How to Invest in Precious Metals
Precious metals are one of the most exciting commodities in the world of investing for a number of reasons. Not only are they a tangle asset you can actually touch and therefore easily quantify, but they also stand the test of time and look absolutely fantastic, which is always nice, especially in a world of vagueness and non-physical investment products.
Here at Wall Street Investments Group, we’ve got a passion for all things precious metals and years of experience in the industry. We pride ourselves on passing our knowledge and expertise on to our customers, helping you make smart investments when it comes to gold, silver, platinum, and palladium.
So, with this in mind, let’s take a look at the different kinds of precious metals you can invest in, where you can buy and sell precious metals, investing in precious metals with an IRA, and everything else you need to know about investing in gold, silver, platinum, and palladium.
Investing in Precious Metals – Gold, Silver, Platinum, and Palladium
Let’s start by taking a look at the various forms of precious metals you can invest in. The most popular form when it comes to the investment market is gold and for good reason.
Gold is a rocksteady investment and has been for hundreds of years. All the pieces we provide to our investment clients are easily recognized which means they are also very easily traded, and gold pieces are some of the most appealing forms of investments available today.
Silver is not quite as popular as gold but is still very much up there when it comes to the world of investments. Much like its golden counterpart, it’s easily recognizable, and many of the pieces available on the market are easily traded because prices can be checked online very simply. This makes it attractive to investors as silver is easy to hold on to as well as move on, with less volatility than many other investment commodities.
Platinum is one of the relative newcomers in investment circles, but one that is growing in popularity by the day. It’s more unique than gold and silver, which makes it highly investable due to its relative scarcity. The cost of platinum also means you can make more money due to the higher innate value of the material itself.
And finally, palladium. Palladium is another relative newbie in the investment game but is not far behind platinum and the others we’ve mentioned. It’s another high-ticket item with beautiful designs, and it is incredibly appealing to investors due to its limited availability when compared to gold and silver. Again, it’s very expensive as raw material, making it a brilliant investment opportunity.
Investing in Precious Metals vs Other Opportunities
Investing can be a tricky business, especially when you’re not quite sure what you’re doing. Even for the seasoned expert with years of experience, there are lots of new commodities being brought into investment circles which are confusing, to say the least.
Think of cryptocurrencies for example, while lots of people claim to be experts on all things crypto, nobody actually has much of a strong idea on what will influence the market. Elon Musk can send a tweet and send everything one way or another, and it’s impossible to truly understand how things will fluctuate and whether or not these fluctuations will be of any benefit to you.
This makes them unstable, and while they can be high-reward, there’s also a massive risk involved and a high likelihood of you losing out on lots of money.
But that’s not the case with the likes of gold, silver, platinum, and palladium, primarily because they are tangible assets that you can physically touch, and therefore easily attribute value to. Gold and silver in particular have been popular investments for years now, and they have intrinsic value that has been recognized for centuries, with certain designs and styles of bullion attracting more interest than others.
This makes them much easier to trade because you know exactly what you’re dealing with, but also makes them much more stable as a long-term and medium-term investment opportunity. Essentially, you know where you stand with precious metals, and other investors do too. This means that they are the best way you can make money from your investments rather than enter a risky situation.
There are also live spot checkers and historical data you can use to your advantage when investing in precious metals. This means that you have lots of data to go off to make an informed decision, as opposed to other forms of investment opportunities that are much newer and therefore less-researched. People know less about things like crypto which means you do too, and this makes them unpredictable and difficult to invest safely.
Low Volatility
As we’ve touched upon, precious metals offer much less volatility as opposed to many other competing investment opportunities, which has never been more the case than it is today.
This means they are less risky in general and much safer to invest in over longer periods of time. It also means that you’re unlikely to completely lose all your money if things don’t go your way, and if you wait it out, you’re pretty much guaranteed to turn a profit. With things like crypto, for example, this couldn’t be further from the truth, and you’re pretty much partaking in a live experiment because you’re investing your money into something so unknown.
This isn’t the case with precious metals, especially gold and silver, because you know exactly where you stand and how much your pieces are worth. You also have access to trends from literally hundreds of years to make an informed, smart investment decision.
Recession-Proof
Gold in particular is known in investment circles as a recession-proof investment. This applies to other precious metals such as silver and platinum, not to mention palladium, but is more so the case with gold.
This is because it holds its value better than pretty much any other commodity out there, and has years of history to back up and reinforce its power in the industry. It’s easily recognized and sold through a multitude of different methods, and you know that when you invest with gold, you’re making a safe bet that will help you reap rewards.
The recession-proof nature of gold and other precious metals is incredibly rare, so you best make the most of a golden opportunity by investing smartly. Luckily for you, we have a team of seasoned experts in the precious metals game who can guide you through the journey, whether you’re buying or selling gold, silver, platinum, or even palladium.
Get in touch with our friendly team to find out more.
Get in Touch with Wall Street Investments Group Today
Sound good? Get in touch today. If you have any queries at all relating to precious metal investing, whether it’s gold, silver, platinum, or palladium, we’re here to help and can answer all questions for you.
We’re a friendly team here at Wall Street Investments Group, and have the expertise and knowledge to help you make smart decisions. We make your money go further and explain how you can reap the benefits of precious metals with ease, in a simple-to-understand language and a transparent approach. Not only do our sister sites offer unbeatable prices on both buying and selling precious metals, but they are highly trained and love speaking to new customers. It’s this love for customer service, not to mention a wealth of knowledge and passion for the area of expertise, that separates us from the competition.
We love speaking to new customers and helping you diversify and maximize your investment portfolio, so get in touch to find out how we can help you protect your wealth and build upon it with precious metals today.
