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Here we come to one of the perennial questions… Which is better, gold or silver?
There’s always a debate on gold vs silver but thanks to those who are not very fond of the latter, gold always wins. One should note though that the market is manipulated for this to happen.
In watching the video below, please note that the speakers recommend both gold and silver at first… BUT they also mention that silver IS better now. It’s a better opportunity NOW for silver than for gold. Using Kiyosaki’s own words, he says: “Silver is the biggest opportunity I have ever seen… bigger than real estate, bigger than anything else…”
Should I Buy Gold Or Silver?
With inflation looming in the background and as the government continues on with its overspending, it is natural to be a little perturbed. Money, as they say, makes the world go round but if inflation hits, your hard earned money will not be worth as much as it did before. While some would say this is normal and has always been the case, inflation has hit economies in such a rapid manner before that it is now scary to just keep money in the bank or in your pocket for that matter. Buying silver or gold is one good way to protect your purchasing power. If inflation goes out of hand, and it will, as many finance experts are predicting, you would have a little bit of security if you buy either silver or gold.
What many people are usually worried about when it comes to being in possession of gold or silver is that their prices go up one day then go down the next. This shouldn’t be the focus though because what matters is not how high or how low the monetary value of your gold or silver is in whatever currency, what matters is how many ounces you actually own. Protecting yourself and your household from a runaway inflation is the goal.
But will a runaway inflation ever happen? Back in the 80s, inflation went up 14% and this can happen again.
Why Silver Is Better Than Gold As An Investment
Prejudice against silver as an investment started in the 19th century to the point that governments later on campaigned to abolish its monetary value altogether. The tides are changing however and more investors are now buying silver. Retailers, of course, still buy silver but most of these are bound to be destroyed or discarded.
Back in 2011, the National Inflation Association declared that silver is your best bet when it comes to investments, at least for the next decade or so. When silver “lost” its value because of the massive anti-silver campaigns of governments around the globe, silver became an industrial commodity with many of the silver mined practically destroyed or discarded which means it no longer has a chance to go back to the market. Because of the rampant use of silver in different industries, there is now a lack of physical silver in central banks while more gold is mined each day.
The truth of the matter is, there is a supply deficit for this particular metal for more than five decades and what is interesting is that there are only 14 silver reserves remaining unless one finds another one somewhere on the face of the earth. Even if finance experts on television say investing on silver is a waste of time, there are a number of reasons why you should buy silver. This includes the current deficit of physical silver, the fact that silver is needed in industry specifically in electricity since this particular metal is the best conductor there is, and silver is gaining momentum in terms of its price per ounce.
Silver-To-Gold Investment Ratio
As of 2008, one would need 60 ounces of silver to buy an ounce of gold but this shouldn’t be something that should scare potential silver buyers because you have to keep in mind that silver is a scarce commodity. Silver is needed in many things including gadgets while gold is not really a metal used for industrial purposes. In fact, one can go as far as if we didn’t have gold the next day, life will not change much. The investment ratio between silver and gold is always confusing thanks to the manipulation of the market but it pays to do your homework on why silver is always a better investment choice than gold.