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Gold bars and coins vs. silver bars and coins: Which is better for investors?
Thanks to inflation, high interest rates and overall economic uncertainty, many Americans have looked toward precious metals in recent years. These investments often provide a low-risk way to both protect wealth and, in many cases, even grow it. Interest in precious metals has grown so much that even big-box stores like Costco have begun selling gold and silver bars and coins.
But while both of these can be good options for investors, in some cases, one may be a better choice than the other.
“Some individuals purchase silver as if it were a perfect substitute for gold simply because both are precious metals and the price of the former is usually a fraction of the latter,” says Peter C. Earle, a senior economist with the American Institute for Economic Research. “But there are differences in demand, liquidity, and performance under various market and economic conditions which make them similar — but quite imperfect — as substitutes.”
Not sure if you should put your money in gold or silver bars and coins? Below, we’ll break down what experts have to say.
Start exploring your gold and silver investing options online here.
Gold bars and coins vs. silver bars and coins: Which is better for investors?
Here’s how to tell when each precious metal type may be preferable, according to the experts we spoke to.
When gold bars and coins are better for investors
If you’re mostly worried about inflation and the declining value of your dollar, gold bars and coins are going to be the better option over silver, some experts say.
“Generally speaking, gold will be a more suitable inflation hedge,” says Matt Willer, managing director of capital markets at Phoenix Capital Group Holdings.
This is because gold is more scarce, yet retains high demand — both from investors and various governments across the world. Silver — which is much more available and used in many industrial ways — sees more ebbs and flows in demand and pricing. This also makes gold a lower-risk investment, so if you’re more conservative with your money, you may want to choose gold rather than silver, according to experts.
“Prices for silver can be volatile,” Earle says. “And in a severe depression, while gold is likely to rise in price, it’s conceivable that the price of silver may actually fall as demand for the products and processes utilizing it decline.”
Finally, if you’re short of storage space (or don’t want to pay for a lot of it), gold can also be the better option.
“With burglaries and theft on the rise, your valuables need to be vaulted,” says Nick Fulton, managing partner at USA Pawn and chairman of the Mississippi Pawnbrokers Association. “It’s much easier to move $50,000 in gold to a safety deposit box versus silver. To put the weight amount into perspective, in today’s market, it takes 85.55 ounces of silver to equal 1 ounce of gold.”
Learn more about the benefits of investing in gold here today.
When silver bars and coins are better for investors
Gold can be a smart choice for many investors, but for some, silver may be the better fit — particularly if you’re on a tight budget. This is because silver comes at a much lower price than gold, allowing you to purchase more of it for the same amount.
It also offers you a chance at higher returns, and it can be especially profitable in good economic times, Earle says.
“During periods of strong economic expansion, when inflation is low and employment expanding at a noninflationary rate, silver may rise simply owing to expanded industrial use,” Earle says. Meanwhile, he says, growth in gold is more likely to be “muted,” particularly if inflation and geopolitical tensions are low.
Finally, you might want to invest in silver if you’re expecting a surge in demand for products that require silver in their manufacturing.
“Gold is primarily used for jewelry only, while silver is a significant component in green energy, like solar panels and also medical devices,” says Nicholas Ganesh, managing member of Endeavor Metals Group. “So if you are making a bet on a more macro theme, silver may be a better option.”
Deciding between gold and silver
Both gold and silver have their uses, but if you’re not sure which is best to invest in right now, there are a few things you should consider, experts say. First, know your purpose for the investment. If it’s to produce high returns, opt for silver. If you’re looking more for a safe way to protect your wealth and beat inflation, consider gold.
You can also look at market conditions, including gold and silver prices, for guidance. “Factors such as supply and demand dynamics, geopolitical events, and economic indicators can influence the prices of different forms of precious metals,” says Alex Ebkarian, co-founder of Allegiance Gold.
And if you still can’t decide, opt for buying both, as long you have the budget for it. “Consider diversifying your wealth into gold and silver, versus choosing one over the other,” Ebkarian says.
Get started with gold and silver online now.
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Sen. Tammy Duckworth says Pete Hegseth is “flat-out wrong” about women in combat roles
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Sen. Duckworth says Trump defense secretary pick is “flat-out wrong” about women in combat roles
Democratic Sen. Tammy Duckworth said Sunday that Pete Hegseth, President-elect Donald Trump’s pick for defense secretary is “flat-out wrong” in his view that women should not serve in the military in combat roles.
“Our military could not go to war without the women who wear this uniform,” Duckworth said on “Face the Nation with Margaret Brennan.” “And frankly, America’s daughters are just as capable of defending liberty and freedom as her sons.”
Trump tapped Hegseth, a former Fox News host and Army veteran who served in Iraq and Afghanistan as his pick to head the Defense Department earlier this month. The 44-year-old has drawn criticism for his stance on women in combat roles, along with his level of experience.
Duckworth, who in 2004 deployed to Iraq as a Blackhawk helicopter pilot and sustained severe injuries when her helicopter was hit by an RPG, outlined that women who serve in combat roles have met the same standards as men, passing rigorous testing. She said Hegseth’s position “just shows his lack of understanding of where our military is,” while arguing that he’s “inordinately unqualified for the position.”
“Our military could not go to war without the 220,000-plus women who serve in uniform,” Duckworth said. She added that having women in the military “does make us more effective, does make us more lethal.”
Hegseth has also drawn scrutiny amid recently unearthed details about an investigation into an alleged sexual assault in 2017. Hegseth denies the allegation and characterized the incident as a consensual encounter. The Monterey County district attorney’s office declined to file charges as none were “supported by proof beyond a reasonable doubt.” His lawyer has acknowledged that Hegseth paid a confidential financial settlement to the woman out of concern that the allegation would jeopardize his employment.
