As investors continue to look for new tools, some experts are warning investors. There are assets like gold, Bitcoin (BTC) and silver that many keep on their radar as stores of value. However, one should not invest in one of them, according to one expert. cryptocoin.com We are giving the details as…
Gold and Money Markets Expert: Don’t buy silver
Silver, which is one of the popular investment instruments, attracted investors especially with its affordable price. However, Gold and Money Markets Specialist Mehmet Ali Yıldırımtürk said that this asset should not be invested; because he claimed that it would not offer any serious gains both in the short term and in the long term. Many experts recommend silver because of its use in many industries. Yıldırımtürk, on the other hand, believes that this situation is not permanent.
Yıldırımtürk states that people buy “silver because it is cheap”, that “68 kilos of silver are bought instead of buying 1 kilo of gold”, but that he does not believe that this asset will rise much. According to the expert, the price of silver can reach a maximum of $ 26.5 per ounce. At the time of writing, silver is at $22.86 an ounce. Thinking that investing in gold instead of silver will offer more returns, Yıldırımtürk said, “It would be more profitable to buy gold instead of silver.” says. He underlines that the yellow metal may rise on dollar basis in the next period, therefore he does not want to direct investors to silver. In particular, he states that “wrought silver should not be bought” and even that the purchaser of this asset will be the “final owner”. Pointing out that he sees gold as more important in terms of savings, the expert said that he will choose gold between gold and dollars.
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