Both gold and silver are great investment options for just about any diversified portfolio. These assets are known to be large stores of value, which often record price growth even in times of poor market conditions and economic uncertainty. The point here is that gold isn’t always a good investment. The best time to invest in almost any asset is when there is a negative mood and the asset is favourable, offering significant upside potential if preferred again, as stated above.
Given the instability of the economy and financial markets due to the coronavirus pandemic, there is renewed interest in precious metals such as silver. Like gold, silver has been on a steady upswing since March. Precious metals can function as the ultimate alternative asset and thrive when other investments become unstable and sink.