Gold & Silver 101 is your starting point for understanding why these precious metals have remained trusted stores of value for thousands of years. Whether you’re new to bullion investing or looking to refine your knowledge, this guide will walk you step by step through the essentials. You’ll learn how bullion pricing works, the differences between coins and bars, and why gold and silver continue to play an important role in protecting and growing wealth. We’ll also cover the history behind their enduring appeal and how modern investors use them as both a hedge and a growth strategy. By the end of this Gold & Silver 101 guide, you’ll have a clear foundation to make confident, informed decisions.

Why Gold and Silver Matter

• Historical Role: Used as money for centuries, precious metals offer security in times of economic uncertainty.
• Hedge Against Inflation: Both gold and silver often retain purchasing power even as fiat currencies lose value.
• Global Recognition: Accepted worldwide, making them highly liquid compared to many other assets.

Understanding Bullion

Bullion refers to investment-grade gold and silver that is valued by its weight and purity. The two most common forms are:

• Coins: Minted by sovereign governments, legal tender, and often easier to trade in small quantities.
• Bars: Produced by private and government mints, available in weights from 1 gram to 1 kilo or more.

For a deeper dive, see our guide: Coins vs Bars

How Gold and Silver Are Priced

• Spot Price: The current market price per ounce.
• Premiums: Added cost over spot, covering minting, distribution, and dealer margin.
• Liquidity: Smaller coins typically carry higher premiums, but they are easier to sell in small amounts.

Learn more: Spot Price & Premiums Explained

Gold vs Silver: Key Differences

Feature	Gold	Silver
Value Density	High – $3,000+ per ounce	Lower – $30+ per ounce
Storage	Compact, easy to store	Bulkier, needs more space
Volatility	Generally stable	More price swings
Industrial Use	Limited	Heavy industrial demand

Getting Started with Precious Metals

• Set a Budget: Decide what percentage of your portfolio you want in gold and silver.
• Choose a Form: Coins for flexibility, bars for lower premiums.
• Pick a Dealer: Always buy from a reputable source like Veldt.

Compare your options in: Home Storage vs Depository

Key Takeaways

• Gold and silver are timeless stores of value.
• Understanding spot price and premiums helps you avoid overpaying.
• Choosing the right form of bullion depends on your goals.
• Proper storage and trusted dealers ensure long-term security.