Before investing in something like gold and silver, a lot of people might ask ‘Is gold a good investment?’ or ‘Why should I buy silver bullion?’ This is quite natural and has been going on for centuries.
Any person who is about to invest in something might ask himself whether the asset he is going to be investing in will prove profitable or not. This is especially true for gold. Considering gold and silver are inert metals on which interest isn’t applicable, one might ask the aforementioned questions more often than in any other investment.
Price rising should not be the only reason why you would want to invest in precious metals like gold and silver. In fact, investing in gold and silver bullions will offer you features that other investments would not. As an investor, you would have power because of these advantages. Following are some reasons why investing in precious metals is a wise decision:
Gold and silver are money
While it is true that neither gold, nor silver is used as a currency today, but when you combine both of them, you will find out that they have a value which is far superior to any currency of today. In fact, if you pick up some history books, you will find out that gold has been used as a currency longer than any currency has been used.
One of the longest currencies recorded in today’s world is British Pound Sterling, which is about 1200 years old. Gold, on the other hand, has been used as a store of value for about 3000 years. The same can be said about silver, which has been used more often than gold. There are a lot of dealers, from where you can buy precious metals such as gold and silver.
They are tangible assets
In today’s world, if you invest in anything other than gold or silver, you would not be able to hold it in your hand. That would not be the case when you invest in precious metals like gold or silver, considering you can hold them in your hand. Since technology has evolved so much, and we live in a world with currency creation and digital trading, the silver asset is something that you can carry in your pocket. Even if you are going to another country. Gold and silver are also prone to all forms of hacking and cybercrime.
They are liquid and portable
Another one of the reasons why gold and silver are the ideal investments is that they can be sold any time you want. They are highly liquid, i.e., any bullion dealer will recognize a gold or silver eagle and would want to buy it from you. Moreover, you don’t even have to worry about where you are going to sell them as you can do that by going to any local coin shop, private party, online dealer or pawn shop.
If you need cash or goods, all you have to do is go to the nearest shop, and you can trade them for what you want. You can make investments with various companies such as GoldStackers who can provide you with the best rate.
Industrial use is rising
The industrial use of gold and especially silver, is rising. Silver in particular because it is being used to manufacture a lot of products that consumers utilize daily. Ranging from electronics to medical applications, batteries to solar panels, these are just a few examples of how silver has made its way in your daily life.
In fact, the demand for silver is the largest in industrial uses. Initially, the demand was 11%, when silver was just being utilized in coins and bars. But now, the demand has increased to 56% due to its usage in the aforementioned uses.