Silver price enables anyone to buy silver coins and silverware not for safe storage but to gift it away. That is how I ended accumulating more than a fistful of silver coins. Silver coins don’t appeal to my aesthetic sense.
I am thinking of selling them to buy gold coins. Even if all of my silver coins fetch me just one beautiful American gold buffalo, I would cherish it as a treasure. In addition, the price of silver moves up very slowly. It does not give you the feeling of possessing wealth.
I had fallen in love with gold coins of different nations and American gold coins are the most beautiful to look at. Seeing the price of gold increasing every week, I regret I have already not sold my silver to buy gold.
What do you say? Is it not a wise thing to do in the current scenario?
3 comments:
That is because gold is 15 times more rare then silver and is more demanded then silver. But silver has its own value (in money) and as a symbol of purity
Interesting input Cole. Thanks.
Thanks for an interesting post.
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