“Precious metals have a history, a history that has lasted for hundreds of years. It is not a fashion product”
It’s getting more and more difficult to save, but there are easy and useful ways to get a return on our money goldco review. And it is that the economic uncertainty that still persists as a result of the Covid-19 and the agreements on climate change, can lead to a boost in safe havens (such as investing in precious metals). Thus, 2022 is a good year to learn (more) about this sector.
Starting to invest in January is good, as it is a perceived seasonal trend in precious metals that prices start to rise at the start of the new year. In January 1970, when investors feared inflation, the price of gold rose to $850 an ounce. If history repeats itself, we have to find out!
Thus, when choosing the product or the precious metal, the most important thing is to ask yourself: what are you investing for? Retirement? for a quick profit? security? Once this decision has been made, an asset class can be found that suits those needs. In this way, it is good to calculate the prices of the coins and bars that interest each one and calculate the price per gram of pure gold or silver. Our website, for example, helps with the calculation and also shows the cheapest price per ounce, which is the unit of gold in which it is traded, worldwide.
Keep in mind that bars are mostly cheaper, though coins may be worth more at a later stage, simply because their images have changed and they can become collectible.
You should also consider whether you want easy access to investments. Let’s say if you have a 100g gold bar worth €4,000 and you need €1,500 in cash, you have to sell the entire bar to get it. Small coins or bars are an easier option if you need quick access to money through investments.
Our clients tend to buy a mixture of gold and silver, mainly 70% gold, 30% silver. Silver has been a great investment for a year now. The price almost doubled and many analysts say there is still plenty of room. Also, the unit price of an ounce is much lower than that of gold, which means that if your gold investment needs to be rolled into the next 100 or 1,000, add a little silver.
Benefits of investing in precious metals
First of all, precious metals can offer protection during global crises. When investors lose faith in paper money and other assets, precious metals tend to retain or increase in value.
Physical metals are tangible assets; you can have them in your hand. They are also portable, you can take them anywhere in the world with ease. Investments in precious metals are confidential. There are not many investment opportunities that offer such high levels of privacy.
Precious metals have a high level of global liquidity. This means that any physical metal should be easily sold at a fair and widely recognized price on the open market. This is particularly useful if you find yourself in a bind and need quick access to cash.
The demand for precious metals is increasing; they are used for a number of different products, including the automotive and medical industries. As demand increases, supply decreases, increasing the value more and more. This suggests good things for the future!
In some countries, physical metal holdings are tax-exempt, while ETFs are not. This makes an investment in physical metal a little more attractive!
Furthermore, the Spanish precious metals market is growing and the current trend shows that hard assets like gold are making a comeback. With inflation picking up across Europe, as well as in the US, the trend is in tangible assets.
And it is a safe value. This may sound repetitive, but precious metals have a history, a history that has lasted for hundreds of years. It is not a fashion product, it is not an exaggeration. And for those reasons, the value of precious metals is safer than other assets.