With rising inflation and growing concerns of economic instability, investing in silver or gold bullion is a smart way to diversify your portfolio. Physical bullion offers stability that not many assets can provide, no matter what is happening around the world. Use the guide below to learn more about investing in these precious metals.
What Is Bullion?
Bullion is gold or silver that has been refined to 99.5% and 99.9% purity, respectively. Both typically come in the form of bars, or ingots, and coins. These precious metals are mined from the earth as ore, then pure silver and gold are extracted using extreme heat or chemicals. It is sometimes considered legal tender. Central banks, institutional investors, and governments often hold gold bullion in reserves. The main factors that influence the price of bullion are perceptions of the economy and demand from companies that make gold and silver products, such as jewelry manufacturers.
What Are the Benefits of Investing?
Both silver and gold bullion are seen as safe investments and offer a way to hedge against inflation risks, exchange rate risks, and geopolitical risks. This often leads to price increases and higher demand during periods of uncertainty and economic instability, such as war and recessions. These assets tend to increase in value over time, so you will not need to worry about your investment losing money.
Bullion is also low-maintenance. Property investments require a lot of time, money, and energy to maintain, but gold can be kept in a safe or vault indefinitely. It cannot be stolen or erased by hackers and identity thieves, since it is a tangible asset. It is recommended that everyone have some physical wealth alongside digital, in the event that access to the internet will be limited or cut off at any point. Silver and gold bullion are also very easy to buy or sell. You can take it anywhere with you, and it can easily be converted into cash.
Where Can You Get It?
Investors can purchase physical bullion from precious metal dealers, rare coin dealers, and banks online or in person. When you purchase gold or silver bullion online, you may have it shipped to you, or the dealer might hold it in a vault. They would make an accounting entry to show proof of your investment rather than giving you bars or coins.
Be sure to do your research and only buy from reputable dealers. A trustworthy dealer should be well-known, experienced, and preferably a member of an organization such as the American Numismatic Association.
If you are interested in purchasing or selling physical silver or gold bullion, come to Coins Plus in Cincinnati, OH. These trusted coin dealers have a long-standing reputation as fair, honest, and knowledgeable leaders in numismatics. They offer expert coin appraisals and will buy and sell coins, paper currency, jewelry, bullion, antiques, and scrap gold. Visit their website or call (513) 621-1996 for more information about their services.