Everyone knows that a healthy investment portfolio consists of the right mix of stocks, bonds, cash, and even real estate. But another important and often under-utilized resource to add to this diversification is the contribution of precious metals.
Although there are many kinds of precious metals, the two most popular ones that are used for investments are gold and silver. Gold and silver have been regarded as one of society’s oldest forms of currency. Their appeal comes from 1) the fact that they are a tangible asset that we can hold in our hands and 2) the observation that they tend to retain their value even as the economy tends to fluctuate.