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| Above, American Silver Eagles. Photo by Armand Vaquer. |
During times of high inflation, such as the one we're presently in, people turn to precious metals as a hedge to protect their nest eggs.
Which is better? Gold or silver?
Benzinga has posted a helpful guide on investing in either.
They start it with:
The earth yields many precious metals, but gold and silver are the two most famous ones. Each metal has different properties and uses, but they have a few things in common. Both have a finite supply, making them a hedge against inflation. Investors have sought refuge by buying gold and silver during recessions and volatile economic times.
They have been used as a component of legal tender in some countries. For example, the U.S. produces and backs the American Gold Eagle. Canada has minted gold coins like the Canadian Buffalo 2021.
So, is it better to invest in gold or silver? Find out for yourself by reading this guide.
To read more, go here.
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