Topic > Investing in precious metals - 588

Investing in gold or silver is a good way for many people to diversify their accounts. These are time-tested precious assets. In ancient times, gold was often used as money. It was later used as collateral for a nation's wealth. In the past, silver was also used as money. Today it is the most useful industrial good after oil. Physical gold and silver are finite resources. There is enough investment gold for each living person to own only a third of an ounce. Investment silver is even rarer. There's enough for everyone to have just 1/14 of an ounce. When considering gold or silver, the key is to understand the benefits and risks of each type of investment. You must first decide whether you will work with a long-term investment or a short-term investment. You also need to decide whether you are considering this investment simply to protect your wealth or whether you want to make some kind of profit from your business. There are several ways you can own precious metals. The most conservative strategy is to buy physical gold or silver....