Markets Insider Guide To Buying Precious Metals

Above, Franklin and Kennedy silver half dollars. Photo by Armand Vaquer.

With inflation still eating away at the purchasing power of the U.S. dollar, people are looking for something a lot more stable.

That is where investing in precious metals comes in. 

Both gold and silver have their strengths and weaknesses, but overall, they are much more stable than paper currency in the long run.

Markets Insider just posted a "quick guide" to buying precious metals.

They begin with: 

At first glance, gold and silver seem pretty fungible. They’re both hypnotically pretty. Their prices tend to rise and fall according to the same financial/political forces. They’re both seen as real money by a tiny (very wise) fraction of the population and as atavistic relics by the vast, ignorant majority. And – most important – they will both preserve their owners’ purchasing power when today’s fiat currencies evaporate like the fever dreams they always were.

So you definitely want some (and maybe a lot) of each. But gold and silver are not identical. They have different strengths and weaknesses in various “monetary reset” scenarios. And their prices don’t move in lockstep. Sometimes one is cheap relative to the other.

So how much of each should we own now, and how quickly should we plan to load up the truck? The answer is different for each person, but a few things are generally true.

To read more, go here.