In an uncertain economy, many people choose to invest in precious metals like silver bullion, gold bars, palladium, platinum and other bullion. Gold bars and silver bullion were the first form of money and if something can last for 4,000 years, chances are it will continue to be part of our world. Since there is no way to protect traditional savings from confiscation due to inflation, gold bars and bullion silver are the safest form of financial security.
As the global economy has remained unsettled, prices for gold bars and bullion silver have risen dramatically in the past five years, with increases of 203% and 289% respectively. Gold bars and silver bullion will probably continue to rise in value over the long term and can give you what money cannot ? financial security.
Gold and silver can be purchased as numismatic or plain bullion. Numismatic coins are for experienced coin collectors, so unless you possess this knowledge, you are best off investing in silver bullion or gold bars. There are two types of bullion products ? coins and bars.
Coins have a universally recognised unit of weight and are the easiest to cash in and trade. Purchasing bullion silver or gold bars requires a larger investment though you pay a smaller commission per ounce.? Any purchase of bullion silver or gold bars should meet precious metal refining standards set by the London Bullion Market Association, or LMBA.
If you have gold or silver jewelry, you may wonder if it has the same value as bullion silver or gold. Because jewelry has no uniformity, it has to be melted down. Typically, people get 50% or less of the actual weight of silver or gold. Therefore, investing in bullion silver or gold bars is a healthier investment than jewelry.
You should always take physical delivery of the silver bullion or gold bars that you purchase. Never let third parties hold your precious metals. The best place to store your silver bullion or gold bars is in a bank safety deposit box. You can also buy a safe, but consider where to install it in a secure place.
While the economy has its ups and downs, a certain way to invest in the future is with precious metals. Silver bullion and gold bars have retained their value for centuries and only continue to rise in unstable markets.
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