AtulVajpayee
Jr. Member
Hey I want to invest my money but little confused between gold, silver and platinum. Please help me.
Upvote
0
I've done very very well with silver over the years.
The trick is to buy it right, need to learn the current spot price daily at the moment you buy.
Avoid the newspaper adds and internet claim.
Look for deals on craigs list, flea markets, people desperate for money eager to dump collections
I found bullion, not coins were the best for returns.
Brady
+1 to what they say. Platinum is certainly a long term investment and it does not seem to fluctuate as much as gold.
Go with silver.
Yes, platinum may be a huge gainer, but not until the world economy picks up. That probably won't be for several years. It's possible that if we get massive inflation, and there isn't enough gold and silver to go around, that platinum would get a bounce from that, too. One thing to keep in mind...this uptick in the metals probably won't last for long. If deflation seriously kicks-in, the metals will go down along with everything else. Right now, the metals are going up on the belief that the ECB will start printing money. But,as proven in the US, that doesn't mean the EU's economy is going to start rolling...far from it.First time I recall Plat being below Gold.
That choice has a lot to do with timing. Right now, I'd say silver has the best potential for big gains. It's reaching its historical lows relative to gold. Platinum is more of a long range proposition, due to it's industrial use.
Jim