“5 Essential Things to Know Before Investing In Precious Metals”
October 21, 2019
“…1. Physical gold and silver in hand is not the same as precious metals ETFs and mining stocks.
…With mining stocks, you are investing more in the miner than in the actual metals… So even if the price of gold and silver are rising, a company’s stock value may drop if the company itself is underperforming.
… you can’t buy anything with a piece of paper stating that you own metals ETFs or mining stocks. Physical gold and silver are forms of money; paper gold and silver are not.
2. Precious metals can help you diversify, but even metals need diversification.
… What kind of gold are you looking to invest in? Bullion bars? Investment grade limited-strike coins? If the latter, which coins?… How much of each you decide to purchase depends on your capital resources and your allocation preferences…
3. The finer the metal, the higher the investment value...
4. Physical gold and silver are private assets and should be stored securely...
5. Before Your Buy, Find a Reputable and Ethical Seller
If you don’t do your research, you may not get the most competitive price or the best service. Although you are probably careful enough not to end up getting fooled by a scam, the only way to ensure that this doesn’t happen is to research the company from which you intend to buy. Here are a few simple tips…”
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