How to Invest Your Money: For Gold, Silver and Precious Metals
If you’ve ever wanted to know how to invest in gold, silver and precious metals, you’re not alone. The modern global economy is constantly in flux and many people have become more interested in investing in precious metals, due to their safe haven status in times of crisis.
Watch this video, on the Currencies of Gold, and why you should invest.
Though the financial crisis of 2008 is now behind us, many investors still do not feel safe to sleep at night without a precious metal stash to depend on, should worst-come-to-worst.
He who has the GOLD, Makes the Rules
Gold is the most popular precious metal, followed in a distant second place by silver, with platinum and palladium bringing up the rear of the pack. There are quite a few other investment grade metals including bullion, bullion coin, copper, steel, iron ore and aluminum, though we will avoid these in this particular report and largely focus on gold and, to a lesser extent, silver.
Gold hit an all-time high price of $1,923 back in 2011 and has settled in the $1,300 per ounce neighborhood more recently. Platinum reached its all-time high back in 2008, and is now worth about $1,500 for an ounce. Palladium is currently at about $600 per ounce, and silver at less than $20. Although the supply of these metals fluctuates regularly because of mining activity and large holders’ sales, the demand for metals will always exist.
In this guide to investing in gold, silver and precious metals here are the subjects we will touch on:
- The basics of why investors should consider this market
- How to determine the price of precious metals
- What you need to start investing
- Precious metal types and products
- How to buy the physical product
- What you need to know before you invest
- Ownership tips