Friday, 6 January 2012

Is Investment In Gold And Other Precious Metals Really Worth It?

By Jack Wogan


From ancient times, precious metals have been highly prized for their exceptional qualities. They are beautiful and durable. Most importantly they can guarantee financial security for the people who invest in them. Some of the most common precious metals are gold, silver and platinum.

There is more than one way to invest in precious metals. The general tendency is to acquire them in physical form. Thus, people add to their financial portfolio coins, unique jewellery and bars. However, precious metals investment can be done through the acquisition of certificates, mining stocks and mutual funds.

Gold investment

A great number of investors make gold their primary choice when it comes to precious metal investment. They choose to invest in gold for various reasons. First of all, this yellow metal can be found easily at either dealers or banks. It can be purchased in an array of forms and it can be sold without major headaches at very profitable prices. Gold coins and small gold bars are some of the most popular forms to invest in gold. Gold bars consist of pure gold. Gold coins are minted by governments and their price vary according to their condition. People who have problems with the storage of physical gold can purchase this metal in the form of mutual funds, certificates as well as gold ETFs. You can still invest in gold but you do not have to worry about its safety.

Silver investment

However, gold is not the only precious metal that can offer substantial financial benefits. Silver purchase can also be a quality investment. As long as you have silver metal products in your portfolio, you can face any type of economy turmoil. Silver is highly liquid, which means that it can be traded easy. It can be found in many forms such as bullion coins, bars, jewellery, certificates and even junk silver. Nonetheless, there is one issue when it comes to owning silver. You will have to pay either a capital gain or a value added tax for it.

Platinum investment

Not many people invest in this greyish-white metal but those who do it are very happy with the results. Platinum is provided in a very limited supply and this is what makes it expensive. It can be purchased in either physical or non-physical form. If you want to invest in physical platinum, you can buy collectible coins. The latter have a high price but they will enable you to gain significant profits. Before closing the deal, make sure you verify them closely. If they present scratches, their value decreases and consequently the price goes down as well. Investing in precious metals will be the wisest decision you can make, given the current crisis that sends ripples around the world. So, stop thinking and start acting. Buy precious metals today and stay away from the dark days of recession!




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