Duckworth, an Illinois Democrat who serves on the Armed Services and Foreign Relations Committees, said it’s “really troubling” that Trump would nominate someone who “has admitted that he’s paid off a victim who has claimed rape allegations against him.”
“This is not the kind of person you want to lead the Department of Defense,” she added.
The comments come after Trump announced a slew of picks for top posts in his administration in recent days. Meanwhile, one pick — former Rep. Matt Gaetz for attorney general — has already withdrawn his name from consideration after he faced intense scrutiny amid a House Ethics Committee investigation and a tenuous path to Senate confirmation.
While Duckworth acknowledged that she’s glad her Senate Republicans “held the line” on Gaetz and also elected Sen. John Thune as leader over a candidate favored by many in Trump’s orbit, she said she’s “deeply concerned” her Republican colleagues will green light Trump’s nominees.
“From what I’m hearing from my Republican colleagues on everything from defense secretary to other posts, it sounds like they are ready to roll over for Mr. Trump,” Duckworth said.
But Duckworth didn’t rule out supporting some of the nominees herself during the Senate confirmation process, pledged to evaluate each candidate based on their ability to do the job, and their willingness to put the needs of the American people before “a retribution campaign for Mr. Trump.”
Meanwhile, a CBS News poll released on Sunday found that 33% of Americans say Hegseth is a “good choice” for defense secretary, including 64% of Trump voters. But 39% of Americans said they hadn’t heard enough yet about the pick. More broadly, Americans generally say they want Trump to appoint people who’ll speak their minds and who have experience in the field or agency they’ll run.
Sen. Rand Paul, a Kentucky Republican who also appeared on “Face the Nation” on Sunday, said he believes that Hegseth can run the massive Defense Department, despite his lack of experience managing a large organization. Though he did not address Hegseth’s comments about women in combat roles, Paul said he believes the “vast majority of people” support leaders who are picked based on merit, citing Hegseth’s criticism of the Pentagon for what he says has been a move away from merit-based hiring and toward hiring based on “racial characteristics.”
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Israeli strike kills Lebanese soldier as Hezbollah fires at least 185 rockets at Israel
Hezbollah fired at least 185 rockets and other projectiles into Israel on Sunday, wounding seven people in the militant group’s heaviest barrage in several days, in response to deadly Israeli strikes in Beirut while negotiators pressed on with cease-fire efforts to halt the war.
Meanwhile, an Israeli strike on a Lebanese army center killed one soldier and wounded 18 others on the southwestern coastal road between Tyre and Naqoura, Lebanon’s military said. Israel’s military expressed regret and said the strike occurred in an area of combat against Hezbollah, adding that its operations are directed solely against the militants. The strike was under review.
Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon’s military has largely kept to the sidelines.
Lebanon’s caretaker prime minister, Najib Mikati, condemned it as an assault on U.S.-led cease-fire efforts, calling it a “direct, bloody message rejecting all efforts and ongoing contacts” to end the war.
“(Israel is) again writing in Lebanese blood a brazen rejection of the solution that is being discussed,” a statement from his office read.
The strike occurred in southwestern Lebanon on the coastal road between Tyre and Naqoura, where there has been heavy fighting between Israel and Hezbollah.
Hezbollah began firing rockets, missiles and drones into Israel after Hamas’ Oct. 7, 2023, attack out of the Gaza Strip ignited the war there. Hezbollah has portrayed the attacks as an act of solidarity with the Palestinians and Hamas. Iran supports both armed groups.
Israel has launched retaliatory airstrikes since the rocket fire began, and in September the low-level conflict erupted into all-out war, as Israel launched waves of airstrikes across large parts of Lebanon and killed Hezbollah’s top leader, Hassan Nasrallah, and several of his top commanders.
Hezbollah fired a total of around 160 rockets and other projectiles into Israel on Sunday, some of which were intercepted, the Israeli military said.
Israel’s Magen David Adom rescue service said it was treating two people in the central city of Petah Tikva, a 23-year-old man who was lightly wounded by a blast and a 70-year-old woman suffering from smoke inhalation from a car that caught fire. The first responders said they treated three other people in northern Israel, closer to the border, including a 60-year-old man in serious condition.
It was unclear whether the injuries and damage were caused by the rockets or interceptors.
Israeli airstrikes early Saturday pounded central Beirut, killing at least 20 people and wounding 66, according to Lebanon’s Health Ministry.
Israeli attacks have killed more than 3,500 people in Lebanon, according to Lebanon’s Health Ministry. The fighting has displaced about 1.2 million people, or a quarter of Lebanon’s population.
On the Israeli side, about 90 soldiers and nearly 50 civilians have been killed by bombardments in northern Israel and in battle following Israel’s ground invasion in early October. Around 60,000 Israelis have been displaced from the country’s north.
The Biden administration has spent months trying to broker a cease-fire, and U.S. envoy Amos Hochstein was back in the region last week.
The European Union’s top diplomat called for more pressure on both Israel and Hezbollah to reach a deal, saying one was “pending with a final agreement from the Israeli government.”
Josep Borrell spoke Sunday after meeting with Mikati and Lebanese Parliament Speaker Nabih Berri, a Hezbollah ally who has been mediating with the group.
Borrell said the EU is ready to allocate 200 million euros ($208m) to assist the Lebanese military, which would deploy additional forces to the south.
The emerging agreement would pave the way for the withdrawal of Hezbollah militants and Israeli troops from southern Lebanon below the Litani River in accordance with the U.N. Security Council resolution that ended the 2006 war. Lebanese troops would patrol the area, with the presence of U.N. peacekeepers.
Lebanon’s army reflects the religious diversity of the country and is respected as a national institution, but it does not have the military capability to impose its will on Hezbollah or resist Israel’s invasion.