If you’ve been thinking of buying gold lately, you’ll notice that the price of gold is holding steady and high. Over the last 10 years, the price of gold has gone from a few hundred dollars per ounce to nearly $2,000 per ounce late in 2011. Globally, investors are looking to the price of gold as economic uncertainty continues to grip the world’s major economies.
With this kind of history, it’s tempting to say that in a contest between gold and silver, an investment in gold will produce the better result. If that’s the conclusion you reach, you may want to rethink having a Silver IRA. While gold is certainly a stellar performer, silver has outperformed gold in terms of investment returns both in the short-term and long-term.
As an investment, silver offers consistently solid investment performance and handsome returns. As an added benefit, the price of silver is relatively low. It offers the average investor an affordable way to invest in precious metals, and offers an exceptional historical value.
Here are a few cool facts about silver that may help you look at this investment heavyweight in a whole new light!
More than 95% of our annual silver consumption is now attributed to industrial and decorative applications. As the amount of available silver shrinks, the price of investment grade silver rises. As a side note, the annual production of silver has failed to keep up with demand for the metal every year for the last 15 years.
For more information about gold investing, contact Scottsdale Bullion and Gold
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