Gold Or Silver – Which One Will Earn You More Profit?

Precious metals are the most lucrative assets you can own and it’s been this way since ancient times. In fact, gold has been used as currency before paper money even became a thing!

Precious Metals versus Stocks

Remember the 2008 financial crisis? It ruined the economy and people who had invested money in stocks lost a lot of their money. In fact, major companies like Lehman Brothers went out of business as a result of the crisis.

This, in a nutshell, explains how volatile the stock market can be. The problem with stocks is that their value plummets at the slightest sign of trouble. There’s always a chance that you’ll end up losing your investment.

Precious metals, on the other hand, are a much more secure investment. That’s not to say that their rates don’t fluctuate. However, on the whole, investing in precious metals is a much more secure option, especially if you are looking for long-term investment options.

Even though there are different kinds of precious metals, gold and silver are the preferred options for investors. Let’s find out which one of the two is more profitable:

Silver

Also referred to as ‘poor man’s gold,’ silver performs really well on the precious metal market; this is because it’s used for both industrial as well as investment purposes.

Compared to gold, silver is affordable and in abundance. However, this also affects profitability, because the smallest amount of variance can have an impact on its overall price. Therefore, its prices vary.

Sometimes, silvers prices are higher than that of gold; on other days, the prices are significantly lower. That makes investing in silver risky.

Gold

Gold is a great safeguard against inflation. For years, investors have used it to preserve the dollar’s intrinsic value.

Compared to silver, gold is a much more reliable investment since its prices usually stay the same. While it’s true that gold prices took a hit in the previous year, however, by the end of 2018, the market had recovered and it’s expected that in 2019, the gold market will continue to grow.

Of course, gold is a lot more expensive than silver and because of that, selling gold is also a lot tougher. This can be a problem if you need to urgently raise finances. 

Thinking of investing in precious metals? Get in touch with Orion Metal Exchange. They’re precious metal investment dealers who offer assistance to people who want to invest in gold coins or silver.

They also offer additional services which include secure vault and home safe storage. You can contact them at 1-800-559-0088.