Advice for Gold and Silver Buyers
The Maple Leaf
The maple leaf, a Canadian coin, is 24k gold. And when people first start buying gold and silver, they are very interested in it. However, it isn’t a coin that most experts would encourage you to buy. And there is a reason for that. Everyone knows that gold is extremely soft. The majority of gold is alloyed so it can survive being handled and circulated. Coins like the maple leaf (that are pure gold) lose value because of the damage they sustain. So, while you may want to collect Canadian maple leafs for other reasons, they don’t make a good investments.
How Much of Each Should You Buy?
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Many people are curious about how much of the precious metal collection should consist of gold and how much of it should consist of silver. The silver/gold ratio chart helps investors unsure about allocation to make an informed decision. Gold and silver usually share the same experience high and lows at the same time. But they are each effect by separate dynamics. Just three years ago silver peaked while gold didn’t follow until nearly five months later.
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Why Are You Buying?
People are interested in buying gold and silver for three reasons. There is the investment aspect, of course. They buy and sell all the time. Then there are those who purchase these metals as a protection against inflation. And lastly some people purchase gold and silver as a means of survival should (as they expect) the economy collapses.
You should consider investing in other things if you are a buyer who is interested in gold and silver because you foresee a collapse of the economy. And this is not to downplay the concerns that people have about a devastating collapse. You have no way of knowing if gold and silver will be valuable in the wake of an economic apocalypse.
Yes, gold and silver has, for as long as we can remember, been considered valuable. And they have intrinsic value unlike the dollar bill. However, when the world bartered with gold and silver, it was a different time. There are some goods that people will likely prefer them offer gold and silver should things get as bad as the doomsday preppers predict. If you believe the future is so bleak that one day a dollar will be as valuable as a rock, invest independent, sustainable living.
If you are purchasing your gold and silver online, always be sure to research the seller. Avoid new sellers. Once you get your investment have it tested to make sure you got what you paid for.