As the title states, I am wondering which metal I should buy for a long term investment. I already invest a couple thousand in the stock market and am going to invest the rest into a precious metal. I just checked the prices and the silver price is around $16 for an ounce and gold is around $1200 something per ounce. Obviously I could get a lot more silver but I don't know which one to get. The reason I am buying precious metals is because I read (I don't know if this is right and it was a while ago) that money inflates 3% each year. Gold and Silver would protect me from that but the prices could change at any moment. I am still *partially* recovering from the stock market "crash" after the election. Also, where could I get these metals? Could I get them at coin dealers and local jewelry places? I am not looking for anything special or a special brand of bars. I just want metals in general.
Thanks!
- Adam
EDIT: Also, please give me a logical answer and please don't say I'm too "young" to invest. I have been investing for a few years (started in 3rd grade and I am going into 7th grade). I have chosen around 7 winning stocks and 3 losers at this time. I forgot to mention, can anyone tell me if renewable energy would be a good investment?
@Deinen you're a smart person, can you help me out? lol
EDIT 2: Yes it is real life.
@KlutchDecals @Courtneyyy ur both oldies help me
