With inflation skyrocketing, some analysts are back to saying that now may be the optimal time to invest in precious metals.
Because the price of precious metals tends to rise at or above the rate of inflation, many investors view them as a hedge against inflation or other economic uncertainties. Precious metals have many practical uses in technology and equipment, which often helps them keep their value.
Precious metals also can be less risky than stocks because they have intrinsic value, offer a high level of liquidity and help diversify a portfolio.
But just like any other investment, buying precious metals usually requires knowledge and research to determine the best course of action. Investors likely should stay on top of fluctuating precious metal prices so they don’t buy them when they’re priced too high.
Traders often use several ways to invest in precious metals, including commodities futures, mutual funds and exchange-traded funds (ETFs). You can also invest in companies like McEwen Mining Inc. MUX, Great Panther Mining Ltd. GPL or TRX Gold Corp. TRX with a focus on exploring for, mining and marketing precious metals.
But investing in the physical metal is more appealing to some investors who want to diversify their portfolios.
Investing in physical metals comes with risks because they’re not immune to price declines. Direct investments in precious metals also are not covered by the Securities Investor Protection Corp. because they are not registered securities.
But when you buy bullion, you get the actual metal and can choose where to store it and when to sell or trade it.
A Gold Mine Of Information?
Although it may seem complicated, investing in precious metals might not have to be intimidating or confusing, and one e-commerce retailer says it is committed to helping investors make the right decisions for their portfolios.
Oklahoma City-based APMEX offers more than 20,000 products, including gold, silver, platinum and palladium, that it reports can generally be acquired at a lower rate than equivalent products from primary mints and manufacturers.
The company’s best sellers are silver and gold bars, silver and gold coins from different countries and gold foil notes.
Its metals’ prices, based on demand, range from $5.65 for a one-tenth-ounce silver round to $58,869.54 for a 1 kilogram, cast-poured gold bar. The company also offers unique designs from vintage replicas of popular coins to special occasions like birthdays.
For more information, check out apmex.com.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
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