Gold and Silver
Gold and silver have been great investments since they were discovered centuries ago. Both of these metals have been used as currency throughout the years. They have been popular for jewelry and decorations, and both have been very collectible in all forms. You will want to invest in gold and silver to prepare for your retirement future.
You can buy gold and silver in many places around the world. If you want some ideas of where to go, you can check out Investor’s Circle and see what they have to say. They have some good information that you cannot get elsewhere. Be sure and read all the information that they have to share. It could be important to you.
This article will tell you a little about investing in these two precious metals. They are highly collectible, and many will want to invest in them. There are some things that you should know about these metals. These metals have an interesting history that you could research to find more information.
Information
There are some key points that you want to takeaway with if you are planning on investing in gold in the near future. Gold and silver have only gone up in price since the early 2000’s. Gold increased in price by 510% and silver by 240% as of August of 2020. The stock markets have only increased by 140% at the most. Gold and silver have never had a value of zero in their respective histories. There have been currencies that have become worthless in that time. You want to invest in something that has a good past, because it means there will be a good future.
These two precious metals are the most popular ones in history. One of the best reasons that they have remained popular is because they will keep their value, while other commodities are losing value. They also do not have counterparty risks like stocks, bonds, and currencies – this just means they have the risk of going down to zero. Stocks, bonds, and currencies have all gone to zero at some point in history. You can see that here. This article has some good information for you.
Gold has always been a hedge against political upheaval, systematic collapses, and financial bankruptcy. Silver is a great way to invest in technology since almost all new technology has some degree of silver in it. Silver is also a great way to invest in the solar industry because the crucial ingredient of a photovoltaic battery is silver.
Gold is also a great hedge against inflation, so it is great for any retirement plan. In the financial crisis of 2008, gold and the American dollar were the only assets to survive. Since these two precious metals are still very hard to find, the supply and demand for them is still very favorable,
Questions to Ask
You want to make sure that the people that you are buying these metals from are reputable businesses. To do that, you can ask some of the following questions.
- What are the costs that are associated with this transaction? This should only be the price of the gold or silver, shipping charges, sales tax, and a dealer premium. You should not be expected to pay anything other than these fees: https://moneyning.com/investing/investing-in-physical-gold-can-cost-you/. If they are asking for more fees, move on to the next dealer.
- What is the markup per ounce of precious metal? This should be less than five percent. If it is more than five percent, you can question the extra fees. If the dealer does not answer to your satisfaction, move on to the next dealer.
- What are the fees for shipping, insurance, and policies? This should be very much like other major shippers. Check around before you buy to see the prices that other shippers might have. This way you will know if they have similar fees.
- Are there reviews from independent sources of the involved dealer? You should check out independent reviews and blogs to get these. Do not believe the first review that you read, you will want to check out many. If they are all bad reviews, consider another dealer. You can always check the BBB and your attorney general’s office. They can also give you reviews for the dealer.
- What are the guarantees of authenticity in regard to bullion coins? The dealer should have an explicit guarantee. If they have no guarantee, move on to the next dealer. Every dealer should have some kind of guarantee.
- Are there guarantees of accurate grading if you are buying numismatic coins? The dealer should have explicit guarantees when it comes to this, as well. The dealer should also guarantee their numismatic coins, too. You can look here for a typical guarantee. Not all guarantees are the same, so check them out.
- If I find another dealer with a lower premium, what should I do? You should check this out before you buy. Check with all the dealers in your area to find the lowest premium. But you need to remember, that the lowest premium does not always mean the best quality.
- Will you buy back the metals if I decide to sell them? You should ask the dealer about buyback policies before you buy. If this is important to you, you will want to make sure that this is a part of the deal when you buy.
Conclusion
Buying gold and silver is a great investment at this time. It is a good hedge against financial issues of all kinds. These metals hold their value and are easy to buy. If you are looking to buy gold and silver, you need to ask some questions before you buy. These questions can save you from financial heartbreak.
You will want to make sure that you have a reputable dealer before you buy. You can check out your state’s attorney general’s office or the Better Business Bureau so that you can check out their reputation. You can also check out reviews left by other customers to see how they felt about the dealer that you are choosing. The dealer may have a few bad reviews, but if they have many more positive reviews, then you are safe to buy from them.
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