For years, I’ve advised people to buy gold and silver, especially up to the year 2010. As you may know, gold was approximately $275 an ounce in 2000, and by 2010, gold was over $1,300 an ounce. Silver has been the better of the two precious metals, starting at below $3.50 an ounce a few years ago and reaching a high of approximately $40 this year.
Yet, gold and silver aren’t the best investments for the following reasons.