Today Warren Ingram speaks about investing in silver, the risks involved, holding gold or silver for long periods of time and other investment opportunities, like the exchange-traded funds (ETFs) that track the value of gold or silver.


Takeaways

• Investing in silver is similar to investing in gold, as both are commodities that don't generate any income.
• People buy precious metals like gold and silver when they're worried about the future or inflation.
• Holding gold or silver for long periods of time can result in losses.
• Silver is cheaper than gold and has more industrial uses, but if safety is the goal, gold is the preferred option.
• Investing in exchange-traded funds (ETFs) that track the value of gold or silver is an alternative to buying physical metals.
• Wealthy individuals often hold a small percentage of their assets in commodities as insurance against unforeseen events.
• For most investors, it's better to focus on buying companies and equity funds that generate growth and dividends.

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