Looking at gold, it’s currently trading at a record high in pound sterling terms, as the chart below shows. As we write, it’s £2,808 per troy ounce.

It has more than doubled over the past five years.

Similarly, silver has performed well too. It’s at £33.71 per troy ounce, having too doubled over the past five years, as the chart below shows.

Silver is often more volatile than gold and has different fundamentals. While it’s a precious metal, it also has greater application in industry when compared to gold.

But with gold trading at such high prices, many investors often view silver as a ‘cheaper’ way to get exposure to the precious metals market. You can kind of say silver is to gold what tiny cryptocurrencies are to bitcoin.

It’s not exactly the same, but not far from it either.

The truth is, the current state of the world’s governments, their debt levels, and unstoppable spending makes it a perfect investment environment for gold and silver.

Although the prices appear to be high, we can’t with any conviction tell you that it’s not a good time to buy either. Of course, if you’ve never bought either before, we know it’s a big step to buy when both are trading at all-time record highs.

Just think about it this way: for a price of any “thing” to make it to a new high it has to pass through a previous high. If that never happened, prices would never go up! But we understand if you’re cautious.

In the same way, we understand if you’re reluctant to buy more now at a higher price because you bought when it was previously much cheaper. We get it.

But don’t fret too much. The best option is to buy small amounts and often. Buy an ounce or two now… another ounce or two in a couple of months… and then every month or two ongoing until you feel you own enough.

Think about it another way. We bet you wouldn’t think twice about spending £2,808 on a new big-screen TV… a thing that will be worth less than half that amount in a year’s time, and worth nothing five years from now.

Meantime, we can say with almost 100% certainty that an ounce of gold won’t be worth nothing five years from now… we can’t guarantee it will be significantly higher, of course, but we’d bet a fiver it will be.

Cheers,

Kris Sayce
Editor & Publisher, Investor’s Daily

P.S. In the article above, we made the case for gold and silver as long-term wealth preservation assets. But what Nick Hubble is showing investors right now isn’t just about holding metals to defend your wealth—it’s about building it. His thesis, following a major shift at the Fed, points to silver entering a powerful new bull phase. If you want to see why—and how to act on it—watch Nick’s presentation here.

 

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