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The Joy’s of Investing: $20,000 in Gold vs. SIlver

When considering an investment in precious metals, it’s important to understand the physical differences between gold and silver. To illustrate this, let’s compare $20,000 worth of silver bars at a current market price of around $22 per ounce to $20,000 worth of gold coins at a current market price of around $1,850 per ounce.

In terms of physical size, $20,000 worth of silver bars would take up a lot more space than $20,000 worth of gold coins. At the current price, 960 ounces of silver would weigh around 68 pounds and could fit in a small safe, while 10 ounces of gold coins would weigh around 0.67 pounds fit in your pocket.

While the physical size of your investment may not be a top priority, it’s important to consider how you plan to store your precious metals. Depending on the amount you’re investing, you may need to invest in secure storage options such as a safe or a vault.

Ultimately, the decision of whether to invest in gold or silver, and how much to invest, should be based on your individual financial goals and risk tolerance. By considering the benefits and drawbacks of each metal and seeking professional advice, you can make informed decisions about your precious metals investments.

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