If so, then investing in precious metals could be the solution. There are many different ways to invest in this commodity – but which one is right for you?
Gold is the most well-known precious metal with a long history. Jewelry made from gold can be traced back to 3200 BC, when Egyptians wore them during celebrations.
Silver has been called the “poor man’s gold” due to the lower price. Also, the cost of silver is more volatile than that of gold, making the metal less ideal for storing value.
Platinum is a precious metal that tends to fetch higher prices than gold since it is much rarer.Platinum has been used for jewelry, but like silver, it also has industrial uses such as petroleum and chemical refining catalysts.
Gold and silver have been around since the dawn of humanity, but they are still used in modern portfolios. Although several new income-producing assets are now available, precious metals have a long history.