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Silver, with its radiant and brilliant white sheen, stands tall among the elite group of precious metals, joining the ranks of gold, palladium, and platinum. Its super flexible and bendable nature makes it a jack-of-all-trades in various industries. But here's a fun fact: when you polish silver, it becomes the ultimate show-off, reflecting a whopping 95% of the light it catches. No wonder mirrors love a good silver coating!
Now, in the world of precious metals, gold often hogs the limelight, being the go-to talk for investment coins, bars, and the ultimate superhero against inflation. But guess what? Right by gold's side, giving it a friendly nudge, is our underdog, silver. It's been catching the eye of savvy savers and investors, like myself, not just for its bling but for its practical use in all sorts of cool things.
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When it comes to choosing between gold and silver for your investment adventure, there's a little heads up: silver's journey might be a bit like a rollercoaster. It tends to shake things up more than gold, earning itself nicknames like "gold on steroids" or "gold with a rocket attached." Blame it on the fact that the silver market is like the smaller sibling compared to gold, and that adds a bit of spice to the ride.
So, if you're thinking of adding a dash of silver to your investment mix, you've got two main roads to stroll down: either grab some physical silver like bars and coins or dive into the world of silver exchange-traded funds (ETFs). The latter is a bit like gold ETFs but with its own quirks, so it's like choosing between two different flavors of ice cream. For beginners, though, those shiny bars and coins are like a straightforward and secure handshake into the world of silver.
Whilst ETFs have their part to play(mostly manipulation), if gicen the choice, id choose physical silver over every day of the week. Weve all heard this next saying, but in the world of precious metals and cryptocurrency, it couldnt be kore true:
- IF YOU DONT HOLD IT, YOU DONT OWN IT!!
Now, silver's not trying to show off, but it's generally friendlier on your wallet compared to gold. Blame it on the fact that gold is kind of like the rare unicorn in the metal world—there's just not as much of it around, making it more valuable. If, let's say, a bunch of magical gold mines suddenly popped up next week, gold's price would likely drop, and silver might just steal the spotlight.
In the grand dance of investments, your move depends on what you're after, your strategy, and how much risk you're willing to toss into the mix. But hey, there are some good reasons why silver might be your investment soulmate. Whether it's the everyday uses beyond the investment game, the lower cost of admission, or the chance for silver to steal the show from gold, this shiny metal is like a cool friend that always brings something interesting to the table in your investment journey. So, if you're up for a bit of adventure and want to sprinkle some sparkle into your portfolio, maybe silver's your secret sauce for a diverse and robust investment plan!
If you dont own any precious metals, then why not tell us? As a community we encourage ALL engagements and encourage everyone to take the plunge and own at lease a sinlge ounce of silver or a fraction of gold. If your struggleing to find a safe and secure place to buy, reach out to the community as there is always someone willing to offer their time and advice to help you out.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
Come join the community over on the discord channel- HERE
Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
Written like a professional, but not financial advice so do your own research.
Gold is great but silver is the move !BBH
@welshstacker! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (17/50)
Stack on, welshie! Don't stop!!!
Hi @welshstacker,
Thank you for participating in the #teamuk curated tag. We have upvoted your quality content.
For more information visit our discord https://discord.gg/8CVx2Am
You received an upvote of 100% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!