Choosing between buying gold or silver depends on a number of factors, including your investment goals, risk tolerance, personal preference and budget. Here are some factors to consider when deciding between gold and silver:
- Historical performance – Gold and silver have both historically been used as a store of value, but they have performed differently over time. Gold has tended to outperform silver during times of economic uncertainty, while silver has tended to perform well during times of economic growth and stability.
- Volatility – Silver is generally more volatile than gold, which means that it can experience more dramatic price swings in a short period of time. This can lead to higher potential returns for investors who are comfortable with higher levels of risk.
- Availability and affordability – Silver is generally more widely available and more affordable than gold, which can make it a more accessible investment for those with a limited budget.
- Purpose of investment – Consider the purpose of your investment. If you are looking for a long-term store of value, gold may be a better option due to its historical track record. If you are looking for a shorter-term investment that has the potential for higher returns, silver may be a better option due to its higher volatility.
- Personal views and beliefs: Just like stocks or other investments if you feel that silver has a larger % upside than gold then buy more silver. Some people for instance believe the Gold to silver ratio over the last 20+ years is too high and out of whack, thus they believe that silver is going to make significantly higher percentage gains than gold.
Ultimately, the decision to invest in gold or silver should be based on your individual investment goals and risk tolerance. It may also be beneficial to consult with a financial advisor or investment professional to help you make informed decisions.
