If you wish to invest in the commodity market, then precious metals are highly sought after as a good investment instrument. Silver and gold are in demand not just because of their beauty but because they make a good investment option. For many years gold was seen to be a better investment option than silver. However, the trend is changing these days. The Bitcoin Trader would tell you that investing in cryptocurrency is also a good investment step.
Investing in silver is practical and smart. However, silver follows the trend of gold. Look beyond the traditional currencies as the Bitcoin Trader does. If you want to invest in silver, then you would be glad to know that silver has the potential to offer phenomenal returns. There has been a good amount of increase in its demand in recent years. The precious metal has gained popularity among the investors. Hence it may be a great decision to include silver in your portfolio. Also, read this source if you want to trade in Bitcoin.
Silver or Gold – The debate
Silver and gold both come under the category of precious metals. So which one should you buy? Gold has been the obvious investment choice, and unfortunately, silver has still not received the same limelight as that of gold. It is the reason why many are still not aware of the trend that silver is following and also the returns that it could offer in the future. For most investors investing in precious metals means to invest in gold.
Gold has given returns in the past, and it is still doing so. However, silver has taken the lead in the performance that it has offered to its investors. If you are wondering whether this is true, then gold gave a return of 25% in the year 2010 whereas silver gave a performance of around 80% in the same financial years. So you can very well see that if you want to make money and better returns on your investment then silver may be a better option for you.
Why did the price of the silver hike?
The hike in the price of silver is recent, and the primary cause for this is because of its extensive use in industries. Silver is a precious commodity, and its use in industries is only going to increase. It means that its price is not going to stop anytime soon. Because of the rise in the popularity of silver, its demand is rising and so are its prices.
Silver should be seen as a long term investment to reap maximum benefits from this investment.