Gold & Silver Investment: Pros and Cons You Need to Know 💰

The Advantages And Disadvantages Of Investing In Gold And Silver<br />Advantages:<br />Preserve your wealth<br />Anyone can trade gold for any other currency if anything happens to a country’s currency<br />Jewels made of gold or silver can also be easily traded<br />You can find other buyers for your form of currency because gold and silver is a universal currency.<br />Disadvantages:<br />You can’t easily liquidate your metals - you will need to find buyers.<br />The spread can be high - in other words, you will pay a lot of commission to gold and silver sellers.<br />It is a defensive strategy - even if you ‘gain’ money through gold, your currency devalues.<br />You do not earn interest from the bank.<br />Next we will look at 5 questions to ask yourself before making any investment.