In many of my previous articles, I have always encouraged Singaporeans to buy precious metals such as gold and silver bullion as a means to build up wealth in Singapore. This is because I have always believed that wealth is more secure in the long run when invested in physical bullion than in the current stock market, which I think is long overdue for a massive correction. But the perennial question is: is it worthwhile to buy silver or gold bullion? How do you build wealth with silver and gold bullion? To answer this question, it is important that Singaporeans understand the risks involved in silver investments.
Many novice investors thought that prices of silver tend to go in tandem with gold. This is not true and history has validated this point. During the Great Depression in the early 1930s, many people were buying gold to preserve their wealth, resulting ...
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