiring Silver is that it does not have the baggage of Gold, which means people are not as likely to remember that you have any which makes it “safer” to own.