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RE: It’s #fiveouncefriday: 5 oz Cast Iron Hand Poured Silver
I have a crazy question. We have a small collection of silver, but where do you go to invest. I have looked a little but haven't really found what I am looking for. Thanks for your help.
It is a great question, and it is an extensive subject matter. I am not a financial adviser! I am just a simple, small-time stacker, and I stack primarily to save the value of my hard-earned money. I am not a precious metals "investor". That being said...
(1)You can invest in physical gold and silver, by simply going to LCS, coin shows, and reputable online dealers to purchase silver and gold. I know many stackers who accumulate physical precious metals as a hedge against currency weakness, market volatility, and economic collapse. Many of them speak about signs of coming economic collapse due to the declining value of the dollar. I accumulate silver and gold primarily as a physical store of wealth, and for diversification. Personally I think that stacking is the safest, least complex way to "invest" [mine are 'savings' ] in gold and silver. You buy some from a reputable vendor, and hold it in a safe place [along with some fiat too!].
(2) You can invest in Gold and Silver ETFs and Options. (ETF- exchange-traded funds)
(3) You can invest in Miners and Royalty/Streaming Companies.
There are a lot of information on the web. For ETFs, we have a very active steemian @goldmatters and I bet he can give you a lot of information on GoldMoney.
Thanks for the question, @bethvalverde. have a fantastic Friday, and take care🥰🌺🤙
!tip
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Thank you. This is so helpful!!
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