The importance of owning physical gold and silver for portfolio diversification....
SOURCE
Have you ever wondered what it would be like to own physical gold and silver? Far from the high-stakes image often portrayed in crime films, these precious metals represent one of the most time-honored safe havens for the financially savvy. Let's explore why diversifying your investment portfolio with physical gold and silver can be a prudent choice.
In recent years, the stability of wealth held by banks, large financial institutions, and governments has come under scrutiny. This uncertainty has led to a surge in demand for precious metals, as investors seek more secure ways to safeguard their wealth.
A growing number of people are rediscovering the wisdom of their grandparents, who commonly owned gold and silver coins as a normal part of their financial planning. Consider this: in 1970, an ounce of gold cost £14.60. Fast forward to 2023, and that same ounce of gold is valued at approximately £1,850. This dramatic increase underscores gold's enduring appeal and reliability as a store of value. Similarly, silver, often used alongside gold, serves as a hedge and provides additional advantages within an investment portfolio.
SOURCE
When it comes to buying precious metals, the form in which you purchase them is crucial. Many people mistakenly consider items like jewelry or their homes as investments. However, an ounce of pure gold in jewelry form can cost upwards of £3,500, while a pure gold coin or bar, exempt from VAT, would be closer to £1,818 (as of 08/07/2024). This significant difference highlights the importance of choosing the right form of gold.
Bullion coins and bars offer several benefits over other forms of gold. First, they provide a clear and precise measure of the amount of gold you own, as they are typically 99.99% pure gold. This high level of purity ensures that you are investing in the metal itself, without the added costs of craftsmanship or artistic value associated with jewelry.
Moreover, gold and silver bullion are recognized and valued worldwide, making them easy to trade or sell when needed. While you do pay production costs when buying bullion, these costs are generally lower compared to the premium on jewelry, and you are more likely to recoup the value of the metal itself when selling.
Gold and silver have been traditional stores of wealth for centuries. Including these metals in your investment portfolio can provide stability and a hedge against economic uncertainty. While other investments may fluctuate with market conditions, precious metals often retain their value and can even appreciate over time.
Investing in both gold and silver allows you to balance your portfolio. Gold, with its steady and reliable growth, provides a solid foundation, while silver, known for its price volatility, offers the potential for significant gains. By holding both metals, you can benefit from the unique advantages each one offers.
In today's uncertain economic climate, diversifying your investment portfolio with physical gold and silver is a wise strategy. These precious metals offer security, stability, and the potential for growth, making them invaluable assets for any prudent investor. Whether you choose to invest in bullion coins, bars, or both, you can rest assured that you are making a sound decision that aligns with a long history of wealth preservation.
Take the first step towards securing your financial future by exploring the world of physical gold and silver. Decide how much of these precious metals you would like to hold and enjoy the peace of mind that comes with owning one of the safest investments known to man.
If you dont own any precious metals, then why not tell us? As a community we encourage ALL engagements and encourage everyone to take the plunge and own at lease a sinlge ounce of silver or a fraction of gold. If your struggleing to find a safe and secure place to buy, reach out to the community as there is always someone willing to offer their time and advice to help you out.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
Come join the community over on the discord channel- HERE
Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
This post was upvoted by the @ssg-community account