For those with a huge nest egg to use for investing, gold is probably their best bet as they can afford it. For the rest of us peasants, silver is a lot more affordable.
CBS News posted an article of four times when to choose gold over silver for investing.
They begin with:
For long-term investors, a well diversified portfolio could be the key to success.
There are plenty of options for diversification to choose from today — from index funds and real estate to alternative assets. But valuable commodities, including silver and gold, can play an important role in a balanced portfolio, too.
While gold has a higher value per ounce and potentially more growth over time, silver is available at a more accessible price point and has industrial uses in our economy today. If you're thinking about adding these precious metals to your portfolio, it's smart to understand when to choose one over the other.
To read more, go here.
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