There is so much evangelism on this subject of should you buy gold or silver. I bet if you were to print it out on paper it would probably reach the moon. There is one school of thought on the subject matter is to hoard your gold get all you can for when SHTF. When the dollar tanks you will still have something of value. The gold hoarders believe that the fiat currencies are going to let down mankind and all they have worked for will go down the drain with fake money. The true die hard gold fans still believe that gold will mean something even if societal normalcy breaks down. I do not really want the answer to the last part of this question. I now sit here wondering when I see the news saying that inflation is coming soon. Should I go buy some silver because I can’t afford gold.
Then the debate turns into some other worldly beast as different YouTube channels inject their beliefs into the fray. One channel says do not buy physical gold or silver. The other channel gives reasons why you should own physical gold or silver. What if you have to store it at your house and you have a fire? What if the government comes to take all of your gold? What if you have a fire at your house? Therefore you need to buy ETFS or certificates not the physical. The other side is gold had value thousands of years ago as currency and still has value today. I could say the same identical statement about silver and it could easily be proven true. If you are looking for a company to invest with, Hard Assets Alliance is a great option. Hard Assets Alliance is trustworthy and can help you with your investments.
We all have a since of that something wrong is about to happen and we really want to be proactive to protect our assets. The first thing you need to do is not act haphazardly when it comes to investing in anything. This means doing your due diligence by researching the market. We need to know what is the ratio of silver to gold. Right now as I am writing this article many people are unaware of just how much silver contributes to the green industry. It is used in solar panels and electric cars plus all sorts of high tech devices. Silver is a real industrial metal and as of late many countries are buying lots of it. No one wants to get left behind in the industrial revolution. There is China, Russia and America all after the same silver.
The point I am making is silver is probably going to rally soon. Gold of course is more expensive to buy. There are times like in 2011 when the price dipped and people who had lots of silver sold their silver to to buy gold. Silver is the cheapest way to get into buying metals if you are on a budget. Think about drastic regime change if you had to leave your country gold and silver is valued everywhere. I know this is a charged situation ,but since the pandemic you have to ponder what’s next. Let us just says a mixed portfolio of both is good if you can afford it. Please remember that silver is easier for the smaller budget to get into precious metal markets.
There is nothing wrong with wanting to protect your family during a super fiasco financial crisis. So the answer would be to add either or both precious metals as your investment. We have history on our side and neither one loses value over time. A money wise investor is going to keep on the lookout for ways to invest. No matter what goes on in the global economy it can never hurt to prepare for the worst and hope for the best. During this time of uncertainty of how the world is going to get out of the pandemic gold and silver would be the best back up currency one could have right now. Keep on expanding your purchasing power and gather as much silver as you can as the green economy grows it will be a super power investment.