Humans have long desired precious metals due to their beauty and inherent value.
Even in the modern era, gold and silver are still treasured as a stable investment that most desire to add to their portfolio.
Purchasing gold and silver bullion comes in many flavors. Some choose to purchase government-minted coins due to their collectability and beauty. Others opt for simpler, but still valuable, bars and rounds. Some rounds are collectible due to fancy and interesting designs that mints develop.
Many silver dealers also offer bags of pre-1965 junk silver for sale. These coins are very liquid as they are recognized by many and can be sold as individual pieces for fair prices.
Investors looking to Buy Gold Online have several options to do so. A plethora of websites selling both gold and silver bullion at competitive prices exist, all with security safeguards to ensure transactions are processed safely, and purchases are securely mailed to customers.
Important Considerations When Searching For A Reputable Bullion Dealer
Investing in gold and silver is a smart financial move and can be an enjoyable hobby. However, scams abound due to the inherent value of these precious metals. In September 2020, a dealer who sold overpriced gold and silver to seniors was sued by the U.S. government and 30 states.
The lawsuit alleges the company coerced seniors to convert retirement accounts into coins that were actually worth less than advertised.
It is vital for buyers to do their homework before making bullion purchases. Only buy online from entities with legitimate positive reviews and who have a long track record of successful sales.
Those purchasing in-person will never go wrong buying bullion in the form of Gold or Silver Eagles, both minted by the U.S. government and recognized across the world.
Looking To Hedge? Buy Gold
Many wonder if there are strategic advantages to buying gold vs. silver, or vice versa (aside from the large price differences).
Gold currently stands as a stronger general investment hedge during recessions as silver’s demand is largely due to industrial use. This means silver prices will fall and rise in line with general economic trends in a manner more consistent than gold.
Gold often almost always surges up when the economy begins to run into trouble. The industrial uses for gold are far less than silver, keeping the precious metal more insulated from price turbulence during a financial slowdown.
Interested In Price Speculation? Choose Silver
Gold prices often grab the headlines, especially when they move, but the yellow metal remains pretty stable over the long run. In contrast, the small size of the silver market opens up the metal to potential wild price swings that can pay large dividends to dedicated investors.
The supply of silver is less responsive to demand changes since the majority of silver is a byproduct of mining.
Silver prices have been high for much of 2020, driven by a variety of factors including low interest rates, according to Adrian Day, chairman and CEO of Adrian Day Asset Management. Day argues a perfect environment for strong silver prices would be low interest rates, a dollar in decline, strong economic growth, and increased inflation.
Investors eager to understand baseline silver prices should turn to the London Silver Fix. Most precious metal dealers rely on the Fix to set bid prices and advertise what price points they are selling bullion at.
Utilizing the Fix price also helps customers understand a dealer’s premium for certain types of bullion.
Investing In Gold And Silver
Investors are wise to dedicate a portion of their portfolios to gold and silver. Both precious metals can help hedge against inflation and offer an easy and liquid way to quickly add cash to bank accounts after a sell-off.
Purchasing gold and silver coins, bars, and rounds is an enjoyable activity that provides opportunities for investors of any budget to start building a stash of precious metals.