Welcome to Admin Junkies, Guest — join our community!

Register or log in to explore all our content and services for free on Admin Junkies.

Save on gold or silver?

Advertisement Placeholder
I would consider saving on silver over gold. Silver typically presents a more affordable option for investment, making it accessible for those with smaller budgets. Silver has various industrial uses, which may contribute to its long-term value. However, the choice depends on individual financial goals, risk tolerance, and market conditions.
 
It's practised in most of the Indian Households, the economic class that can afford to do so. Gold and silver are considered auspicious in Indian Hindu culture and theu are supposed to bring prosperity and luck. Few days in a year are considered auspicious to buy these precious metals. One is Dhanteras, two days before Diwali and the other is Akshay tritiya. People buy gold and silver on these days. Every one depending on their economic strata and financial capacity try to bring one of these precious metals in some form to their households. I have practised the ritual of buying a gold coin on every Dhanteras since the last two decades. I plan to continue to do that. I have invested in to a program by one of the trusted brands in the country. I pay monthly installments to buy this at once.
 
Saving in gold or silver can be a good strategy for diversifying your investment portfolio. Gold is historically more stable, it is a reliable hedge against inflation and currency fluctuations. It's highly liquid and globally recognized. Silver, on the other hand, more volatile but with greater growth potential, silver is more affordable for small investors and has significant industrial demand. Both metals can preserve wealth, but your choice depends on your risk tolerance and investment goals.
 
At the moment the only thing I have saved in gold are some chains and watches that I have bought, which I know that if I need money I can sell them and recover money, I even earn some money
 
I would prefer to save on gold because I know selling gold when I need money would be easy people do easily buy gold than silver
 

Log in or register to unlock full forum benefits!

Log in or register to unlock full forum benefits!

Register

Register on Admin Junkies completely free.

Register now
Log in

If you have an account, please log in

Log in

New Threads

Would You Rather #9

  • Start a forum in a popular but highly competitive niche

    Votes: 10 28.6%
  • Initiate a forum within a limited-known niche with zero competition

    Votes: 25 71.4%
Win this space by entering the Website of The Month Contest

Theme editor

Theme customizations

Graphic Backgrounds

Granite Backgrounds