Investing in gold and silver can be an excellent investment strategy for many reasons.
Firstly, if you are looking to invest outside the stock market, there is no better option than investing in precious metals.
Secondly, these investments provide a hedge against inflation without having to pay capital gains tax on any profits.
Thirdly, it’s also possible to get exposure to other commodities like wheat or oil by trading futures contracts on them through the COMEX division of the New York Mercantile Exchange (NYMEX).
And finally, these investments offer diversification benefits because they don’t correlate with stocks or bonds as closely as other assets do.
The one drawback of investing in precious metals is that they’re not liquid enough for short-term traders or those looking to quickly liquidate their portfolio.