Im new to these market, but am wanting to invest. Which is better, gold or silver? Id like to stock up on silver since it is cheaper and I could buy more of it giving me something to show for my money. But is gold the better choice?
With this logic I'd suggest buying toilet paper, it's even cheaper and you will be able to fill whole rooms with a tiny investment. I'm not into investing in metals, but you really didn't expect investing to be so easy as to put up a post on a forum and someone will tell you what to do? Especially when you tell us absolutely zero about what your investment goals are. Do your research and you will be able to make an educated guess to see if either of these products suit what you are looking for.
This would totally depend on how much you're wanting to invest, Jaydon. Personally buying silver never seemed worthwhile to me, and we've always gone with gold when buying. Now that said, if you have $25k to start investing, I'd go with gold. But if you have $300... well that's just not going to work with gold.
LOL Crimsonghost, that got a big chuckle out of me As for the question, I think gold is the best investment, but you need a significant amount to seriously begin investing in it.
I have over $300 less then $25,000. And @ crimsonghost747: I was not completely serious with the having something to show for my money sentence. I'm just trying to gain some extra info as I am new to this. I might not even invest in gold or silver. Not about to jump right in until I feel like it's a good idea.
Personally, I keep about 10% of my $ in gold, more or less, via ETFs. I generally buy at least $5-10 worth of gold for every $1 in silver (also via ETF) that I buy. I like silver, but I like gold better. I don't know specifically what your own goals, time frames, risk tolerances, etc are, but at least a little gold in a diversified investment portfolio is generally a good idea IMO. But you can certainly have both.
I really can't advise because I am not an expert either, but it seems to me that gold is more attractive to investors than silver and there's got to be a reason to it.
I should add, JaydonTyler, that when I personally talk about buying gold, it's *always* about physical gold... coins, bars, etc. I don't know much about trading, stocks, etc. at this point, and my answers here will always reference that. Until JR asked me a few days ago if I was talking about physical gold, it hadn't even occurred to me that there were other ways to invest in it.
Have you considered gold ETF's? They are backed by actual physical gold. ETF's are very easy and quick to trade and you don't have to store it yourself.
No, I haven't, JK... I'm sure I'd consider it if I'd know more about it than I do. My investing has been solely real estate and gold. And a *teeny* little bit of stock that I was glad to find a way to get rid of. Now that I've seen ETF's mentioned here more than once, I'll need to find out what's involved. On what level do you consider the safety of it? Not having to deal with the storage issue *would* be a nice change, but if there's any risk factor at all (again, no idea at this point what it is, so maybe there's not) then I'd probably keep it status quo because with physical possession, there isn't that risk. (Well, not if it's stored wisely, that is.)
