Choosing Between Two Great Things: Gold And Silver

There are many investment options in a self directed IRA

. With so many options available, individuals might have a hard time choosing which one to go with. There are things like stocks, bonds, real estate, and precious metals.

Each investment in a self directed IRA has regulations that must be followed. Even investing in precious metals has regulations to follow. One specific regulation is that there are only four metals that qualify as an investment and they are gold, silver, palladium, and platinum.

Not only is it popular to invest in gold and silver in a self directed IRA, but it is also popular outside of one. Having to decide between investing in gold or silver is a tough choice. Investors want to try to invest in options that are the most beneficial.

Gold is worth more per ounce than silver is. It takes about 60 ounces of silver to equal one ounce of gold. Most people know that gold is more than silver, but not by that much.

Another thing that people might not know is that silver is more rare that gold. There is seven times more gold above ground than there is silver. This is because silver is used for so many things.

Several industries use silver in some way in their products. A few examples are batteries, photographs, electronics, and jewelry. Gold is also used in jewelry, but it is usually kept and saved for investment purposes.

Gold is nice because it weighs less than silver. It is lighter to transport and carry around than silver is. Gold is worth more per ounce, but weighs so much less.

Both silver and gold are excellent choices, but it just comes down to a personal preference. Gold weighs less and is worth more. Silver is cheaper and has many uses and the demand for it keeps on growing.

by: Jim Witt.

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