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Which Precious Metal Is the Best Investment: Gold, Silver, Platinum, or Palladium?

Deathstar_69Deathstar_69 Posts: 49 ✭✭
in Precious Metals

In your opinion, which precious metal offers the best investment potential right now? Do you prefer long-term stability or short-term market gains? Share your thoughts and strategies!

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Comments

  • derrybderryb Posts: 37,979 ✭✭✭✭✭
    edited December 12, 2024 4:42AM

    gold is a good inflation hedge. Silver is volatile but the best current bargain.

    For investment purposes you might consider ETFs, easier to buy and sell if you have an investment account (Robinhood?).

    If you understand what is coming, then you can duck. If not, then you get sucker-punched. - Martin Armstrong

  • tincuptincup Posts: 5,475 ✭✭✭✭✭
    edited December 12, 2024 10:00AM

    derryb sums it up pretty well as I see it. Only thing I would add is stick to the gold and silver, and be more wary of the ones like platinum or palladium (they may see gains, but likely not as wide a market, and larger premiums, etc).

    ----- kj
  • VanHalenVanHalen Posts: 4,330 ✭✭✭✭✭

    Gold

  • Downtown1974Downtown1974 Posts: 7,109 ✭✭✭✭✭

    I believe having some gold and silver is great…as a hedge. For an investment…not so much.

  • GoldminersGoldminers Posts: 4,377 ✭✭✭✭✭

    This morning gold is down, and silver is up. You don't see that very often as usually they sort of go the same direction, but with different percentages.

    My US Mint Commemorative Medal Set

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