Best Investment Strategies for Short-Term Gain
While it is true that all worthwhile investments carry some degree of risk, investing in Silver, Gold and Platinum, for example, can be an excellent choice for those seeking short-term gain. Before adding Precious Metals to your portfolio, it is essential to follow a few guidelines.
RESEARCH MARKET TRENDS
When economists have a concern about inflation, Precious Metals prices tend to rise. History has shown that fears of inflation come up again and again over time. It is always best to watch the bullion market for a period before making a substantial investment so you can observe the peaks and valleys in pricing.
Large traders observe the markets carefully, purchasing Precious Metals while prices are at their lowest. Then, after waiting for spot prices to go up, sell when prices enter the higher territory. Make a note of analysts’ predictions about Precious Metals prices. Be thorough and don’t give too much weight to the predictions of one economist over another. Look at the data collected to determine your own speculation about whether market prices will rise in the future and invest before prices swing upward.
FIND A REPUTABLE DEALER
When making a purchase, it is imperative to work with a reputable dealer who can confirm the authenticity of every product. Developing a relationship with your Precious Metals dealer is essential. Being on a first name basis with a sales agent isn’t necessary, but make a few small purchases and learn what to expect before diving in with a significant investment.
PAY CLOSE ATTENTION TO QUALITY
Individual pieces are manufactured and stamped by both government and private mints, with some coins still authorized as legal tender by their nation of origin. A third-party organization certifies investment-grade coins, adding a layer of assurance to the investor regarding condition and quality.
It is possible to own physical Precious Metals without taking possession. Some dealers and banks offer storage options for your Precious Metals, but be aware that these services cost money. Compare the costs of delivery to the price of storage services, and estimate the total expense for the time you expect to hold onto your investment.
APMEX recommends discussing the pros and cons of investing with a financial advisor or professional.