When considering the purchase of gold and silver it’s important to understand why you’re buying it, because that will influence what you purchase. The most typical reasons people consider buying gold and silver fall into three basic categories.
- Business uses: As a hedge against inflation and counter-weight to cash investments such as bonds and money market funds.
- As a crisis currency: So when things finally collapse you have something to trade for supplies.
- As an investment: This would be mainly collectible coins with numismatic value.
To help choose between those...