Don’t make the mistake of writing off silver as a “cheaper cousin” of gold. Another alternative to buying gold is investing in metals for electric vehicles, such as nickel and cobalt. Gold is considered an excellent diversifier due to its low correlation with other asset classes, particularly equities. This becomes even more pronounced in more difficult times when gold can be used as a rescue tool
There is a high price difference between silver and gold, which makes it a bit easier to choose silver as the main alternative to gold. The more volatile price of silver compared to the price of gold is due to the smaller market, lower market liquidity and changes in industrial demand. The investor seeking delivery of gold upon receipt of payment should also review the contract specification for the premium to be paid on physical gold. Some of these people even go so far as to confiscate gold. So offshore activities are a great way to properly store gold and avoid seizure of gold.
You can withdraw from the contract within this period at the prices listed on the stock exchange, or you can stay until the due date and have the option to arrange for physical delivery of gold. The contract is settled on the due date. However, the price of gold is set on the transaction day itself. The issuer fund house also charges an administration fee for gold ETFs, which is the annual cost of holding gold ETF shares. You may be familiar with platinum in jewelry, which fetches higher prices and is more reputable than gold