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re: Gold/Platinum price cross.
Posted on 5/11/21 at 7:12 pm to dragginass
Posted on 5/11/21 at 7:12 pm to dragginass
I have been a stacker for many years, and have owned all precious metals. I keep 5% of my portfolio in pm’s. I own stocks. I own real estate. I own bonds. I own crypto. I have cash set aside. I am diversified as possible.
Each has to make his or her own decision on investing. For me, precious metals are a small, but important part of my securities.
In answer to your question, gold is the most useful monetary metal, and has been for thousands of years. Platinum, at one time, outperformed gold. This was because of the industrial uses (catalytic converters) associated with the metal. Palladium has, in recent years, taken over that part of the market. Silver is the most useful industrial metal. The push to green energy and Electric vehicles and solar panels will see silver prices rise.
Gold is very stable, but you will not see big returns. It is used by many as an inflation hedge against fiat currencies. Silver is much more volatile, but has higher potential rewards.
In my opinion, gold is the superior metal in protecting one’s wealth.
Each has to make his or her own decision on investing. For me, precious metals are a small, but important part of my securities.
In answer to your question, gold is the most useful monetary metal, and has been for thousands of years. Platinum, at one time, outperformed gold. This was because of the industrial uses (catalytic converters) associated with the metal. Palladium has, in recent years, taken over that part of the market. Silver is the most useful industrial metal. The push to green energy and Electric vehicles and solar panels will see silver prices rise.
Gold is very stable, but you will not see big returns. It is used by many as an inflation hedge against fiat currencies. Silver is much more volatile, but has higher potential rewards.
In my opinion, gold is the superior metal in protecting one’s wealth.
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