Precious metals are the original form of wealth, so it’s no wonder why those who are particularly aware of global instability set their sights on investing in silver or gold.
Unlike mining stocks, or even cash, silver bullion is physical wealth that cannot fall below a certain value, so it’s safe in that respect. A somewhat questionable year might have some wondering whether buying silver is the right move at this point, but it could prove the smartest moment to invest in precious metals.
Buy low, sell high—that’s good sense when it comes to any investment. In 2019, the silver market has been somewhat flat. That may not inspire potential investors with much confidence, but a closer look tells a different store.
Silver has once again begun to tick upward, so although investing in silver is still quite affordable, demand for silver is bound to increase soon. Plus, investing in commodity exchange-traded funds (ETFs) like silver and gold means investing in tangible wealth—these items aren’t going anywhere.
Historically, silver prices have always bounced back from lulls like the one it experienced for most of 2019. Choosing to invest in silver while the spot price is low means making a safe long term bet that a trend which has held true for hundreds of years will continue.
Those familiar with the world of precious metals are probably wondering, “is investing in silver better than investing in gold?” The answer, once again, depends on timing. Right now, an ounce of gold costs about $2,200 AUD. To put that in perspective, the price of gold for one ounce is more than 80 times that of silver for the same amount.
This gold silver ratio is important for several reasons. First of all, it suggests that price of gold may be tapering off—things can only get so high before they experience a period of ebb and flow. In turn, it may actually be a better time to sell gold coins and cars than to buy them. What’s more, with silver bars and coins currently worth so much less than gold, they have massive room for improvement.
Both gold and silver have had their moments in the sun throughout history. Right now, it just happens to be the right time to invest some money in silver bars and coins, like the Silver Eagle.
Since it’s clear that now is the perfect moment to invest in silver bullion, all that’s left to do is take the plunge. Figure out exactly how much you’d like to invest, then be sure to find a reputable company like Gold Buyers Melbourne who can help you through the process with fair and transparent pricing.
Don’t miss out on the opportunity to buy and sell silver bullion while the moment is right—visit us today to see how we can help you.
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