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Some argue that gold is a barbaric relic that no longer holds the monetary qualities of the past. In a modern economic environment, paper currency is the money of choice.” This was a popular belief just a few decades ago, according to recent findings by Investopedia. However, as history proved, those who truly believed that was in the wrong as gold preserved – and continues to preserve – wealth throughout generations. “The same, however, cannot be said about paper-denominated currencies” added Nick Lioudis, a multimedia professional.
Silver and Gold

Silver and Gold

Why are silver and gold so popular with the young and old alike?

Gold bars, as well as silver bars remain a top investment choice across all generations. The reason why this shouldn’t come as a surprise is because these are the two precious metals that proved to be the most stable in very uncertain economic times. Some semblance of stability (predictability even) is one aspect that is so appealing to young people (Gen and Millenials), as well as the older generation. According to a Royal Mint report, over 15% of Gez opt to invest in precious metals over other commodities. This finance-centric generation also manages to save over $200 a month with the aim to secure a stable financial future. And while NFTs and Cryptocurrencies continue to gain mainstream popularity, especially among the youth, the stability and undeniable reputation of silver and gold is hard to ignore. As a recent report by Investopedia showed, “gold has outperformed stocks as geopolitical uncertainty and inflation increased worldwide.”

Timing and alternative options 

Before taking any final steps, however, it always pays to double-check how precious metals – silver and gold specifically – have been performing. As noted by experts at Chase, “A potentially good time to invest in gold is when a recession has just hit, bringing expectations of rising inflation and declining rates.” Based on the numbers, one can make an informed decision and take definitive steps when the time is right. However, if you’re feeling anxious about the potential risks even after analyzing the proof, investing in a silver or gold mining company might be a better option for you.
But rest assured, whatever decision you arrive at, gold and silver – which is often referred to as the “primary monetary metal” – will continue to remain the most traded precious metals due to their high demand and stability. This means that with time, you are more than likely to see profitable results.
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