Economic concerns in recent years have resulted in a boost in bullion investing. However, if you’ve long realized the many perks associated with investments of this nature, it’s safe to assume you’ll benefit more from some tips geared toward advanced bullion investors and not just ones focused on newer investors. If this is the level you’re at now with your bullion and precious metals investments, here are five tips to consider, offered by the experienced professionals from First National Bullion and Coin. Carlsbad precious metals collectors know they can rely on us for high-quality service and unmatched expertise.
1. Be Cautious with Exchange-Traded Funds (ETFs)
Some investors prefer to mix things up with investments in physical bullion and ETFs, which function in a similar way as stocks. The top concern with exchange-traded funds is that there’s more paper gold or silver being traded than what’s actually available in physical form. ETFs can also be affected by market volatility more than what’s common with physical precious metals.
2. Consider Bars from LBMA-Certified Refineries
When possible, consider investing in bars that originated from refineries certified by the London Bullion Market Association (LBMA). This is a well-respected organization that confirms the purity and quality of bullion in bar form. Bars from LBMA-certified refineries also tend to be easier to sell in international markets. For times when this isn’t possible, look for reputable precious metals dealers that will give you definitive proof of purity and quality.
3. Do Your Homework on Various Types of Bullion
Even advanced bullion investors tend to gravitate toward gold and silver. While these two precious metals have gotten a lot of the attention from investors for many years, there are other precious metals available in bullion form that can be equally smart investments. For instance, palladium and platinum are largely influenced by supply and demand. If you keep an eye on these markets, you may be able to make some shrewd investments.
4. Opt for Sole Ownership of Your Bullion
An unallocated bar is one that’s a credit from a bullion dealer backed by its corresponding reserve. This is an example of how you could invest in bullion without actually owning the physical precious metal. However, you’ll be better off in the long run if the bulk of your investments are in bullion you actually own in physical form.
5. Be Willing to Change Your Investment Strategy
It’s great if you have a bullion investment strategy that’s working really well for you. But there are some other strategies that could serve you just as well or even a bit better. This is why you’ll ultimately benefit more from your investments if you’re willing to periodically adjust things here and there.
Be in a better position to do this by paying attention to:
• Spot prices for your preferred precious metals so you can get a feel for current trends
• Market trends in supply and demand to determine if there are other precious metals worth adding to your portfolio
• Buying opportunities involving rare coins or bars that have the potential to increase in value
• Any advice a reputable precious metals dealer or investment specialist may be willing to offer
If you’re building your investment portfolio and looking for the best place to purchase Carlsbad gold and bullion as well as silver, platinum, and other precious metals, reach out to the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how precious metals can be great investments. Give one of our experienced dealers a call today at 760-253-8072.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.