Many are seeing the benefits of gold as investment during this down economy. Chains that have completed the shaping process often undergo an additional electroplating process. This is where a very thin layer of an even more precious metal like gold or rhodium are plated onto the sterling silver through an electrochemical process that achieves a nearly flawless coating all over the chain. Plating is done with a number of benefits in mind, and is frequently used to change the colour, reduce the possibility of tarnishing, or increase the hardness.
What was once only watched by central banks, insurance companies, and gold miners suddenly has become as mainstream as IBM and Microsoft. In fact, I would say that gold is even bigger. Indeed, it’s arguable that gold has become the world’s third most important currency. As the financial crisis of 2007-2009 unfolded, many people flocked to gold as a safe haven” investment The average small retail investor can easily invest in gold through exchange traded funds, or ETFs.
Don’t expect a money manager at a big bank to recommend buying gold and silver. Chances are they won’t even mention precious metals. They tend to stick to stocks, bonds, mutual funds, and sometimes annuities. Gold and silver aren’t in their wheelhouse,” so to speak.
If you’re weighing silver against gold as an investment strategy, it’s important to note that silver tends to fluctuate in price more than gold. Metal-based commodities are based on demand, so you’ll likely find that the value of your investment relies heavily on international demand over the years. Gold tends to be less affected by supply and demand than other commodities since it holds a sentimental value that other metals don’t.
2. It’s tangible money — While cash, mining stocks, bonds and other financial products are accepted forms of wealth, they are essentially still digital promissory notes. For that reason, they are all vulnerable to depreciation due to actions like printing money. Silver bullion, on the other hand, is a finite tangible asset. That means although it is vulnerable to market fluctuations like other commodities, physical silver isn’t likely to completely crash because of its inherent and real value. Market participants can buy bullion in different forms, such as a silver coin or silver jewelry, or they could buy silver bullion bars.