What Are Secondary Market Metals?
Secondary market metals are defined as buying or selling Precious Metals from or to a party other than the original source. However, this does not mean the quality of the metal is any less than when it comes from the original source. Investments in secondary market metals can be as valuable as primary market metals, the only difference being where it came from. Even though making purchases from the primary market is popular, there is a time and place for purchasing Precious Metal products from secondary markets.
INVEST IN SECONDARY MARKET GOLD & SILVER
With the price of Gold, Silver and other Precious Metals remaining stable in a time of economic uncertainty, it is important to consider secondary market metals. Investing in secondary market metals can still provide flexibility and diversity to your investment portfolio.
SECONDARY MARKET METALS VALUE
The value in a secondary market metal holds strong because it still maintains a high level of intrinsic value and buying power. Precious Metals are in high demand, being one of the most versatile industries in the world, and their popularity has grown over the years because of their staying power. Secondary market metals are still tied into the value of Precious Metals as a whole and the corresponding global demand. This makes the value of secondary Precious Metals high. Many people assume that secondary market metals are low in quality, making them not worth owning. Because the value of secondary market metals are directly tied into the Precious Metals industry, investors will have more selections to choose from to enhance their portfolios.
REASONS PEOPLE BUY FROM SECONDARY MARKETS
There are several reasons investors buy secondary market metals:
- You can often acquire harder to find Gold bullion.
- Price is sometimes lower because of wear or signs of being scruffy.
- It is a good way to get started into Precious Metals investing because the premiums are often lower.
While these are just a few of the reasons people buy secondary market metals, investors have a large variety to choose from that are high in quality and offer great value.
APMEX recommends discussing the pros and cons of investing with a financial advisor or professional.