
Knowledge
Why Gold and Silver? Reasons, Risks and Comparison
Why gold and silver? Both metals have long been held as a store of value, but they behave very differently. Gold is bought mainly as a reserve, including by central banks. Silver is to a large extent an industrial metal and fluctuates far more. On the following pages you will find the arguments for and against both metals, the tax differences in Germany and a comparison using the gold/silver ratio. You will deliberately not find forecasts here.
- Why Buy Gold? Pros and Cons of Investing in GoldPreserving purchasing power, no counterparty risk, central bank demand – but also no interest, long losing streaks and costs. A sober assessment.
- Why Invest in Silver? Industry, Supply and RisksMore than half of silver demand is industrial. That brings demand, but also greater volatility – and, in Germany, 19% VAT.
- Gold or Silver? Comparison and the Gold/Silver RatioVolatility, tax, storage space, liquidity and the gold/silver ratio compared side by side – so you know the differences before you buy.


