With a possible recession looming along with high inflation and bank collapses, people are looking for safe haven investments to protect their wealth.
Many are looking at gold and silver.
Currently, the spot prices for gold and silver are around $2,000/toz for gold and $25/toz for silver.
Which is better? That question is looked at by CBS News in an article posted yesterday.
It begins with:
With recent bank closures, high inflation and an overall worrisome economic climate, many investors looking closer at their investments . Some are considering moving into safer assets that can hold their value and provide long-term financial protection.
For many, this means moving into precious metals like gold and silver. Both can be smart moves for investors. Gold has long been considered a good hedge against inflation, while silver can allow you to buy more due to its lower cost.
There are other ways these precious metals diverge. If you're unsure which one you should invest in, here's what you need to know.
To read more, go here.
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