Let’s first understand that different investments have advantages and disadvantages, and the choices we make are always personalized to our personal situation, which includes many variables. Some of these variables are: investment objectives; the time needed to achieve your goals; your comfort level at risk; the value of your existing holdings; your unique tax consequences; your potential need for cash; and more. Here I have named a few things that will lead each of us to our own decisions for our unique situations. Please note that I do not provide any investment advice, especially in light of what I just mentioned above (I am not a tax, law or investment professional, and I do not know anything about you or your unique situation). Let’s see how gold and silver fit into this picture.
So why gold and silver you ask me?
The answer is because it has a place for almost everyone in their wallet. Let’s review the reasons.
Gold and silver are universal. That is, they hold their value all over the world, no matter what local currencies do or what local economies go through. Gold and silver are the world’s currency and, in fact, have been the basis of money on our planet for thousands of years.
Among the many goals that people have, some invest to create wealth and others to maintain or protect wealth. I think it’s fair to say that most people invest either to build a financial future or to protect their financial future. Because gold and silver are precious metals, they have the innate ability to hold value, which is great for protecting wealth. This makes it ideal for pocketing a percentage of your investment dollars and for protecting those dollars by owning physical bullion. By doing this, you are also building your wealth.
It is true that there are risky investments that can bring you a higher return, but it is also important to note that they are also more likely to bring you large losses. High risk investments have their place (for some people), but if you venture into them, make sure you know what you are doing and make sure you are diversified to mitigate that risk. Again, gold and silver are a perfect place for a low risk investment simply based on the fact that they will always hold value by nature.
Another important point is its link with the economy and changing economic conditions. Various economies rise and fall around the world. These changes cause a strong oscillation of all kinds of investments. These changes cause inflation, and even deflation of currencies around the world. Gold and silver values also vary, but keep this interesting point in mind: you can buy roughly the same amount of milk today with an ounce of gold as thirty years ago. years. How’s that for stability! Don’t be fooled by small fluctuations in value … it’s important to realize that gold and (especially) silver play an important role in commercial use, and that these demands have a day-to-day effect. day.
So why are gold and silver a smart investment now?
In short, the answer is uncertainty. There is a lot of commotion in the world. We have threats of terrorism abroad and at home. Global trade and power are changing with the growth of China and other growing countries. We have a growing threat from North Korea. We have an American president who some citizens think is exactly what we need, but other citizens are horrified at the very prospect of his presidency. No matter what is going on here, uncertainty is a good reason to have the stability of silver and gold in your portfolio right now.
Another reason to invest now is the looming prospect some people feel for our currency to implode. People who prepare for a disaster collect gold and silver because they can use it as currency to exchange things that they would need in such a scenario.
Whatever your reason, precious metals can be a great addition to your portfolio or a great way to jumpstart your portfolio. Just make sure you learn how to buy the right way and do it with confidence!