It’s never too early (or too late) to set yourself up for future financial success. In addition to traditional investments like stocks and real estate, consider investing in precious metals if you want to increase your personal wealth. Starting out as a new investor in any field is challenging, which is why it helps to have a resource on your side like the precious metal experts at California Numismatic Investments. To help you get started, our experts have identified some of the top things you need to know as a new precious metals investor.
Types of Precious Metals
There are a lot of different options when it comes to precious metals, and the route you take will depend on various factors such as your budget, investment philosophy, and expected returns. Gold is obviously the most popular and well-known investment metal, but the white metals (platinum, palladium, and silver) are also worth looking into.
When to Buy and Sell
Unlike with stocks and real estate, there’s not necessarily a hard and fast rule when it comes to timing the purchase or sell of precious metals. You should obviously buy and sell when you have a need, but it also depends on the types of returns you are expecting and whether you are investing in the short or long term.
Ways to Invest
One of the most attractive things about investing in precious metals is the number of different ways you can invest. Exchange Traded Funds (ETFs) are popular, but buying physical bullion bars and coins offers an additional layer of protection considering how easy it is to sell gold and silver coins on the market.
Get in touch with California Numismatic Investments today to start building your precious metals portfolio. We are one of America’s largest precious metals dealers, and our experts are well-respected in the industry. Visit our website to browse our selection of silver, platinum, palladium, rhodium, and gold bullion bars and coins, or call us toll-free at (800) 225-7531 for answers to your questions about investing in precious metals.