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If you are making the decision to invest in commodities, most specifically precious metals, you might not be sure where to start. There are a lot of possibilities, after all.  You could opt to buy bullion directly or invest in stocks for companies involved in the mining or trade of them.

If you’re curious about precious metals and would like to learn more, keep reading.I will also explain where you can go to start this process and why you should consider it. There are plenty of reasons to start, so let me tell you!

History of Metals

This might not seem pertinent, but I assure you that it is. To better understand why it is worth investing in them now, you should know the history behind them.  After all, that is how you know it is a sound choice.

To start, you can look at this page. It provides a good rundown on some of the history behind these metals.  The ones I am referring to in specific are gold, silver, and platinum.  They are all considered “precious metals” on the period table.

They all have characteristics that land them here.  Silver is a shiny metal that conducts electricity quite well.  It is often used in jewelry making and coins and has been for several centuries now.  While it is the lowest in value between the three, this is not by a large amount.  

It is good for jewelry because of its malleability.  This is its main calling card alongside its conductivity.  Meanwhile, gold is a soft metal that had very little reactivity with other elements.  That is part of why it is so valued, but its yellow and reflective sheen is another perk.

Gold is also quite popular in jewelry making and décor.  During the fifteenth and sixteenth century, many Europeans explored the world in search of more of this metal.  That is because it is rare and beautiful, making it highly sought after.

Platinum is even more rare, given its white and silver sheen.  While it can be used in bracelets and earrings, it is more commonly used in automobile manufacturing as a filter for toxic chemicals.  Talk about fascinating.

Ways to Invest

As I alluded to above, there are plenty of ways that you can get involved with these fields.  Part of the process will be finding a host website or company to exchange your gold at.  You could consider the Lear Capital reviews to help determine where you want to do your business.  I recommend doing your research.

You could consider purchasing bullion (bars) directly.  While these options are available readily for gold and silver, it might be more difficult for platinum.  This is because of the price and rarity of the latter.

Another option is to invest in stock of companies who deal with these precious metals.  This could be mining, selling, or even jewelry making.  Talk to a professional to determine the best choices if you decide to go with this route.

You could also get involved with the futures market.  This is when you purchase a product with the promise that the company will give it to you at a later date.  This can be slightly risky given the nature of it but can also benefit the investor.  That is because if the price of the commodity chosen goes up, you will have paid a lower price for it!

Exchange-traded funds (ETFs) are another option out there if you do not want to get bullion itself.  This is a bundle of securities that you can either buy or sell on a stock market exchange.  They are a bit complicated, so I would again recommend speaking with a professional to discover all your choices.

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Should You Invest?

This is, of course, a bit of a difficult question.  I can’t tell you what to do, only provide some advice.  Overall, though, I would say that choosing to invest in precious metals is worth it.  Especially given our current climate in the world right now.  You can learn more about this here

Getting assets in the energy or agriculture categories are just inherently riskier.  The markets are more volatile in those cases.  Traditional currencies and stocks are also losing value.  The global economy has been struggling with the COVID-19 pandemic, and that is just a fact of life right now.

So, investing in assets that traditionally have always kept their value…well, a lot of people are finding it worth it.  There is a lot more certainty with them than some other forms of assets that might go into our portfolios.

With self-directed IRA funds, you can even add them to your retirement plan.  There are so many ways to start investing, it’s a wonder more people aren’t doing it!  Best of luck if you decide to go with precious metals!

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