Gold vs. silver. These have been two very popular investments over the last couple of decades. If you had either from the 1990s or 2000s, you probably have made a decent profit on your investment.
About 84% of Americans do not own either silver or gold.
In contrast, 6.5% of people own both gold and silver. Then, 5.1% of people just own silver, and 4.3% of people just own gold.
So, when it comes to gold vs silver investment, what is the better option in 2022? Should you buy both? Should you buy neither?
This is your guide in investing in gold vs silver.
Investing in Gold
Let’s start with the idea of investing in gold. You have to spot price of gold over the last year and the last five years.
According to the source above, gold is down by about $50 from this point last year versus its current price. It is just over $1,850 at the moment.
During that year, the price was as high as $2,043 and the lowest point over the last year was $1,727. In other words, the price has only gone down by about $200 at most from the start of the year but has since recovered.
Now, the last five years tell a different story. The price has remained mostly stable over the last two years but it did see a significant rise by the middle of 2019.
In the middle of 2017, the price of gold has been as low as $1,227. It went down by about another $50 in the middle of 2018.
However, in the middle of 2019 had gold rise to over $1,500 and then to about $2,000 in the middle of 2020. Gold saw a decent rise during the start of the pandemic but has remained mostly steady since.
Investing in Silver
Silver has been on a slightly different trajectory over the last year. In the middle of 2021, it was worth about $28. At the time of writing, it is worth just under $22, making that a decrease of almost 25%.
Just like gold, silver still has seen a nice increase from the middle of 2017 when it was worth under $16 at one point.
The most significant rise, similar to gold, was in the middle of 2020 during the pandemic. At that point, it went from $12.77 in March of 2020 to about $28 by September of 2020.
From the middle of 2017 up until early 2020, there was very little movement in the price of silver. Similarly, from the middle of 2020 to the middle of 2021, there was very little movement.
However, now there is a decent decline, so the question is, will it get back on top?
Gold vs Silver Investment Determination
With the recaps of gold vs silver investment over the last five years, the question is, which one is better? Well, the truth is, silver seems to have a more promising upside considering how much it has declined.
However, with the possibility of inflation still on the table, it may not be a bad idea to get some gold too. For more relevant information, see our Finance section.