Investing in Precious Metals: Is Silver the Right Choice for You?

Honest Money

Today Warren Ingram speaks about investing in silver, the risks involved, holding gold or silver for long periods of time and other investment opportunities, like the exchange-traded funds (ETFs) that track the value of gold or silver.
Takeaways

• Investing in silver is similar to investing in gold, as both are commodities that don't generate any income.
• People buy precious metals like gold and silver when they're worried about the future or inflation.
• Holding gold or silver for long periods of time can result in losses.
• Silver is cheaper than gold and has more industrial uses, but if safety is the goal, gold is the preferred option.
• Investing in exchange-traded funds (ETFs) that track the value of gold or silver is an alternative to buying physical metals.
• Wealthy individuals often hold a small percentage of their assets in commodities as insurance against unforeseen events.
• For most investors, it's better to focus on buying companies and equity funds that generate growth and dividends.

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