How to Choose the Best Investment in Canada: Silver Bullion vs. Gold Bullion

How to Choose the Best Investment in Canada: Silver Bullion vs. Gold Bullion

Overview

Gold and silver bullion represent the two most frequently traded categories of precious metals. Both have a long history of serving as safe havens during times of economic distress. When Canadian investors purchase gold or silver, they are obtaining tangible assets that are immune to the volatility of paper money. The question is, how do you decide between gold and silver?

Why Gold and Silver Are Purchased by Investors

Gold and silver have always had a connection when we talk about wealth and currency. While gold is getting a lot of buzz, silver is still a favourite thanks to its affordable price.

? Gold is an asset that is not only scarce but also long-lasting and has traditionally served as a hedge against inflation.

? Even though it is referred to as "poor man's gold," silver is a primary driver of demand in the solar energy and electronics industries.

? Bullion in gold and silver is available on the website AU Bullion, which is based in Canada and provides real-time spot price updates.

Cost-Effectiveness

There's quite a difference in price between gold and silver. Did you know that one ounce of gold bullion bars can go for thousands of dollars? On the flip side, the price of one ounce of silver in Canada can be tough for the average investor to get into.

¡¤ Due to this, silver is a great option to start. Buying silver coins and bars is a way to slowly build up your riches.

¡¤ Experienced investors like gold since it doesn't cost much. A little gold coin or bar that is easy to keep can stand for a lot of money.

Risk and Stability

? There is no fluctuation in the price of gold throughout time. Because investors purchase gold during times of economic instability, gold is an excellent inflation hedge.

? Gold exhibits greater volatility compared to silver due to its dual role in investment and industrial sectors.