How Investing in Gold and Silver Can Safeguard Your Wealth

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Investing in precious metals can be an important part of any portfolio. The physical properties of gold and silver make them less vulnerable to inflation than paper money, making them an effective way to protect wealth against rising prices.

In addition to purchasing physical bullion coins and bars (and storing them safely), you can also get exposure to precious metals through exchange-traded funds, which track the value of the underlying commodity. These funds are often traded just like stocks, giving you access to the asset class without taking on a lot of risk.

Another way to invest in gold and silver is to purchase stock in mining companies that produce these commodities. While this is a more indirect investment than buying physical bullion, it may provide more diversity to your portfolio, as these stocks can be affected by a variety of factors beyond the price of gold and silver. Plus, these investments tend to have lower fees than ETFs.

You can also invest in gold and silver by opening a self-directed individual retirement account. This allows you to hold physical gold, silver and other assets while enjoying the tax benefits of an IRA. However, you should carefully consider the amount of money you will need in retirement and how much of your portfolio allocation can be devoted to these types of investments.

It’s also a good idea to consult with a financial planner or advisor who can help you determine how to best diversify your portfolio with gold and other precious metals. Be sure to find a fee-only financial advisor who does not earn commissions and has no ties to any particular investment company or product.

If you want to diversify your portfolio with precious metals, it’s a good idea to use dollar-cost averaging. This technique involves investing a small amount of money on a regular basis over a period of time to gradually build up your position. This is especially helpful if you’re within a few years of retirement, since you won’t have as many opportunities to generate substantial returns from your investment.

The monetary policies of the world’s central banks are creating dangerous conditions for global financial chaos, and there’s never been a better time to prepare your portfolio with precious metals. This updated edition of the book that predicted the 2008 global stock market crash, the bursting real estate bubble and Ben Bernanke’s unprecedented overreaction with quantitative easing shows how precious metals can help you survive the coming financial storm and transform it into a once-in-a-lifetime opportunity.

If you’re ready to start protecting your portfolio with the proven value of gold and silver, you can learn more about how to get started by consulting Chesapeake precious metal buying and selling professional. Then, contact a gold investment company in Chesapeake to discuss the specifics of your situation and how they can help you implement a strategy that is right for you.