Invest in precious metals

Cryptocurrency, stocks, and mutual funds are great, but have you ever thought about investing in precious metals? Rhodium, the most expensive metal, fetches a staggering $260.42 per gram. Unless we find a lot of rhodium, lots of it, its price will continue to show an upward trajectory.

The economy is in shambles and if you’re looking for a propitious way to invest your hard-earned cash, you should try investing in precious metals. When you invest in precious metals, there’s a huge chance you’ll make a killing. If you play your cards right, you’ll be swimming in money in no time.

Don’t believe us? Well, keep reading and hopefully, we’ll change your mind. That’s because today, we’ll be highlighting a few incredible reasons to invest in precious metals.

1. Plenty of Investment Options

When most people hear the words “precious metal investing,” gold and silver are the first things that come to mind. While gold and silver are the most popular precious metals to invest in, there are tons of other options you can consider.

Some of these options include:

  • Platinum
  • Palladium
  • Copper 
  • Indium

There are other precious metals to invest in, but gold and silver are the most versatile options. Your first step to investing in precious metals is finding the best one to invest in. You can even choose to invest in two or more precious metals to diversify your investment portfolio.

2. It’s an Excellent Wealth Store

Most investors make a killing in stocks, but when the stock market crashes, they’re left with nothing to their name. Precious metals, on the other hand, are tangible commodities. This means even if their prices plummet, you’ll still have your gold or silver at hand.

This means gold, silver, and other precious metals are excellent wealth stores. What’s more, all precious metals help cushion investors against inflation and other economic uncertainties. This leads to our next point.

3. Hedges Against Inflation

You’ve probably heard that the dollar is weakening or something along those lines. This is known as inflation and is out of our control. It occurs when the price of raw materials increases, which leads to an increase in the price of finished goods.

Gold and other precious metals are immune to inflation, making them an excellent inflation hedge. As the dollar and other currencies rise, the value of precious metals also increases. 

When inflation hits the country, most people will rush to buy gold, causing a spike in gold prices. If you have gold and decide to sell it, you’ll make a serious killing.

4. They’re Universal

Mankind has used gold as a trade commodity since 1500 BC, making it a universal trade commodity. Different countries use different currencies, and some regions don’t accept currencies from specific countries. However, they’re less likely to turn you away if you offer solid gold as a trade commodity.

By investing in precious metals, you’re turning your currency into a universally accepted trading commodity. Precious metals will hold their value everywhere for years to come. Plus, they don’t follow unpredictable exchange rates regulated by god-knows-who.

5. They’re Timeless

As mentioned above, gold and other precious metals have been a trading commodity and a store of wealth since the dawn of mankind. Gold was valuable yesterday, is valuable today, and will be valuable tomorrow. It’s hard to say the same about other investments.

Cryptocurrencies have been all the rage for the past decade or so. However, one day a cryptocurrency is worth millions, the next day it’s worthless. Some of these newer cryptocurrencies are here today and gone tomorrow.

We’re not discouraging you from investing in crypto, but you have to admit, it’s not the most stable of investments. The same goes for stocks and many other types of investments. With precious metals, you’re investing in something that isn’t going anywhere anytime soon.

6. They Have Excellent Liquidity

Investing in anything is easy, but getting a good return on the investment is the hard part. If things aren’t looking up for your investment, you can decide to sell it to a willing buyer and cut your losses.

However, doing so is easier said than done for most investments because of poor liquidity. Liquidity defines how easily you can convert a commodity to cash or trade it with another commodity. If an investment has high liquidity, it means you can easily convert it into cash by selling it and it won’t affect its cash value.

Let’s say you invest in a house, but because of high crime rates, you want to bail out on the investment. You try to sell the home, but you’re having trouble selling the house. It’s safe to say that the house has low liquidity because it’s hard to convert it into ready cash.

However, you can convert gold and other precious metals into cash in an instant. This makes them one of the most liquid investments you can invest in. That’s another reason why it’s such an excellent store of wealth.

7. They’re Excellent Way to Diversify Your Portfolio

You don’t have to go all-in with precious metal investing. If you’ve already invested in stocks and crypto, you can buy precious metals to diversify your income portfolio. 

Have you ever heard of the phrase, “don’t put all your eggs in one basket?” Well, it certainly holds true in terms of investments. If you’ve already made some considerable investments elsewhere, investing in precious metals is an excellent way to diversify your investment portfolio.

That way, you can have multiple streams of income, with precious metals being one of them. Because precious metals aren’t tied to stocks, they won’t flop when your stock market investment crashes. It’s an excellent way to rake in some extra cash and a contingency for your other investments.

8. The Ever-Increasing Chinese Gold Demand

China’s ravenous appetite for gold means great news for gold investors worldwide. China comes second to India in terms of national gold consumption. However, the way things are shaping up, it seems China will soon edge out India for the top spot.

China needs a lot of gold for its jewelry and electronics manufacturing industries. This increase in demand means gold prices will skyrocket. That’s why investors are rushing to get their hands on as much gold as possible.

9. Precious Metals Have Better Anonymity and Privacy

Investing in stocks, bonds, and the like means you’re always on the radar of local authorities and big corporations. Oversight authorities monitor every single transaction you make, even minor exchanges. This lack of anonymity doesn’t sit well with some people.

Investing in precious metals gives you some much-needed anonymity. You can own your precious metals without any public record of your ownership. All transactions you make are between you and the buyer or seller.

This keeps you safe from the prying eyes of thieves and governments. Plus, because of its high liquidity, you can convert gold to cash at your convenience.

10. Easy to Get Into

If you’ve ever dabbled in the stock market, you understand how difficult it is to get into and understand. Learning how to invest in the stock market is long and arduous. It will take a while to get the hang of things and actually make money.

Investing in precious metals is as easy as buying the precious metal in question. You only need a little education to set you off on the right foot. There are no brokers or other intermediaries to deal with.

The best part is that you don’t have to fill out loads of paperwork for no good reason. If you invest in bullion, getting into the precious metal investing game is as easy as buying a book on Amazon. Alternatively, you can check out organizations like this company that can convert IRAs and 401ks into gold.

11. Gold Has a Plethora of Uses

Contrary to popular thought, gold isn’t only for jewelry and artifacts. Gold has numerous other applications and is found in the majority, if not all, of electronic devices. Dentists also use gold for tooth fillings and replacements.

It seems that gold use keeps increasing as the days go by. This is great news for investors since it means more demand for gold. The greater the demand, the higher gold will sell for.

The same goes for other precious metals like silver and platinum. As more and more uses come up, so too do their prices. Any quantity of precious metal that you buy right now will be worth a lot more in the near future.

12. They’re More Secure Than Other Investments

Another reason why precious metals are such a good investment is because of their security. With ever-rising cases of credit card fraud and cybercrime, your money isn’t as safe as it used to be. With precious metals, all you have to do is keep them safe under lock-and-key and you’re good to go.

Invest in Precious Metals Today

There’s no reason why you shouldn’t invest in precious metals today. Whether you buy gold, silver, or platinum, you’re on the right track. Create the future you want.

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