For some reason, a lot of people are still claiming that there is a lot of money to be made by investing in gold. For a variety of reasons, we are not so sure. In our opinion, gold has already been rising at a crazy rate, and is not very likely to continue rising for much longer. We feel, in fact, that there are other metals out there that provide a much better investment opportunity than gold – in particular, silver. Gold would have been a good investment a few years ago, perhaps prior to the recession, but right now it has exhausted its potential to improve.
Silver, on the other hand, is somewhat different. It also rose a lot in price during the last few years, but it has the advantage of starting from a lower baseline than gold. In other words, silver is a much cheaper metal than gold, and so its price had much more room to go up before hitting a ceiling. Gold, as we all know, is one of the more expensive commodities out there, and was bound to hit that ceiling much earlier than something like silver.
Of course, you should consult a financial expert – ideally a commodities expert – before making any kind of hard decision on what to invest in, but if you are uncomfortable investing directly in the commodity itself, we suggest perhaps investing in high end consumer goods made of silver that will appreciate in price, or at the very least retain their value. In particular, vintage goods are very good at this – something like a vintage silver tray, or vintage sterling silver flatware, would probably be a very good purchase right now, and would sell for a good amount more than the purchase price a few years down the road.
As mentioned above, you should consult a professional before making any decisions. We are confident that they will warn you against gold, and probably suggest silver as a viable alternative.