Gold is also more valuable than silver because it is available in much smaller quantities than silver. It is estimated that all the gold that has been mined throughout history and that has not yet been mined can fit in just over three Olympic-sized swimming pools with a total of 244,000 metric tons. Compare that to silver, which has approximately 1.74 million metric tons that have been mined to date, not including what has not yet been mined. The case of owning silver coins or investing in a Gold IRA is a great way to remember that never again will gold be rarer than silver. Opportunities like these come once in a lifetime.
I suggest that you start buying as much silver as your current situation allows and, to my own clients, I recommend a position in circulated silver dollars that you have in your physical possession. Silver dollars in circulation are traded without any dealer information requirements, so they can be bought and sold privately. They are easily recognizable by almost all Americans and offer a good amount of silver in an affordable, liquid and portable form. The best-known precious metals are gold and silver, however, there is a feeling that gold is more valuable than silver and with good reason.
While short-term fluctuations in gold prices receive much attention, gold is relatively stable as a long-term investment. While gold and silver have similar boom-bust cycles, there are some key differences to consider when deciding whether to invest in gold or.