An excellent form of wealth is precious metals. Hence, it is no wonder people aware of global instability set their eyes on investing in gold or silver.
Unlike cash or mining stocks, silver bullion is physical wealth. As a result, silver does not fall below a specific value relative to the goods and services in that economy and as a result remains safe in that respect.
Maybe you are thinking you want to buy silver and think if it is the right move. The answer is yes. Investing in any precious metal is a smart move especially in these volatile times.
Silver Remains an Affordable Investment
The general rule with precious metals is to buy low and sell high. So, while the silver market remained somewhat flat over the past two years, with the closing price in 2019 around $25 AUD. However, the silver market has reached an upward trend and now selling for $33 AUD and still remains an affordable investment compared to gold.
For example, an ounce of gold can cost you AUD 2,627 Hence, the price of gold is so much more compared to the same one-ounce price for silver (AUD 33.625). Even if the silver price …