How stable is gold and silver?
Investing in gold and silver is of all times. Especially in the case of war, its popularity increases enormously. That is also the case now, with the Russian invasion of Ukraine. How stable is gold and silver? And is it wise to invest in this?
To start with the first question: “I can’t say whether investing in gold or silver is wise or not,” says Teeuwe Mevissen, researcher and researcher at Rabobank. “But people who think that investing in precious metals is safe because the price of gold and silver is stable are wrong. Prices can fluctuate considerably.”
Holland Gold, a company that trades in precious metals, is busier than ever, says account manager Nic Laan. Especially in times of war, interest in gold and silver rises. “It used to be used as a medium of exchange.
Now people from Russia can no longer withdraw money, but gold and silver remain worth money. You don’t even have to have much, but a bit like an emergency pot is nice.”
Mevissen also sees the influence of the war. “Gold is doing well in high levels of uncertainty. It’s a safe haven.”
“If you don’t need the money, I’d leave it there.”
Nic Laan, account manager Holland Gold
But what about the value of the precious metals? Mevissen: “At the moment, 1 troyounce is gold (converted 31.10 grams, ed.) about $2,000 worth, and 1 troyounce of silver about $26.”
That can be interesting if you have jewelry that is now dusting. “If you don’t need the money, I would leave it behind,” says Laan. Mevissen: “If you have an empty fridge at the moment, it’s better to sell a gold chain than to go hungry. But why sell it if you have a fat savings account?”
Investing in gold and silver (How stable is gold and silver)
Jochem, who does not want to be named because of safety considerations, got a new job four years ago, which made him earn more. He decided to invest in gold and silver.
“I suddenly had a bucket of savings,” he says. “I could put it in a savings account, but I wouldn’t get interest and I’m not the biggest fan of banks.”
“In any case, I have no intention of selling it. I see it as a kind of pension.”
Jochem, invests in gold and silver
So he went to investigate and decided to invest part of his money in gold and silver. “I now have 60 ounces of silver and 5 ounces of gold. Maybe I’ll buy some more. In any case, I have no intention of selling it.
I see it as a kind of pension. If I ever buy a house, I might use it for that. Just how it comes out.”
Read carefully before you invest
If you want to invest yourself, it is important to read carefully. “It’s not without risk,” says Mevissen. “It can be useful as an extra spread in your investment portfolio. Realize that you pay 21 percent VAT on giving birth to physical silver, but not on coins.
The Canadian maple leaf and the silver eagle are the most famous coins, both of which weigh exactly a troyounce.”
Jochem also has a tip: “The gold coin business overlaps that of the collectors.
The coins that collectors value are sometimes three times as expensive. Therefore, choose the cheapest silver and the cheapest gold.
Choose coins that are made in quantities of millions and have no collector’s value.”
FEEL FREE TO >>>>>>>>>>>>>
JOIN US ON FACEBOOK: @ AFRILATEST.COM
JOIN US ON WHATSAPP: @ AFRILATEST.COM GROUP
JOIN US ON TELEGRAM : @ AFRILATEST.COM
JOIN US ON TWITTER : @ AFRILATEST