Your Questions About Purpose Of Investing Money

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Chris asks…

Should I keep my money in a savings account or in bullion?

With the market volatility, I’m a little hesitant to keep my money in a savings account due to inflation. I collect coins and I’m deciding whether I should invest the money in my savings into silver bullion to protect it from inflation.

Justin answers:

Both of your options are a poor choice.
Any type of bank account interest is very low and should
only be there for emergency purposes. Investing in only
one commodity like silver is very risky and the probability
of it going down is in effect. Best you invest in the stock
market, ETF or mutual funds.

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