Why Invest in Coins and Precious Metals Now?

For starters, Gold and Silver have always had value and have been used as money for thousands of years. They are not like fiat money (currency created by governments, not backed by anything of real value). Precious metals such as Gold, Silver & Platinum are of value in their own right. Their value is recognized the world over, they cannot be created out of thin air, and their value cannot be wiped away overnight. The dollar system is a debt-based system. Every dollar created represents a dollar owed to someone else and as such, carries risk. Precious metals carry no such risk and represent work already done to extract the metal out of the ground, refine and mint into the form that we use. In the current environment of rapid dollar creation and rampant inflation, the appeal of precious metals as a hedge is constantly increasing.

Gold vs. Silver

The appeal of gold as an investment is widely known. You can buy gold in Brisbane or in any part of the world as long as you have the money to invest on it. Practically, gold is highly portable, meaning you can store a lot of value in a small package. Gold tends to lead the pack of precious metals and is recognizable in most all common forms the world over. It is used almost exclusively as a store of value and in jewelry.

Silver on the other hand is both a precious metal and an industrial metal. Like gold, It is used as a store of value and in jewelry, but also has many industrial uses such as solar panels, electrical systems and medical uses. Because demand for silver is driven by investors and industry, it’s value can be affected by multiple drivers. Additionally, silver is more practical as day-to-day money in barter and trade because trading gold for basic needs would be very difficult due to the incredibly small quantities required.

Choosing the right balance between Gold and Silver depends on your circumstances. We are always glad to talk through these factors and help you make a decision that you are comfortable with.