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I’m thinking about investing in a precious metal – gold, silver, or platinum. I’m leaning toward platinum because it seems like it has a greater variety of uses, especially industrial uses, and thus the value is more likely to stay stable or increase as opposed to gold or silver. But, I know very little about the comparative uses of the three precious metals so I welcome any opinions and suggestions on which metal is most likely to either rise in value or at least stay stable because they are useful for things other than jewelry or coins

11 Responses to “Which precious metal is best to invest in?”

1. beaver on January 22nd, 2009 1:05 am

   none right now

2. annalyzedgourds on January 24th, 2009 2:32 pm

   Gold

3. blinky42 on January 28th, 2009 12:36 am

   Invest in platinum.

4. lender2you on January 28th, 2009 6:13 pm

   It’s hard to answer your question. When you look at the market you most likely should not invest in Gold. Given the large fluctuation in value. You would be buying it on the high end if you bought it now. People may remember the late 70s and early 80s when Gold was in this same range. Almost all of the 90s and early 00s it was stable and at about half the value it is now. Now Gold Coins that a whole other beast. One that can be a better investment if you find a dealer that is willing to work with you and the amount of time you wish to hold the investment. Plat on the other hand is more stable as such would be a so so investment. Copper and silver are two that continue to climb the charts. With more and more uses and less and less being mined the value will continue to climb.

5. freakboynv2008 on January 30th, 2009 1:47 am

   the answer to your question depends on your one greatest goal for the investment. the platinum market is extremely volatile because it is such a small market by comparison. silver tends to be slightly more volatile then gold. gold has a special place here. when we hear about the price of gold going up, what we are actually seeing is inflation driving the dollar down. gold is very stable in value and its buying power is not affected by inflation. in 1900 an ounce of gold bought you a very nice set of clothes. in 2008 and ounce of gold buys you a very nice set of clothes. golds buying power has been stable for very long periods of time. that is why so many cultures chose gold as their money. many other things were tried, but even silver fell away to gold’s superior stability. the downside of that stability is that gold investments don’t explode up or fall down in real value (buying power). i personally believe that now is a great time to hold gold and silver bullion as america will very likely suffer from hyper inflation in the coming years as the fed prints money to pay off government debts. gold and silver would hold their buying power in this environment. silver even has some upside to it as industrial demand goes up or down.

6. xxu on February 1st, 2009 7:19 pm

   It all really just depends on how well the dollar is doing. when it goes down the price goes up when the dollar gains the price goes down. It all depends on how the bail out goes. i say gold maybe.

7. Clive L on February 4th, 2009 7:31 am

   What exactly are you aiming to achieve from your investment strategy? Capital gain? Back in the 1983 gold sold for over $800 per oz. Soon after it dropped below $400 per oz and has only recently reached those levels again. A sum of $800 invested in 1983 in a savings account earning say 5% pa compounded each year would have accumulated to $2580 in 2008 (25 years). If that amount of money earned say 7% pa instead of 5% pa it would have accumulated to $4057 by 2008. When you buy precious metals there is no interest being earned on your investment, only the possible capital appreciation if the price of the metal goes up by the time you want to sell.

8. mysterylady on February 7th, 2009 11:17 am

   don’t invest right now until market is stable

9. hdawg2006 on February 9th, 2009 3:09 am

   If the bailout doesn’t go through, I’d say gold.

10. Smartass on February 12th, 2009 12:48 pm

    Actually.

    If you can afford platinum, get both gold and silver.

    If you can think of what platinum is used for, think of 5-20 more ways silver can be used (considering how dirty cheap it is relatively).

    In the long term, metals will all rise in value. But the cheaper the metal the higher the volatility. Now, as the market is very fearful, nothing is going to be short term stable, but silver coins are very easy to buy and sell, so for beginners, this may be the best.

11. b2bhandshake on February 15th, 2009 10:26 am

    Make sure you understand the basics of “Investing in Gold”

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