Posted on 19 July 2012.
Ah, the eternal questions that plague us in precious metals investing: should I invest in gold or silver? How much should I buy? Should I wait for the next price correction? These questions are really common amongst folks like you and I that are small time investors with limited funds. But that is not really fair. Folks who get into metals with more resources than you or I often ask themselves these things too. So, what are some answers to these questions?
I tend to favor gold and silver as my metals of choice. I think they are very complimentary, and they are metals we as consumers are used to seeing in the market. My focus, then, has generally been on those two. My advice to small time investors is to focus on those two, and perhaps sprinkle in some platinum and palladium. If you stay with silver and gold, though, I think you will be fine.
How Much Gold and Silver Should I Buy, and When Should I Buy It?
My advice is to buy both whenever you can, and to get as much as you can. Don?t wait for the next price correction. Price changes over time due to monetary policies and fiat money can change the spot prices of both, but this should mostly just affect how much you buy at a given point.If you are really interested in buying silver and gold, then keep a small trickle coming in at all times.
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Source: http://www.golddeputy.com/gold-and-silver-the-happy-couple/
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