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Gold vs. Silver Bullion – Which is the Right Investment for You?

<span>admin</span>admin
 |  Oct 21, 2010
Summary: With the economy reeling, more and more people are turning to gold and silver bullion as an investment. But, how do you know which one is right for you? If you are looking to pad your assets - and, these days, who isn't? - gold and silver bullion can b a great way to do it. Unlike other investments, gold and silver bullion have not been hit by the recession. In fact, their value has gone up, while the value of practically everything else has gone down! But, if you are new to the precious metals game, how do you know which one to invest in? After all, everyone's situation is different. If you think that you have to be ultra-wealthy to take advantage of either gold or silver bullion, think again. Either investment can be tailored to meet your budget. For example, you can invest in gold or silver bullion coins, instead of pricier bars. In fact, coins are usually a better investment than bars, because they can be sold to collectors who have no use for bars. If you do not want to invest in both, you can simply pick the metal that satisfies your needs the most. Luckily, when it comes to both gold and silver bullion, neither one will ever lose its value! Gold is the most expensive precious metal, but it is also the most valuable. In fact, gold coins are fully backed by the U.S. government, so they can sell at an even higher rate. Plus, there are other gold coins that are backed by other countries - like South Africa, Canada, Mexico, Australia, and Austria - that also sell at a premium rate. A good coin dealer will have a selection of all of them. But, if gold is simply too pricey for your budget, don't discount the value of silver bullion. It may be cheaper than gold, but it is still a great investment. Like gold coins, American Silver Eagles are silver coins that are fully backed by the U.S. government, which means that they can sell at higher rates. With American Silver Eagles, you can either get a single, uncirculated coin, or an entire proof set. Plus, silver buillon bars are affordable and highly valuable. In fact, silver bars are used in manufacturing, so you will always have a market if you need to sell them! No matter which investment you choose to make, make sure you only deal with a reputable coin dealer. The good ones offer a variety of both coins and bars. You will need to work with a company that is large enough and healthy enough, so that you know they will be in business down the road - in case you ever have any questions of problems. Especially with a weak economy, there are plenty of scammers out there, so be sure to do your homework first!
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