With several dangers to the stock market looming, gold is once again becoming an attractive investment. In this post, we…
Gold has gone down for three years consecutively now. There’s a sliver of hope however. Precious metals have gone slightly up Friday (June 28) despite the fact that its performance during the month of June was really disappointing. In a report by CoinNews.net; quoting a telephone interview between Bloomberg News and Matt Zeman, strategist at Kingsview Financial in Chicago, Zeman said, “There is definitely some increase in the pace of physical purchases. We are also seeing some short covering after prices started rising.”
As the first half of 2013 closed, investors have been abandoning ship and are dashing for the exits as fast as their trading platforms can carry them. “Some of the recent selling likely was related to fears that the Federal Reserve would begin decelerating the amount of money it was creating to buy bonds. The Fed currently spends $85 billion a month on the quantitative easing program, which has been accompanied by fears of inflation that have yet to materialize.” Yahoo Finance reported.
Sites like Bullionvault.com, Forbes.com, and Reuters.com have been on the dot with gold market behaviors. With gold being considered primarily as a hedge fund, there’s still ongoing debates being gathered by these gold resource sites.
Investing in precious metals such as gold or silver is a great way to secure your savings. These precious metals have prices fluctuate like any investment, but they provide a good value to investors looking to invest in gold and silver along with other metals. Here are some useful tips on how to invest in gold and silver.
Investing in precious metals will allow you to secure the value of your savings. Silver and gold tend to not lose their value over the years like other types of investments with price swings that are inline with other investments. Their prices often run inverse to the prices of other investments. If you are worried about your savings suffering from inflation, silver and gold are a great option for you.
What To Look For In Physical Metals
Try investing in pure silver or gold. Bullions or bars are usually pure. Gold with a value of 22K and .999 silver are considered as pure. If you invest in jewelry or coins, you are most likely not getting pure precious metals. Pure silver or pure gold is more valuable and a lot easier to sell. So, you would be better off when you invest in gold and silver by investing in coins or bullion and not jewelry. If you are not sure about the purity of a piece when you are looking to invest in gold and silver, have a professional inspect it for you.
You Can Buy Gold And Silver Online
There are many ways that you can buy and invest in gold and silver online. There are companies like JM Bullion that provide companies with the actual physical gold and silver bullion that they can purchase online. You can read about their services, their low prices, and a review of what they offer at JM Bullion review. Online sellers like JM Bullion purchase their inventory from reputable mints and precious metal distributors which are located in the United States. A majority of the gold and silver products that investors can purchase from retailers like JM Bullion are in new condition and received directly from the mints.
Invest In Gold And Silver Certificates
You can also invest in gold and silver without actually physically owning these precious metals. Some financial institutions give you the possibility to invest in precious metals without you having to store them. Look for an institution that offers gold or silver certificates or exchange traded products. Keep in mind that you are taking a risk by storing your precious metals at home, even if you have a safe.