The Advantages And Disadvantages Of Investing In Gold And Silver

 The Advantages And Disadvantages Of Investing In Gold And Silver

The Advantages And Disadvantages Of Investing In Gold And Silver
The Advantages And Disadvantages Of Investing In Gold And Silver

Advantages:

Preserve your wealthAnyone can trade gold for any other currency if anything happens to a country’s currency Jewels made of gold or silver can also be easily traded You can find other buyers for your form of currency because gold and silver is a universal currency.

Disadvantages:

You can’t easily liquidate your metals – you will need to find buyers.

The spread can be high – in other words, you will pay a lot of commission to gold and silver sellers.

It is a defensive strategy – even if you ‘gain’ money through gold, your currency devalues.

You do not earn interest from the bank.

Next we will look at 5 questions to ask yourself before making any investment.

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