Generally speaking, those interested in precious metals and who want to protect their assets from inflation have a decision: should I buy gold or silver? This is a great question and there are many debating factors to consider before any choice can be made. There is no simple answer as every portfolio and individual is different.
The goals might be different for example is it a short-term hold or a long-term hold. The financial situation could be different. For example, is the investor part of the 1% wealthiest crowd, or is it someone who has worked their entire life only to accumulate a smaller amount for retirement. Storage is yet another thing to consider whereas 1 ounce of gold takes up a lot less space than its equivalence in silver which today is 90 ounces.
But the real answer to the question – should I buy gold or silver is simple: both! People diversify for several reasons. Not many years ago 17 ounces of silver was equivalent to 1 ounce of gold, today it’s 90:1. This scenario makes silver look mighty attractive when you factor in history. Today’s economy demands diversification; there’s just too much volatility and risk. You have to cover all the bases!
It just doesn’t make sense to not have these kinds of conversations even if it’s with yourself. Should I buy gold or silver is what many people are trying to decide, but what it boils down to in the end is your personal preference. A well-balanced portfolio could be key to your financial survival. If you’re top heavy in dollars while the dollar is being heavily inflated, there’s a good chance at some point gold and silver bullion could be unaffordable!