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The world seems topsy-turvy these days. We understand the world can feel filled with bad news lately and peace of mind can feel elusive to many people. That’s why more and more investors are going back to basics and turning to precious metals as the foundation and anchor of their portfolios.
Having been used as currency and recognized as valuable for thousands of years, some modern investors are clearly seeing what others before them saw—that precious metals can be a great way to store value and to position for future appreciation.
In this article, we’ll discuss several of the most popular precious metals for investing. We will show you how and where to buy precious metals. And for those of you with individual retirement accounts, we will guide you on how to invest in the precious metals IRA.
The first stops on your exploration of how to invest in precious metals are with the metals themselves.
Precious metals are elemental metals that have high economic value. Throughout the ages, these metals have been valued for their industrial and practical uses and their scarcity.
The most popular precious metals are resistant to corrosion, conduct energy, and have been used in manufacturing, investments, jewelry, and currency. They are:
Each has its own unique properties and applications.
Often recognized for its beautiful color and shine, gold seems to be the world’s favorite precious metal.
It is also very malleable and highly conductive, which makes it very useful in jewelry, thermal insulation, and electronics. Most government mints around the world manufacture their flagship coins from gold.
Of all the elements, silver has the highest thermal and electrical conductivity rate. Its industrial uses span far and wide, and modern products such as solar panels and most electronics cannot currently function without silver.
Of course, silver is also a beautiful metal that has been used for centuries as currency and fashioned into jewelry.
Platinum is a beautiful metal and is extremely rare. Known for its malleability, corrosion resistance, and density, platinum is widely used in the industrial sector. The weapons industry, the dental industry, and catalyst manufacturers all rely on platinum.
Ongoing automobile catalytic converter thefts help demonstrate how rare and valuable palladium is. Also used in electrode plating and in “white gold,” palladium is an extremely rare metal that maintains stability at high temperatures. It can absorb large amounts of hydrogen, much like platinum.
Learning how to buy precious metals can be confusing.
To help you understand, we’ll break down precious metals investments into types, you can get more clarity on where to buy precious metals for your portfolio.
The two main types of metals investment vehicles are:
Physical precious metals are actual gold bars and gold coins that are tangible and can be held in your hands.
One can acquire physical metals fairly easily.
Most cities have coin stores that may sell all types and conditions of precious metal coins and bars. These collectible coin shops are usually dedicated to the trade of different types of precious metal coins and bars, and are a valuable resource when you want to buy or sell your metals.
The precious metals self-directed IRAs allow for ownership and storage of approved physical gold, silver, platinum and palladium within the individual retirement account.
A precious metals IRA works like the individual retirement account that you may already own. You can use the funds in your current account to fund your new account and purchase your precious metals inside the IRA.
Paper-based precious metals products play on the ups and downs of precious metals pricing, but do not give the owner physical metals that can be owned and held.
The most common methods of paper-based trading include:
As you can see, deciding how to invest in precious metals requires a lot of thought.
Take full inventory of your investment needs and strategies, and choose the right method for you.
As with any investment, precious metals have their own potential risks and rewards. Maximizing the advantages and minimizing the risks is the key to long-term investment success.
Let’s review both.
Precious metals can help anchor your portfolio and position it for potential growth. Some of the biggest benefits to ownership include:
It’s important to understand the potential risks of precious metals. By having a complete understanding, you can potentially counterbalance the risk or alleviate it altogether.
The risks include:
Many investors have found that precious metals ownership inside an IRA provides an answer to these risks.
The precious metals self-directed IRA is a sort of catch-all—providing safe storage, palatable fees, and metals that move in tandem with their respective spot prices.
When dealing with a reputable precious metals IRA company like Advantage Gold, you can take advantage of their in-house liquidation policy. Not only can you buy your metals from the comfort of your home, you can typically sell your metals back to Advantage Gold. You will not have to search for and deal with a third party.
When done correctly, precious metals ownership can give your portfolio protection and long-term appreciation. Metals can help anchor and truly diversify your investments with an asset non-correlated to the stock market.
For almost a decade, Advantage Gold has helped clients like you. Whether you want a direct delivery of gold, silver, platinum, or palladium to your door, or want us to guide you on how to invest in a precious metals IRA, our trained professionals are here and happy to help.
Call us today to start the process or send us your contact information and we’ll be in touch.
We look forward to speaking with you soon.
Please note that Advantage Gold and its representatives are not licensed or registered investment advisers, attorneys, CPA’s or other financial service professionals. We do not offer or render any legal, tax, accounting, investment advice or professional services. Additionally be aware that precious metals carry risk of loss and are not a suitable investment for everyone. Past performance is not necessarily indicative of future results and you should always consult your financial and tax professional and carefully evaluate all risks associated with the acquisition of precious metals before making the investment.
The statements made on this website are opinions of Advantage Gold LLC. Past performance is not necessarily indicative of future results. Precious metals, Gold American Eagles, Proof Gold American Eagles, certified gold coins, as well as gold and silver bars carry risk and investing in precious metals directly or through an IRA is not suitable for all investors. Precious metals and coins (i.e. Canadian Gold Maples, Canadian Silver Maples, American Gold Eagles, American Silver Eagles, Proof Gold American Eagles, Proof Silver American Eagles, Certified Gold American Eagles, Numismatic Gold Coins) may appreciate, depreciate, or stay the same depending on a variety of factors. Precious metals can and will fluctuate unexpectedly. Advantage Gold cannot guarantee, and makes no representation, that any metals purchased (i.e. .999 gold bars, .9999 silver bars, or any gold coins) will appreciate at all or appreciate sufficiently to produce a profit above and beyond the mark up/ commissions charged whether they are bought for direct delivery or inside of a precious metals IRA. The decision to purchase or sell precious metals with cash or inside of a Gold IRA or a Gold Backed IRA, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment. By accessing any Advantage Gold content, you agree to be bound by the terms of service. Review the terms of service and privacy policy.
*Consult your tax Advisor.
