Both Copper and Silver have pros and cons when it comes to investing, but if you are looking to make a choice on one of them, which one should you choose? Here we explore a little on both of these metals.
A little history on Copper.
It was one of the first metals mined and used as currency in the Bronze Age. It was the literal defining factor of power thousands of years ago. This is what made it stand out as having high value that has lasted through the years to the present, but it isn’t the only reason. Copper’s practical use and its properties also define the value of the metal.
Silver is a common investment when the stock market has a less than positive outlook, in times of economic recession or political instability. Based on the fact that Silver is impacted by these different influences, it can be a good way to diversify your portfolio against real estate, equities or other paper securities.
Silver can also be used as an inflationary hedge. Silver can hold its value long term and fares well when interest rates are lower as well as when fixed-income investments aren’t earning as much.
It acts almost as a “safe haven” investment.
But Silver has many industrial applications such as being used in the manufacture of jewelry, batteries, medical equipment and circuits. It’s also used in many other innovative areas.
Silver has a very high conductivity, and is therefore used for many technological applications in solar and the electric car industry, which many analysts predict that this demand is likely to rise substantially in the coming years.
This means investing in silver could be a way to bet on the technological advances as well as clean energy.
What are some of the best ways to invest in Silver?
There are two primary ways of investing in silver: Directly (actually buying physical silver) and Indirectly (buying securities focused on silver).
Investors can buy physical silver in the form of bullion coins, bars, or junk silver bags.
But doing this requires you to store and preserve it. Not very practical.
A more practical way is to invest in things like these:
So which one should you invest in?
The answer really is up to you based on your preference.
In theory they are both good investments that you can get into and probably should.
Now it’s up to you to make the move and invest in both or choose the one that you think is best for your portfolio.