Overcoming Financial Obstacles To Investing In Gold And Silver

Overcoming Financial Obstacles To Investing In Gold And Silver

July 9, 2020   Investing Precious Metals

So far, we’ve unpacked the top two most frequently cited objections highlighted by recent research: 1) the investor is taking time to consider an investment proposal currently in hand, and 2) the investor is still in the initial research phase of his or her precious metals exploration.

The third most common reason given has to do with the price of gold. Specifically, investors cite objections such as not having "enough" money for gold and wanting to “time the market” by waiting for the price of gold to drop.

Below, we’re teasing out the nuances of these topics and providing what we hope will be helpful insights for anyone else who may be grappling with the same trepidations in their investment journey. Read on to learn more!

Not Enough or No Money for Gold Right Now

A typical charge we hear time and again is that the price of gold is too steep to begin or continue investing, which is subsequently and falsely projected onto the whole precious metals market at large. Many investors, both novice and seasoned, think they don’t have enough cash to start or continue investing in precious metals. While the availability of funds is an important consideration when making any long-term financial decision, precious metals are often more attainable than many people think.

Alternatives to Gold

While the yellow-hued metal has proven itself time and again to be a reliable store of wealth for investors of all backgrounds, acquiring precious metals does not mean having to add only gold coins to your asset portfolio. If you think the price of gold is indeed too high for you right now, there are a variety of other options from which to choose.

The silver market, for example, is a great complement to gold. Silver is often available at lower price points than gold, palladium, and platinum, making breaking into the precious metals sector more attainable for many investors. Silver is also typically regarded as a metal that gives investors a bigger “bang for their buck,” allowing them to accumulate more ounces per dollar than other higher-priced options.

It's essential to keep in mind that lower prices don't mean the investments are necessarily inferior when it comes to shoring up hard-earned wealth. Much like gold, silver has consistently increased in value over the last several years, allowing it to serve in its own right as a reliable hedge against inflation for many investors. Silver has and continues to be a reliable means of safeguarding wealth for many investors across the country.

To continue reading, please go to the original article here:

https://www.usgoldbureau.com/news/financial-obstacles-invest-gold-silver