A Practical Financial Tip From A Successful Investor

Post on: 28 Март, 2015 No Comment

A Practical Financial Tip From A Successful Investor

Investing in gold and silver can be a smart financial strategy in todays markets. As governments inflate the paper money supply, investing in precious metals is a way to mitigate your financial portfolio risk. Investing in gold and silver online will provide a safe haven as you diversify your holdings.

Increased demand

When it comes to gold and silver, your chances of making money frequently increase over traditional investment portfolios. There, you can make money when times are good and lose as much during economic downturns.

Metal exchange, on the other hand, is far less complex. You buy it at one price, and you sell it at a higher price. In their millennia of existence in human society, gold and silver have never been worth nothing. which makes them not just secure investments, but very profitable ones due to the consistent demand for them.

Inflation is not an issue

In metals exchange, your inventory is never truly lost, since they never depreciate, and their prices are not affected by inflation. In fact, when real estate and bank equities cant cover debt, gold and silver get cashed in, which places yet another demand on your secure investment.

Not a matter of if, but when

Since gold and silver are one of the safest investments ever, the only essential issue is to buy it and sell it at the right times. You dont need to study stock quotes, dividend payouts, IPO announcements, and/or industry news. With gold and silver, its not a matter of if you will make money, only a matter of when.

Where to purchase?

You can buy gold or silver coins directly from the U.S. Mint. This is the best way to acquire these precious metals, due to the safety of the transaction, quality of the goods, and fair pricing.

Collectible coins like the American Eagle are generally sold for a premium on the secondary market, so buying from the U.S. Mint directly protects you from scams and shady coin dealers.

How to sell?

The first step is to figure out the price of your metal by going to Kitco. Prices are quoted in ounces, and the site also provides historic prices, so you can determine whether you want to sell now or wait for prices to rise even more.

Industry standards say that 70 percent of the metals market value is a good deal, but you should expect most places to offer 30 to 40 percent. You have to decide how much you want to make, and investigate who might give you more, since not too many places will offer up more than 50 percent.

Physical or non-physical gold and silver?

A Practical Financial Tip From A Successful Investor

If you want to invest in gold and silver to protect your investment portfolio, hand it down to your children, or in the case of hyperinflation or currency collapse, then you will probably want to invest more heavily in the physical metal. This means you will be buying gold or silver coins and bullion. On the other hand, if you are interested in actively trading your gold and silver investments to make money, then you should invest in precious metals ETFs (these are electronic funds) or shares in precious metals mining companies.

For more information

At Scottsdale Bullion and Coin, you can find some additional information as to the current state of the gold and silver markets.

Different from some other firms, SBC does not regard customers as profit margins, but as people who are seeking in-depth insights, so as to make sound and informed investment decisions.

For most people, the greatest hurdle to begin investing in gold and silver is logistics. Its foreign territory, and some hand-holding might be required. SBC works collaboratively with its customers and educates them on the intricacies of the precious metals markets.

By so doing, the company will allow you to formulate a well-supported decision about investing in gold, silver, and other precious metals.

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Featured photo credit: digitalmoneyworld via Flickr


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