Deciding to invest in precious metals is great choice. Deciding which precious metal to put your money in to is a harder choice. We always recommend to diversify between gold, silver and platinum. Today I want to highlight 3 great reasons silver should not be overlooked.
1. It's more affordable than gold
Acquiring silver is much easier for the general population than gold. While silver is at around $14/oz right now, gold is at $1100/oz. So not only can you acquire roughly 80x the amount of silver vs. gold, you may will probably be able to liquidate it quicker if you need to. The affordability will always make it a solid investment in your portfolio.
2. The Gold to Silver Ratio is in silver's favor
Throughout the 20th century, the Gold to Silver Ratio has been 1 to 50. That means that one ounce of gold is the same cost of 50 ounces of silver. Currently, that ratio is 1 to 80. As prices move back to the historic trends, silver's value will increase at higher rate of return. In 2011 when silver was at $37.99/oz, the ratio was 1 to 38. Take advantage while the ratio is in your favor!
Whether you are a seasoned investor or someone looking to invest in their first coin, we can help educate you and guide you through the process. We look forward to helping you out soon!