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Throughout the history of mankind, when paper money is not a thing, many things have been used as money like livestock, grains, beads and now we are using paper money to invest and buy things. But Gold and Silver are the two things which have been used as money for investing for a very long time. Even in this time when paper money is too abundant, people always turn back to the metals like gold and silver for investing and for making wealth. It is within your power that whether you want to transfer that wealth away from you or toward you.
Reasons for metal investments:
Every time when a country or an economy is facing difficulties or inflation, the people as investors shift their money into gold, silver and also some other precious metals. Even analysts are expecting the metals to be a more profitable asset among the commodities class.
Another one of the important perks of investing in gold and silver is that they have great values and industrial applications.
For example, Gold is durable, malleable, good conductor of heat and electricity and also used for making jewelries. Some of the most important industrial applications of gold are in electronics and dentistry. Therefore, it’s imperative to know about gold survival guide in the business market.
As the developed countries are shifting to renewable energy sources, demand for the solar power is increasing day by day along with the prices of silver because of its industrial uses in solar power industry.
Silver is used as an essential material in the manufacture of photovoltaic cells for solar panels. Even during the pandemic, the price of gold has been increasing in value for the past five consecutive years.
Hence, it's not hard to see why they are the best assets to add to an investment portfolio.
How to invest?
1- A lot of people find it difficult to invest in metals like Gold and Silver because of inconvenience and barriers for new investors. But now there are a lot of ways to invest in precious metals like gold and silver. There are even digital apps that allow you to place your investments with just a few taps on your mobile.
One of the most important and popular way of investing in metals would be through exchange-traded funds. When you invest in gold and silver through exchange traded funds you don’t really acquire a claim to the physical metal represented in the fund.
2- The other possible way you can invest in precious metals is by buying the shares of companies engaged in mining precious metals like gold and silver.
3- For the investors who want to hold and hide physical metals such as Gold bars and Silver coins, they should have a place such as a safety deposit box or a vault in a secure place where can put these precious metals.
But in those countries which are on the verge of chaos or in economies that are about to collapse, these investors place their money in bullion. But this kind of investment in physical assets is quite very inconvenient.
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