Most people who invest in precious metals choose between gold and silver. While both gold and silver are strategic precious metal investments, they vary from each other in quite a few ways, and both hold pros and cons to different types of investors. To help you decide which precious metal you should invest in, here is a look at some of the key differences between gold and silver.
Historical Spot Prices
Both gold and silver prices move significantly year to year. The best way to gauge the short-term and long-term prices of these metals is to look a semi long-term spot price charts. Over the past 12 years, gold has ranged from $265/ounce to approximately $1,850/ounce. Silver has followed a fairly similar upward trend over the same period, ranging from $5/ounce to $45/ounce over the past 12 years.
Liquidity
Gold and silver are both viewed as extremely liquid assets. Investors can buy and sell physical gold and silver online 24/7, and both precious metals are traded worldwide. While both gold and silver are highly liquid assets, experts give a slight nod to gold due to its greater demand as well as supply over silver.
Storage and Transportation
Because gold is more valuable per ounce than silver, you can fit more dollars’ worth of gold than silver into the same sized safe or shipping package. Gold is also denser than silver, making a specified volume of gold worth more than an equal volume of silver. This makes it easier to store and transport gold than silver.
Whether you want to invest in gold or silver, or even both, California Numismatic Investments can help you find the gold and silver products that are best for your investment portfolio. We provide gold and silver coins, bullion, and bars at competitive market prices. Visit our website to learn more about the gold and silver products we offer, or call us toll-free at (800) 225-7531 to speak with one of our precious metals experts about your portfolio.