Prices were at $895.60 for an ounce of gold and $12.72 for an ounce of silver, as of April 3rd, 2009. As you can see, gold is much more valuable than silver, per ounce. The longer that gold and silver prices hold their position, without further declines, the less likely those declines will become. Both have gone down a little bit lately.
The demand for both of these precious metals is huge, while the supply is still thin and waning, making both of them a good investment. They should be a part of every savvy investor's portfolio. How big of a part would depend entirely on the individual doing the investing. Best educated guesses state that gold will only drop as low as $850.00, and silver will only go down to $11.80. So now would be a good time to buy either one of them or both. There will not be much time before both prices spike back upwards.
Silver versus gold, as an investment, will take a little research. Some investors may prefer the potential value of silver, as it has many practical uses in the fields of science and medicine, and is much more rare. Others will prefer the proven worth of gold, even though it is primarily used as jewelry. Time will show which is the most valuable, gold or silver. Educating yourself on both of them will prove to you which one is worth more. Knowledge is the key for any and all smart choices.
Tags: ...
Comments (0):