Diversifying in precious metals may seem straight forward: buy low, hold, and sell high. However, each precious metal is different and has driving forces that push the perceived value up or down. It is not enough to just buy precious metals; you must buy the right metal at the right price. You must also have an exit strategy for taking profits, as well as consider other factors such as storage, shipping, precious metal historical charts, confiscation laws, reportability laws, and which red flags to watch out for.
Rare Coin Wholesalers will give you access to experts who can walk you through the information and process of purchasing bullion. They will supply you with multiple resources to help you select what is the best option for your portfolio.
GOLD
Gold is being pushed by fear, a bad economy, inflation, and TV marketing. These factors have pushed the perceived value of gold very high compared to silver or platinum. Gold is at an all time high. Can it go higher? Probably, but at some point it will turn, and when it does, gold will drop rapidly. There is also the possibility of confiscation. There are still laws on the books that can affect your gold. Read the Gold Confiscation Report for the full story on what laws affect gold.
The price of gold is volitile short term, but it has maintained value long term. There are many ways to diversify in gold such as coins, bars, foreign numismatic coins, or adding gold to an IRA.
SILVER
Historically, during economic uncertainty, silver has proven to be a safe haven for investors. Unlike gold, which has been confiscated three times, silver has not been confiscated by the goverment. Silver has two driving forces: investor demand and industrial use. Due to the amount of silver used in manufacturing and production, the goverment is less likely to confiscate silver in times of economic crisis.
There are many ways to diversify in silver such as bullion coins, bars, bags of silver, monster box, and foreign coins.
PLATINUM
Platinum is one of the rarest elements in the Earth's crust. Unlike gold, platinum is an undervalued metal. Over half of the platinum that is mined goes into catalytic converters for automobiles and industrialized catalytic converters for the oil industry. Only a few hundred tonnes are produced annually, making platinum a scarce, highly valuable commodity. Reports show that in periods of economic growth, the demand for platinum goes up drastically. When the economy was booming, platinum was going for $2,500 an ounce. For those looking to diversify into platinum, we suggest buying platinum American Eagles.
PALLADIUM
Palladium is a derivative of platinum and is used in industrial and consumer applications. This precious metal is used in catalytic converters, dentistry, ground water treatment and medicines. Due to its application to new techonolgy, there is an increasing demand for Palladium, and it is often purchased as bullion coins and bars for investment portfolios.