Precious Metal Investment Information
When it comes to investments, one of the most attractive options available today is a precious metals investment. Read on to learn more about precious metals investing see if it is for you and why you should consider adding it to your portfolio.
Types of Precious Metals
If you are looking to diversify your portfolio by adding precious metals there are various investment options to consider. You might decide to invest in one precious metal or several, through a tax deferred retirement account, or by purchasing bullion metal directly. Learning as much as possible about type of precious metals is a good idea before making your decision.
Common Precious Metals Questions
Our retirement experts get lots of questions from curious investors. Here are some common questions and answers about precious metals:
At the most basic level, investors need to understand the terminology used for precious metals. No question is more foundational to precious metal investing than understanding exactly what is meant by the term bullion. In short, gold bullion comes in the form of bars or coins and must meet certain purity standards to be permissible in a retirement account. Gold bullion allows you to own physical gold that can be stored and liquidated at your discretion. Read these article to learn more:
There is a lot of buzz in the precious metal investing world about the gold-silver ratio. In the simplest terms, the number refers to the amount of silver required to purchase an ounce of gold. Investors look at this ratio to determine when is a good time to buy (and sell) each metal. To learn more, or to find out the current gold-silver ratio, click the link above or give us a call.
There are a number of factors that cause gold prices to fluctuate, including but not limited to:
- Supply and Demand
- Debasement of Currency
- Gold Buying by Central Banks
- Financial Crises
Regardless of the reasons for gold price fluctuations, gold remains a solid long-term investment with a strong history of performance. To learn more about the factors driving fluctuations in the prices of precious metals, read this article: Gold Price Fluctuation
Precious Metal IRAs
There are a variety of precious metal IRAs available today from which to choose. Gold is the most popular type of precious metal IRA for numerous reasons. If you’re interested in owning gold, a self-directed IRA is the way to do it. Owning physical gold outside of an IRA also has its own advantages; but owning both is a great strategy for creating a diverse long-term investment portfolio.