Investing in gold and silver;
If you’re considering buying gold and silver for the first time you may be wondering about the best ways to invest and whether or not now is the right time to buy.
Whilst many investors are proclaiming that gold is in a bubble, (after all, it has been rising steadily over the past decade, surely it must be due to pop) others claim that investing a minimum of 10% of your portfolio into precious metals is a sensible safety precaution to take in the current economic climate of endless money printing.
What are the common thoughts that most precious metals investors share;
The fact that rising prices due to inflation will erode the value of their hard-earned savings.
That gold and silver is real money unlike its fiat (paper) counterpart.
That gold is a store of wealth; its price has risen steadily at the same pace as inflation.
That the current financial system based around debt and money printing may be close to breaking point, and should it collapse will result in eventual devaluation of paper currencies and a severe reduction in consumer purchasing power.
That if precious metals look expensive now, they will almost certainly become out of reach to the average investor should there be a financial collapse and large funds looking for a safe haven move their assets into gold and silver causing a huge price spike.
If you are considering moving some of your assets into precious metals or simply want to start saving in gold and silver, two popular options include:
Buying gold and silver coins or bullion bars for home storage;
Physical gold and silver bullion either in the form of widely recognized gold and silver coins such as the Canadian Maple Leaf, American Eagle or Austrian Philharmonic, or recognized bullion bars such as Johnson Matthey or Credit Suisse are popular choices. Continue reading Are Gold And Silver Wise Investments For 2012