Below are some Frequently Asked Questions About Investing in Precious Metals
What is a better investment? Gold or Silver?
A: Gold is usually a store of wealth that will be used for large purchases in the event you barter for goods and services. Silver is for smaller, everyday transactions. Think in terms of American currency. One silver dollar bought $100 worth of groceries in 1913. One $20 Gold piece (about an ounce) bought $2,000 worth of groceries.
What about Return? Which one is better?
A: Silver has outperformed gold over the past 20 years. Most silver is recirculated and deposits are low. Many mines closed when silver dipped below $24 per ounce and it is estimated it will take up to 5 years to bring a new silver mine into production.
Should I Store My Gold and Silver in a Depository?
A: Everything has its risk. Depositories can settle in cash and are not obligated to return your gold and silver. In fact, they can lease it out to banks and other interests.
Should I Buy a Safe?
A. It is strongly recommended that you only use a UL listed safe. Other safes can be easily opened.
Should I bury it in my Yard?
A. Anybody with a metal detector can find buried gold and silver. We don’t recommend it.
What about Safety Deposit Boxes?
A. Safety Deposit Boxes are not FDIC insured and are the property of the bank. If a bank closes, there are no guarantees you will get your gold and silver returned to you.
What is COMEX certified silver and gold?
A. This is a proven way to guarantee purity, quality and weight. Drockton Bullion only sells COMEX certified silver and gold.