Investment Strategies to Consider as a Beginner
STRATEGIES FOR INVESTING IN PRECIOUS METALS
While certain best practices apply specifically to acquisitions of Precious Metals, many of the basic principles of smart investing also apply. For anyone looking to enjoy the benefits of adding safe-haven investments to their portfolio, here are several Precious Metal investment strategies to consider.
DIVERSIFY YOUR ASSETS
Financial advisors generally agree that Precious Metals are an essential way to hedge your investments during times of economic turmoil. Currency printed by governments has value because the issuing nation says so. If a country seems to be thriving economically, people put a higher degree of faith in their currency. Precious Metals operate differently, with values determined by production levels, supply availability and industrial demand. At times when it seems the world’s largest economies are on the brink of a downturn, investors can expect the value of Precious Metals to go up, making these assets a crucial safe haven.
BUY PHYSICAL COINS AND BARS
Gold and Silver bars and coins are produced by many countries around the world, with guarantees of face value to protect your investment even if the price of Precious Metals should someday plummet. As a novice investor, owning some amount of all Precious Metals, even Platinum and Palladium, helps you learn the unique movements of each within the marketplace.
STORING PRECIOUS METALS
For new investors, a small acquisition can be easily stored in a safe or bank safety deposit box. As your holdings grow, you will need to consider more secure storage options. Professional facilities explicitly designed for Precious Metals storage will protect the quality of your bullion while also protecting it from theft. The best options include 24-hour on-site security, climate-controlled environments and options for delivery if you ever want your investments sent to you.
THE BEST TIME TO BUY PRECIOUS METALS
As with any stock or commodity, the markets shift back and forth between positions of optimism and pessimism. Therefore, investors must pay attention to the short, medium and long-term perspectives on Precious Metals and leverage the information when making purchases.
THE BEST TIME TO SELL PRECIOUS METALS
When the demand for Precious Metals surges, financial advisors suggest this is the opportune time to sell.
OPENING A PRECIOUS METALS IRA
For novice investors who are primarily interested in saving for retirement, a Precious Metals IRA is a solid option. You are able to enjoy all of the benefits of physical investments in Gold, Silver, Platinum and Palladium with the added protection of a regulated retirement account. You can easily add Precious Metals to your portfolio using an existing IRA or employer 401(k) account, with no need for cash on hand.
APMEX recommends discussing the pros and cons of investing with a financial advisor or professional.