If you have been considering a gold investment there are a few things that you should know about first. For example, should you buy coins or bars? You also may be wondering when is the best time to buy. We’ve prepared some basic information that you should know before making your first investment.
Bars or Coins?
If you haven’t done any type of investing before, there is a lot to learn about this subject. Getting ahead of the game can be extremely frustrating. You're told that you should have a diversified portfolio of investments but you don't really know what that means. Why do you need to diversify and what are you really doing with your money? You are torn between GICs, stocks, bonds, mutual funds and then when you finally do decide to make an investment in one of these areas you find out that there is still so much to learn.
The economy has and always will be a guessing game. While the market is relatively stable right now, things can change in the blink of an eye. While analysts do their best to predict any upcoming swings, it really is all anyone’s guess as to what will happen next. Market corrections are unpredictable as well. That is why so many people decide to invest in the stock market. There is risk, and with this risk come rewards.
At Cache Metals we have been supplying investors with gold for many years and have noticed that a number of questions are being asked on a regular basis. For this reason, we have put together some of the most frequently asked questions about investing in gold so that you can find the answers easily.
1. Why Should I Invest in Gold?
While you may be acquainted with gold and silver investments you may not have heard a lot about platinum. This is an alternative precious metal investment opportunity that is definitely worth exploring. Platinum comes with a rich history and offers diversity to a portfolio.
The first recorded mention of platinum was in 1557 in Columbia. The prices of this metal remained low until the early 20th century when it was discovered that platinum could be used industrially and as an oil production catalyst. Since this time the price of platinum has often surpassed gold.
In today's market, an Olympic gold medal would be worth a lot of money if it was made of real gold. Unfortunately, these gold medals actually consist of 92.5% silver. The silver Olympic medals also contain this amount of silver. In actual fact, an Olympian that receives a gold medal is actually getting a gold-plated silver metal.
Gold has always been a universal currency. In ancient times it was the stable datum that a person could hold onto in regards to wealth and security. Today, gold is still considered to be a hedge against a stock market crash and inflation. If you are considering a gold purchase, here are some things to consider with this type of investment.
It's a new year and there have been a lot of changes that have taken place during 2016. Many analysts expect the price of bullion to rise by approximately 13% this year and this forecast could go even higher. Some of the factors that could influence the price of gold this year include the following:
The US Dollar
If you want to start investing in precious metals, there is a difference between becoming a collector or an investor. While the terms can certainly overlap, there is a distinction between them and this is something that you should consider before getting started with this type of investment opportunity. It’s easy to begin your precious metal purchasing experience, when you shop online, with Cache Metals.
Becoming an Investor
Silver is a precious metal that is also worth adding to your portfolio. In recent years we have seen increasing portfolio diversification towards tangible assets such as precious metals. In fact, many portfolio managers suggest that a well diversified portfolio should contain at least 5-15% of physical precious metals. If you are new to precious metal investment opportunities, silver is one of the most affordable options available and it's easy to get started with your investment.
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Cache Metals, an online gold and silver bullion dealer, services clients across Canada & the USA, including; Toronto, Vancouver, Montreal, New York, California, Georgia, New Jersey, Ohio, Tennessee, Montana, Florida, Boston, Detroit. Buy gold and silver online at wholesale prices.
