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Gold vs Silver: Which Metal is Ideal for Long-term Investment?

A person analyzing gold and silver.

The popularity of precious metals has risen in recent years due to a series of events. Countries all over the globewere already struggling to recover from the pandemic when Russia decided to invade Ukraine. This led to an increase in energy prices that affected consumers badly.

The situation prompted investors to look for precious metals that offer stability. One frequently asked question that new investors have is how precious metals like gold and silver rank against each other. In this post, we try to analyze the two commodities and describe which metal is ideal for long-term investment purposes.

Precious Metals and Their Uses

Compared to gold, silver has a wide range of industrial applications. Silver is used in electronics, engine bearings, brazing, cars, water purification, solar technology, and even medicines. The metal is very durable which makes it resistant to wear and tear. This makes silver the perfect material for alloys in dentistry. 

On the other hand, gold has limited applications in the industrial sphere. However, it’s the demand for gold jewelry in countries like India and China that give so much utility to this metal. Gold analysts expect the price to surge with the start of the wedding season later this year.

Which is More Volatile?

With silver prices being significantly lower than gold, investors that are constrained for cash can buy a lot more of this metal. This means the potential for gains and losses is greater in the asset as small price fluctuations will have a greater impact on the value of the asset. If you are an experienced investor that understands the dynamics of the market, then silver can give you opportunities for capital gains. 

Which One is Better?

While both metals offer stability during times of uncertainty, gold tends to flourish a lot more. Historically, gold is the haven people retreat to when the economy is performing poorly. Due to silver having more commercial applications, it does see a fall in demand for industrial sectors during economic crises. This means when volatility is rising, then gold needs to be your choice of precious metal for investment.

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Orion Metal Exchange is a full-service precious metals investment dealer that offers high-quality gold, silver, palladium, platinum bullion, and coins in the US. Our commitment to our customers has enabled us to be recognized as the leading gold and silver IRA provider by The Chicago Tribune. Our in-house IRA department facilitates people looking to roll over their traditional IRAs into precious metals IRAs. We also help with precious metal storage companies options. 

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