As a physical asset, it has an intrinsic value, unlike the dollar or other currencies. Silver maintains its value over the long term and does well when interest rates are low and fixed-income investments don't generate much profit. In this way, silver works like gold as an investment and performs a similar function as a safe haven. And some people still do, but instead of burying gold ingots in their backyard, they buy stocks or mutual funds that invest in gold, or even opt for a Gold backed IRA, which has been gaining popularity due to its many benefits and positive Gold backed IRA reviews. So, when you decide to invest in gold thinking that you're going to be “one of the smartest” if the dollar collapses, you may have thrown your money down the toilet.
Investors in companies have multiple ways to earn, and that's why superinvestors like Warren Buffett prefer companies to commodities. I don't want it to sound like a broken record, but like gold and silver, platinum isn't the investment you're looking for. There are several ways to invest in silver, from owning it directly to owning shares in the companies that produce it. In times of uncertainty, people turn to gold with the false assumption that it will be a safe investment.
Having a pre-existing investment in gold can provide you with a valuable asset to sell during a recession, so you can buy other people's undervalued assets without selling your own. The investment information provided in this table is for general informational and educational purposes only and should not be construed as financial or investment advice. Just like when you have a one-dollar bill in your hand, you are sure to be able to have your investment in the form of gold bars or silver coins in your hand (or keep it in your safe deposit box). Unless you want to get into the jewelry making game, investing your hard-earned money in precious metals such as gold, silver and platinum isn't the best use of your money.
Precious metals such as silver have long been an alternative to traditional investments, such as stocks and bonds. That means you should invest in things that make you more money over time, such as real estate and mutual funds. Holding physical silver, whether in the form of coins or ingots, is a psychologically and emotionally satisfying way to invest in silver.
