Compare Precious Metals
With more economies and markets becoming more volatile and fragile many people are adding precious metals to their investment portfolio.
Why should you buy Precious Metals?
Many people choose to invest a percentage of their portfolio in precious metals because it is seen as a very safe investment. It is a way of protecting your wealth from risk while benefiting from capital growth that has been accompanies the consistent upward trend in the price of certain precious metals in recent years.
What Precious Metals can you buy?
Gold is probably the first precious metals people think of. Gold is particularly in the news at the moment because it has a wealth documented history, being an ancient store of wealth but also a method of wealth transfer. The value of gold cannot be devalued in the way paper money can which is particularly useful considering the current economic climate. While gold is considered to be the safest of all precious metals but there are other metals that you can invest in.
The other major investment metals are silver, platinum and palladium and the prices of these metals have risen over the years which have made them more and more popular. However, it is worth bearing in mind that because these metals have more industrial use the market for them can fluctuate.
How to purchase Precious Metals?
You will be given a variety of options for purchasing precious metals. You can decide whether you want the gold delivered securely to you or have it kept for you in high security storage units. You should think about this decision carefully because although you might to physically have your gold or other metal with you it might be safer to secure the gold in storage particularly as this will be fully insured. If you do decide to keep your gold at home you must ensure you can do so very securely.
From bullion, bars and coins you can buy your gold and other metals in a variety of ways. You could also decide to invest in a gold mine, buy bullion as part of your ISA or SIPP and you can buy gold through your company.
Where to buy your Precious Metals?
There are many online companies that offer the chance to purchase gold, silver and other precious metals.
It is important that you take the time to find the right company for you. You can compare different companies in the table above. Apart from the prices of the metals you need to look at the other features and options that they offer. For example do they offer you the chance to sell back your metals if you wish?
Before making your decision you must be sure that this is the right investment for you. Always read the terms and conditions thoroughly before buying anything and make sure you will get some sort of certification with your purchase so you can sure the metal is good quality.
08 September 2011
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29 July 2010
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It is no secret that the price of gold has risen to record levels time and again this year. Despite possibly having its worst month of 2010 this month, interest in the metal continues to grow.
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Once the reserve of agricultural and food producers and dealers, commodities are now used widely by regular investors who can buy and sell commodity contracts.